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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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#1088 of 1578
is this a good deal? by leaser310
Dec 07, 2008 (6:30 pm)
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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)
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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)
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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)
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Replying to: Timelockmind (Dec 08, 2008 5:12 pm)

Which deal in LA did you get 9K off MSRP?
#1095 of 1578
by Timelockmind
Dec 08, 2008 (5:46 pm)
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As to dealers... try Keyes in Van Nuys, Santa Monica Lexus, or Longo Lexus -- they are all in the ballpark. Just push hard (but respectfully) and keep your wits about you. And remember, I got my deal during the last few days of November. I believe the dealers will be even more motivated between Christmas and New Years.
 
And by the way, someone mentioned that Lexus has increased the dealer cash back from $1,000 to $2,500. I have no idea if this is true or not - but if it is, perhaps someone will get the first $10,000 off list on this board.
 
Oh, I almost forgot - my wife and LOVE the car (much better than our Mercedes ML350!)
#1096 of 1578
Re: Just got deal on 2009 RX 350 AWD non nav [scottyb5] by Car_man HOST
Dec 09, 2008 (3:01 am)
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Replying to: scottyb5 (Dec 03, 2008 11:18 am)

Congratulations on getting your new RX, scottyb5. Thanks for taking the time to share the details of your lease with everyone. If you'd like, you can stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1097 of 1578
Re: Marketing Support Question [gordo025] by Car_man HOST
Dec 09, 2008 (3:05 am)
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Replying to: gordo025 (Dec 06, 2008 11:48 am)

Hi gordo025. That is correct, on 12/2 Lexus raised its dealer cash allowance on the 2009 RX 350 from $1,000 to $2,500. I believe that this cash is compatible with Lexus Financial Services' special lease program. If so, you do indeed have another $1,500 to play with in your negotiations.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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