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2013 and earlier Lexus RX 350 / RX 450h Lease Questions
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Car_man
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Car_man
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Car_man
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What are the MF and residual %'s for the RX400h? Are they different for the FWD and the AWD? Do they residulizing everything or not on some of the options like they do on the HiHy? Looking at figures for the 36mo/36000mi and the 36mo/45000 lease. Thanks.
Car_man
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Do you have the latest Lexus RX350 lease info (money factors and residuals)? Looking for data on 2007 Lexus RX350-AWD, both with Navigation (MSRP=46583) and non-Navigation (MSRP=43933). Lease term will be 36 months and either 12k miles or 15k miles, leased in the state of Maryland. Thanks for your help.
md_outback
Please provide the money factor and residual for a RX 350 AWD (with premium plus and heated seats/rain sensing wipers) for a 36 mos, 15k miles in the state of MD with Tier 1 credit and a current Lexus financial customer. What would be the pre & post tax payment with $0 down (as you always suggest) for a vehicle with a MSRP $43,120 and a selling price of $38,423. I have seen the following lease special:
$429 / mo [1]
36 months - $3,529 Due at Lease Signing
Includes 1st mo. payment, acquisition fee and cap.
cost reduction. Excludes applicable taxes & fees. Good thru 6/30/06.
As you always say the specials leave some meat on the bone and I am curious how much meat there actually is?
Thanks in advance for your valuable service provided to everyone!
Please provide the money factor and residual for a RX 350 AWD (with premium plus and heated seats/rain sensing wipers) for a 36 mos, 15k miles in the state of MD (5% sales tax) with Tier 1 + credit and a current Lexus financial customer. What would be the pre & post tax payment with $0 down (as you always suggest) for a vehicle with a MSRP $43,120 and a selling price of $38,423. I have seen the following lease special:
$429 / mo [1]
36 months - $3,529 Due at Lease Signing
Includes 1st mo. payment, acquisition fee and cap.
cost reduction. Excludes applicable taxes & fees. Good thru 6/30/06.
As you always say the specials leave some meat on the bone and I am curious how much meat there actually is?
Thanks in advance for your valuable service provided to everyone!
I have been quoted the following for a Non Nav AWD RX 350:
MSRP- $43, 933
Invoice - $39,500
Residual - $24,141 (55%)
Money Factor - .00175
17k miles
$0 money down.
$623 a month payment for 36 months
Does this look like a good deal? How would multiple security deposits affect the money factor or monthly fee. Additionally I am current LFS Tier 1+ customer, would this help? Please lend me your thoughts.
Thanks
Wantmb
I did a reverse calculation, it seems MF is almost 0. Just doesn't make any sense. Please comment if you know. Thx.
Car_man
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Using the special Eastern region program, an MSRP of $43,120, and a selling price of $38,423, I estimate that this truck's zero down, pre-tax monthly payment should be around $492.
Let me know if you have any other questions.
Car_man
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Car_man
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Thanks for the update. We actually pulled trigger on MB but decided to purchase. We are deciding between leasing RX (not sure if we want a small SUV-wifes choice)or my suggestion of purchasing a Acura TL or actually waiting for new Infiniti G35 in the fall. Decisions, decisions. I did receive a RX lease (MSRP $43,933 - selling price of $39,500) offer for 36 mos 17k miles money factor .00170, 55% residual, zero down after tax quote of $623 which I feel matches your comments and is a fair offer. Your thoughts would be appreciated, what do you think about the price and my vehicle/wife dilemma?
As always thanks for your service!
I'm considering leasing for the first time and saw your post of the June lease rates for the RX350. My local dealer in Southern CA offered a 36mo/36,000miles lease with a MF of .00198, price=38,687 (including the rear entertainment in each headrest added at the dealership/not entertainment package) and a residual of 24,576.34 . Are there different money factors for the RX350 in Southern California? The MF I saw posted here on Edmunds was .00125 . Thank you for any help you can provide.
MSRP: 45,023 (includes 695 delivery and processing fee)
Gross Cap: 39,911
Residual: 23,862.88
Money Factor: .00145
36 months
18,000 miles/yr
$0 Money Down
Tier 1 Credit
After-tax Monthly Payment: $582.66
I think this was a great deal considering im in Southern California. Could've gone even lower but I'm satisfied. Plus, got to return a leased GS300 six months early with remaining payments waived. Still fiddling with the Nav and buttons and everything, but I'm loving it so far. I read the posts in this forum diligently and it definitely helped throughout the research process. So, returning the favor and maybe someone else may find it useful. Thanks Edmunds and Inside Line and everyone else on this board!
Any feedback on these figures will be greatly appreciated.
Leased at Longo in El Monte. I also emailed several other dealerships and I mostly got .00145 or .00155 but nothing over that. I've seen as low as .00125 on this board though. Pulled the trigger yesterday since the bump in interest rates got me scared for next months factors. Plus it was near the end of the month so I figured what the heck.
I'd appreciate your thoughts on this deal:
AWD & Premium Plus (but no NAV):
MSRP 43933
GROSS CAP 39405
20,000 miles (I will definitely use these miles)
36 months
$4567 ($down incldg cap cost, tax, 1st month, fees, etc)
To bring the monthly payment to $500/month :confuse:
I know it's a lot down, but I sold my old car that gave me the extra cash.
Car_man
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Lexus' new July buy rate lease money factor and residual value for a 36 month lease of a 2006 RX 350 AWD with the rear entertainment system and with 12,000 miles per year are .00145 and 57%, respectively for consumers who qualify for its Tier I+ credit tier. Make sure to negotiate an attractive selling price on this truck (this should not be a problem in a competitive market like Southern CA) and that the dealer you get your truck from uses its buy rate lease money factor to calculate its monthly payment.
Car_man
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Car_man
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Term- 36 months Miles- 12k
Residual-$24,959
Based on Tier 1+ credit approval
Selling Price- $39,723
Cap Cost Reduction - $2,500
Sec. Dep. (Waived) - $0
Acq. Fee - $600
Total Drive Off - $3,549
The above pricing does not include registration, doc fees or taxes.
On a follow-up the sales guy noted the Money factor was .00175 and the total drive off - which I take to be incld taxes fees, etc, is more like $4137, and the Lease payment with tax is $479 ($449 without).
I can't make those numbers work in the lease calculator - it keeps spitting out a higher lease payment than I am quoted. Also, the residual seems high at 62%. I know the cap cost reduction is high, and according to your last post the MFs can be as low as .00145 this month. I feel like I am missing something. Is this a dog with fleas, a dog, or a show dog lease?
Thanks!
Confused
It was very difficult to find a black Lexus RX 350 with Premium/Mark Levinson/black interior/AWD when the time came to lease. I really wanted the black interior but could not find it anywhere in the state. So I gave up on the black interior and the AWD.
MSRP: $48,243
Cap Cost: 42,450
Aquisition: 600
Residual: 26039 (54%)
MF: .00151
Fees (DMV): 394
Love the car! Hope this helps someone else. It's confusing with the reductions in the packages, etc... So Carman, how'd I do?
I plan to buy the vehicle at the end of the 3 years for the $26K and keep it for a year, until the warranty gives up. I get free car washes the whole time I have the car, 1st service free, and free shuttles to the airport. I'm happy It's the nicest car I've ever had.
Please, share the residual and MF on a 36 month, 12K/year RX350 lease program. (No Navigation, Northern California).
I wonder why is the 48 month lease term not as popular? What would be the residual in this case?
Thank you.
My husband and I are thinging about the Rx400h, but I am having a hard time making the decision to pay such a huge premium for a vehicle. If I am calculating correctly, it will cost me nearly $300 more per month to lease a 2006 RX400h than a 2007 RX350. Are my calculations correct?
Thanx
Car_man
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Car_man
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Car_man
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If you were to lease a 2007 Lexus RX 350 AWD without navigation through Lexus Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00175 and 59%, respectively. Just in case you are interested, the numbers for an otherwise identical 48 month lease of this truck are .00175 and 50%.
Car_man
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Car_man
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My monthly payment is $639 with zero down (just DMV & 1st month). I have the NAV, Mark Levinson, 2WD, RES (had to get that...darn!...18" alloy wheels and heated seats).
Thank you for all of your terrific info. :shades:
Does anyone have the Money Factor / Residual details that Lexus is offering during the "Golden Opportunity Sales Event."? This is what I got from a NJ dealer yesterday, but I wanted to know more details like MF & Residual etc, so that if I negotiate on the final price, I know the rest of the calculation is correct.
RX350 - 2007
Base Model with Standard Premium Package, Destination Charge + 2-3 small standard additions (All cars come with these - per the SalesMan) -
MSRP -> 43033
Sale Price (till Sept 4th) -> 39723
12K per year
2500 Capital Cost Reduction
1767 Inception Fee - Including 1st Month Fee
$449 per month + TAX.
Based on the TMV price on Edmunds, I am okay with 39723 Sale Price, but I would like not to pay 2500 Capital Cost reduction, and thus would like to know the factors / numbers used to recalculate if I don't want to pay that price.
Also, is the inception fee standard or can I negotiate in any of these fees:
Total 1767 - I don't know how it breaks up, because the sum does not match, but this is what they gave me:
Bank Fee -> 600
MV -> 360
Window Wetch -> 169
Documentation Fee -> 199
Credit Check -> 15
Tire Tax -> 7.80
Some other local tax -> 8.30
Thanks for your time.
mainly because it has better flexibility and I
felt it had the best power of the three.
I was given a figure for a monthly lease payment of around $540 per month based on
$3000 total put down. This would include the
inceptions and a small cap cost( I'm guessing
of around 1500 to 1700.) But I need 15k a
year; and, thus they're coming up with the
$540 instead of $520.
Are you saying they want you to put $2500 down
plus the inception fees? That would make your
total down payment of over $4267. Of course,
that would explain the low monthly down payment.
In our local newspaper here in the Tampa Bay
area, Lexus is advertising a monthly lease
payment of $458/month with $3999 down for
48 months, 12k a year.
Incidentally, my lease offer is for 48 months
also. How long is your lease offer for?
I really hate to have to put anything down over
and above the inceptions fees. But then I'd
probably be talking about a monthly payment of
over $600 on a model that only has the premium
package. I was also surprised at how much the monthly payment jumps to get a 15k/year lease!
I forgot to add though that your vehicle may have a few more options than the one I'm looking at because my vehicle's MSRP is around
$40,000 and the selling price is $37,000 and
some change. So yours might sound a little better. It sounds like you might be getting
the premium plus instead of just the premium
model???
It may be Premium Plus. I did not go in details because I visited two dealerships and they both said that this is something which comes prebuilt in NorthEast, i.e. the only two options I have is Navigation & No Navigation. The NoNavigation is 43033 sticker (AWD) and Navigation is an extra 2600.
As far as the lease, I don't think that I will pay the 2500 down. I will adjust it in my lease payments. The total cost that the dealers are asking beyond the sale price is between 900-1300 in NJ. This includes 600 Bank Fee, which some has mentioned as Acquisition Fee in other forums (non lexus and lexus). Th ethink the 199 documentation fee is something which I won't like to pay, but I would rather negotiate on base price.
Based on information I have so far, here is the Golden Sales Event in NJ -> I may be wrong so wait for Car Man to confirm:
MF = .00175
Residual =
58% (36 month 12K/year)
56% (36 month 15K/year)
49% (48 month 12K/year)
47% (48 month 15K/year)
Remember to calculate the residual on MSRP (sticker price).
UpTo 9 MSDs are allowed which can bring down the MF by 85 to 90 points, i.e. .00090.
Now using these numbers you can calculate your numbers.
Thanks
sdani
The dealer and I finalized the MSRP (the options),color, and the payment that I was looking for over the phone. I had a higher MF and a higher residual in my calculations. The fact that the MF and residual % were lower at the signing didn't make much difference to me. I figured that at least I'd have a lower purchase price in three years if I decide to buy.
Since we agreed on the phone, I don't plan to ask the dealer this question. Isn't the residual set by Lexus itself? Why would I get a 54% residual, instead of the 56% that Lexus set?
MSRP: 45,683.00 Gross Cap Cost: 40,431.00
Residual val: 57%
15K miles/year
$455.00 /mo for 36 mo
Out of pocket:
Taxes upfront: 1202.00
Doc fee: 199.00
Bank fee: 600.00
DMV: 270.00
Tire: 7.30
First mo: 455.00
9 MSDs: 4275.00
---------------
Total: 7009.00
Disp fee at end: 0
My wife is considering trading in her 2003 RX300 lease (8 months remaining at $505) for a 2007 RX350- AWD, Premium Nav package. Here's the deal MSRP- $45683, Sale Price- $40,748, $1651.94 down and $613.75 (tax included) for a 3yr, 12K mile lease. On a 4yr, 12K lease- they are offering $1616 down and $578 (tax included).
What's your take? Should we take the deal or pay off the lease as scheduled? thanks in advance for your assistance!
What info can you give me that I will need to make sure I get the correct(best) lease deal on this car with 15k miles? Thanks in advance
My 2002 Maxima was totaled out from a wreck I
was involved in almost a month ago.
My saleswoman kept reiterating to me that if
you are a current Lexus customer, that Lexus
is very generous in waiving remaining payments
on existing leases in order to get their
customers into new leases. I don't know how
much they would waive, or maybe since Lexus
vehicles don't depreciate much, then you could
get them to buy your car and see if you come
out ahead that way.
You might want to inquire about this at your
local dealer. Good Luck. The RX350 is a
fantastic car!
I leased an RX350 last weekend. The residual was off by one percent (58 instead of 59), but I figured that it must have been adjusted by LFS.
Anyway - for those still on the market I hope the details of my deal will be helpful:
RX350 AWD, P+, 18", Heated Seats
3 Years, 36K Miles Lease
MSRP: $43,033
Selling Price: $38,000
Acquisition Fee: $600
9 Sec Deposits: $4500
Driveoff: $830
Monthly Payment: $469 (including tax)
MSRP $44,123
Sell Price $38,764
36 month lease term
15K miles per yr.
Total due at lease signing $1,560.77
(includes 1st payment, DMV and $600 bank-fee)
Residual (55%) $24,267.65
Money Factor .001750 (w/ No Security Deposit)
Mo Payment incl. 8.25% Tax $555.31
I have a question on the money factor during the Golden Opportunity event. I've seen .00175 and .00145 on this discussion board. Can you tell me what the latest rate is?
Also, what does MSD mean?
Thanks for the help.