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Lease 2024 Lexus NX 350

Jacksonh76Jacksonh76 Member Posts: 6
edited February 28 in Lexus


Can you please tell me if this is a good lease . I’m looking for 36/12 with no money down . From my understanding the payment should be around 1.3 percent of MSRP. So this seems high. How do I find out the residual value and what MF I should expect with 680 credit score . Located in KY zip code 40502

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    MichaellMichaell Moderator Posts: 241,316



    Can you please tell me if this is a good lease . I’m looking for 36/12 with no money down . From my understanding the payment should be around 1.3 percent of MSRP. So this seems high. How do I find out the residual value and what MF I should expect with 680 credit score .

    What is your location?

    I don't see the lease acquisition fee anywhere on that document (it's different from the doc fee).

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    Jacksonh76Jacksonh76 Member Posts: 6

    I am located in Lexington KY . Zip code 40502

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    MichaellMichaell Moderator Posts: 241,316

    I am located in Lexington KY . Zip code 40502

    .00270 MF
    67% RV for 27/10
    61% RV for 36/10
    $1000 incentive

    With the prices given, I get $601/mo plus tax for 36/10.

    Ask them for the following information:
    1. Adjusted cap cost - the selling price plus any taxes or fees you aren't paying up front
    2. The money factor they are using for the quote - the dealer is allowed to mark it up

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    Jacksonh76Jacksonh76 Member Posts: 6

    Thank you! This is my first time considering a lease option . Confusing and financially want to make sure I am getting a decent offer . I appreciate your help .

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    MichaellMichaell Moderator Posts: 241,316

    Thank you! This is my first time considering a lease option . Confusing and financially want to make sure I am getting a decent offer . I appreciate your help .

    Read here for more information about leasing:

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

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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    Jacksonh76Jacksonh76 Member Posts: 6
    edited February 29

    This is what they are offering on 36/12, and 36/15

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    Jacksonh76Jacksonh76 Member Posts: 6


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    Jacksonh76Jacksonh76 Member Posts: 6

    Since I am using Toyota employee discount , The special rate of .270 cannot be combined with what Toyota sets as their rate for employee purchase (.00335) Payments include monthly usage tax 6%, acquisition fee from Lexus $795, and dealer documentation of $699. Cap cost is $46,765.97 on 12k miles

    Cap cost is $46,793.23 on 15k miles

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    kyfdxkyfdx Moderator Posts: 237,185

    Since I am using Toyota employee discount , The special rate of .270 cannot be combined with what Toyota sets as their rate for employee purchase (.00335) Payments include monthly usage tax 6%, acquisition fee from Lexus $795, and dealer documentation of $699. Cap cost is $46,765.97 on 12k miles

    Cap cost is $46,793.23 on 15k miles

    I don't know enough about employee deals to know if the thing about the money factor is true.
    Does that mean you aren't eligible for the $1000 lease cash, either?

    On the CAP cost: Is that with ZERO due at signing?
    If so, then the calculations are correct ($752/mo. for 36/12)

    Looks like a big discount, but if that's the deal for employees, I feel sorry for those who walk off the street.

    On another note, I've spent a lot of time in 40502. Lived there from age 5-13, and I've had a relative in that ZIP for the last 65 years. Not anymore, last one passed away in 2022. :)

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