Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
2013 and earlier Lexus RX 350 / RX 450h Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
car. When would financing be a better option? I don't think anyone would prefer to
pay interest on anything when they have the cash to pay for it. That doesn't even sound logical in my humble opinion.
You said...
"I don't think anyone would prefer to pay interest on anything when they have the cash to pay for it. That doesn't even sound logical in my humble opinion."
Let me answer your question with a question. Suppose you could finance a car at an interest rate of 1.5% and that you have the opportunity to invest your cash in a riskless investment yielding an after tax rate of return of 3.0%. Would it be financially prudent to pay cash for the car, which is a depreciating asset, and forego the opportunity to earn 3.0% after taxes on your cash? Or, would you be better off investing your cash at 3.0% after taxes and financing your car at 1.5%?
The decision is really no different than asking which credit card debt should I payoff first...
A credit card with an APR of 24% or a credit card with an APR of 18%?
Hope this helps.
John
Do you have the MFs and Residuals for the 2010 FWD RX350 & 2010 AWD RX350 -
12K/36
12K/48
15K/36
15K/48
Are these numbers significantly different on a 2011? Thanks so much for your help!!!!
Which option packages did you get with your RX beside NAV?
did you get the premium and/or comfort package too?
The first quotes I received were:
Premium Package - $655/month
Navigation Package - $715/month
Luxury Package - $758/month
Those quotes seem high based on what I've read on this forum. We live in Houston so we have several dealerships to work with. Any advice on how to get a better deal?
I had to look at the sticker that came with my car, but YES, it has both.....
The numbers for an otherwise identical lease of a 2010 RX450h AWD are .00150 and 48%.
I don't believe that Lexus is currently providing any cash incentives on either of these models.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of an AWD model are exactly the same.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Lexus Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2010 RX350 FWD with 15,000 miles per year are .00175 and 55%, respectively.
The numbers for an otherwise identical 48 month lease are .00175 and 46%.
If you were to lease with only 12,000 miles per year, the above residual values would be 2% higher.
The numbers for the AWD model are exactly the same.
I haven't seen anything on the '11 RX yet, but I'll ask around to see if anything is out.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I see the 2010 RX350 FWD with 15K is at .00175 and 55% residual, can you please tell me that same information for a 2010 RX450h?
Thanks so much!!
First thanks for providing all this info.
Could you give me the money factors and residuals on an AWD RX350 w/ 36mo/10K miles?
Thanks.
The buyout price is pretty good If I compare it with dealer's 2008 comparable prices. But I've paid almost $25000 for the past 39 months ($627/mon, of which $493 goes toward paying down the purchase price and $134 is the rent charge). It doesn't seem to be so good if I look at the total price for the car. I could get about $6500 discount off a new 2010 RX. The good thing with 2008 is it has no problems so far. 2010 cars seem to have some issues (bumper popping off, navigation...) since it's a redesign. And I seem to get lemon cars quite often.
Another question is: Should I buy the extended warranties? Based on my past unlucky car experiences, I always buy extra warranties. But my friends who own Japanese cars don't feel the need to. My current warranty will expire next July. One dealer told me it's extra 3 years after my current one expires. Another dealer told me it's extra 3 years from the buyout date, which means I only get extra 2 years and 3 months out of the warranty. Would someone know whose information is correct?
I'd appreciate anyone's opinion. Thanks.
Lexus Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2010 RX450h AWD without the entertainment system with 15,000 miles per year are .00210 and 56%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
When negotiating your lease on this truck, make sure to take advantage of the $2,000 dealer cash that is currently available on it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Lexus Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2010 RX350 AWD with 10,000 miles per year are .00210 and 57%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I'm going to lease a 2010 RX 450h for my wife. Got offers on the price $3000 below sticker (primarily due to $2000 incentive). However, now that I'm getting into the Lease details, I'm being told that the Residual value is lower on the 2010s (which makes sense) and the money factor is significantly higher (which doesn't make sense). I'm being told that I'm better off with a 2011. If the above re: both residual value and money factor is accurate, that may not be right, but at not that far off.
Thoughts on the matter? (top tier credit, etc...) What the difference now in residual value and MF between the 2010 and 2011? Also, no reason I can't apply the $2000 incentive to either one?
Thanks!
Is it safe to assume that this is the case regardless of the options included?
Thx.
My sister-in-law ended up buying my 2007 RX for the agreed-upon buyout. I think she got a great deal. And while I'm enjoying the tech features on the 2010 RX, I think I like the ride better on the '07 RX. The new one is a little more bouncy on the highway; at idle, it's louder than the '07 RX at idle, and not to mention I'm not getting as good of gas mileage compared to the '07. Also, I don't know if this bugs anybody else, but when I pull into a parking spot or pull into my driveway, if I don't fiddle around with rotating the steering wheel back to the upright position, it usually ends up in the upside down position. And this occurs even if you've turned the wheels only slightly. It drives me crazy! I don't know if this is because of the 19 inch wheels or because it has electronic power steering instead of whatever the '07 had(I think it was a speed sensitive-type power steering) I'm not a fan of the electronic power steering.
Anyway, my sister-in-law is happy with the '07 RX. At least my 2010 is looking cool with the chrome wheels! :shades:
By the way, my sister-in-law ended up purchasing a 2 year/100,000 mile warranty just for peace of mind. While she may never have a problem in those two years, if she does, the RX can be expensive to fix.
The $2,000 dealer cash is only available on leftover 2010 models, not 2011s.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
quoted MSRP of 50,485 sale price of 44,210 with 1,000 BMW coupon
They claim this promo is over 11/1/10
I've extended my lease on the X3 until 12/17 and want to know if the Lexus deals will get better after 11/1 or will this be their best deal.
I am Leasing lexus RX 350 AWD 2010 with premium, comfort and navigation package, demo vehicle used by dealer with 5300 miles on it, msrp 48500, 12000 miles/year x 3 years, offer is $ 610/month including 6 % sales tax, 1800 due at signing(including first month payment, Title, registration, and aquisition fees). Is this a good deal ? Please advise. Thanks
Premium Pkg, Comfort Pkg, Nav, Towing Prep, Parking Assist, Remote Start etc
MSRP - 48586
Sale price - 42586 - 6k off
Additional $1000 Lexus Conquest discount for coming off a Cadillac lease in the last 90 days
36 months 12k/year
Residual - 56%
MF - 0.0013
$4500 refundable security deposit got another $35 off lease payment (not sure of the specifics)
$1700 nonrefundable out of pocket - (1st month + lease acq of 800 + doc fee 190 +new plates)
Final monthly payment $485 including 6% MI tax. I hope I did good.
Thanks a lot to this forum.
I am Leasing lexus RX 350 AWD 2010 with premium, comfort and navigation package, demo vehicle used by dealer with 5300 miles on it, msrp 48500, 12000 miles/year x 3 years, offer is $ 610/month including 6 % sales tax, 1800 due at signing(including first month payment, Title, registration, and aquisition fees). Is this a good deal ? Please advise. Thanks
i'm interested in 36 mo/12k but is there a time of year the #'s in general will be available?
thank you!
Also, not directly related, but can anyone figure out or point to a site to figure out what hybrid colors are actually available? The Lexus site says not all 2011 colors are displayed and the dealer doesn't know anything different.
I just leased an RX 350, AWD, 2010, premium package with navigation. MSRP slightly under ~$49000. With 15k miles/yr, with $1910 drive off and $541/month including tax.
Did I do good?
thanks.
Let us know and I'm sure that either myself or another helpful community member will gladly tell you what they think.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 39 month lease are .00210 and 53%.
When negotiating your deal on this truck, make sure to take advantage of the $2,000 dealer cash that is currently available on it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 48 month lease are .00210 and 44%.
If you were to lease this truck with only 12,000 miles per year, its residual values would be 2% higher.
When negotiating your deal, make sure to take advantage of the $2,000 dealer cash that is currently available on this model.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of a 2011 model are .00210 and 50%.
There's $2,000 dealer cash on the 2010 model, but none on the 2011 model.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I live in the Northwest and am new to the forum. We are in the market for a new rx450h and was wondering if you heard about any lease deals with the "December to Remember" event?
RX 350 AWD Base $39,375
Comfort Pkg.: $1,950
Cargo Spider Net: $49
12-Spker Prem Audio Sys: $110
Navigation: $2,465
Intuitive Parking: $500
Premium Pkg: $2,400
Towing Prep Pkg: $238
Remote Start: $375
Wood & Leather Steering: $330
Accy Pkg: $242
Paint Protect: $429
Cross Bars: $259
---Total Options: $9,347
Delivery: $875
Total MSRP: $49,597
Sales Price: $46,199.82
Money Factor: .00150
3yr Residual: 57%
36 mth lease with 15k miles/yr
Mthly Payment Base: $609.75
Mthly Sales Tax: $36.59
Total Payment: $646.34
Having trouble right now coming up with the same numbers the dealer did. Wanted to know if the money factor and residual values I have are correct for this month. What do you think about the sales price of the car? Should I be able to get it lower? They sales person also mentioned a lease acquisition fee for $700 and a doc fee of $190. Wondering if those sound right or if I should haggle them down.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
In addition to that, Lexus is providing a $1,000 cash incentive to current owners of competitive luxury vehicles.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Could you please advise me the current money factor and residual on the 2010 and 2011 RX350 AWD with the following terms? With the $2000 incentives on the 2010 model, I am trying to do the math and see whether it's better to lease a 10 or 11. Thanks very much!
24 months / 20,000 miles
36 months / 30,000 miles
Btw, based on what I've read in the forum so far, I assume the same MF & residual applied to FWD model as well, right?
Thanks again!
i-SpY
To expand on i-Spy's inquiry, could you also list the residuals and MF for 2011 AWD RX350 for 48 months with 12,000 miles?
Mahalo