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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1576 messages, Last post on Dec 01, 2009 at 9:01 AM
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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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Replying to: Timelockmind (Nov 27, 2008 7:49 pm) Normally Lexus hold a December to remember events which they either bump up the residual or reduce the money factor. So chance are it is going to be a little bit better deal in December. The one pay lease that you were offer is a different animal than your regular lease. You have to look at your own situation in term of what you can do with the money. If you alternative is make 2-3% with the lease money then may be it is a worthwhile thing to do the one pay. If you can earn 7-8% then it may not be a good thing to do.. |
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We (my wife and I) just picked up our RX350 AWD Black/Black with the chrome black-out kit plus a few extras,. The list price was just under $44,000 and our cap cost was a $35,008! Our drive off was $1,506 and the remaining 35 payments are $439.00. Plus free service (oil, etc, but no brakes) for two years. We could saved another $1,300 but decided not to go with the single-pay thanks to indus2. Oh, and we also opted to accept the offer from Lexus on their Visa deal. By accepting their new credit card (no annual fee) we got to put the drive-off on the card and receive 6 months interest free. We also get a credit of $175 on the Visa for any future Lexus service -- at any time. We're happy! How much lower can they possibly go? Not much, I think. Again, thank you indus2 you saved me several hundred dollars -- isn't the internet great?! |
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Replying to: Timelockmind (Nov 30, 2008 4:16 pm) I'm also looking at the RX350 AWD, but I buddies in the gym told me I should go with the FX35 or Murano, since the RX350 is for soccer mom or star bucks lady,,, I'm not sure about that, maybe I should get black color for a young guy? please advise.. -Dave
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