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2015 Lexus RX 350 lease deal
Trying to gauge this lease offer local dealer talked about.
2015 Lexus RX350 AWD + Premium Package. White/Saddle Brown. MSRP 47,780
$3,500 cash down
36 mo term
$445/mo total after all taxes and insurance ($410 before taxes and $385 before damage insurance).
12k mi / year
$28,600 residual at end of the lease
The deal includes 5, 10, and 15k services free, damage insurance (covers up to $7,500 of damage). Since I live in CA, taxes are non-negotiable and I would want the damage insurance (have kids), $445 seems reasonable; what do you think?
I went to another dealer, and they offered similar lease deal (not including 15k service) for $525.
2015 Lexus RX350 AWD + Premium Package. White/Saddle Brown. MSRP 47,780
$3,500 cash down
36 mo term
$445/mo total after all taxes and insurance ($410 before taxes and $385 before damage insurance).
12k mi / year
$28,600 residual at end of the lease
The deal includes 5, 10, and 15k services free, damage insurance (covers up to $7,500 of damage). Since I live in CA, taxes are non-negotiable and I would want the damage insurance (have kids), $445 seems reasonable; what do you think?
I went to another dealer, and they offered similar lease deal (not including 15k service) for $525.
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This discussion has been closed.
Answers
We do not recommend making such a large down payment - if the car is stolen or totaled, you lose that money. Only out of pocket costs should be first payment, bank fee and any state license or tag costs.
36/12 numbers on the RX350 are .00070 and 60%. $1500 lease cash, which should be subtracted after negotiating your best price.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
With the MSRP and selling price you've given, along with the MF and residual from above, I get a pre-tax payment of $415.53/mo.
Ask the dealer what the net cap cost is, and what MF they are using.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
MSRP $50270
Sale price $44770 after $1500 Lexus rebate
Dealer is giving me a discount of just under 8% of MSRP. True Car for my area (Boston, MA but this is a Rhode Island dealership) says a good price is 8.41% off MSRP, but after reading these posts, I see people are getting upwards of 13-14% off. Do I negotiate according to TrueCar results in my area or should I try for more?
Thanks in advance!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I am talking to a dealer to lease an RX 350 and they are telling me the money factor is .0012 and not the .0007 mentioned here. The residual is the same at 60%. Is it better to get a 27 month lease? Lexus is also advertising a new RX Lease I think for $399 plus tax and $3,999 drive off. Is that the best deal or can you negotiate any lower? How can you tell what all the packages or options they have as it seems endless on the website as to what you can add to a Lexus car?
27/15 residual is 65%; 36/15 residual is 58%
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
You should contact multiple dealers to see if you get a consistent story from all of them.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Last month the factor was .0007 and I heard the promotions stayed the same but now this new dealer is quoting a factor of .0009. I think they are trying to steer me towards the GS model as that is the .0009 but with a bigger lease incentive.
I am in Southern California and dealing with dealerships close to LA.
MSRP $47,780
Sale Price $43,529
Acquisition fee $599
VA Tax 1809
Title/Tags144
Residual Value $28,668 (60% of MSRP) for 36m/12k term lease,
Down Payment $0
Monthly $ 507
MF is marked up at 0.00075 with this, If I could negotiate down to 0.00070, and applying Max MSD 7 or 8, how much can I bring it down the MF and then monthly payment?
Haven't figured the breakdown of numbers on Leasematic app yet. Thanks for all your help.
Each SD brings the MF down .00008, but Lexus doesn't allow the MF to drop below .00005.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
350 F-Sport, 36/10
MSRP: 54058
Savings - 4058
Rebate - 2061
CapCost - 50K
MF - 0.00075
Res: 33515.96
0 Down
Monthly Payment - 561.67
How much out of pocket?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4