Pls help evaluate these two leases. 2019 Lexus UXh and 2020 Lexus NX

nisvetnisvet Member Posts: 6
edited November 2019 in Lexus
Hello,

I got the following two offers. Both assume 0 down, all fees and taxes included. The only pmt I would make is the first month. 12,000 miles per year.

2019 UX hybrid - $399
2020 NX - $385

Are these good deals?

Thank you!

Comments

  • MichaellMichaell Moderator Posts: 251,722
    nisvet said:

    Hello,

    I got the following two offers. Both assume 0 down, all fees and taxes included. The only pmt I would make is the first month. 12,000 miles per year.

    2019 UX hybrid - $399
    2020 NX - $385

    Are these good deals?

    Thank you!

    What lease term?
    What is the MSRP?
    What is the selling price?
    What is your ZIP code?

    Without a complete picture, there isn't much feedback we can give you.

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  • nisvetnisvet Member Posts: 6
    The term for both would be 36 months.

    My zip is 02464. I don’t know the MRSP or the selling price. I understand why it would be important to know. But is it possible to see if lease pmt is a good deal without knowing the specifics? The parameters are 0 down, 36 mo, 12K per year. And the monthly pmts are as stated above.

    Thank you!!
  • MichaellMichaell Moderator Posts: 251,722
    nisvet said:

    The term for both would be 36 months.

    My zip is 02464. I don’t know the MRSP or the selling price. I understand why it would be important to know. But is it possible to see if lease pmt is a good deal without knowing the specifics? The parameters are 0 down, 36 mo, 12K per year. And the monthly pmts are as stated above.

    Thank you!!

    But is it possible to see if lease pmt is a good deal without knowing the specifics?

    Not really.

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  • nisvetnisvet Member Posts: 6
    Ok, got more info!

    MSRP 39,316
    Selling price 34,346
    12K
    27 months (possible to extend to 33 months)
    0 down
    Includes all fees, taxes
    $370
  • nisvetnisvet Member Posts: 6
    That is for 2020 NX, front wheel drive
  • MichaellMichaell Moderator Posts: 251,722
    nisvet said:

    Ok, got more info!

    MSRP 39,316
    Selling price 34,346
    12K
    27 months (possible to extend to 33 months)
    0 down
    Includes all fees, taxes
    $370

    nisvet said:

    That is for 2020 NX, front wheel drive

    27/12 - .00001 and 60%
    $3000 lease cash

    If I subtract the incentive from the selling price, I get $288/mo plus tax.

    That doesn't factor in the taxes and fees, however.

    Is that $0 down, or $0 due at signing?

    Ask the dealer for the adjusted cap cost for that quote, and the breakdown of how they got to that number from the selling price.

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  • nisvetnisvet Member Posts: 6
    Hi,

    The adjusted Cap Cost is 32,976.93.

    0 down, first month due at signing.

  • kyfdxkyfdx Moderator Posts: 252,954
    nisvet said:

    Hi,

    The adjusted Cap Cost is 32,976.93.

    0 down, first month due at signing.

    I get $349/mo+tax with that adjusted CAP.

    With 6.25% sales tax rate, that quote is right on the money.


    Seems like a really good deal.

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  • nisvetnisvet Member Posts: 6
    Thank you! I signed :).
  • kyfdxkyfdx Moderator Posts: 252,954
    nisvet said:

    Thank you! I signed :).

    Congrats!

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