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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1574 messages, Last post on Nov 30, 2009 at 1:50 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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
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Replying to: danmiller3 (Dec 21, 2008 3:33 am) |
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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.
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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
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Replying to: dealmaker2008 (Dec 20, 2008 9:52 pm) |
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Replying to: rain_man (Dec 21, 2008 7:08 pm) 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
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Replying to: dealmaker2008 (Dec 21, 2008 11:18 pm) 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!
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Replying to: LexusGirl2009 (Dec 22, 2008 5:12 am) |
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Replying to: rain_man (Dec 20, 2008 1:13 pm) Putnam - Sleazy. Bait and switch. Told me they had the RX I want - and would be competitive with quote from other dealer. Although confirmed in email and over phone the terms and that I do not want to waste any time - upon arrival, they immediately tried to upsell to Levinson and Pebble Beach b/c didn't have my options. Sales team sits you in their office and goes back and forth to their manager "to see what I can do".... What a crock. Putnam is the Ugly Stepchild of Lexus dealers in the Bay Area. Its run like a subprime brokerage. Suggestions: 1. do not visit dealer without reading exact terms required to beat to earn your business; 2. ask if they have the model, colors, options at the dealer; 3. When ready to do deal - you want transaction to move quickly - tell salesman that if there is any waivering from agreed terms, you are leaving - AND BE WILLING TO LEAVE . 4. When enter dealer - and if any waivering from terms or not directly answering your question - LEAVE!!! Stevens Creek - Brian Crocker was great. Straightforward. Did a great job making process smooth and not playing games. Here's what we got: 2009 RX 350 36 months / 15K miles .00095 MF - standard .52% Residual - standard at 15K $970 - 1st month + fees $550/month (taxes included) Some suggestions: 1. Start with Overstock.com - Pleasanton and San Jose are members and will contact you after you complete the form (drops invoice by $2500 or so). Gave me a better idea of how to break down the pricing from base to each option. 2. Determine which dealer(s) have the most inventory. I think this is on Edmonds.com. 3. Take best overstock price and drop by at least another $2,000. (This should be  $9K off MSRP) 4. Call each dealer and tell them what you've been quoted (on Overstock and this forum). If they can beat, you will do the deal today. 5. Throughout - it really helps if you realize that Lexus is really desperate. Their sales are down 35% from last year, the economy stinks, they have a 2010 version coming in February. They have month-end and year-end quotas - and are absolutely willing to take losses of $1,500 (after contributing the $2,500 in Lexus marketing support) to lower the price of the RX. LAST THOUGHT - it may make a lot of sense for those shopping now to get together and contact dealers as a group. The dealers will be even more aggressive if they're moving more than 1 at a time. |
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Replying to: scoutandatty (Dec 22, 2008 11:38 am) I like the idea of buying as a group, but think that coordination, such as timing, would be difficult. What was your experience with Pleasanton? It is a bit of a drive out there, and I was wondering if it is worth the trouble. Let me add to those who are looking at the hybrid: The discounts offered on RX400h are at least as good as those on RX350. I.e. you should also be able to get $9k off an 400h.
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