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2013 and earlier Lexus RX 350 / RX 450h Lease Questions
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What is the lease rate and residual for an '08 RX400 FWD, 36 month lease, 10,000 miles/year? Is there a standard acquisition fee, and if so, how much?
Thanks!!
I am most interested in the GS.
WHAT IS THE BEST FOLLOWING:
RESIDUAL?
TOTAL MONEY DOWN?
MONEY FACTOR?
TOTAL MONTHLY PAYMENT?
TOTAL END BUYOUT?
FOR 36 OR 27 MONTHS
WITH 10-12000 MILES PER YR ETC
IF YOU HAVE A REFERRAL OR GREAT DEAL FTOM SOMEONE PLEASE LET ME KNOW
FOR THE NEW LEXUS RX 350 FULLY FULLY
LOADED WITH NAVI
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
You should be able to get a good idea of how much you should pay for the RX 350 that you want by checking out the "Lexus RX 350 Prices Paid and Buying Experience" discussion. If I was in the market for this truck right now and I was in an area that had a good level of competition, I personally would shoot for a selling price of around $500 over invoice.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
As far as this vehicle's lease program goes, Lexus recently introduced its December to Remember sales event. Lexus Financial Services' new 48 month, 15,000 mile per year buy rate lease money factor and residual value for a 48 month lease of a 2008 RX 350 AWD without the entertainment system with 15,000 miles per year are .00155 and 44%, respectively for consumers who qualify for its Tier 1+ credit tier. If you haven't leased yet, make sure that the dealer you are working with uses this money factor to calculate your monthly payment.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Does anyone know the money factor and cap cost reduction on the 1-pay lease - for RX350 - w/premium plus package - I was being offered one with .00095 MF and 54% residual - for a 12K/36 mon lease
Thanks in advance.
by the way, does the premium plus w/navi also have back-up camera?
Thanks!!!!
As far as the money factor goes, Lexus just enhanced its lease program on the RX 350 as part of its annual December to Remember sales event. Its buy rate for it is now .00155 for consumers who qualify for its Tier 1+ credit tier. This is obviously a lot lower than the .00245 that you were quoted. Make sure that the dealer you are working with uses the new buy rate to calculate your monthly payment,
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
If you are in an area that has a high level of competition, I suspect that you should easily be able to do $500 to $1,000 over the dealer invoice prices that are listed here at Edmunds.com on these trucks. In areas that have less competition, you may have to pay a little more than that. Make sure to stop by the "Lexus RX 350 Prices Paid and Buying Experience" and "Lexus RX 400h Prices Paid and Buying Experience" discussions to see how much other community members have paid for these trucks lately.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
As far as how much you should pay for these trucks goes, if you are in an area that has a high level of competition, I suspect that you should easily be able to do $500 to $1,000 over the dealer invoice prices that are listed here at Edmunds.com on these trucks. In areas that have less competition, you may have to pay a little more than that. Make sure to stop by the "Lexus RX 350 Prices Paid and Buying Experience" and "Lexus RX 400h Prices Paid and Buying Experience" discussions to see how much other community members have paid for these trucks lately.
I haven't crunched the numbers, but I suspect that a 48 month lease of either of these models would have a lower monthly payment than a 36 month lease would.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Let's take a look at the selling price that you were quoted. You are being given a $3,468 discount on this truck. It probably has a spread of around $5,000 between its full MSRP and its dealer invoice price. If so, then the price that you were quoted is around $1,500 over invoice. That isn't bad, but if you are in an area that has a high level of competition I would not be surprised if you would be able to beat it by a little bit and do $500 to $1,000 over. Make sure to stop by the "Lexus RX 350 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar trucks lately.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I really need your help. I posted once before & got no response, so I decided to send this to you personally hoping you would respond. I live in Alabama and have 3 options of dealerships in the State. I most recently got a quote on the 2008 RX 350 FWD. This is for the Basic SUV, Luxury Value Edition, Memory Drivers Seat, Rainsensing wipers, Towing Prep Package, Cargo Mat, Wheel Locks, Power Liftgate, 18" 5-spoke aluminum alloy wheels, with XM Radio included. MSRP was quoted as $40,878. Sales price given to me was $38,200. (36 month lease/15,000 miles per year) A .00175 Money Factor was quoted for Tier 1 (IS THIS TOO HIGH? I HAD BEEN SEEING .00155 ON SOME Of THE FORUMS), with a residual value of 54% (Again, is this the correct residual?....somewhere I read it should be 55%). 3% Lease Tax for Alabama. I was quoted a monthly payment of $595.31. Could I do better? I am wanting to purchase the 1st week of December, and COULD REALLY USE YOUR HELP AND KNOWLEDGE!!!!! THANKS!!!!!
MSRP 45756
Cap Cost of 41819
36 Months
18K miles per year
MF .00155
incl NJ Tax 673.51 per month
Is that a good deal?
Can you tell me which areas are offering the money factor and RV your talking about? I was offered a MF of 0.00235 and RV of 52% out in Mission Viejo, California. Thanks for the help.
Can you please tell me if this is a good deal on a Rx 350 awd lease in the Philadephia area:
18,000 miles w/Nav
4090 due at start (includes tax, cash cap reduction)
36 mos
Money factor 0.00155
Residual 54%
MSRP 45,756.00
22,908.24 residual amount
Monthly payment = 593.74
Any feedback is appreciated.
Thanks again for your help. Wow, it's hard to roll back into another RX. I'm just coming to the end of a 36 month lease on an RX330 and the residual was 59% on that car... I think I'll look at the X3 as residuals appear to be around 65%! I'd appreciate any update on the X3 mf/residual over on that car's board.
Thanks again,
Ken
>>>>>>>>>>>>>>>>>>>>>>>>>>>
You're very welcome, Ken. I'm glad that I have been able to help you out in the past. Let's see what we can do for you on your next lease. Lexus Financial Services' new December to Remember buy rate lease money factor and residual value for a 36 month lease of a 2008 Lexus RX 350 AWD without the entertainment system with 15,000 miles per year are .00155 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier. Navigation does not have any impact upon this vehicle's residual values, but the entertainment system does. The residuals for models that have the entertainment system are 2% lower than vehicles that do not have it.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Just wanted to share the deal I got on 12/3/2007 on Lexus RX 350 w/Nav Black on Black:
36 Months/10K
$1500 Out of Pocket - $561 first payment + bank fee + NY DMV fees
Monthly Payment - $561
I think it's a pretty good deal considering I've called about 25 dealers before landing this deal.
Gene K
Please let me know.
Thanks.
36months/12K
$2,000 out of pocket (inc 1st month,bank fees,taxes,cap cost reduction)
monthly = $450
There is a guy in sales named Viraaj - tell him you are from Mark Yuzovitskiy who leased RX 350 from him this past Monday.
Please, let me know how it goes:)
Good Luck
Lexus RX 350 AWD
$599/mo with $1500 total out of pocket.
3 years & 36k.
money factor .001550 tier 1 credit
MSRP $45700 on the premium + navigation/DVD with heated seats and 7 spoke liquid graphite rims.
is this a good deal?
I dont believe that your dealer has included the sales tax,
An RX 350 with navigation and based on your figure of 1500 down, the best you'd be looking at is roughly 600/mo. give or take a few dollars.
at 561.00 per month and 1500 down they would be below cost on that vehicle and losing money on the deal. not possible.
$450/mth includes the tax....
msrp was ~$43,100
residual is $24,100 not sure about money factor.....
got credit towards the cap because my old leased rx was in good condition.
good luck!
I leased FWD, nav, prem +, tow prep, mats, wheel locks, heat w/rs, 5 spoke alloy (MSRP 44371). My cap cost was 39,900 (including the 600 acq fee). According to AAA's website it's $193 over invoice.
I wrote a check for 937.71 for 1st mo + title/reg/fees + doc fee + tire tax at the dealer's. (With the fairly low money factor, .00155, I didn't see the need to put more down)
I have 36 mo/36,000 mi and my payments are 561.25 (which includes los angeles county tax)
Good Luck!
Gene K
Congrats on your new Lexus.
I am in the market for the same vehicle. When I calculated your lease numbers, it appears you paid slightly over invoice price (not below). Your list price must have been approx, $45,866, up front fees must have been around $1,000, 36 month residual 10k should be 57%, money factor .00155, $1500 out of pocket, 9% sales tax. If these numbers are correct, you paid slightly above invoice price ($40,700).
Still a great deal.
We were told we had excellent credit. I am seeing money fatcors here of .00155. Is this what we were supposed to get during the sales event in December? and...can I get this rectified if so?
Here is the deal we made:
2008 Lexus RX 350 FWD w/ Nav, Prem. Plus, Heated seats & Rain sensing wipers, Liquid Graphite 18 inch wheels, Cargo mat and wheel locks
$44,466.00 MSRP
+ $300.00 Front Tinted Windows (dealer installed)
+ $200.00 pin stripe
========
$44,966.00
$41,000.00 (Paid, savings of $3, 966.00)
+ $134.05 (Title, License, Registration fees)
+ $600.00 (Acquisition fee)
+ $506.00 (L&M fee and Doc fee)
========
$42,240.05 (total capitalized cost for the LEASE)
$632.70 monthly (36 month/ 36K Lease with .00225 money factor, $632.70 due at signing which was first month payment)
(Dealer provides free loaner car for services except oil change and free pickup and delivery for any major service such as the 15K service. All services are free for first 25K - I am assuming this is standard for any Lexus new car lease or purchase? Except for the free pickup and delivery for the 15K service?)
It appears from this forum that the BUY rate for this lease is .00155 from LFS to the dealer, during the December to Remember Sales Event. The dealer has to work from this. I understand there will probably be some mark-up, but at this point, I am wondering if I paid too much of a mark-up at .00225? I am not sweating it though, I didn't find this forum until too late. I am educated for my next rendevous. They did start at .00255 and reduced it to .00225. They themselves told us we had excellent credit.
I would appreciate any feedback on this deal and also, what are the facts with sales tax on a lease? Did I indeed receive a 'special deal' on this that you normally don't get outside of their sales events, where they 'absorb' the sales tax cost? They charged the L&M fee (1.25 percent) as part of that 'deal', giving me a net savings on sales tax of about 1800.00 or so (??).
The market is Houston, Texas.
TIA for any feedback!
Two dealerships mentioned this sales tax promotion, so I think it is very legitimate. I would like to hear what other Sales event customers have experienced this month.
Maybe it is because of the sales tax absorption, basically a gimmick (shrugs), that they may not have had the room to provide a lower money factor. But I am sure I could have negotiated a few points lower if I knew their buy rate.
Overall I feel good about the deal, but i woul dfeel very good if I could confirm that I indeed saved a legit 1.5-2 grand in the deal via sales tax gimmick.
And of course, I learned much from the experience and I do love the car.
Got the 2008 Lexus RX Luxury Value Edition, with memory seats, rainsensing wipers, and towing prep package for $37,000. 36 month lease with .00155 money factor, 15,000 miles per year. Monthly payment including lease tax is $546. Paid $965.00 up-front fees. Considering there is not much competition for the dealer in our area, I feel I got a pretty good deal. I'm VERY HAPPY WITH MY NEW LEXUS!!! Thanks for your help.
They mentioned that Lexus, not them, was payin 5 percent of the sales tax. Subtracted from our 6.25 percent rate in Texas for new car purchases. They essentially aborbed about 1800.00. We paid the other 1.25 percent via the L&M fee itemization.
They started at .00255 at the one dealership in town and when we mentioned to the dealership that we eventually bought from that the other dealership offered .00225 money factor, they matched it with no questions.
Both dealers volunteered the sales tax promotion info so I don't think this was a sales gimmick/sleazy tactic ONE of the dealers used. I think it is a GIMMICK but somehow it comes from LFS and is either regional or national. The GIMMICK does seem to save you money but its playing games, confusing to the customer, I certainly would rather not play games.
I'm just curious if other purchasers this month were told about the sales tax promotion and what kind of MF they paid. I want to know if we way over paid on the MF. If so, I have issues with my local dealership. Of course it is contingent on what the bottom line out-the-door lease payment was...i.e. if they did indeed play games with numbers but we still got a good overall deal because they gave us a higher discount on the car, then ok, but I know next time I will be a much better informed lease customer.
They do mention that there is x amount of taxes and fees rolled up into the monthly payment. Bottom lin eis- if it is tax deducatible...you need ot be able to separate out that tax...
John