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Lexus RX 350 / RX 450h Lease Questions

1589 messages,  Last post on Dec 07, 2009 at 7:30 AM

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What is this discussion about? Lexus RX 450h, Lexus RX 350, Car Leasing, SUV

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#1580 of 1589 Hey Car Man - New Lexus Lease Rates? by wstreet Dec 03, 2009 (8:39 am)
Trying to lease 2010 RX350 FWD with MSRP of $47,200 and net cap cost of $42,000 for 36-mos, 15k miles, no entertainment center. Has Lexus' Dec-to-Remember promotion for this month changed last month's MF of .0022 or the 60% residual for 15k miles/year? Any lease incentive cash to the dealers? thanks!!
#1581 of 1589 Re: New Lease Rates for Dec-2-Remember? [wstreet] by go_orange Dec 03, 2009 (11:00 am)
Replying to: wstreet (Dec 01, 2009 9:01 am) I'll be interested to know the outcome.   I started looking at the RX in the summer. The leasing program was not very attractive, so I told the salesperson I was inclined to wait and see what the December to Remember sales event brings for the RX.   The salesperson contacted me in Oct and told me that the residual went up 3 points. I told him that I'll keep waiting it out, hopeful that the December to Remember sales event will have a lower money factor for the RX.   The salesperson contacted me again in Nov to tell me that the December to Remember sales event started early and that the money factor on the RX was reduced for the sale. After getting his confirmation that this was indeed the RX lease program for the December to Remember sales event and not some early teaser (i.e., it wouldn't make sense to wait until December), I did a deal and took delivery in late Nov.   If the RX lease program changed for the better in Dec, I will be upset. I doubt I have any recourse, but I would certainly complain. Replies to this message: wstreet (Dec 03, 2009 11:27 am)
#1582 of 1589 Re: New Lease Rates for Dec-2-Remember? [go_orange] by wstreet Dec 03, 2009 (11:27 am)
Replying to: go_orange (Dec 03, 2009 11:00 am) GoOrange -   Couldn't agree more. Looks to me like Lexus either didn't plan their annual D-2-R promo very well - or, move likely, they simply are concentrating on deals to move the non-movers off the lots as their books close for the year in 3 weeks or so.   I'm hoping they annouce some further reductions as the L.A. Auto Show opens tomorrow. With the bigger Detroit International Auto Show not opening until Jan 11th, the L.A. show is the last big event of this year - so if they have one last card to play, that's probably it. On the other hand, the fact that Lexus upped their RX lease residual percentages and cut (slightly) their money factor to 5.28% for Tier 1+ credit in Nov indicates they gave their dealerships more calendar days to move product and didn't wait until Dec. Time will tell and I'm in no hurry; plenty of inventory in SoCA.
#1583 of 1589 RX 350 Lease-NJ by sunpro2003 Dec 06, 2009 (5:51 pm)
Let me know your thoughts on these 2 lease deals in NJ.   Also, how much higher do you think rates will be after special financing ends on 1/4/10. Thanks Option 1-36 month lease 2010 RX350-Silver Metalic/AWD /10K miles year/MSRP-$43,715 36 month lease-63% residual; money factor(.00220); $550 month payment Includes sales tax; Due at signing-$1,849 includes(first mo payment of $550; bank fee-$700; doc fee $289; Registration $302.50; NJ tire fee-$7.50)   Option 2-48 month lease 2010 RX350-Silver Metalic/AWD/10K miles year/MSRP-$43,715 48 month lease-54% residual; money factor(.00220); $530 month payment includes sales tax; Due at signing-$1,829 includes(first mo payment of $530; bank fee-$700; doc fee $289; Registration $302.50; NJ tire fee-$7.50 Replies to this message: smarty666 (Dec 06, 2009 6:31 pm) iveybound (Dec 06, 2009 6:34 pm) kvalentino (Dec 06, 2009 7:07 pm) jayrider (Dec 07, 2009 7:30 am)
#1584 of 1589 Re: RX 350 Lease-NJ [sunpro2003] by smarty666 Dec 06, 2009 (6:31 pm)
Replying to: sunpro2003 (Dec 06, 2009 5:51 pm) both look like decent deals, I think your better off with a 3 yr lease but both are covered under the warranty so I guess it really depends on how long you really want to lease the vehicle, especially if you decide to keep it   I really like the amount due at signing you putting down! back in June and July when I was shopping in NJ all 3 Lexus dealers wanted $3000 down and wouldn't budge from that amount! what NJ dealers did you get these prices from, I'm just curious??   My $3000 down quote was from Bridgewater Lexus, Lawrence Lexus, and Ray Catena Lexus down in oakhurst, and the RX350 I looked at was just around the same msrp as your's!
#1585 of 1589 Re: RX 350 Lease-NJ [sunpro2003] by iveybound Dec 06, 2009 (6:34 pm)
Replying to: sunpro2003 (Dec 06, 2009 5:51 pm) Sunpro, I just started the process of getting a lease, what was your negotiated price?
#1586 of 1589 Re: RX 350 Lease-NJ [sunpro2003] by kvalentino Dec 06, 2009 (7:07 pm)
Replying to: sunpro2003 (Dec 06, 2009 5:51 pm) Hi Sunpro I really like you're 36 month lease...base? any options? Did they tell you how much your payment would go up for 12k miles? Thank you.
#1587 of 1589 Re: A December to Remember in November? [fxnsht] by kvalentino Dec 06, 2009 (7:23 pm)
Replying to: fxnsht (Nov 18, 2009 12:02 pm) I think it sounds like a good deal...did you pull the trigger? Did that monthly include tax ? Thanks.
#1588 of 1589 Re: RX 350 Lease-NJ [sunpro2003] by jayrider Dec 07, 2009 (7:30 am)
Replying to: sunpro2003 (Dec 06, 2009 5:51 pm) Option 1 with everything but the first month rolled into the lease. Keep the cash in your bank account and use it to pay down your monthly lease.

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