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2013 and earlier Lexus RX 350 / RX 450h Lease Questions
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Doesn't make sense - i was hoping for a corresponding drop to negotiate a better deal...
Maybe i should reconsider the MDX with the better money factor - would save me about $30/month - i like both cars and would not mind either one...
Car_man
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Your deal sounds great!! Which SoCal dealership did you go to?? I'm in Redondo Beach and looking for the same RX package. I'm handing over my 08 GX 470
I've was quoted $617 w/ tax with $2000 drive off.
Anyone else reading this in SoCal who got great deal, I would love to hear.
I've also been quoted $48350 MSRP, 36-mo lease, 12k miles, $2000 drive off, $680/mo incl tax:
FWD
Premium
Comfort
Towing
Nav
Premium Audio
Park Assist
This quote sounds high especially with the MF rates I've seen here.
Thanks!
AWD, Comfort Package, Premium Audio System, Nav. Package, Premium Package, Towing, Wood, Preferred Accessory package. $537/month, 36 months, 12k miles per year, $3,000 down. I don't want to put that much down though.
I reside in Los Angeles, and wanted to know which dealership provided you with this deal? Going to take my wife to the dealership to test drive the car. I am a previous owner of a Lexus ex 350. Thanks in advance for your help, and congrats on your car
RX350
MSRP 46246
Had a minivan with 2 months left on lease and Lexus loyalty.
Does anybody know the money factor for June 2011?
Thanks in advance
Cubes
please let me know which dealer you got your deal also can you give me the sales name? i got a deal for 670/month incl tax. your deal sounds really good. thank you.
So far I got 1 person who can buy with me. I hope to get more.
Email to cooperchien@yahoo.com
Furthermore, offer 1 is for a vehicle that has been with the dealer since Oct 2010 (is this usual?) and has been sitting at their garage lot for quite some time. Other than some minor scratches on the bumper, the car looked fine. The dealership initially presented the offer at list price and presented a revised offer (seen below) within minutes, and with no negotiating on our part. It felt like the dealer was trying to unload the vehicle. Is there anything we should be wary of? Clearly we're not seasoned pro's at this (having been city dwellers until recently), so I'm looking to enlist the experts and heed their advice!! Thanks!
Offer 1, FWD, Premium
$42,584 MSRP
$40,584 Offer
$2,500 Drive off
$549 per month
Offer 2, AWD, Premium
$3,200 drive off
$578 per month
RX350
36 months/10k miles. Premium package with navigation.
$550 with 4000 down payment. All tax and fees included.
I am in SoCal.
I also wandering how do you find out this information? Is it available somewhere to look it up?
Also, could someone share their recent lease info for the 2011 RX 350 AWD with 10,000 miles? Considering the MSRP is $48300 or $48600 (with and without park assist), what would be good realistic selling price?
Thanks,
D
$639/mo - $3800 down.
I know that's high but what's complicating my figuring out how good a deal is that they're also taking back our current 2009 RX350, taking care of the last 2 payments, and "forgiving" our excess milage. We're about 16000 (!) miles over our limit (my wife had a job change halfway through our lease which added about 300 miles a week to our driving).
Under the lease, we'd owe about $4000 on those miles. I prefer to get the 2011 than purchase the 2009 if we can get a fair offer.
Don't put that much down on the lease, just drive off. In case the vehicle is totaled you will not get that money back. Best bet find out the selling price of the car, speak to the General sales manager at the end of the month, tell them you will give them a 100%CSI.
Unfortunately, I am not aware of any source that provides accurate information on manufacturers' current programs to the general public.
Normally I would advise someone who was in the market for an '11 RX 350 to shoot for $500 to $1,000 over dealer invoice, but I'm not sure what the inventory situation is like for this model right now. If they are in short supply as a result of the Japanese supply disruption then one might have to pay more than that.
Car_man
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What dealership did you visit? We live in central NJ, and so far only went to Freehold Lexus - the same one that we leased out current car. I want also to try Bridgewater since they are participating in Costco Auto program.
D
I was asking where do you get money factor and residual value information. Is it published on the Lexus website?
We had a 36K lease and are approaching 52K on the odometer with 6 weeks to go on the lease. That job location change killed us! Pretty much have to stick with Lexus and hope to get a good deal to get some discount on the extra miles. We love the RX350 so no problem there - just trying to get as good a deal as possible. We "owe" about $4000 on the extra miles and not sure how much we should figure would be reasonable for them to add to whatever bottom line we can neogtiate. Clearly they can discount that $4000 but clearly we'll have to pay something above what someone else would be paying who didn't have the overage.
I get $533 a month not including Title, registration and fees. Am I correct?
What is the money factor and residual for 36mo lease, 12K miles per year?
I'm looking at a base model only and thus, I have the lowest purchase price ($40.5) I've come across on these forums. Yet, my costs ($549/mo, $2,500 walk away) do not reflect that. I must be doing something wrong with my math.
Please help!!!!!
Metrony
As per Car_man's previous post: MF = 0.00165, RV=60% for T +1
I probably could of done a little better then that, but I think it is a good deal.
Car_man
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Car_man
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Msrp. 49804
Disc 1804
Selling price 48000. I know, too much but humor me.
Dealer fee 406.70
Net down 4257.00 which in ides first payment.
Residual 59%
Payment $561.31 plus taxes.
I was under the assumption that the 59% was calculated from MSRP. That would put the residual at $29384.36 which is listed on my quote.
That would mean that the lease was based on $20419.64 ($49804.00 - $29384.36)
$20419.64 - $3288.99(net money down) = $17130.65 financed on lease.
Money factor = .00195 or 4.68% (.00195x2400)
Per the amortization schedule my payment should be $511.88/month for 36 months.
What am I missing?
So MSRP $49804-$48000=$1804.00
$17130.65-$1804.00=$15326.65 net leased price.
$15326.65 at 4.8%(.00195 money factor) = $457.98 + taxes for 36 months.
There is really no point in converting the money factor to an interest rate, then trying to calculate amortization. Leases are figured on straight line depreciation. Use the formula.
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Car_man
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Car_man
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Car_man
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I posted in the IS 250 Site regarding the same and another question. Can you visit when you can please?
Gwarren
Do you have any info on the MF and residual value for a 2011 AWD RX 350, 36 month lease (both 10k and 12k miles a year)?
Thanks,
Tim
Using these numbers, an MSRP of $48,647 and a selling price of $43,999, I estimate that this truck would have a zero down, pre-tax monthly payment of around $514.
Car_man
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The residual value for a lease with only 10,000 miles per year is 1% higher.
Car_man
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I think lexus will give you $1000 loyalty and because the used car maket (locally in LA) is lacking in good inventory your 09 may have equity.
Reducing cap cost lowers the payment but why waste the money when you can take that money and invest it.
I was able to get into an RX350 within 24 hours. I had been waiting to swap out my 08 MDX for a new Acura but the incentives weren't there and the 2012 aren't out. On the off chance that Lexus could get me in the door they made it work.
LA south bay lexus dealer
2011 rx 350 w premium package.
Unnecessary add-ons - roof rails, wood steering and ventilated seats (nice), cargo mat and wheel locks.
MSRP-$43,471
Sale price - $40050
MF .0014
10K - 3 yr - 60% residual
cap cost reduction ($1000 equity on MDX lease plus $47)
$450 Title registration
$496 first months payment
$456 before tax - $496 after tax lease
Car_man
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MSRP $49,347
Net Cap Cost $43,998
MF .00140
Lease: 36 Month
Residual: 59%
Asking for 12K miles/per year. Latest offer is $500 per/mo with $6,000 down (includes first month payment). Im in NY/NJ area.
Any help/advice would be greatly appreciated. Thanks.
MSRP $49,347
Net Cap Cost $43,998
MF .00140
Lease: 36 Month
Residual: 59%
Asking for 12K miles/per year. Latest offer is $500 per/mo with $6,000 down (includes first month payment). Im in NY/NJ area.
Any help/advice would be greatly appreciated. Thanks.
Having said that, $6,000 is way too much money to put down. I always advise consumers to put as little money down as possible when leasing. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, it's safer to go with a zero down lease.
Car_man
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$3523 down (includes first month payment)
$575 per/mo (36 months)
We then discussed buying outright rather than lease. They offered up same money down $800 per/mo for 5 years.
Does that seem reasonable knowing current rates?