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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

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


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#1085 of 1578
Re: Is this a good deal? [dealmaker2008] by gordo025
Dec 07, 2008 (9:31 am)
Reply

Replying to: dealmaker2008 (Dec 06, 2008 3:42 pm)

Thank you Dealmaker. I've been shopping for about a month. I shopped the deal around the other dealerships I had already negotiated with and only one would match it, not beat it, and only for a vehicle they had in stock which they didn't have. These are the terms I signed yesterday:
 
MSRP $44,841.00 (DVD NAV, Premium Plus, Towing Pckg)
Sell Price $37,698.50
Terms 36/12k
Money Ftr 0.00095
Residual 54%
Out of Pocket $1,100.00 (First month, Tag, Fees, Cap cost reduction)
Monthly $481.00 tax in (7% tax)
 
Reading the forum I have noticed that Regional location seems to matter for pricing pressure as well. I'm in Miami and Lexus is not struggling here. This was actually the only dealership which had the color combination I was looking for (smoky granite with black int.) and only had one. they are selling this vehicle rather easy here from what the dealerships have told me. They are more concerned with getting allocation for the 2010 RX.
 
Hope this could be of help to someone down South if it's considered a good deal.
#1086 of 1578
Re: Is this a good deal? [gordo025] by dealmaker2008
Dec 07, 2008 (10:09 am)
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Replying to: gordo025 (Dec 07, 2008 9:31 am)

gordo025, still think you walked away for an excellent deal esp with woth low out of pocket and monthly and 12K per year and about 8K under MSRP. Is it AWD or FWD? Car shopping is a very stressing business and I am glad for you it is over and now to kickback and enjoy.
#1087 of 1578
Re: Is this a good deal? [dealmaker2008] by gordo025
Dec 07, 2008 (10:27 am)
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Replying to: dealmaker2008 (Dec 07, 2008 10:09 am)

Thanks again Dealmaker. The vehicle is FWD. AWD is not seen much here. I actually asked at some of the dealerships for the AWD, since that's the vehicle I see most on the forum and can compare my deal to, but they only had a couple in stock. It's sold more up North I was told due to the different weather conditions.
#1088 of 1578
is this a good deal? by leaser310
Dec 07, 2008 (6:30 pm)
Reply
Got a price on an 09 RX350 AWD with Nav and premium plus package, liquid graphite finish, heated seats, towing prep, cargo mat and wheel locks for $38000. Question one: Is this a good deal?
 
Thinking of leasing, but dealer won't tell me the residual on this car, nor the money factor (which I read in a previous post is .00095). I'll cover tax etc., but not put any money down.
 
Qeustion two: The dealer quoted me $493/month for a 3 yr lease with 12K . Without the residual and money factor I can't figure out if this is a good deal. Anyone have enough info on residual and money factor to let me know? Thanks in advance...
 
CCB (confused car buyer)
#1089 of 1578
by Timelockmind
Dec 07, 2008 (9:11 pm)
Reply
Leasor310
 
Not a good deal. I got almost the same car and paid just over 35.
#1090 of 1578
Re: [Timelockmind] by JBO12
Dec 08, 2008 (4:07 pm)
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Replying to: Timelockmind (Dec 07, 2008 9:11 pm)

Timelockmind - what part of the country was this if i may ask? i think leasor310 is in the nyc tri-state area like myself. dealers here have been holding firmer on pricing.
#1091 of 1578
Re: [Blessendc] by indus2
Dec 08, 2008 (4:54 pm)
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Replying to: Blessendc (Dec 01, 2008 7:05 am)

Blessendc, if you haven't finalized your deal, try Prestige Lexus in Ramsey, NJ... I found them to be most competitive around here. Suggest you give them a call, ask to speak with Internet Sales, and tell them you're ready to make a deal. I am not sure whether $1k dealer support still applies (I seem to recall the program ran through Dec 5th, and I dont know if Lexus extended it), nor whether the $1k Lexus coupon is still available.
 
Good luck
#1092 of 1578
Re: A Wonderful Deal! [Timelockmind] by indus2
Dec 08, 2008 (4:58 pm)
Reply

Replying to: Timelockmind (Nov 30, 2008 4:16 pm)

Timelock, glad you found info helpful. I expect that in 3 years you'll close the deal before me and I'll be able to take advantage of your terms
#1093 of 1578
by Timelockmind
Dec 08, 2008 (5:12 pm)
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I'm in Los Angeles. There are several dealers in the surrounding area -- almost all are willing to deal bare-bones. I never thought I would be able to get $9,000 off list on a new Lexus (this was due, of course, to the perfect storm -- the economy, a new RX model soon to be released, and the end-of-the-year inventory pressure.)
 
Combine these factors with knowledge and the internet and you can save several thousand dollars on a purchase/lease.
 
Thanks to everyone for sharing!
#1094 of 1578
Re: [Timelockmind] by dealmaker2008
Dec 08, 2008 (5:20 pm)
Reply

Replying to: Timelockmind (Dec 08, 2008 5:12 pm)

Which deal in LA did you get 9K off MSRP?

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