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2017 Lexus RX Lease Questions

MichaellMichaell ColoradoPosts: 43,220
edited October 2016 in Lexus
Ask you 2017 RX lease questions here!

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  • leoh418leoh418 Posts: 11
    Hi, 

    Can I get the 2017 RX350AWD 36/10 numbers for October? Please also let me know if there are any incentives. 
  • MichaellMichaell ColoradoPosts: 43,220
    leoh418 said:

    Hi, 

    Can I get the 2017 RX350AWD 36/10 numbers for October? Please also let me know if there are any incentives. 

    64% and .00160

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  • cynocyno Posts: 29
    2017 RX350 RWD with 36/12?
  • kyfdxkyfdx Posts: 53,743
    cyno said:

    2017 RX350 RWD with 36/12?

    FrontWD or AWD?

    F-Sport or non F-sport?

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  • cynocyno Posts: 29
    2017 RX350 FWD non F-Sport with 36/12 and also the AWD F Sport with 36/12
  • MichaellMichaell ColoradoPosts: 43,220
    cyno said:

    2017 RX350 FWD non F-Sport with 36/12 and also the AWD F Sport with 36/12

    .00160 and 63% (non F-Sport) or 64% (F-Sport)

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  • Can I get the lease numbers on a 2017 AWD 39/10? Thanks in advance!
  • MichaellMichaell ColoradoPosts: 43,220
    azsundvl said:

    Can I get the lease numbers on a 2017 AWD 39/10? Thanks in advance!

    .00160 and 62%

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  • Can you tell me MF and Residual for November on 2017 RX350 FSport AWD for 36/10 in Texas? Any other incentives?
  • kyfdxkyfdx Posts: 53,743

    Can you tell me MF and Residual for November on 2017 RX350 FSport AWD for 36/10 in Texas? Any other incentives?

    .00155 MF and 65% residual. Complimentary 1st payment.

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  • Can you share the numbers for 2017 gs350 fsport FWD 24/10, 36/10, California. Is there any cash incentive for leasing? Thank you!
  • MichaellMichaell ColoradoPosts: 43,220
    dkp1111 said:

    Can you share the numbers for 2017 gs350 fsport FWD 24/10, 36/10, California. Is there any cash incentive for leasing? Thank you!

    This is the RX forum. GS can be found here:

    http://forums.edmunds.com/discussion/43186/lexus/gs-350/2017-lexus-gs-350-lease-questions#latest

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  • Can someone please comment on this deal? It seems really high to me. I'm in TX, so it's full tax, but this price is more than you'd pay financing the car. Seems absurd and would never do it. How are they coming up with this pmt? I have tier 1 pls credit. 



    MSRP: $53,079
    Sale Price: $49,998
    Term: 24 months
    Mileage: 12k per year
    Residual: 69%
    Money Factor: .00225
    Cash Down: $500
    Monthly Payment: $922
  • kyfdxkyfdx Posts: 53,743
    cmcdallas said:

    Can someone please comment on this deal? It seems really high to me. I'm in TX, so it's full tax, but this price is more than you'd pay financing the car. Seems absurd and would never do it. How are they coming up with this pmt? I have tier 1 pls credit. 



    MSRP: $53,079
    Sale Price: $49,998
    Term: 24 months
    Mileage: 12k per year
    Residual: 69%
    Money Factor: .00225
    Cash Down: $500
    Monthly Payment: $922

    Yes, it's absurd, but part of that is the 24 month term.
    The 36 month residual is just 6% lower, and will result in a much lower payment.
    Not only is the residual better in comparison, but then your tax will be amortized over 12 more payments.
    Base MF is .00155-.00165, so that's marked up a lot.
    With tax and acquisition fee, estimate a CAP cost of about $54,000.
    At that number, I get $928/mo, so pretty close.
    Using their numbers, but for 36 months, the payment drops to $768/mo.
    Using .00155 for the money factor (and 36/12), the payment drops to $707/mo.

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  • Thank you! Your feedback is very helpful. I guess that's still higher than what I was hoping, even on a 36 month term, but I think there is room to negotiate down on the sales price. On the MF, my colleague said they got .0010 last month. Is that no longer avail?
  • PS - trying to get to a payment on this MSRP in the 500s. I am fine with a 36 /month lease, but I don't want to put money down. Is that even feasible if they adjust the money factor AND i negotiate down on the sales price? I thought I'd seen other folks get payments in the 500s, but 707 to 5xx/mo seems like a big leap!
  • Hi, thanks for your help in advance. Can you give MF and residual values for 12/36 and 15/36 for 2017 RX350 in California? Also with 2017 RX350 F Sport? Thanks again. 
  • It's for the Nov to remember sales event
  • kyfdxkyfdx Posts: 53,743
    cmcdallas said:

    PS - trying to get to a payment on this MSRP in the 500s. I am fine with a 36 /month lease, but I don't want to put money down. Is that even feasible if they adjust the money factor AND i negotiate down on the sales price? I thought I'd seen other folks get payments in the 500s, but 707 to 5xx/mo seems like a big leap!

    Doesn't seem likely.

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  • kyfdxkyfdx Posts: 53,743

    Hi, thanks for your help in advance. Can you give MF and residual values for 12/36 and 15/36 for 2017 RX350 in California? Also with 2017 RX350 F Sport? Thanks again. 

    .00155 MF and 63%/61% residual. Complimentary 1st payment.
    Add 1% to residual for F-Sport

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  • Good morning - lots of good info here and thanks in advance for those with questions and the responses. Wanting to confirm what Tier 1+ MF would be on '17 RX AWD for Colorado. Would that be the .00155 amount I've seen for posted above in CA and TX? Thanks!
  • MichaellMichaell ColoradoPosts: 43,220
    colo_tg said:

    Good morning - lots of good info here and thanks in advance for those with questions and the responses. Wanting to confirm what Tier 1+ MF would be on '17 RX AWD for Colorado. Would that be the .00155 amount I've seen for posted above in CA and TX? Thanks!

    Yes, .00155 is the MF for top tier credit.

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  • Still trying to work something out on a 2017 RX350. I got the sales price where I want it, but the payment is still high due to the residual & Money Factor. I am turning in my 2015 Lexus IS250 and need to make a decision.

    Can someone advise whether Lexus FS allows for MSDs in Texas, and if so, the max #? Any idea how much each MSD would lower the current .00155 Money Factor? MF on my current lease is .00075, which is what I was hoping to get again...never done MSDs before but thinking that might be a way to buy down the rate. Appreciate any feedback!
  • MichaellMichaell ColoradoPosts: 43,220
    cmcdallas said:

    Still trying to work something out on a 2017 RX350. I got the sales price where I want it, but the payment is still high due to the residual & Money Factor. I am turning in my 2015 Lexus IS250 and need to make a decision.

    Can someone advise whether Lexus FS allows for MSDs in Texas, and if so, the max #? Any idea how much each MSD would lower the current .00155 Money Factor? MF on my current lease is .00075, which is what I was hoping to get again...never done MSDs before but thinking that might be a way to buy down the rate. Appreciate any feedback!

    I think Lexus allows 9 MSD, each of which lower the MF by .00008.

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  • I have talked to a couple of dealers on a 2017 AWD F-Sport. One dealership in Texas is telling me a 36/10 lease is 65% residual while one in GA is telling me that 36/10 is 64% and the 7.5k/10 is 65%.

    Can you please confirm if there is any reason these 2 dealerships would have different residuals for 36/10? The GA dealership is a much better deal and I know that dealerships can't play with the residual rates so I don't know why there is confusion here.
  • MichaellMichaell ColoradoPosts: 43,220

    I have talked to a couple of dealers on a 2017 AWD F-Sport. One dealership in Texas is telling me a 36/10 lease is 65% residual while one in GA is telling me that 36/10 is 64% and the 7.5k/10 is 65%.

    Can you please confirm if there is any reason these 2 dealerships would have different residuals for 36/10? The GA dealership is a much better deal and I know that dealerships can't play with the residual rates so I don't know why there is confusion here.

    36/10 on the AWD F-Sport is 65%; add 1% for 7500 miles.

    Residual is fixed by LFS, so dealers aren't quoting you the right term, or the right miles per year.

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  • Thanks for quick reply. What are you seeing on the 48/10? 55%?
  • Do you know money factor and residual for 2017 RX450h for 36 month/ 10K in Atlanta with December to Remember rates released today?
    Thanks.
  • kyfdxkyfdx Posts: 53,743

    Thanks for quick reply. What are you seeing on the 48/10? 55%?

    AWD F-Sport 48/10 = 56%

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  • kyfdxkyfdx Posts: 53,743
    mmmwwwww said:

    Do you know money factor and residual for 2017 RX450h for 36 month/ 10K in Atlanta with December to Remember rates released today?
    Thanks.

    We don't have any new rates, released today.

    For November: .00155 MF and 65% residual.
    Complimentary 1st payment.

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