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Prices Paid: Buying & Leasing Experiences Lexus LX 570 Lease Questions
10 messages, Last post on Oct 25, 2009 at 6:04 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Lexus LX 470. Thanks. Car_man Host Smart Shopper / Prices Paid Forums |
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I am currently leasing a Lexus RX 330 which will be over at the end of november...I am considering leasing an LX470, but have no idea what a really good lease should be for this car...I have been told that I could get much better terms since I already have a Lexus...I am not that particular for the terms...would do 24, 36, or 39 month lease...I do not need more than 12,000 miles/year...I just want my monthly payment to be as low as possible...any guidance would be greatly appreciated...
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Replying to: carsarefun (Oct 24, 2006 11:01 am) Car_man Host Prices Paid Forum |
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best offer an 2008 lx570 for 36months and 10k miles for 1546 with no money down and taxes(NY) in the payments. Any opinions?
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Replying to: topgun26 (Apr 13, 2008 2:39 pm) |
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So I after months of searching I finally find a vehicle I like (the LX 570). The price I've been offered is $83200 48 month lease with the Mark Levinson sound system, Lexus Link (both of which I believe are standard in this model), climate control seats, park assist and of course the iPod integration. After spending 3 hours in the dealership and having the finance guy try to work me the offer they came up with is a monthly payment of around $1300. But wait this is after they value my trade-in at about $5K and with me putting down $15K. I don't know what money factor they used, but I'm assuming it is tied to an individual's credit rating and mine is a solid B. I can't help but think that: a) I'm not getting any kind of discount on the MSRP, b) with the amount of money I'm willing to put down I should be getting a much lower monthly payment, and c) I'm being taken for a ride. What advice can you give me on my next steps with the dealer? Thanks.
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Replying to: dgltj (May 29, 2009 5:01 am)  ? That definitely is not a good idea. I always advise consumers not to make large down payments when leasing. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. If you have money that's burning a hole in your pocket and you really want to lower your truck's monthly payment you should use the cash to make multiple security deposits on the truck that you want. Lexus Financial Services will lower the money factor that they use to calculate your truck's monthly payment by .00010 for each additional deposit that you make, up to a maximum of nine additional deposits. The beauty of MSDs is that unlike capitalized cost reductions which just disappear with you actually get your deposits back at lease end. Furthermore, while I am not intimately familiar with what the market is like for the LX 570 right now I would be very surprised if you had to pay full MSRP for one after comparison shopping with a few dealers. Try shopping around with a few other dealers and look into making multiple security deposits instead of a large down payment. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jun 01, 2009 2:41 am) |
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