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Lexus RX 350 / RX 450h Lease Questions

1587 messages,  Last post on Dec 06, 2009 at 7:23 PM

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

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#1124 of 1587 by Timelockmind Dec 14, 2008 (2:09 pm)
RX350 list 44,000 Sale price 35,000   That was at the end of November in LA. Lots of folks on this board have gotten 7 to 9 off list.   There is now an additional $1,500 cash back to the Lexus dealers so I assume someone is going to be the first to get $10,0000 off list. The best time to deal may be between Christmas and New Year.   The dealers know the 'RX 10 will be out soon, inventory is sky high, the economy is getting worse, and another interest rate cut is on its way. Replies to this message: sunshine30 (Dec 14, 2008 3:37 pm)
#1125 of 1587 Re: [Timelockmind] by sunshine30 Dec 14, 2008 (3:37 pm)
Replying to: Timelockmind (Dec 14, 2008 2:09 pm) Wow, that is a great deal. Im assuming you had to pay taxes on top of the 35,000? Guess I still have some work to do. Im not very good at this! Fortunately, we can wait until after Christmas or New Years to get a better deal. But hey, if I could get $7000-9000 off the price, I would take it now in a heartbeat! THanks for the info.
#1126 of 1587 Re: Recently completed lease deal [JBO12] by drjcool1 Dec 14, 2008 (5:13 pm)
Replying to: JBO12 (Dec 13, 2008 4:56 am) JBO12, I too am in the markert for a 2009 RX350 AWD PREM/NAV with 15k or 18k miles per year.What should I expect to pay? What is the Pebble Beach Edition? I too am on Long Island. Were you happy with your salesperson? Who did you deal with?   Thanks in advance to all who can lend a hand!!!! Replies to this message: JBO12 (Dec 15, 2008 2:24 pm)
#1127 of 1587 Re: Recently completed lease deal [drjcool1] by JBO12 Dec 15, 2008 (2:24 pm)
Replying to: drjcool1 (Dec 14, 2008 5:13 pm) dricool1 - my salesman at Rallye Lexus in Glen Cove was Karl Hernandez and thus far i am pleased with the level of service (though there were some minor things wrong with the car which need to be addressed prior to my accepting delivery). as i wrote, lexus of manhattan and prestige lexus are very competitive in pricing the premium plus + nav models which msrp for $46,241 - those have been selling pretty consistently at 38.0k to 38.5k at those locations. the pebble beach is a ltd edition with a slightly higher msrp, therefore i had to pay a higher price for the vehicle. there are really only 2 feature sets available in the northeast - premium plus with or without the navigation unit. the navigation adds about 2900 to msrp.
#1128 of 1587 RX350 Lease by Krovopiytza Dec 15, 2008 (6:12 pm)
Hi,   I just got quoted for RX350 AWD PREM with 36/10k in MA. Total out pocket $1,365. 379 per month incl 5% taxes. is this a good deal?   Thanks. Replies to this message: cityboy2 (Dec 15, 2008 9:24 pm)
#1129 of 1587 Re: Lease by tjim Dec 15, 2008 (6:55 pm)
Replying to: Timelockmind (Nov 27, 2008 4:25 pm) closed Nov 29 on RX350 premium plus (no nav) MSRP 42766, base cap cost 36500, MF .00095, 2625 initial pmt, monthly 446.33 plus tax for 36 month, 12k miles. The 2625 is a security deposit (refundable at lease end) which reduced the money factor. Dealer is Lexus Marin in N. Cal - very professional and no BS   Hope this helps those of you still shopping.
#1130 of 1587 Re: RX350 Lease [Krovopiytza] by cityboy2 Dec 15, 2008 (9:24 pm)
Replying to: Krovopiytza (Dec 15, 2008 6:12 pm) It would be easier, if you tell us at least MSRP. But it looks like a rock bottom price. Mind to tell the dealership name/location?
#1131 of 1587 Critique this Deal Please (Central Florida Area) by ufmack Dec 16, 2008 (1:11 pm)
Received initial offer for leasing a 2009 RX350 FWD base model with Premium Package and a few small extras and would appreciate help evaluating the deal.   36 months/15K miles per year MSRP: $40,776 Selling Price: $36,563 MF: .00095 Residual: 52% Florida Sales Tax (estimate): + $2,285.27 Tag/Registration Fees (estimate): + $330.00 Tire/Battery/MVWEA: + $6.50 Title Fee: + $25.00 Dealer Service Fee: + $599.95   With $2,500 due at signing, monthly payment = $511 With $5,000 due at signing, monthly payment = $437   Can anyone suggest ways to work on this deal to better it?   Thank you. Replies to this message: cityboy2 (Dec 16, 2008 5:13 pm) ufmack (Dec 17, 2008 7:39 am)
#1132 of 1587 Re: Critique this Deal Please (Central Florida Area) [ufmack] by cityboy2 Dec 16, 2008 (5:13 pm)
Replying to: ufmack (Dec 16, 2008 1:11 pm) My opinion. Bad deal! You could do much better nowadays. 1. Selling price. Invoice price for this car is about $36,200. Never buy/lease a car above invoice price. Right now (December) dealers are also chopping about $2,000 off from invoice. So your aim price for negotiation should be around $34,000 for this car configuration. 2. Do not pay anything up-front except: Tag/Registration Fees Tire/Battery/MVWEA Title Fee Dealer Service Fee. BWT $599.95 is well above average ($250) and 1st month payment. Your average out of pocket should be ~$1500. 3. Include all your tax in the monthly payment. 4.You shall not negotiate MF and Residual. 5. Considering all of the above your monthly payment before tax should be ~$420. with tax (8%) included $453/month. In reality some dealers can do even better. It would be very surprising if car market in Fl is as hot as last summer. Replies to this message: ufmack (Dec 17, 2008 7:39 am)
#1133 of 1587 Re: Critique this Deal Please (Central Florida Area) [cityboy2] by ufmack Dec 17, 2008 (7:39 am)
Replying to: cityboy2 (Dec 16, 2008 5:13 pm) Thank you so much. I agree on the price being too high. Also, do you know whether the $2,500 factory to dealer rebate is something that I can bargain with on this deal? I plugged these numbers into a lease calculator myself and was not able to duplicate the payments being offered - it seemed as though there were either hidden fees or double taxes somewhere. I'll try to do better. Thanks again.

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