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Lexus RX 350 / RX 450h Lease Questions

1575 messages,  Last post on Nov 30, 2009 at 8:27 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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#1127 of 1575
Re: Recently completed lease deal [drjcool1] by JBO12
Dec 15, 2008 (2:24 pm)
Reply

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 1575
RX350 Lease by Krovopiytza
Dec 15, 2008 (6:12 pm)
Reply
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.
#1129 of 1575
Re: Lease by tjim
Dec 15, 2008 (6:55 pm)
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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 1575
Re: RX350 Lease [Krovopiytza] by cityboy2
Dec 15, 2008 (9:24 pm)
Reply

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 1575
Critique this Deal Please (Central Florida Area) by ufmack
Dec 16, 2008 (1:11 pm)
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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.
#1132 of 1575
Re: Critique this Deal Please (Central Florida Area) [ufmack] by cityboy2
Dec 16, 2008 (5:13 pm)
Reply

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.
#1133 of 1575
Re: Critique this Deal Please (Central Florida Area) [cityboy2] by ufmack
Dec 17, 2008 (7:39 am)
Reply

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.
#1134 of 1575
New money factor rates? by JBO12
Dec 17, 2008 (8:31 am)
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Car man and others - does anyone know if Lexus Financial will alter their money factors given the big cut in interest rates yesterday? thx.
#1135 of 1575
Update on my deal by fanat
Dec 17, 2008 (10:21 am)
Reply
RX 350 lease 36 months/10K. Prem+Navigation!
 
After talking to different dealers in NYC area for couple of days the deals I'm getting are:
 
About 2700 total due at signing (taxes + 1st months payment, bank fee, licence and registration).
 
450 per month (no taxes, taxes paid upfront and included in the 2700)
 
Now, one dealer told me they could lower the monthly payment by 20 dollars which brings me to 430!
 
Is it possible to go even lower? How much lower is realistic?
#1136 of 1575
Re: Update on my deal [fanat] by cityboy2
Dec 17, 2008 (11:48 am)
Reply

Replying to: fanat (Dec 17, 2008 10:21 am)

Hard to answer w/o knowing your MSRP. If it's within $45,500, then $430 before tax would be your ballpark number.

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