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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1578 messages, Last post on Dec 01, 2009 at 4:58 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: indus2 (Nov 27, 2008 6:51 am) Yes, they applied the $1000.00 coupon toward the cap reduction. As I mentioned, with the one-payment lease I'm at $410.95 (including taxes). That's it. That is the total amount. With the standard lease I am at $1557.05 down and $455.80 for the remaining 35 months. I know you can't make a decision for me, but considering the $1,600 savings with the one-pay, what would you do? And considering the excellent cap reduction how much risk do I really have if the car is totaled or stolen at the beginning? Thanks very much for your help! By the way, I assume this is an absolutely outstanding deal (or not?) Ken
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Replying to: Timelockmind (Nov 27, 2008 10:10 am) As far saving $1,600, consider that $14,000 CD paying 4% yields ~$560/year. I realize there are tax implications, etc , but the point is that your real savings are much less than $1,600.
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Replying to: indus2 (Nov 27, 2008 10:38 am) The one-pay lease: 410.95 X 36 = 14,794.20 plus the $700 Lexus lease acquisition fee plus license fee comes out to $15,944.16. As to the $430 -- add in the $700 Lexus lease fee plus license plus Los Angeles 8.25 tax and that gets me to the $455. Make sense? Oh, and forget 4% for the next three years. My guess is 2 to 3% if we're lucky! I don't have the residual or money factor on my paper work. Does this help? One-pay or not? And what do you think of the deal? Ken |
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I'm confused with the terms of your lease... If you go with the traditional lease, your up-front payment would include the $700 acquisition fee, doc fee, MV fee, and 1st month paymt, which should total approx. $1600. With that, based on the sticker price of $43,476, cap cost of $36,084, residual of 52% (3 yr/15k), money factor of 0.00095, cap cost reduction of $1,000 (lexus coupon), and 8.25% sales tax, your payment should be ~$438/month. Regarding the interest on your money, I wasnt predicting where the rates are going... All I'm saying is that you can open a 3 year CD tomorrow at GMAC bank with APY of 4.5%.
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Replying to: indus2 (Nov 27, 2008 11:57 am) The residual is $22,000 (and change). I will get the money factor tomorrow. And I will take your figures to the dealership. I also called my insurance agent for direction on the one-pay issue. Your input has been extremely helpful. Forget the few dollars difference in payments for a moment -- have you seen or heard of a better deal than this anywhere?
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Replying to: indus2 (Nov 27, 2008 11:57 am) My lease is about to expire on my Lexus RX330 and have been looking to take advantage of the deals for the RX350. But I'm trying to understand how to get a dealer to provide a cap cost $2K below the invoice price, such as this deal being discussed, and then an the additional $1K Man. to Dealer coupon? I believe I'm missing something with the cap cost. Any help would be greatly appreciated as I am trying to get into an 09 RX350 NAV, thanks. 
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Gorodo025 My salesman claims this is the cheapest deal they have ever done on an RX350 AWD (I bet they tell that to every buyer!). Having said that, I have not seen or heard of a better deal. All I can say is that Lexus - like the rest of the car dealerships - is really hurting. I take no joy in that.
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Replying to: Timelockmind (Nov 27, 2008 1:32 pm) As I said, I think your deal is very competitive. I mentioned in my post from a couple of days ago, I just leased a 2009 non-nav, MSRP $43,591, 36month/15K. I negotiated a cap cost of $36,779, before the $1K lexus coupon, which esentially brings the net cap cost down to $35,779. My drive-off was ~$1700 (acquisition+1st month+doc fees+DMV). Payment is $450/month, including 7% sales tax. I'm glad you found my feedback helpful, afterall that's what this forum is for 
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indus2 When you factor in my $700 "black-out" kit and my paying $143 less on the drive-off, we got the same deal. Do you think we could have done even better at the end of December or January? Since we wanted a specific color combo and our current lease is up anyway, we didn't want to wait -- but it's fun to speculate. ken
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Replying to: Timelockmind (Nov 27, 2008 4:25 pm) |
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