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2013 and earlier Lexus RX 350 / RX 450h Lease Questions
CarMan@Edmunds
Member Posts: 38,514
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Lexus RX 330. Thanks.
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Can you look up the current MF and Residual on a 2005 RX 330 with Premium Plus package? Three year lease with both 15k mile and 20k mile is what I'm considering. Also, are these figures different for the 2006 model?
Thanks!
Pls advise.
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I am interested in leasing a 2006 Lexus RX 400h with heated seats from a local NJ dealer. The dealer is charging $1700.00 above invoice. The lease that fits me the best is 36 months and 15K/year.
I want just pay fees plus the first month's payment. I would like the 6% sale tax in the lease payments.
The dealer claims that Lexus has the best program. The residual, as of August, is 62% and the money factor is not discounted currently (I don't know what it is).
I would like to spend close to $600/month.
Please let me know what the present dealer offer is per month and how we can get to $600.
Here are the details for the Lexus 400H:
MSRP $49,725 including the $650.00 destination charge
Selling price $46,040=$1,700 above invoice
Please let me know what the payment should be for a lease with the new program for September.
Also do you have the new rates for September for the AWD RX 330?
Thanks
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I'm a first time lessee and have been offerred by the Lexus dealership a lease on the 2006 Rx 330 (w/ leather and moonroof) for $553/month and $3000 down. The MSRP is $41110 and the negotiated price is $37575. Their using a money factor of .00285 and a .58 residual (~$23800). 36 months. Any thoughts if this is a good deal or if I should keep negotiating? Also its 12k per year which should be enough for me.
I am currently leasing a 2002 RX 300, whose lease is up in April (39 month lease). I am currently paying $514 with taxes in CA. I put nothing down, get 12k miles per year, I believe the sticker was discounted down to aroun $36k. The car as of right now is in great condition and only has 20k miles on it. I dont have the paperwork with me, so I don't remember the risdual or the money factor at the time of the lease.
The dealership just contacted me about discussing a future lease. Can I use the fact that the current car has low miles and is in great condition as a bargaining chip to flip the lease as to secure the same lease rate (if not lower) on a new 05/06 RX330?
I think my buyout on the car is like $26k (should I be considering this, because I might be able to sell it myself for more?). I feel like they are getting a car that is worth far more than that and I would like some incentives based on that fact.
You are already off to a good start because you were able to get the dealer that you are working with all of the important information about this deal. The selling price that you were quoted for this truck looks reasonable to me. The money factor that is being used to calculate its lease payment is a little high though. Even though Lexus is not currently providing any sort of lease support on the RX 330, your money factor should be around .00235 to .00245 if your credit is in good shape. Another problem I have with this deal is the large down payment that you are making. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your RX 330 would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all.
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Got price for 2005 RX2005, 1 month ago for $41.500. everything inside ...
Also get offer for $545 per months , 32 months on RX400h , $0 down , 10K miles...
Somehow, car_men's prices is not compliting with my dealership prices.... :confuse:
2006 RX330 AWD Flint Mica Prem +, with additional options... 18" wheels, 6-cd, cargo mats, wheel locks, towing prep, heated seat with rain sensor wipers, and bluetooth hands-free for my cell phone (they were able to install the kit without the navigation for $419 <<--- might have been able to get a little less than that)
$1,000 + invoice ($38,440) = $39,440 + $419 = $39,859 (sale price)
I am leasing the car for $550/mo tax included for 30 mo, 12k/yr
Anyone else got a better deal??
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I can calculate a lease payment on the truck that you are interested in for you so that you will have an idea of how much is should cost to lease using the base lease program. According to my calculations, if you were to lease a 2006 Lexus RX 330 without the navigation or entertainment systems with an MSRP of $41,143 and a selling price of $38,650 through Lexus Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $569. I used a money factor of .00235 and a residual value of 57% to arrive at this payment.
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I am currently leasing a 2004 RX330 started Dec 2003 ends Dec 2006. I'm thinking about purchasing it early then maybe selling. I can't seem to find out what my lease factor is and if the deal was good or not, so I know for my next lease. No navigation, my purchase price was $35,834 including $600 acquisition fee. I live in Southern CA sales tax is 8.25%, I put $2,000 down, 36 month lease 15k miles a year, payments $513.48 per month. My Residual Value at end of lease is $21,705, my current payoff price is $26,766. I guess I have a couple of questions.
Does it seem like I got a good deal?
Can you figure out what my lease or money factor is?
Is it a better deal to purchase it out now than at the end?
Any answers and input greatly appreciated.
Thanks
Do you know if the lease deals for November on the RX330 from Lexus are better/worse/same as October's? Also, can you give me your best guess of what a good 3 yr & 12Kmi/yr lease would run for a "base" AWD vehicle with an MSRP of 42048?
Thanks.
I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
You can determine approximately how much it will cost you to purchase your truck before the scheduled end of your lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to buy your truck.
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Anyone has ever dealt with or leased RX330 financed thru Hann Auto? Does anyone have their Residuals and Money Factors for 2006 RX330 model? I've heard from a dealer in NJ that they are pretty aggressive on 2005 RX330's and have an odd 30 month program with 10K miles. Also what are the Bank Fees for LFS and Hann? Thanks.
Is the price of $41,000 negotiated price or is it MSRP? Is $498 per month including tax or plus tax? Also the residual look a bit too high that is good, the money factor is higher than LFS - this is not so good. Judging by the previous posts this deal doesn’t sound too hot. End date of Nov, 9th is a bit strange as well, these lease programs usually run on a calendar month basis, even though I’ve read that LFS has it’s October program till November, 11th.
I am interested in leasing a Lexus RX 330 FWD w/Premium Package. The price I am willing to pay is $33,816.00. ($32,100.00 invoice + $1,716.00 package; these are Consumer Report prices). The term is 36 months @ 15000 miles per year.
I would appreciate if you could let me know the if the price I am willing to pay is reasonable/fair. Also, what would be my monthly payment? What values did you factor in to compute the monthly payment?
I am unaware of this November Lease Deals. Is it available in South East?
Please feel free to make any suggestion.
Thank you very much.
I am interested in a 2006 premium plus with nav. MSRP 45,708. I am planning a 39 month lease, with 12k miles/yr.
Please give me an opinion of the following parameters:
1) Sale price $41,800
2) Money factor 0.0026
3) Residual = 57%
4) Acquisition Fee = $650
5) Security Deposit = $0 - assumes excellent credit
This gives me a monthly payment of $598.53
Another questions; Maryland has a 5% sales tax. Should I pay this amount $2090(5% of sale price and acq. fee) up front at signing or can I pay this with the monthly payment.
Thanks,
Michael from MD
Just came from a Dealership with this deal. Please be brutally honest about your thoughts on the deal. It is for a 2006 RX330 w/Premium Package.
MSRP $43720
Sell Price $40000
Residual value $24500
Term 36 Months
Down Payment: 2500
Trade in: 1997 Maxima 3000
Money factor was quoted as being .0012
Monthly payment came out to be $468 per month.
What am I missing here?
My thoughts are:
1) money factor was wrong
2) down payment? they are going to make their profit off of my trade in. plus a down payment?
Let me know your thoughts?
Seekingdeal1
For now, I can tell you that Lexus is not currently providing any sort of lease support on the RX 330. As a result, if you were to lease one through Lexus Financial Services right now you will have to use its standard lease money factor. The last time that I saw its standard factor it was .00235 for consumers who pay a security deposit and qualify for its Tier 1+ credit tier. Lexus Financial Services current 3 year, 15,000 miles per residual value for the 2006 RX 330 2WD without navigation or the rear entertainment system is 56%. You may want to consider waiting a little while to lease this car. Every year Lexus usually runs its "December to Remember" sales event and provides lease support on most models. Lexus is scheduled to introduce a new lease program on November 23rd. There is a good chance that its money factor for this truck will be much more attractive then.
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This dealer's profit has nothing to do with your down payment or trade. They make money when the bank that you are leasing this truck through purchases it at the price that you agree to. Plus dealers often can make additional back-end profit on deals by marking up vehicles' lease money factors. The money factor that you were quoted is very interesting because it is much lower than what this truck's factor should be. Something doesn't seem right there.
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I appreciate your view and expertise!
Then your recommendation/suggestion is not to put money down except for fees. Then based on the numbers below what would be a fair/market deal?
$43000 MSRP
$40000 Sold
36 months
$24500 Residual
Money factor: was quoted .0012 but could you state market rate.
In reading above it sounds like I should hold on for December?
Thanks
I've already leased the car. Below are the final numbers:
MSRP $40,603.00
Final Negotiated Price $36,101.00
Acquisition Fee $600
Tax 3%
Doc. Fee $399
Tags $69
Residual 56%
Money Factor 0.00235
36 months lease w/15k miles/year
With O money down-actually I paid for the tags and first payment, the monthly payment comes to $555.75
What do you think?
Thanx again.
MSRP - $43,359
Sales Price - $40725
Money Factor - 0.0025
Residual - $29483.44
Lease amt -$ 599 with $1599 at time of signing.
The second one was:
MSRP - I don't remember!!
Sales Price - $39250
Money Factor - 0.0025
Residual - $25581
Lease amt - $559 with $800 odd at time of signing.
Can someone tell me if I am getting ripped or should I negotiate some more...
Thanks
It's for a 2006 AWD, Premium pkg. Tx included
30Months/ 10K - 527.00 month
OOP - approx 1700. (the usually 1st month, acquistion etc..)
Also, got a quote for 548.00 for 48 month/10K.
Then got a call back and was told that "December To Remember" program was going to start right after Thksgvg and would probably get an even better deal, so I should wait, if I could. He would call me as soon as he gets those numbers.
$546/month with only fees upfront ($1604)
or
$512/month with fees $1570 and tax 1106
do you think this a good deal for 2006 330 AWD with premium plus, heated seats, rain sensing wipers, 18" wheels.
pls let me know, want to finalize tomorrow.
thanks in advance.
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Can you tell me what I could expect for a 36/12k lease on a RX 330 AWD (Sticker $44k, sale price $39k) with the new 'December to Remember' money factor and residual.
Thanks.
I know this matter does not belong here, but I could not find a real discussion about leasing a 2006 IS 250. You should consider hosting a discussion on this theme.
If you don't mind, do you happen to know what is the best interest rate, residual value and prices paid for an IS 250 RWD with a minimal package? I am interested in leasing one for 36mo/15k miles/year.
Thanx a lot.
Thanks!
I need ur help. I just leased (on paper) rx330 2006 for $589 pm for 30 months with 12k miles each year with zero payment plus first month instalment and new plate.
Residual factor is 68%. or $429 with $4800 with upfront payment. Is this a right deal or please tell how can I can maket it better. Money factor is .00250.
thx in anticipation