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Lexus RX 350 / RX 450h Lease Questions

1570 messages,  Last post on Nov 28, 2009 at 7:02 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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#1157 of 1570
Help Please and comment by dealmaker2008
Dec 20, 2008 (10:22 pm)
Reply
I need somebody to critque these 2 quotes I received:
Quote 1 09 RX 350 FWD Nav, Luxury Edition, (includes Premium), Mark Livingston System, Rear Entertainiment, very loaded vehicles but with 5K miles on it. Claimed to be a factory demo. MSRP $48,476;
$3000 TDO, 12K/36 Resid $24,804 and $489 incl tax per month;
Quote 1 09 RX 350 FWD Nav, Luxury Edition, (includes Premium) MSRP $43,256 Residue $23,679 RSO $3,000; 12K/36 $482/month;
 
Offered Quote 1 for $482/month and $23,679 Residual but not taker by the dealer. Offered OK on $482 but not on residual but willing to increase mileage.
 
What do you think about these deals ? What do you think I should offer if I were to finance? Would 8-9K off MSRP appropiate? confuse:
#1158 of 1570
RX 350, AWD, No Nav, Lease Offer by danmiller3
Dec 21, 2008 (3:33 am)
Reply
Have the following lease offer. Would like to sanity check with this group.
 
RX 350
AWD
No Navigation
MSRP: 42,171
Miles per year: 15,000
36 months
$1,489 down (no cash, just fees and first payment)
 
$439 per month, plus tax (no cash down)
 
It seems like an excellent deal based on the national deals I've seen.
 
Let me know thoughts.
#1159 of 1570
RX350 AWD No Nav by Cali123
Dec 21, 2008 (5:42 am)
Reply
First, does anyone know the current residual and money factor. I am seeing 54% on 12,000 miles and .00095 or 0.00085 which is correct? Also, what is the average discount in the NorthEast NJ.
 
I am getting around $6200 off in NJ is that good or bad on an RX350 AWD No Nav?
 
Thanks
#1160 of 1570
Re: RX 350, AWD, No Nav, Lease Offer [danmiller3] by dealmaker2008
Dec 21, 2008 (8:28 am)
Reply

Replying to: danmiller3 (Dec 21, 2008 3:33 am)

Dan Miller, the deal sounds right comparing to the national December to Remember deal $429, 12K/36 month. Esp. withAWD and $1489 down, which means you have no capital reduction in TDO. Consider putting a refunable security deposit say 1K to get another $10/down per monthly. Thats means you save $360 per month by putting in $1000 (you get it back at end of lease) which is good return. Can you get information about this dealer?
#1161 of 1570
Lease Offer 400h by spingrinder
Dec 21, 2008 (5:54 pm)
Reply
Asking for comment on the following lease offer:
 
09 RX 400h - FWD
36 mo, 12k/yr lease,
Navi (No Levinson) Premium package, leather/wood trim,
$895 drive off, $520 mo., + Tax/fees
$24400 residual.
 
Thank you.
#1162 of 1570
Lease Offer 2009 RX350 AWD by Cali123
Dec 21, 2008 (6:13 pm)
Reply
Please comment on this lease offer for NJ
 
36 months
12,000 miles
No Nav
list $42770
$500 a month tax included
No money out of pocket sign and drive
 
Let me know if this is a good deal
#1163 of 1570
Re: Bay area offers [dealmaker2008] by rain_man
Dec 21, 2008 (7:08 pm)
Reply

Replying to: dealmaker2008 (Dec 20, 2008 9:52 pm)

The discount does not appear to depend on whether you purchase and lease. Is that your experience?
#1164 of 1570
Re: Bay area offers [rain_man] by dealmaker2008
Dec 21, 2008 (11:18 pm)
Reply

Replying to: rain_man (Dec 21, 2008 7:08 pm)

Rainman;
My experience is that discount does matter. You get more for lease or cash. Pulled the plug on a 09 FWD RX 350 with Keyes Lexus in Van Nuys. Over-whelmed with their service. In and out the door in 3 hours or less.
The deal
12K/36 months, TDO $3,000; Monthly$450.89 included tax;
Vehicle MSRP $46,500; marked up by dealer to about $48,500 for dealer preparation.
Smokey Granite (difficult to find with Mark Livinston) Chrome wheel, Mark Livinston, PP, the work; even get first 2 years service free,
Happy with the deal as the sales people are extremely courteous for the duration and not try to pull a penny more from me which is important.
Hands up to Keyes
#1165 of 1570
Re: Bay area offers [dealmaker2008] by LexusGirl2009
Dec 22, 2008 (5:12 am)
Reply

Replying to: dealmaker2008 (Dec 21, 2008 11:18 pm)

Hello All...
 
I am anticipating going to the Cherry Hill, NJ dealer on Tuesday or Wednesday. Has anyone had any experience at this dealer?
 
Also, I am trading in my used ES300 2002 (I know I am going to get slaughtered on the trade), but I do not want to haggle with outsiders at this point. Plus, I do not want to miss the great opp for the D2R speacials at the end of the year.
 
Can anyone tell me exactly what is feasible to put on the table at the NJ dealer? I know depending on the area will dictate the deals.
 
Thanks in advance folks!
#1166 of 1570
Re: Bay area offers [LexusGirl2009] by dealmaker2008
Dec 22, 2008 (8:09 am)
Reply

Replying to: LexusGirl2009 (Dec 22, 2008 5:12 am)

Lexus Girl: There is a haggle factor that is sometimes more important than what you paid as the process can be painful. Go to a reliable dealership is important. They sold us the display vehicle with the red bow on it in the show room and waxed it for us. Try to avoid buying after options after lease is done such as life time tire replacement, low jacks and so forth. They add more to your payment and do not add any percevied values. This is first time we deal with a Lexus dealer and both myself and wife are very happy. Good luck and happy holidays.

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