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Lexus RX 350 / RX 450h Lease Questions

1582 messages,  Last post on Dec 03, 2009 at 11:27 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Lexus RX 450h, Lexus RX 350, Car Leasing, SUV


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#108 of 1582
Re: RX330 Lease Numbers [Car_man] by soccerpws
Jan 10, 2006 (8:49 pm)
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Replying to: Car_man (Jan 09, 2006 4:45 am)

As always, my sincerest thanks.
 
The lease on my 2003 RX300 (acquired in the December 20002 DTR) is up at the end of March, so I'm looking to replace it with the RX330.
#109 of 1582
Re: RX330 Lease Numbers [soccerpws] by Car_man HOST
Jan 31, 2006 (3:31 am)
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Replying to: soccerpws (Jan 10, 2006 8:49 pm)

You're very welcome, soccerpws. Let me know if you have any other questions.
 
Car_man
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#110 of 1582
RX330 deals before RX350 comes out by highfidelity
Feb 03, 2006 (9:41 am)
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Car_man,
 
Could you tell me the money factor and residual for this month on a 2006 RX330 AWD w/ Premium Plus (no nav) - 36 months - 12k miles. Do you think it will get better next month as the debut of the RX350 approaches?
 
A dealer in my area offered me invoice on a RX with a MSRP of $43358, he claimed invoice was $38486 (does that sound right? The payment he quoted me was $584, I hoping this might get better as the RX350 release date nears. What do you think?
 
Thanks.
#111 of 1582
Re: RX330 deals before RX350 comes out [highfidelity] by highfidelity
Feb 03, 2006 (3:20 pm)
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Replying to: highfidelity (Feb 03, 2006 9:41 am)

Oh had a few other questions. I am currently leasing a RX300 and just got some papers about the Encore program and how I am preapproved and can waive the security deposit. Does this program provide any further improvement in the money factor or residual. The website claims lower payments, what exactly does this mean.
#112 of 1582
Re: Lease payments [kaipaji] by karep
Feb 04, 2006 (8:46 am)
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Replying to: kaipaji (Jan 05, 2006 3:05 pm)

This is what I am accepting from Ray Catena Lexus in Larchmont NY (MSRP in parentheses):
 
2006 RX330 w/o Navigation ($37,770)
-Premium Plus Package ($2,960)
-6 disc in-dash CD Auto Changer ($500)
-18" wheels 235/55 M/S tires ($495)
-Heated front seat w/rain sense wipers ($160)
-Transmission cooler, heavy duty alternator/radiator ($160)
-cargo mat ($92)
-wheel locks ($66)
-S&H fee ($695)
 
MSRP Sticker $43,403.
Capitalized cost $39,000
 
Am leasing it. Was offered two options:
 
1. Via Hahn Financial :
-$500/mo. Bank fee $842.70 + FMP $500 + $477 TTR for total of $1,819.70 at time of signing. Vehicle disposition fee of $450.00 at end of lease. 30 months/10K miles/year
2. Via Lexus Financial
-$515/mo. Bank Fee $636 +FMP $515 + TTR $467.50 for total of $1,618.50 at signing. $0 Vehicle disposition fee at EOL36 months/12K miles/year
Trade in 1999 RX 300 in 'good' condition 81,500 miles =$11,000
 
selected option 2 because I live in CT and Hahn does not do leases there because of the vicarious liability law (Lessor gets sued i case of accident caused by Lessee). Did the math, and for me it comes out at $495/mo.
 
ONE other note: I bought through the Costco auto program --avoiding the infamous 'Let me talk to my manager' routine
 
Ray Catena Lexus is straight-foward and is not into the arrogance and stupid mind games found across the state border at a competing dealership.
 
I'm sure if I invested hours and psychic payments I could have saved a few buck/mo--I'm too old for that now.
 
My perception is that there are a lot of cars (in the NYC area) and the dealers are getting heavy support from Lexus to clear the decks before the 2007 comes in.
 
BTW, I could not see much in compelling new features (would have loved an MP3 player and power adjustable pedals but they are not in the 2007) that would make me wait.
 
Hope this helps.
#113 of 1582
February deal? by nrechtman
Feb 05, 2006 (12:28 pm)
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My present lease will be over March 12th and I was planning on getting a 2006 RX-330 FWD with premium plus package Premium Plus Package with Additional Options:
 
- Two-level heated front seats (includes rain-sensing variable intermittent wipers and headlamp washers)
- In-dash, single-feed, six-disc CD auto-changer
- 18-in alloy wheels (235/55VR18 and full-size spare)
- Towing prep package
- Cargo mat
- Wheel locks
 
The MSRP with delivery is $42,003.00, so far the best deal in January was around $520 plus tax on a 48 month/15K lease with inceptions of around $1000, but last night the dealer called and told me that Lexus has a new deal which is almost like the "December to Remember deal" and the monthly price dropped to $499, this making me quite suspicious, is there something about to happen to make them want to unload inventory like the 2007's coming out? Any ideas?
 
If there is a new deal do you know the particulars for South Florida, like special lease rates, money factors?
#114 of 1582
Re: great deal [malenky] by nrechtman
Feb 05, 2006 (9:24 pm)
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Replying to: malenky (Dec 23, 2005 4:58 pm)

The deal Malenky first posted looks fantastic, I wish I could get that in South Florida, it's the same car with the same equipment I am looking for, in fact his car had AWD and is only 36 months but with 12k miles per year.
 
"Folks, just got a quote on 2006 RX 330 AWD with Prem. Plus package (w/o Navigation) at $495 a month including 6% tax with LFS for 36 months 12K a year. Out of pocket $495 First Month, $600 Bank Fee, $265 NJ Reg. and Plates, about $1350."
 
Do you think there is any chance I'll be able to get a deal on a 2006 RX330 FWD with premium plus package with options at a price like his, the best the dealer will do for me is $499 plus tax with about $1300 down as inceptions on a 48 month/15K miles per year.
 
In my previous post I thought the inceptions were around $1000 but they are actually in the $1300 range.
#115 of 1582
Re: Lease payments [kaipaji] by nrechtman
Feb 16, 2006 (10:35 pm)
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Replying to: kaipaji (Jan 05, 2006 3:05 pm)

The deal you posted looks terrible,you can get the dealer down to this on a 2006 RX-330 with premium plus package,
 
36 month /15k is around $520+tax with around $900 down
 
48 month /15k is around $490 + tax incep. $875 down
#116 of 1582
Re: RX330 deals before RX350 comes out [highfidelity] by Car_man HOST
Feb 19, 2006 (6:27 am)
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Replying to: highfidelity (Feb 03, 2006 9:41 am)

Hello highfidelity. If you were to lease a 2006 Lexus RX 330 AWD (without the entertainment system) through Lexus Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00220 and 57%, respectively assuming that you qualify for its top credit tier. This lease program is currently scheduled to run through March 31st and I don't expect Lexus to change it before then. It is difficult to say what its April lease program for this model will be like. There definitely is a chance that Lexus will enhance its money factor then, but its residual value will almost certainly fall eating up most of the difference.
 
You can look up the exact dealer invoice price for the truck that you are interested in by visiting the following section of this site: Edmunds.com New Vehicle Pricing. Dealer invoice is definitely a good price for a lease on an RX right now.
 
Car_man
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#117 of 1582
Re: RX330 deals before RX350 comes out [highfidelity] by Car_man HOST
Feb 19, 2006 (6:46 am)
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Replying to: highfidelity (Feb 03, 2006 3:20 pm)

Hey highfidelity. I believe that Lexus does provide a slight money factor reduction for Encore aka loyal customers, but unfortunately I do not know exactly how much that reduction is.
 
Car_man
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Smart Shopper / Prices Paid Forums

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