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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1568 messages, Last post on Nov 23, 2009 at 11:26 AM
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| Hey looking to lease the rx450h . Didnt see any other thread dedicated to leasing an rx450h on this site, so i figured this was the closest. I'm looking to lease this car for a 48month period with 15k miles a year. Does anyone know what the residual and money factor would be for this ? Also does anybody know when the winter to remember specials kick in ? | |
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I just learned about lease equity as well. Currently have a 2007 RX 350 with the lease up in December. Went to my same dealer and they told me I have $2000 in lease equity. Just as go orange said, dealer will buy the car and pay off the lease. A hidden benefit - it's viewed as a trade in, so on the new vehicle, I only pay tax on the difference between the new purchase price and the value of my 'trade'. Here is the deal I am going to try to work on a 2010 RX 350. MSRP $47,678 (with Nav, 19" wheels etc.) Sales Price: $42,678 Residual: 63% MF: .00220 Net Cap (after lease equity): $40,678 PMT including tax $485.00 It would seem based on earlier posts I should be able to get $4,000-$5000 off MSRP. Its agressive, but I think I can get close. Thoughts? |
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Replying to: lesvolvos40 (Nov 19, 2009 7:57 pm) When I leased my 2007 RX350, I put in 9 MSDs ($4500) and it lowered my monthly payment by $60. I saved $2160 (60x36 mos) by letting them hold $4500 for 3 years. Just bought out my lease this week, and waiting for the refund of the MSDs.
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Replying to: lesvolvos40 (Nov 19, 2009 7:57 pm) Sounds like you're getting a great deal! |
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Replying to: go_orange (Nov 18, 2009 5:41 pm) 18.5 is the buyout at the end of my lease which is 9 months away, although, I have a feeling I'll be hearing from Lexus sooner than that as far as getting into a new Lexus. They tend to try to get you into a new lease before your current one is up. Now, I have looked at Carmax.com to see what 2007 RX350's are going for currently, and they were running about 4 to 5,000 cheaper than a CPO RX from the Lexus dealer. I know that I can go on the Lexus website and look up my account and find out what it would cost to buy my car right now. So I'm going to check on that to get an idea. |
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Replying to: mookie18 (Nov 20, 2009 5:23 pm)
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Please provide the residual for the 2010 RX450h with rear entertainment system. From what I understand from the dealer, the residual is lower by 2% because of this system. Last month, for a 36 month lease with rear entertainment, 12k/yr, the residual is 60%. Also, they said the money factor is .00245. Have these number changed due to the December event? Also please confirm the numbers for a 2010 RXh thanks in advance 
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Replying to: maximafan (Nov 21, 2009 1:26 pm) My buyout amount was about $27,500. I checked around what other car I can buy for that amount and didn't find anyone close to what I'll get buy just by buying out the lease. I looked into used RDX, CX7 and a new Venza. Even if I added $1000 (for new set of tires, navi upgrade), the RX really did keep its value. I'm not a fan of 1st year re-designs so I never considered the 2010 model. |
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Replying to: lesvolvos40 (Nov 19, 2009 7:57 pm) |
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Am looking at an RX 350 FWD with Premium/Nav/Comfort....MSRP $47k. What should I be looking at for mf, residual, cap red for a 36 mos/15k lease, $0 down. I'm in the Atlanta area. Thanks. |
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