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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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#1101 of 1582
Re: West coast - east coast arbitrage [JBO12] by briegel
Dec 09, 2008 (2:13 pm)
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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 1582
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
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Prices Paid: Buying & Leasing Experiences Forum
#1103 of 1582
RX400h lease so cal by womble
Dec 09, 2008 (7:41 pm)
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Hi, I know a lot of people leasing toyota highlander hybrids because they claim the lease prices on the rx400h are still high. No-one on this forum seems to be talking about the 400. I'm about to start researching my lease for a new 400h I have a 2006. Is anybody still buying/leasing these cars? Are they being left behind by flex fuel suvs? I LOVE my 400 altho the steering is squirrelly but I want a good deal on a 2009 or I would consider another car. I would imagine it's an absolute buyers market right now. Any thoughts welcome!
#1104 of 1582
RX 350 in Cleveland - Follow-up by KMS_Cleveland
Dec 11, 2008 (9:00 am)
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I am going to the dealership on Saturday morning so if anyone, especially Car Man, can give me any thoughts on the following deal:
 
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?
 
Also, I was thinking of adding the rear dvd player but the deal said they don't residualize them. Has anyone had any luck having them residulalized? Thanks in advance.
#1105 of 1582
Re: RX 350 in Cleveland - Follow-up [KMS_Cleveland] by Blessendc
Dec 11, 2008 (9:13 am)
Reply

Replying to: KMS_Cleveland (Dec 11, 2008 9:00 am)

Hey KMS
i've been looking for deal on a similar car and no one so far i dealt with, came close to that deal. if that price is with tax i think its a good deal. Im no expert like the others on this board but i think its a good deal.
#1106 of 1582
Re: RX 350 in Cleveland - Follow-up [Blessendc] by KMS_Cleveland
Dec 11, 2008 (9:38 am)
Reply

Replying to: Blessendc (Dec 11, 2008 9:13 am)

Thanks Blessendc. It was the first deal I received and it seemed too good to be true but thought there was something I was missing. It is with tax.
#1107 of 1582
Re: RX 350 in Cleveland - Follow-up [KMS_Cleveland] by cityboy2
Dec 11, 2008 (10:34 am)
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Replying to: KMS_Cleveland (Dec 11, 2008 9:00 am)

You probably can do a bit better. Talk to a dealer about reducing Cap Cost (selling price). Say to around 38K. All other numbers are fine. BTW he gave you an impressive MF. Can't get better.
..and good luck with rear dvd. This is rare thing on the market of RX350.
#1108 of 1582
Re: RX 350 in Cleveland - Follow-up [cityboy2] by KMS_Cleveland
Dec 11, 2008 (10:46 am)
Reply

Replying to: cityboy2 (Dec 11, 2008 10:34 am)

Thanks cityboy2. I will trya nd see if I can get him down to 38k.
 
I don't think they have the factory installed rear dvd player but he said he would put in an after market one into each of the headrests at $50 over invoice. I was just surprised that he could residualize it.
#1109 of 1582
Re: RX 350 in Cleveland - Follow-up [KMS_Cleveland] by attitudediver
Dec 11, 2008 (1:37 pm)
Reply

Replying to: KMS_Cleveland (Dec 11, 2008 10:46 am)

I I have been e-mailing with Lexus - Bridgewater, NJ on the following deal:
C1 CARGO MAT
FV LIQUID GRAPHITE 18' ALL SEASON
HH HEATED SEATS/RAIN SENSOR WIPER
PT PREMIUM PLUS PACKAGE
TO TOWING PREP PACKAGE
WL WHEEL LOCKS
 
36 month lease/12k
RX350 AWD,
MSRP $43,591
MF: .00095
Residual - 54%
Selling Price $36,990
Total due at signing - $1,1703.30 (1st Month Payment, Motor Vehicle, Doc Fee and Bank Fee)
Monthly payment (x35) - $446.30
  
The 48 month lease has a residual of 44% and simliar charges. The monthly lease is $456.94. Do you think it will go down further? I wonder what the inventory levels are for the RX?
#1110 of 1582
Re: is this a good deal? [Car_man] by leaser310
Dec 11, 2008 (2:51 pm)
Reply

Replying to: Car_man (Dec 09, 2008 5:32 pm)

thanks Car_Man.
 
Got the car from Lexus Manhattan (NYC). A terrible experience. The salesman said the money fctor was .00171 (and showed me that rate on their screen.) When I told him I had checked the internet and with another dealer and the rate was .00095, he said I was crazy. That was the rate YESTERDAY.
 
I accused him of lying, which I know he was. I should have walked away, but I needed a car this weekend. I finally had him meet the price of a dealer from South Jersey, but I hated to buy from him. Later he told me the money factor bump wasn't his idea, it came from the dealership. He was just a salesman trying to sell a car.
 
I made a deal -- $2730 for tax, etc up front, and $460/month for 15K. I know it's a fairly good deal compared to the prices from other dealerships, but from my calculations, I know this is more than I should be paying. The salesman argued about deducting the up front costs. He said they didn't deduct the tax and fees from the cap cost. According to others on this site he's wrong, but I didn't know enough about it to argue with him.
 
I go to pick up the car tomorrow and I'm kicking myself for having to buy from them. It wasn't just the salesman. I caught the delivery manager in a lie, too -- he wanted to sell me a car that had already been prepped when the buyer wasn't approved for financing. He said the car I wanted didn't have wheel locks and a cargo mat(it did. I had asked for the detailed car inventory).
 
This is the kind of dealership that gives car buying a bad name.
 
Leaser310

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