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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1589 messages, Last post on Dec 07, 2009 at 7:30 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: cityboy2 (Dec 11, 2008 10:34 am) 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.
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Replying to: KMS_Cleveland (Dec 11, 2008 10:46 am) 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? |
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Replying to: Car_man (Dec 09, 2008 5:32 pm) 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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Replying to: leaser310 (Dec 11, 2008 2:51 pm) |
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Replying to: KMS_Cleveland (Dec 11, 2008 9:00 am) 36 month lease/10k RX350 AWD, Navi and Premium Luxury Package MSRP $46,241 MF: .00095 Residual - 55% Selling Price $39,349 Total due at signing - $1,684 Monthly payment (x35) - $475 incl CT tax of 6.5% I am happy with this considering it is $40/mo lower than the 2006 RX330 no nav I am returning. I am sure some of you guys have/will do better since Lexus seems to be overflowing with cars in Long Beach CA that continue to arrive on ships. |
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Hey all...first time with this so bear with me. I've been reading a lot of these posts and now have one of my own. Just got the following offer earlier today for a 2009 RX350 AWD w/ the Navi package. Dealership was in Englewood, NJ. Offering fully loaded as mentioned, MSRP is just over $46k. $5,000 down (which covers first payment, tax, title, like $3,700 cap cost reduction) for $450 per month  36 months. Now this is my first offer (and first requested offer) and I feel that it's pretty good but I just wanted to throw it out there for some guidance. I've also placed a call into Warnock Lexus in Whippany but I'm still waiting to hear back from them. I'm looking to land this car before year end but I don't want to rush into the first thing thrown my way. I also don't want to wait until it's too late (even though I'm not even really sure if that's possible in this market). Any help would be greatly appreciated.
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Here's the deal I have and am preparing to move forward with tomorrow...any thoughts: (NY Metro Area) MSRP: $46241 Selling Price: $38000 36mo/10K Residual:55% MF:00095 Tax Rate: 7.375% Pymt with Tax: $439 W/o tax (for comparison) $409 Drive Off $1438 ($700 bank fee, $149 Doc (not thrilled w/this), $150 plates/reg, $439 first pymt) Thanks to everyone here for being so generous with information...It certainly makes for a more 'perfect' market.
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Thank you all for your posts - the flow of information is really helping people make attractive deals i believe. I am going today to pick up my AWD 2009 Pebble Beach Edition with prem plus and nav package - MSRP $47,456. Sales price $40,111, 45 month lease, resid of 47%, MF 0.00095, my total due at signing will be ~$700. I live in the NYC area and i purchased from Rallye Lexus in Glen Cove, NY - what i believe to be a truly professional dealership (for now). $46,241 MSRP models appear to be selling for around $38,500 sales price consistently right now - Lexus of Manhattan and Prestige Lexus in Ramsey NJ are selling them there i understand. I recognize i left a little value on the table in terms of price but instead i had them add features such as a cargo tray my wife wanted and coverage for the 10,000 mile service and maintenance. I also wanted the Truffle Mica color so supply/demand dictated that i had to pay a little premium for that choice in addition to the higher invoice price of the Pebble Beach Edition (which i think is $42,000 vs $41,300 for the Prem Plus + NAV in the Northeast). I decided to capitalize everything in the lease including my taxes and acq cost which is why my drive away costs are so low - figuring that at 2.28% APR i would like to borrow as much money as Lexus Financial would lend me and asked if they would do a side loan with me at that rate but they refused  . Once again, thank you all for your posts and good luck to all of you in these tough times.
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Replying to: nyc6035 (Dec 12, 2008 6:12 pm) That is one of the better deals I have seen in the NYC area. Good luck with your transaction. If you would be kind enough to post the dealership name, it would be appreciated. I just started my search and the first and only price I received is approx $50 more per month. Thanks.
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Replying to: skops (Dec 13, 2008 8:27 am) Sure...Prestige Lexus of Ramsey, NJ....a bit north of paramus...on Route 17....
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