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Lexus RX 450h Prices Paid and Buying Experience

544 messages,  Last post on Oct 19, 2009 at 12:04 PM

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What is this discussion about? Lexus RX 400h, Lexus RX 450h, Hybrid Cars, SUV

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#479 of 544 1 pay lease - advantages/disadvantages by austin999 Jan 23, 2009 (9:55 am)
has anyone tried 1 pay lease or multiple security deposit(s) option. It seems to be about $2,500 less lease payment, with 1 pay lease for 3 yr lease term.   I'm not sure if there are any disadvantage(s) with this 1 pay lease option from Lexus.   Also, any input/feedback with multiple security deposit(s), is very much appreciated. Replies to this message: briegel (Jan 23, 2009 10:10 am) austin999 (Jan 23, 2009 10:21 am) briegel (Jan 23, 2009 10:45 am)
#480 of 544 Re: 1 pay lease - advantages/disadvantages [austin999] by briegel Jan 23, 2009 (10:10 am)
Replying to: austin999 (Jan 23, 2009 9:55 am) I have used the multiple security deposits option, as have several others on this forum. It is a good way to reduce the money factor and therefore the monthly payment. You use your available cash as an investment that gives a return in the range of 15% plus based upon the difference in the monthly payment. The money is returned to you at the end of the lease. The monthly payment is not reduced as much as it would be if you used the cash as a down payment, but you eliminate the risk of loss in the case of the car being totaled. Replies to this message: austin999 (Jan 23, 2009 10:21 am) briegel (Jan 23, 2009 10:45 am)
#481 of 544 Re: 1 pay lease - advantages/disadvantages [briegel] by austin999 Jan 23, 2009 (10:21 am)
Replying to: briegel (Jan 23, 2009 10:10 am) I greatly appreciate your feedback.   how much will the MF be reduced with the multiple security deposits option?   Replies to this message: briegel (Jan 23, 2009 10:45 am)
#482 of 544 Re: 1 pay lease - advantages/disadvantages [austin999] by briegel Jan 23, 2009 (10:45 am)
Replying to: austin999 (Jan 23, 2009 10:21 am) When I did this four years ago the MF was reduced by .0001 per MSD. As interest rates dropped that became .00008. Recently a poster stated his reduction was .00001, but that didn't seem right. The dealer or his finance guy should be able to tell you the current correct reduction amount.
#483 of 544 Re: Great Experience [bocastephen] by Justinguo Jan 26, 2009 (3:28 pm)
Replying to: bocastephen (Jan 21, 2009 1:36 pm) However the offer price last several days I got from Putnam Lexus and Stevens Creek Lexus ( both are bay areas dealers) are all around invoice price with no intention to negotiate. I am confused that they dont' even take into account the $6000 manufactuer to dealer cash at all. Anybody last one or two weeks got any quote on 2008 400h? Replies to this message: bocastephen (Jan 26, 2009 4:04 pm) rca2 (Jan 26, 2009 8:53 pm) twm01 (Feb 07, 2009 5:46 am) gerri1 (Mar 21, 2009 3:24 pm) gerri1 (Mar 21, 2009 5:26 pm)
#484 of 544 Re: Great Experience [Justinguo] by bocastephen Jan 26, 2009 (4:04 pm)
Replying to: Justinguo (Jan 26, 2009 3:28 pm) Two questions:   1) how is their inventory? With 4-6 months remaining before the '10 hybrids show up, they might be down to a few cars and decided to play cute with the remaining inventory thinking they can pump some extra profit out of them, especially if someone put a bug in their ear that gas prices might be going up (which they're not)   2) do they know that you know about the factory cash? Did you confront them about it?
#485 of 544 Re: Great Experience [Justinguo] by rca2 Jan 26, 2009 (8:53 pm)
Replying to: Justinguo (Jan 26, 2009 3:28 pm) We bought a new 2008 400h at Stevens Creek and were able to negotiate a significant discount. $41837 for a vehicle with MSRP $52371. Hope this helps. Good luck with your search. Replies to this message: twm01 (Feb 07, 2009 5:46 am) gerri1 (Mar 21, 2009 3:24 pm)
#486 of 544 Pohanka Lexus Chantilly VA by ashers1 Jan 31, 2009 (7:56 pm)
Just bought new 2008 RX 400h AWD fully loaded, but no Levinson audio. MSRP $50,995, negotiated down to $39,845, out of the door price $41,100. Great sales experience, even waived the processing fee. This is the second car I have bought from this dealership, quality operation. Replies to this message: twm01 (Feb 07, 2009 5:20 am)
#487 of 544 Re: Pohanka Lexus Chantilly VA [ashers1] by twm01 Feb 07, 2009 (5:20 am)
Replying to: ashers1 (Jan 31, 2009 7:56 pm) Can you provide more details on your deal (options, $ breakdown, etc.)... Thanks!
#488 of 544 Re: Great Experience [rca2] by twm01 Feb 07, 2009 (5:46 am)
Replying to: rca2 (Jan 26, 2009 8:53 pm) Can you also give your deal details?   Thanks!

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