2017 Lexus RX Lease Deals and Prices

jayhawker3

Looking for MF and residual on AWD RX Sport 10/36, 10/48, thanks

Michaell

jayhawker3 said:

Looking for MF and residual on AWD RX Sport 10/36, 10/48, thanks

.00080 and 62% / 53%

$500 lease cash

tlb5

kyfdx said:

tlb5 said:

can i please get may numbers when available for AWD 36/10 and 36/12?

.00080 MF and 61%/60% residual
$500 lease cash

thank you! - i see edmunds lists both a $500 lease cash and a $750 loyalty cash. as a current lexus leassee do i get the $750? both, lol?

Michaell

tlb5 said:

kyfdx said:

tlb5 said:

can i please get may numbers when available for AWD 36/10 and 36/12?

.00080 MF and 61%/60% residual
$500 lease cash

thank you! - i see edmunds lists both a $500 lease cash and a $750 loyalty cash. as a current lexus leassee do i get the $750? both, lol?

The lease cash and loyalty cash should stack.

abokhari

I went in today to buy but decided to lease instead. This is what I got on a 36/10 lease:
MSRP $54013. 
Selling price $47013 ($7000 discount off sticker)
Lease cash $500
Loyalty cash $750
Residual 61% $32947.93
MF 0.00080
6% Maryland Sales tax $2820.78
TT&L $282
Acquisition fee $700
Monthly lease payment $527.62

Sounds right?

kyfdx

abokhari said:

I went in today to buy but decided to lease instead. This is what I got on a 36/10 lease:
MSRP $54013. 
Selling price $47013 ($7000 discount off sticker)
Lease cash $500
Loyalty cash $750
Residual 61% $32947.93
MF 0.00080
6% Maryland Sales tax $2820.78
TT&L $282
Acquisition fee $700
Monthly lease payment $527.62

Sounds right?

Looks about right. Just first payment due at signing?

samj

Do you May numbers for Southern California? Base, FWD? Couple of dealers told me to expect better numbers for May. Any ideas if June or July might get better? I was planning to pull trigger a bit later in summer. 

I understand you don't track prices, but it seems others here are avle to get prices below invoice - even after adjusting for cash incentives. 

kyfdx

samj said:

Do you May numbers for Southern California? Base, FWD? Couple of dealers told me to expect better numbers for May. Any ideas if June or July might get better? I was planning to pull trigger a bit later in summer. 

I understand you don't track prices, but it seems others here are avle to get prices below invoice - even after adjusting for cash incentives. 

.00080 MF and 58% residual for 36/15.
$500 lease cash

Lexus only adjusts residuals quarterly, so those won't change until after July 5th.
Looks like the same MF and lease cash as last month, though that program will update on June 1st.

roughyear1

abokhari .. which dealership was that.. I did the same deal yesterday as well, but you got an extra $2k more than I did ($7k vs $5).. did you put any money down or a trade-in??!!

nick_chev

Looking for MF & Res on 2017 Lexus RX 350 AWD - 36mo/15k, Prem Pkg $54,269 MSRP

Michaell

nick_chev said:

Looking for MF & Res on 2017 Lexus RX 350 AWD - 36mo/15k, Prem Pkg $54,269 MSRP

.00080 MF and 58% residual for 36/15.
$500 lease cash

kyfdx

nick_chev said:

Looking for MF & Res on 2017 Lexus RX 350 AWD - 36mo/15k, Prem Pkg $54,269 MSRP

.00080 MF and 58% residual
$500 lease cash

abokhari

roughyear1 said:

abokhari .. which dealership was that.. I did the same deal yesterday as well, but you got an extra $2k more than I did ($7k vs $5).. did you put any money down or a trade-in??!!

No money down. No trade in. I shopped around and got quotes for $5K and $5500 off from other dealerships but Rockville quoted $7K off.

ouracingjay

Can I please get the May 2017 Residual and MF for a F-Sport FWD 36/15 in Oklahoma? Thanks in advance!

Michaell

ouracingjay said:

Can I please get the May 2017 Residual and MF for a F-Sport FWD 36/15 in Oklahoma? Thanks in advance!

59% and .00080

$500 lease cash

dcap841

@Michaell or anyone else that may know, dealer has available $1000 loyalty rebate and $1000 conquest rebate. My wife has a Lexus and I have an Infiniti. Both cars should qualify for a rebate. Any idea if we can combine both rebates and $500 lease cash for total $2500 in rebates? 

Michaell

dcap841 said:

@Michaell or anyone else that may know, dealer has available $1000 loyalty rebate and $1000 conquest rebate. My wife has a Lexus and I have an Infiniti. Both cars should qualify for a rebate. Any idea if we can combine both rebates and $500 lease cash for total $2500 in rebates? 

Generally, no. You can use either the loyalty or the conquest, but cannot combine them.

royals15

Considering a purchase of a 2017 Lexus RX 350 AWD on a 36 month lease with 12k miles/yr in Kansas.

1. What is the current money factor, residual and cash incentives?
2. Is the money factor and residual the same for all RX 350s regardless of options or MSRP?

Thank you.

Michaell

royals15 said:

Considering a purchase of a 2017 Lexus RX 350 AWD on a 36 month lease with 12k miles/yr in Kansas.

1. What is the current money factor, residual and cash incentives?
2. Is the money factor and residual the same for all RX 350s regardless of options or MSRP?

Thank you.

60% and .00080. $500 lease cash.

F-Sport trims have a 1% higher residual.

m5driven

Looking to lease a 2017 Lexus RX 350 AWD. What is the MF and Residual on a 36mo/10K and 42mo/10K in Ohio? How much of a discount should I expect off of the MSRP?

Michaell

m5driven said:

Looking to lease a 2017 Lexus RX 350 AWD. What is the MF and Residual on a 36mo/10K and 42mo/10K in Ohio? How much of a discount should I expect off of the MSRP?

.00080 and 61% or 57%

$500 lease cash

dcap841

just closed this deal for 39m/10k in NJ:
2017 RX 350 AWD 
MSRP - $50,474
Final sale price - $44,629.90
Residual - $29,779.66 (59%)
Rent charge - $2,343.51
Total out of pocket - $1,000 (including first month)
Rebates - $500 lease cash, $1,000 loyalty rebate

$459 per month

what are your thoughts? good deal? 

Michaell

dcap841 said:

just closed this deal for 39m/10k in NJ:
2017 RX 350 AWD 
MSRP - $50,474
Final sale price - $44,629.90
Residual - $29,779.66 (59%)
Rent charge - $2,343.51
Total out of pocket - $1,000 (including first month)
Rebates - $500 lease cash, $1,000 loyalty rebate

$459 per month

what are your thoughts? good deal? 

Looks good. Congrats!

riles246

Are the figures different on the hybrid? I'm on the fence between a hybrid and a non-hybrid. Looking for MF+residual for 36 months/10k and 36 month/12k.

Thanks in advance!

Michaell

riles246 said:

Are the figures different on the hybrid? I'm on the fence between a hybrid and a non-hybrid. Looking for MF+residual for 36 months/10k and 36 month/12k.

Thanks in advance!

F-Sport for the non-hybrid?

MF is .00080 with $500 lease cash for both.

lexusonu

What different ways can you use the $500 cash lease ? Can they give you a coupon to use toward service or even cut you a check ?

Michaell

lexusonu said:

What different ways can you use the $500 cash lease ? Can they give you a coupon to use toward service or even cut you a check ?

Sorry, can only be used to lower the cap cost of the vehicle.

riles246

Michaell said:

riles246 said:

Are the figures different on the hybrid? I'm on the fence between a hybrid and a non-hybrid. Looking for MF+residual for 36 months/10k and 36 month/12k.

Thanks in advance!

F-Sport for the non-hybrid?

MF is .00080 with $500 lease cash for both.

I'm looking at a non- F-sport hybrid. Is the residual 61% for 10k and 60% for 12k like the non-hybrid?

Thanks again.

Michaell

riles246 said:

Michaell said:

riles246 said:

Are the figures different on the hybrid? I'm on the fence between a hybrid and a non-hybrid. Looking for MF+residual for 36 months/10k and 36 month/12k.

Thanks in advance!

F-Sport for the non-hybrid?

MF is .00080 with $500 lease cash for both.

I'm looking at a non- F-sport hybrid. Is the residual 61% for 10k and 60% for 12k like the non-hybrid?

Thanks again.

No. 61% / 62% for 12/10

gavrik

Hi, my local dealer claims Lexus do not offer loyalty rebate on RX models. He said I only get $500 cash for leasing but that's it. Is that true?

Also, I found a vehicle in stock AWD - no Nav - for $52,208. The dealer bottom dollar is $48,305. I priced it using Edmunds TruValue and it comes out to $48,580. The dealer will not budge any lower. They did confirm money factor 0.00080 for Tier 1 buyers, residual @ 61% for 36K and $700 acquisition fee. With tax included, payments are $594 (I only pay for 1st money+doc fees).

Is that a good deal? The reason I am asking some posters claim knocking 11% off MSRP. I only got 7% off.

kyfdx

gavrik said:

Hi, my local dealer claims Lexus do not offer loyalty rebate on RX models. He said I only get $500 cash for leasing but that's it. Is that true?

Also, I found a vehicle in stock AWD - no Nav - for $52,208. The dealer bottom dollar is $48,305. I priced it using Edmunds TruValue and it comes out to $48,580. The dealer will not budge any lower. They did confirm money factor 0.00080 for Tier 1 buyers, residual @ 61% for 36K and $700 acquisition fee. With tax included, payments are $594 (I only pay for 1st money+doc fees).

Is that a good deal? The reason I am asking some posters claim knocking 11% off MSRP. I only got 7% off.

We don't have any information on loyalty incentives.

Dealers can set their own prices. If you don't shop more than one dealer, then you are stuck with what they will give you.

riles246

Thanks to the help on this site, I was able to secure a 2017 RX450h with MSRP of $56,3xx (I forget the change) on a 36 month 10k mile/yr one-pay lease for $18,350 all-in including tax, tags, acquisition fee, registration, etc in NY state. That's an effective payment of $504. Given that the tax and fees that were baked in were a hair over $2k, I'm happy with where I came out. I fought hard for the deal using other user's posts on this site, so thanks!

Note to others who may also try to rely on this- there was a trade involved so there was probably some wiggle room in the trade that made the deal possible, but I was also satisfied with where I ended up on the trade so it wasn't like I gave it away.

I got a quote from a lease broker on nearly the same car that was $2k higher, and the dealer's initial offer was much much higher at $17,850 for a 24 month one-pay (effective payment of $743!).

kyfdx

riles246 said:

Thanks to the help on this site, I was able to secure a 2017 RX450h with MSRP of $56,3xx (I forget the change) on a 36 month 10k mile/yr one-pay lease for $18,350 all-in including tax, tags, acquisition fee, registration, etc in NY state. That's an effective payment of $504. Given that the tax and fees that were baked in were a hair over $2k, I'm happy with where I came out. I fought hard for the deal using other user's posts on this site, so thanks!

Note to others who may also try to rely on this- there was a trade involved so there was probably some wiggle room in the trade that made the deal possible, but I was also satisfied with where I ended up on the trade so it wasn't like I gave it away.

I got a quote from a lease broker on nearly the same car that was $2k higher, and the dealer's initial offer was much much higher at $17,850 for a 24 month one-pay (effective payment of $743!).

Congrats!

howdy_tx

Hi - new to leasing and this forum - been reading many discussions here since 2 days ago, but a silly question, what is MF (money factor) and how does that help in calculating leasing monthly amounts? Thank you. 

howdy_tx

anyway, this was what I was offered, not even sure if it's superb deal that I should just make the deal or can negotiate lower? I'm not in a hurry to get a new car since current car drives just fine. 

RX 350
MSRP = 53199.00
Vehicle Price = 48600.00 (52079.88 after tax/fees)
Residual = 32451.39 (66.77% I guess it's calculate base on Vehicle price 48.6k before tax/fees?) 

One time cash-lease payment = 16883.80 (includes all)
36-month lease
10k miles

I guess that's what 36/10 meant in discussions?

again, I have no clue what MF means or how does it one use to calculate monthly payments - hope someone can share some light! Thank you!

Michaell

howdy_tx said:

anyway, this was what I was offered, not even sure if it's superb deal that I should just make the deal or can negotiate lower? I'm not in a hurry to get a new car since current car drives just fine. 

RX 350
MSRP = 53199.00
Vehicle Price = 48600.00 (52079.88 after tax/fees)
Residual = 32451.39 (66.77% I guess it's calculate base on Vehicle price 48.6k before tax/fees?) 

One time cash-lease payment = 16883.80 (includes all)
36-month lease
10k miles

I guess that's what 36/10 meant in discussions?

again, I have no clue what MF means or how does it one use to calculate monthly payments - hope someone can share some light! Thank you!

Leasing in TX is no fun, as they assess sales tax against the entire selling price.

Residual is applied to the MSRP, not the selling price.

Good articles to educate you about leasing, here:

https://www.edmunds.com/car-leasing/

And, build your own lease calculator, here:

https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

howdy_tx

Michaell said:

anyway, this was what I was offered, not even sure if it's superb deal that I should just make the deal or can negotiate lower? I'm not in a hurry to get a new car since current car drives just fine. 

RX 350
MSRP = 53199.00
Vehicle Price = 48600.00 (52079.88 after tax/fees)
Residual = 32451.39 (66.77% I guess it's calculate base on Vehicle price 48.6k before tax/fees?) 

One time cash-lease payment = 16883.80 (includes all)
36-month lease
10k miles

I guess that's what 36/10 meant in discussions?

again, I have no clue what MF means or how does it one use to calculate monthly payments - hope someone can share some light! Thank you!

Leasing in TX is no fun, as they assess sales tax against the entire selling price.







Residual is applied to the MSRP, not the selling price.







Good articles to educate you about leasing, here:







https://www.edmunds.com/car-leasing/







And, build your own lease calculator, here:







https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Thank you - thought how is the deal I was given? No MF was provided or anything else since I just want to do a one time cash at beginning. Should I negotiate more or it's very good that I should take the deal? 

howdy_tx

Texas - RX 350 (SUV- not sports) - FWD - what is the MF and Residual % ? 10k/36mo

Michaell

howdy_tx said:

Texas - RX 350 (SUV- not sports) - FWD - what is the MF and Residual % ? 10k/36mo

.00080 and 62%.

$500 lease cash

howdy_tx

Michaell said:

Texas - RX 350 (SUV- not sports) - FWD - what is the MF and Residual % ? 10k/36mo

.00080 and 62%.



$500 lease cash

Thanks - in this case, I think the deal is not that great - I just computed single payment vs monthly - Thank you. 
And also residual of my quote is 61% not 62%. Will see if can negotiate better. Thank you. 

Michaell

howdy_tx said:

Michaell said:

Texas - RX 350 (SUV- not sports) - FWD - what is the MF and Residual % ? 10k/36mo

.00080 and 62%.





$500 lease cash

Thanks - in this case, I think the deal is not that great - I just computed single payment vs monthly - Thank you. 
And also residual of my quote is 61% not 62%. Will see if can negotiate better. Thank you. 

The residual is set by the bank and cannot be altered by the dealer.

howdy_tx

Michaell said:

Michaell said:

Texas - RX 350 (SUV- not sports) - FWD - what is the MF and Residual % ? 10k/36mo

.00080 and 62%.







$500 lease cash

Thanks - in this case, I think the deal is not that great - I just computed single payment vs monthly - Thank you. 
And also residual of my quote is 61% not 62%. Will see if can negotiate better. Thank you. 

The residual is set by the bank and cannot be altered by the dealer.

Interesting- 

residual and MF are both set by the banks canNOT Ben altered or just the Residual ?

Michaell

howdy_tx said:

Michaell said:

Michaell said:

Texas - RX 350 (SUV- not sports) - FWD - what is the MF and Residual % ? 10k/36mo

.00080 and 62%.









$500 lease cash

Thanks - in this case, I think the deal is not that great - I just computed single payment vs monthly - Thank you. 
And also residual of my quote is 61% not 62%. Will see if can negotiate better. Thank you. 





The residual is set by the bank and cannot be altered by the dealer.





Interesting- 

residual and MF are both set by the banks canNOT Ben altered or just the Residual ?

MF can be marked up by the dealer for extra profit; residual is fixed.

There are two different residuals for the RX, however - one for the "base" model, the other for the "F-Sport"

howdy_tx

Michaell said:

Michaell said:

Michaell said:

Texas - RX 350 (SUV- not sports) - FWD - what is the MF and Residual % ? 10k/36mo

.00080 and 62%.









$500 lease cash

Thanks - in this case, I think the deal is not that great - I just computed single payment vs monthly - Thank you. 
And also residual of my quote is 61% not 62%. Will see if can negotiate better. Thank you. 

The residual is set by the bank and cannot be altered by the dealer.

Interesting- 

residual and MF are both set by the banks canNOT Ben altered or just the Residual ?

MF can be marked up by the dealer for extra profit; residual is fixed.

There are two different residuals for the RX, however - one for the "base" model, the other for the "F-Sport"

Thank you - I've email the dealer to get the MF he based on calculation - I believe it's very close to 0.0008 you sent earlier - I couldn't get it down to pennies, but got it within $100 . Maybe I entered the tax wrong

do you know if I should enter Dealer Inventory Tax as part of cap cost ? Or that's part of Sales Tax ? 

Or say, I took the final value with fees/tax/TTL if were to purchase car MINUS Texas sales tax = net capital cost ?

Thank you 

Michaell

howdy_tx said:

Michaell said:

howdy_tx said:

Michaell said:

Michaell said:

Texas - RX 350 (SUV- not sports) - FWD - what is the MF and Residual % ? 10k/36mo

.00080 and 62%.











$500 lease cash

Thanks - in this case, I think the deal is not that great - I just computed single payment vs monthly - Thank you. 
And also residual of my quote is 61% not 62%. Will see if can negotiate better. Thank you. 

The residual is set by the bank and cannot be altered by the dealer.

Interesting- 

residual and MF are both set by the banks canNOT Ben altered or just the Residual ?



MF can be marked up by the dealer for extra profit; residual is fixed.



There are two different residuals for the RX, however - one for the "base" model, the other for the "F-Sport"



Thank you - I've email the dealer to get the MF he based on calculation - I believe it's very close to 0.0008 you sent earlier - I couldn't get it down to pennies, but got it within $100 . Maybe I entered the tax wrong

do you know if I should enter Dealer Inventory Tax as part of cap cost ? Or that's part of Sales Tax ? 

Or say, I took the final value with fees/tax/TTL if were to purchase car MINUS Texas sales tax = net capital cost ?

Thank you 

I think there is some sort of luxury tax in Texas, though I don't know the particulars.

Out of pocket, I recommend only first payment and DMV costs - add everything else into the cap cost and make it part of the monthly payment.

howdy_tx

I guess back to my original inquiry:

RX 350 (base, not-Sports)
MSRP = 53199.00
Vehicle Price = 48600.00 (52079.88 after 6.25%tax/fees)
Residual = 32451.39 (61%off MSRP)

One time cash-lease payment = 16883.80 (includes all)
36-month lease
10k miles

am I being offered a good deal? Appreciate comments. Thank you in advance. 

Michaell

howdy_tx said:

I guess back to my original inquiry:

RX 350 (base, not-Sports)
MSRP = 53199.00
Vehicle Price = 48600.00 (52079.88 after 6.25%tax/fees)
Residual = 32451.39 (61%off MSRP)

One time cash-lease payment = 16883.80 (includes all)
36-month lease
10k miles

am I being offered a good deal? Appreciate comments. Thank you in advance. 

With those prices, I get $613/mo, or $22,068.

Your deal looks great by comparison. I know there is a break in the MF for a one-pay lease, but I don't know the size of the discount.

howdy_tx

Michaell said:

I guess back to my original inquiry:

RX 350 (base, not-Sports)
MSRP = 53199.00
Vehicle Price = 48600.00 (52079.88 after 6.25%tax/fees)
Residual = 32451.39 (61%off MSRP)

One time cash-lease payment = 16883.80 (includes all)
36-month lease
10k miles

am I being offered a good deal? Appreciate comments. Thank you in advance. 

With those prices, I get $613/mo, or $22,068.



Your deal looks great by comparison. I know there is a break in the MF for a one-pay lease, but I don't know the size of the discount.

 Wow. That's a big difference. Interesting. Thank you.
i don't know the discount either - I just know there is some Rebate listed $1k not $500 cash rebate (I'm guessing it's same thing?) for what you've indicated earlier. 

ish3000

Hi good afternoon, was wondering if you know the MF for the different credit tiers for a Lexus RX 350 AWD

Michaell

ish3000 said:

Hi good afternoon, was wondering if you know the MF for the different credit tiers for a Lexus RX 350 AWD

.00080 720+
.00090 690-719
.00125 670-689
.00215 650-669
.00280 630-649
.00360 610-629
.00420 580-609
.00540 520-579