Last post on Dec 07, 2013 at 10:06 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Lexus RX 450h, Lexus RX 350, Car Leasing, SUV
#1073 of 2764 Re: Just got deal on 2009 RX 350 AWD non nav [scottyb5]
Dec 04, 2008 (6:17 pm)
this is the deal a local nj dealer is trying to sell me.
2009 RX350 Pebble Beach Edition with Nav
under 500 a month with no money down but taxes, sec dep, first month payment, fees and registration upfront totalling $3000
15k a year
they tell me the $1000 coupon that people are talking about is for people with lexus lease returns only, not for people with no lease returns. Even though i own a lexus now they cant honor the coupon.
the monthly payment is ok with me but the upfront cost of $3000 without the coupon is what's got me on the fence.
what do you guys think?
any more info to verify the use of the coupon?
Dec 05, 2008 (12:09 am)
I got the $1,000 coupon without a lease return... and so have others. Also, the $3,000 doesn't add up. It should be around $1700.
I suggest you hold firm... sales are continuing to decline so you're in the driver's seat. Let us know how this turns out.
#1075 of 2764 Re: [Timelockmind]
Dec 05, 2008 (5:12 am)
The $3000 consisted of the following
700 bank fee
first month payment
600 security deposit
385 motor vehicle fees
taxes of the monthly payment over the 36 months
Dec 05, 2008 (7:35 am)
I did not have to pay any "security fee" and paying all the taxes up front means you're actually paying $522 a month on your lease . You can do better - get rid of that $600 "security fee", get that $1,000 coupon, and reduce your lease to 500 a month (taxes included). Remember timing is everything so you might want to hold out until the last two days of the month.
Dec 05, 2008 (11:04 am)
I am trying to lease a 2009 RX350 for my mom. Here is the current deal and I am trying to determine if this is good or not:
Nav system, no DVD
36 month/15k miles
First month pmt due at signing along with $200 or so for license (taxes and all rolled in)
Cap cost: 40,726
Money factor: .00180
** The have to get the car from another dealership so they have some transfer costs
Any idea if this is any good and if not, where I should target?
Thanks for any assistance!
Dec 05, 2008 (3:13 pm)
Shawn -- you can do WAY better. Take a look at the other lease deals on the page and try to match them with your local dealer.
#1079 of 2764 Re: [Timelockmind]
Dec 05, 2008 (4:16 pm)
yeah i think i will wait till then. there are so many dealer i can use around here that i will let them fight it out at the end. worse comes to worse i will goto the local mercedes because i know the sales manager there and the amount of business referrals i send them!!
#1080 of 2764 Re: Is this a good deal? [redraider1994]
Dec 06, 2008 (10:59 am)
I am signing on a deal this afternoon for the exact same vehicle and MSRP. I don't have the exact cap cost for my deal but I can tell you the Money Factor is .00095 and 52% residual. My deal is for $1,100.00 Out of Pocket and $481.00p/month tax inc. So you could work on the Money Factor for sure. In case you may not know, tell them about the $1000 Manufacturer to Dealer incentive, to throw that in. I'm actually considering going with 12k per year to bump the residual up to 54% and save and extra $28 per month more. Hope this helps.
#1081 of 2764 Marketing Support Question
Dec 06, 2008 (11:48 am)
Could anyone answer this for me? I see the Cash to Dealer support at Edmunds has changed from $1000 to $2500 begining December 2nd. Is this correct?? Do we have and extra $1,500 to negotiate with? Anyone's quick response would be greatly appreciated as I am slated to sign a deal later today.... Thanks.
#1082 of 2764 Lease Deal for RX350
Dec 06, 2008 (3:16 pm)
We were offered one with navigation, XM, Ipod hook up, 20,000 miles/yr with $1700 down for $699/month in a 36 month lease. Lexus told us the prepurchased miles are $.20/mile, I know Acura and Infinity are $0.10/mile as we are comparing the Acura MDX and Infinity FX35. Is this a fair deal?