Lexus RX 350 lease

ctor3527

lexus RX350 2016, 15,000 miles $44,000, $2000 down @$590 a month, taking my truck 2013 Pathfinder, left to pay on it $1400, whats the money factor and risdual, is this a good deal????

kyfdx

ctor3527 said:

lexus RX350 2016, 15,000 miles $44,000, $2000 down @$590 a month, taking my truck 2013 Pathfinder, left to pay on it $1400, whats the money factor and risdual, is this a good deal????

Is it 36 months?

If so, .00130 MF and 60% residual.

Doesn't seem real cheap. What is the MSRP? And, what state/tax rate?

ctor3527

Yes 36 months and 7percent is the tax

ctor3527

The original msrp was 48,000

ctor3527

Sorry by the way I live in Rhode Island 

ctor3527

So now they came back with $567 a month 

ctor3527

And this is at 39 months with 15,000 miles a year 

kyfdx

ctor3527 said:

Yes 36 months and 7percent is the tax

ctor3527 said:

The original msrp was 48,000

For 36/15, I get $517/mo.+tax, assuming your $2000 covers all of your upfront fees (and, it should.. easily).

Of course, if they are adding in $1400 to pay off your current vehicle, that will add about $40/mo., so that's putting you closer to their number.

haritosh82

Please let me know if this is a good deal...

2016 Lexus RX 350, MSRP 43780, Selling Price 38500, Dealer Accessories 795, Drive Off Check - 1720 includes (Acq Fee 699 + Dealer Fee 499 + License Fee 100 + 1st month payment)

423 per month in Overland Park, KS (8.85% tax) for a 36/10 lease 423/mo includes tax

Michaell

haritosh82 said:

Please let me know if this is a good deal...

2016 Lexus RX 350, MSRP 43780, Selling Price 38500, Dealer Accessories 795, Drive Off Check - 1720 includes (Acq Fee 699 + Dealer Fee 499 + License Fee 100 + 1st month payment)

423 per month in Overland Park, KS (8.85% tax) for a 36/10 lease 423/mo includes tax

If I add the accessories to the selling price, I get $449/mo using the .00130 MF and 63% residual. Your quote looks good by comparison.

haritosh82

Thanks, I went ahead and bought it today at 423. Dealer told me that he would not add the accessories to the MSRP and I was able to negotiate to get those for free. I hope I got a good deal

kyfdx

haritosh82 said:

Thanks, I went ahead and bought it today at 423. Dealer told me that he would not add the accessories to the MSRP and I was able to negotiate to get those for free. I hope I got a good deal

Congrats on the new Lexus!

lexani18zz

Lexus RX 350 F sport 
12k/36mo
msrp:60.739

Price:  55900

Residual:  .62

MF:  .00180

$0.00 down

$766 per month 

or 
or pay tags tax (4.25%),1st payment, acquisition fee:
$2500 down
with monthly payment @ $695

Michaell

lexani18zz said:

Lexus RX 350 F sport 
12k/36mo
msrp:60.739

Price:  55900

Residual:  .62

MF:  .00180

$0.00 down

$766 per month 

or 
or pay tags tax (4.25%),1st payment, acquisition fee:
$2500 down
with monthly payment @ $695

What is the adjusted cap cost?

As is, your numbers give me $675/mo.

Base MF is .00130, so the dealer is marking that up. MF increase is adding almost $50 to your payment.

joe_nolan

I live in south Florida and am wondering if this is a good deal I should consider:

RX350 RWD 2016
MSRP: $58650
Negotiated Price: $54500
MF: .00130
Residual: 64%
12K/36months
6% tax
$617 per month ($582 plus 6% taxes)

I am paying $3500 cap cost reduction at closing, $355 for title and licensing, and $699 dealer fee at closing for $4554 due at closing.

I know I would lose the $3500 if the car got totaled, but at the end of the day, does cap cost reductions make any sense?

Also, does anyone know what the residual would be if I went to 15K a year?

Thanks.

Joe

joe_nolan

Does anyone know what discount/incentive I should receive on the deal above if I prepay the lease in full? Is this a good idea?

Thanks.

Joe

kyfdx

joe_nolan said:

I live in south Florida and am wondering if this is a good deal I should consider:

RX350 RWD 2016
MSRP: $58650
Negotiated Price: $54500
MF: .00130
Residual: 64%
12K/36months
6% tax
$617 per month ($582 plus 6% taxes)

I am paying $3500 cap cost reduction at closing, $355 for title and licensing, and $699 dealer fee at closing for $4554 due at closing.

I know I would lose the $3500 if the car got totaled, but at the end of the day, does cap cost reductions make any sense?

Also, does anyone know what the residual would be if I went to 15K a year?

Thanks.

Joe

I get $591/mo.+tax using your negotiated price, without any CAP cost reduction.
I don't show any provision for 1st payment or acquisition fee in your numbers, though. Perhaps these are being added to the CAP cost, or subtracted from the $3500 before applying CCR to the gross CAP.

Residual drops 2% when going from 12K/yr to 15K/yr.

Cap cost reductions do save a small amount each month in finance charges, but mostly serve to make the monthly cost seem lower.

kyfdx

joe_nolan said:

Does anyone know what discount/incentive I should receive on the deal above if I prepay the lease in full? Is this a good idea?

Thanks.

Joe

A single-pay lease gives a discount to the money factor. The lease is then re-calculated with the lower money factor, than the payments are added (plus fees, taxes, etc) and that is your Single-Pay amount.

Don't know Lexus details on the discounted money factor, but it can be a significant savings.

joe_nolan

Thanks for the feedback kyfxd, what am I doing wrong with my calculations...



I was planning on paying the fees ($699 dealer fee, $355 titling and plate transfer fee) separately outside the lease. But for the calc above, there are included in line 4. Should they be? No provisions for first payment. Should there be?

Does anyone think is a bad deal, average deal, good deal or great deal? I'm not sure.

lexani18zz

Michaell said:

Lexus RX 350 F sport 
12k/36mo
msrp:60.739

Price:  55900

Residual:  .62

MF:  .00180

$0.00 down

$766 per month 

or 
or pay tags tax (4.25%),1st payment, acquisition fee:
$2500 down
with monthly payment @ $695

What is the adjusted cap cost? As is, your numbers give me $675/mo. Base MF is .00130, so the dealer is marking that up. MF increase is adding almost $50 to your payment.

I have never leases before, so I'm not sure what the adjusted cap cost is, he told me $2500 down would cover 1st month payment of $695, and my state taxes which is 4.25% along with acquisition fee. I emailed the salesguy about the MF being higher he said he can lower payment by $50.00 so it would be $645mo

Michaell

joe_nolan said:

Thanks for the feedback kyfxd, what am I doing wrong with my calculations...



I was planning on paying the fees ($699 dealer fee, $355 titling and plate transfer fee) separately outside the lease. But for the calc above, there are included in line 4. Should they be? No provisions for first payment. Should there be?

Does anyone think is a bad deal, average deal, good deal or great deal? I'm not sure.

I agree with your calculations.

If you want to pay the fees, etc up front, take that amount out of line 4. First payment is also due at lease signing, so not factored into the calcs.

We don't track selling prices, so can't comment on that.

Michaell

lexani18zz said:

Michaell said:

Lexus RX 350 F sport 
12k/36mo
msrp:60.739

Price:  55900

Residual:  .62

MF:  .00180

$0.00 down

$766 per month 

or 
or pay tags tax (4.25%),1st payment, acquisition fee:
$2500 down
with monthly payment @ $695

What is the adjusted cap cost?

As is, your numbers give me $675/mo.

Base MF is .00130, so the dealer is marking that up. MF increase is adding almost $50 to your payment.

I have never leases before, so I'm not sure what the adjusted cap cost is, he told me $2500 down would cover 1st month payment of $695, and my state taxes which is 4.25% along with acquisition fee. I emailed the salesguy about the MF being higher he said he can lower payment by $50.00 so it would be $645mo

The only variables in a lease are the selling price and the money factor. Negotiate the lowest selling price you can and make sure you get the base MF.

Don't negotiate the payment.