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2013 and earlier Lexus RX 350 / RX 450h Lease Questions
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Thank you.
Lexus RX 350 2010, 36 mo lease @15K mi per year, need to know residual percentage and money factor.
dealership in Greenwich, CT - I reside in NY State
Thanks!
i've got excellent credit and am not very familiar with leasing formula. (know it, hate having to figure it out.)
I feel the money taken off the MSRP is gotten back on the interest rate.
My payment was roughly $600.00 per month, but they wanted $5,000.00 down, plus 1st payment.
The money factor is killing the deal for me, for when I saw Lexus's money factor at 4% or less 2 months ago, I just cant bring myself to do it.
Car Man, any way Lexus Dealerships can lower the money factor?
Car_man
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Car_man
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Car_man
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What is a good deal on this car?
Go to overstock.com first to get the lowest price in SoCal - they should either match or beat it, although they don't participate in the overstock program. If you're buying from out of state AVOID Lexus of Santa Monica - you're just wasting time with them, even if they post the lowest price on overstock. They refuse to do business with or take seriously out of state buyers, and they can get quite nasty about it too.
Thanks
Its current 36 month, 12,000 mile per year residual value for a 2010 RX 350 AWD without the entertainment system is 59%.
If you can get one for dealer invoice, you should be very happy.
Car_man
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Can you give me the name of the dealership where you got this quote from, so i can try and work the same deal?
I got this deal at Beverly Hills Lexus last month. Would have been even lower, however I had no similar purchase on my credit report-although it was tier1.
Good luck.
2010 RX350 FWD + NAV + Premium Plus package
Through LFS, 48months/40K Miles
$5000 down (cap cost is $3K+ first month+title+etc)
$499/month INCLUDING taxes.
It was important for me to keep the monthly to $499, so I put down $5K. Also note these numbers include taxes for LOS ANGELES County.
What do you think? Thanks.
Just wondering....
I am looking to buy a 2010 RX 350, but I'll probably put enough down payment + my trade-in cost to get it below $400 (60 months)
Car_man
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So the questions are:
1. Is it a good deal?
2. How to handle transaction? The Bank or dealer? Is it going cost for paperwork?
3. If this person (hypothetically) attempts to terminate lease this early how much (approximately) it is going cost him? How much would they charge him for the full year of miles allowance he already used?
4. If I take over the payment, should I do just that or should I ask him to give me additional money close to what the early termination fee + high mileage would be?
Monthly Lease : $740 for 36 Months - 12K miles/year ( No extra down payment)
Is it a good deal? how much shall it be?
MSRP 47,325
Selling price: 43,995
Downpayment: 4,400 (taxes, first payment, etc).
48 mo lease, 12K, 629/mo
thanks,
Do you know if Lexus still offers the $5000 dealer cash on the 2009 RX 350 (Iease)?
Any other current lease incentives?
thanks
Now the lease deal what i have got is:-
RX 350 2010 ( Nav System, Comfort Package, Premium Package)
MSRP: $45700 (approx)
Term: 36 Months, 12 K a year, No down payment (Just the First months and usual= $1300)
Monthly lease: $660.00 (Including Taxes). Is it a good deal? how much shall it be?
Thanks in advance.
TheNeoCity (Georgia)
Now the lease deal what i have got is:-
RX 350 2010 ( Nav System, Comfort Package, Premium Package)
MSRP: $45700 (approx)
Term: 36 Months, 12 K a year, No down payment (Just the First months and usual= $1300)
Monthly lease: $660.00 (Including Taxes). Is it a good deal? how much shall it be?
Thanks in advance.
TheNeoCity (Georgia)
Thanks!
Looking at getting a 2010 RX 350 AWD in the next couple of weeks. The dealer I went to said there is a new leasing special on the 2010 RX 350. Do you have any details?
Can you give me the details (resid/MF) for a 2010 AWD with Nav, Premium, Comfort, Wood and Towing. MSRP is $46,593. Looking at a 36 mo lease with 12k miles per year.
Thanks.
Have you heard if Lexus is looking to offer any lease incentive on the 2010 RX 350 AWD. Looking for it with Nav and premium. Have offer of 12,000 miles per year, just first month, DMV and acquisition - total about $1565 to get into vehicle and lease of $663.25. MSRP is about $45,600 I believe.
Can you believe that I have a 2007 ES350 coming off lease on 7/6/09 which misses qualification for leave forgiveness program which just started because it is for leases that terminate from 8/1/09 through 11/30/09. Any thoughts? Dealer said there is not enough in deal for they to pick up my last month of $608 on my ES. They are holding car for a month so I can pay my last month on the ES.
Car_man
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Most banks that lease vehicles to consumers charge an acquisition fee at lease signing. There's no way to avoid paying this fee. You can either pay it at lease signing or roll it into your vehicle's monthly payment by adding it to the capitalized cost. The last time that I checked, LFS' base acquisition fee was only $600. This means that it has recently raised this fee or that the dealer is marking up the base fee and trying to slip an additional $100 in profit into your deal (probably the latter).
Car_man
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Looking at your username, ctsoxfan2, for now I will assume that you are in Lexus' Eastern region. Even though I am a Yankee fan, I will help you out :P . According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 RX 350 AWD without the entertainment system with 12,000 miles per year are .00275 and 59%, respectively for consumers who qualify for its top aka Tier 1+ credit tier.
Lexus is enhancing this model's money factor to .00215 for loyal customers.
Car_man
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sorry that you miss the cutoff for the early termination program by a month. That is annoying. You can always call LFS to see if they will be willing to work with you, but chances are that you're stuck.
Car_man
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Where were you three weeks ago when we bought our 2010 RX350???
I need some advice on how to handle our signed deal...
MSRP: 47,200
Negotiated price: 43,312
MF: .00258
MF after 9 MSDs (.00072) : .00183
After Acquisition, and other fees, the monthly ended up being $565 a month.
I thought we were getting a fair deal here, and thought we were quoted a fair money factor, as it was close to LFS's money factor for April. I specifically asked what LFS's money factor for May was, and if there were any loyalty discounts. They told us that they were using tier 1+ MF, the only loyalty discount was to get .25% off of financing (not leasing) a car.
When we were about to sign the contract, the finance person said "I can give you a Simonize warranty without lowering your monthly payment." I previously rejected Simonize as I don't believe it's a good product (interior/exterior warranty). He went on to tack on the Simonize cost ($925) and LOWER my money factor to .00143, leaving the payments roughly the same. I went through with the deal.
Now reading your post on how there is a special money factor of .00215 for Lexus loyalty, and that .00215 minus my .00072 (in MSDs) = .00143 (which is what I ended up with), I feel that the finance person lied to me about the rate I qualified for, and ultimately cost me an additional $925 for a product that I didn't want.
I know I signed the deal, and am happy with the car, and I know that overall it is not a bad deal for an RX350 2010. I am just not happy at being lied to about the MF by the Lexus finance person.
Q1: Do you think I should send a letter to Lexus corporate, our salesperson, finance manager, or dealership owner about being lied to about the money factor? Or post negative responses to consumer review websites? Ding the salesperson on the satisfaction survey (it wasn't his fault)? Or do you think I should just let it go?
Q: Other than posting here to ask for current lease rates, where can we get up to date accurate lease rates -- I'd been looking for May lease rates on the RX350 for 3 weeks, with no success!
Thanks for the advice!
Looking at all of the numbers, it looks like $42,000 is a reasonable price for the dealer to sell this car at. LeaseCompare puts this at the selling price with the above mentioned options. The dealer we looked at yesterday insisted they couldn't come off MSRP.
We are looking to lease @ 12k miles for 36 - 39 months. I understand the residual is 59% and money factor is (.00275, which is high in my opinion). If only we could find a dealer that would take a reasonable profit on this truck, we would have a deal.
Any tips on how to get through to a dealer on this?