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Lexus RX 350 / RX 400h Lease Questions

1532 messages,  Last post on Nov 11, 2009 at 11:13 AM

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What is this discussion about? Lexus RX 330, Lexus RX 350, Lexus RX 400h, Car Leasing, SUV

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#1027 of 1532 Re: MSD [mjfloyd1] by Car_man HOST Nov 18, 2008 (5:45 pm)
Replying to: mjfloyd1 (Nov 11, 2008 10:39 am) Hi mjfloyd1. I haven't looked into it lately, but the last time that I checked Lexus Financial Services' reduced vehicles money factors by .00010 for every extra security deposit.   Lexus is providing $1,000 dealer cash on the '09 RX 350, but I am not aware of any certificates.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1028 of 1532 2 Year Leases by coler23 Nov 19, 2008 (12:59 pm)
Hi.. I am looking for a 2 year lease on the rx 350. My last lease was a 3 year and I know they offer the best terms, but I was wondering if anyone knew what residual would be for 2 years...   Thanks
#1029 of 1532 Lease Deal for 2009 RX350 by steinboy Nov 19, 2008 (10:06 pm)
Hi all,   I'm in No Cal and I've been reading these messages for the last few weeks while shopping for the best lease offer. Thanks to everyone who contributes, it has been VERY helpful to me. I actually used numbers from a member to get the dealer where I wanted. Here's where I ended up:   MSRP $47,100 Pebble Beach AWD Nav, Heated, Tow(basically most of the main add-ons except Mark Lev stereo) 15k/year 36 mos money factor .00095 52% Residual   These are the payment options I negotiated: 1)$800 down, nav package, AWD, non- Pebble Beach model (about $45k MSRP),$499/mo 2)843 down, nav package, AWD, Pebble Beach, $520/mo 3)$0 down, nav package, AWD, Pebble Beach, $545/mo   I went for the last one, as my wife liked the Pebble Beach color & wheels and I didn't want to put anything down.   I must have contacted 6 or 7 dealers in the state of CA before finding a person who was friendly and helpful without being too "sales-y". Truthfully, the purchase paperwork was probably the least painful out of any I've experienced. Entire process took about an hour and because I negotiated the deal over the phone, there was no dealer BS once I got there.   Person's name is Ernie at Sacramento Lexus, if anyone is in the area and looking for a great deal on an RX. He even threw in a Lexus travel mug for the car- hey, it's the little things!   Couple of last thoughts: I looked at the ML, Highlander, FX, and Pilot. Most of them had things I really liked and some I couldn't live with. The HL was actually my fave pick- better room, newer design, more space in the cargo area, same engine, etc. But the lowest lease price I could get was around $650/mo! Crazy that you can lease a car that's $10k+ more for less $. The RX seemed to have the best overall balance for us, taking into account the price. I do wish I could have waited for the new 2010 model, but that's why the price is so low on the 09's.   Mark Lev stereo- I love good music. By far, our FX with the Bose had the best system I've heard. So I was excited to check this stereo out. I listened to the base model and the Mark Lev, and could not tell a whole lot of difference. Not enough to justify the $2k increase in price. Save the money and upgrade your home system ; ) The base model is actually pretty nice.   Cheers! Steinboy Replies to this message: Timelockmind (Nov 23, 2008 11:42 pm)
#1030 of 1532 by patriot21 Nov 20, 2008 (5:45 pm)
I am still working the numbers but I was going to out $3500 down plus the $1000 dealer cash and I'm getting $1400 for my trade in. The general opinion is that I am putting too much down??   I went to the Toyota dealer and asked about leasing a HL limited edition hybrid. Lowest number I could get was $719/mo which is crazy. I think if I could get it for around my price point of $500 I would go for it. Replies to this message: briegel (Nov 20, 2008 6:47 pm)
#1031 of 1532 Re: [patriot21] by briegel Nov 20, 2008 (6:47 pm)
Replying to: patriot21 (Nov 20, 2008 5:45 pm) I would suggest using the money you were going to use as down payment to make multiple refundable security deposits to reduce the lease money factor (by .00008 per each multiple) and thereby reduce the monthly lease payment. You get that money back at the end of the lease and it works out to a pretty decent return on that money. I have done that, as have many other posters on this forum.
#1032 of 1532 Re: Good deal? [cdwilli] by larryj42 Nov 23, 2008 (9:02 am)
Replying to: cdwilli (Nov 15, 2008 12:15 pm) "I just leased a 09 RX350 with an msrp of $44841 (with navigation) for cap cost of $40,310.78, mf .00095 and residual rate 54%. I'm in Dallas and they did no sales tax and used the $1000 mfg credit like a down payment. This is 36 month, 12k/year lease and the payment is $525. All I paid at delivery was first month plus title and registration -- $657.55"   I am in Dallas as well and this is the offer I got from Park Place Plano on the same car you leased: 36/mo 15k = $615/mo (only $620 due at signing) Money factor is .00195 (tier 1 plus credit) Residual is 52% of MSRP $44,841 (res is $23,317)   Using a lease calculator i figure the cap cost is about $39,700. My FICO score is 792, so I am not sure why the difference in MF or the residual. Which dealer did you buy from? Thanks. Replies to this message: cdwilli (Nov 23, 2008 10:10 am) larryj42 (Nov 23, 2008 11:52 am)
#1033 of 1532 Re: Good deal? [larryj42] by cdwilli Nov 23, 2008 (10:10 am)
Replying to: larryj42 (Nov 23, 2008 9:02 am) Larryj42 -- I did only a 12K mile so that is probably the difference in the residual but I would think the MF should be the same as that is a Lexus promotion. I did negotiate with Park Place and they actually came under by a few dollars but I purchased at Sewell because it was a better location for me. I negotiated everything over the phone. Replies to this message: larryj42 (Nov 23, 2008 11:52 am)
#1034 of 1532 09RX350AWD - No Navi by indus2 Nov 23, 2008 (10:34 am)
just closed the deal on a 09 RX350 AWD (non-Navi), list $43,591.   36 months, 15k, inception fees out of pocket (~$1700), $450/month including NJ tax.
#1035 of 1532 Re: Good deal? [cdwilli] by larryj42 Nov 23, 2008 (11:52 am)
Replying to: cdwilli (Nov 23, 2008 10:10 am) Thanks, cdwilli. You are right on the difference on the residual. I .will keep working on the .00095 MF
#1036 of 1532 Decent deal? by tjim Nov 23, 2008 (8:18 pm)
MSRP 42,892 for AWD non-NAV Cap Cost 36,462 $3000 up front 389.79 base payment (plus tax) MF .00145 36 months, 12,000 mi/yr San Francisco area Sound decent? Replies to this message: sixstringer (Nov 25, 2008 10:34 am) Timelockmind (Nov 25, 2008 8:05 pm) Timelockmind (Nov 25, 2008 8:15 pm) indus2 (Nov 26, 2008 9:57 pm) and 1 more...

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