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Lexus RX 350 lease

ctor3527ctor3527 Member Posts: 30
edited April 2016 in Lexus
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????

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    kyfdxkyfdx Moderator Posts: 241,469
    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?

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    ctor3527ctor3527 Member Posts: 30
    Yes 36 months and 7percent is the tax
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    ctor3527ctor3527 Member Posts: 30
    The original msrp was 48,000
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    ctor3527ctor3527 Member Posts: 30
    Sorry by the way I live in Rhode Island 
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    ctor3527ctor3527 Member Posts: 30
    So now they came back with $567 a month 
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    ctor3527ctor3527 Member Posts: 30
    And this is at 39 months with 15,000 miles a year 
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    kyfdxkyfdx Moderator Posts: 241,469
    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.

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    haritosh82haritosh82 Member Posts: 9
    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
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    MichaellMichaell Moderator Posts: 244,208

    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.

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    haritosh82haritosh82 Member Posts: 9
    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 :smile:
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    kyfdxkyfdx Moderator Posts: 241,469

    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 :smile:

    Congrats on the new Lexus!

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    lexani18zzlexani18zz Member Posts: 13
    edited May 2016
    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

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    MichaellMichaell Moderator Posts: 244,208

    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.

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    joe_nolanjoe_nolan Member Posts: 3
    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
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    joe_nolanjoe_nolan Member Posts: 3
    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
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    kyfdxkyfdx Moderator Posts: 241,469
    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.

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    kyfdxkyfdx Moderator Posts: 241,469
    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.

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    joe_nolanjoe_nolan Member Posts: 3
    edited May 2016
    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.
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    lexani18zzlexani18zz Member Posts: 13
    edited May 2016
    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
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    MichaellMichaell Moderator Posts: 244,208
    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.

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    MichaellMichaell Moderator Posts: 244,208


    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.

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    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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