2017 RX 350 AWD lease

tellytel96tellytel96 Member Posts: 3
edited December 2016 in Lexus
MSRP: $54,684
Cap/Sale Price $50,801 - told this includes all rebates and incentives
36 month
7500 mile annually
65% residual
.00155 MF
$5000 down
$550 monthly

told this is the best offer but my math shows there might be some room in the price - does this add up?

Comments

  • tellytel96tellytel96 Member Posts: 3
    forgot - this is chicago for tax purposes
  • kyfdxkyfdx Moderator Posts: 187,719

    forgot - this is chicago for tax purposes

    Tax is pretty high, if you are actually in Chicago. About 17.5%, total.

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  • tellytel96tellytel96 Member Posts: 3
    Yes it's high - I'm in Chicago. Does that monthly figure add up to you? Curious if this makes sense. Thanks!
  • kyfdxkyfdx Moderator Posts: 187,719

    MSRP: $54,684
    Cap/Sale Price $50,801 - told this includes all rebates and incentives
    36 month
    7500 mile annually
    65% residual
    .00155 MF
    $5000 down
    $550 monthly

    told this is the best offer but my math shows there might be some room in the price - does this add up?

    Hard to get the exact numbers, because Illinois tax is collected upfront, while the Chicago tax is applied to the monthly payment.
    Without a breakdown of the adjusted CAP cost and the pre-tax payment, and a full accounting, we can only estimate.

    So.. it looks pretty close to me. Generally, it's not a good idea to make a big upfront payment. From my perspective, it serves to make the monthly cost appear less than it really is. The "real" cost is about $675/mo, if you were only making the first payment at signing.

    That's a lot of money to drive just 625 miles/month.

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