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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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#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
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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
#1098 of 1578
West coast - east coast arbitrage by JBO12
Dec 09, 2008 (9:46 am)
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Given the large discrepancy between prices of these autos in California and NYC, has anyone explored the idea of buying in CA and sending the car to NYC? What are the costs of shipping/insurance/others that ought to be factored in? Also, what might the implications for someone such as myself who is considering a lease under this scenario given that it would be a car from out of state?
#1099 of 1578
Did Lexus lower the 2009 MSRP? by oghowie
Dec 09, 2008 (11:58 am)
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I'm looking at the MSRP and Invoice pricing listed on Edmunds / Costco vs the Lexus website and the Lexus website MSRP is lower than the listed MSRP prices from other sites. Did they lower it recently? It's hard for me to judge the real invoice price of the 09 RX350 without the correct or updated info.
#1100 of 1578
RX 350 in Cleveland by KMS_Cleveland
Dec 09, 2008 (12:03 pm)
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I just called my first dealer last night and got the following offer:
 
36 month lease/15k
RX350 AWD, Navi and Premium Package
MSRP $46,241
MF: .00075
Residual - 52%
Selling Price $39,178
Total due at signing - $1,526.25
Monthly payment (x35) - $499
 
After one call, this seems too good to be true. Any thoughts?
#1101 of 1578
Re: West coast - east coast arbitrage [JBO12] by briegel
Dec 09, 2008 (2:13 pm)
Reply

Replying to: JBO12 (Dec 09, 2008 9:46 am)

I did this four years ago with Lexus of Riverside (CA), having my RX 330 shipped up to the Seattle area for about $600 and leasing it through LFS...very smooth transaction! Shipping costs may be more now, and NY is probably 2-3 times the distance, but it may still be a money-saver. The Internet Manager at Lexus of Riverside handled the whole thing...check with him. Other California dealers will probably do the same thing. Good luck!
#1102 of 1578
Re: is this a good deal? [leaser310] by Car_man HOST
Dec 09, 2008 (5:32 pm)
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Replying to: leaser310 (Dec 07, 2008 6:30 pm)

Hi leaser310. Here's the information that you need on Lexus' lease program. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 RX 350 AWD with Navigation without the entertainment system are .00095 and 52%, respectively for consumers who qualify for its Tier 1+ credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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