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Lexus RX 450h, Lexus RX 350, Car Leasing, SUV
#1186 of 2772 Dec 24 Lease on 2009 RX 350 AWD
Dec 24, 2008 (11:01 am)
Just wanted to post the lease deal I signed today on a 2009 RX350 AWD Premium Plus Package; Luxury Value Edition. I have looked at other deals here on Edmunds ' forums and I'm pleased with the deal. Hope this helps others.
MSRP = $39,100
With options and Delivery Processing & Handling = $42,776
Sell Price = $36072.12
Adjusted Capitalized Cost (incl. taxes) = $37187.54
Rent Charge = $2,061.82
Residual = 54%
Money factor = .0095
Monthly payment incl. tax = $448.62
Amt due at lease signing = $1,000 (1st month, title, docs, etc.)
Warnock Lexus, NJ
#1187 of 2772 Re: 09 RX350 AWD 36Mo/10K [nyc6035]
Dec 24, 2008 (11:25 am)
that's definitely the best deal that I've seen on this board. I deal with Prestige all of the time too - they are definitely the most aggressive dealer (largest in NE I believe) in that area. $409 (before tax) for a nav/AWD with no cap cost reduction and only the inception fees is a steal. Congratulations - enjoy the ride!
#1188 of 2772 Re: 09 RX350 AWD 36Mo/10K [nyc6035]
Dec 24, 2008 (12:20 pm)
Great post, very detailed and great deal. Congrats!
I'm trying to close similar deal for the last two days with the same dealership, but so far haven't get anywhere close to your numbers ($409). They are sticking to $450 for the same car, but without NAV (this should be about $2600 less in MSRP). Amazing! I was trying to recreate your numbers using car lease calculator http://www.leaseguide.com/calc.htm but after plotting all your numbers it comes to $417 before tax. I offered them this, but without any luck. He (dealer) told me with laughter that he would lease himself for this price, and it is impossible that somebody from Prestige leased it for this price, and if I can prove that it was bought from their dealership he would be obligated to match the price. I do not know if you are willing to disclose some more info about this deal, but if you do email me to jacob777_98yahoo.com
Dec 24, 2008 (12:40 pm)
Just wanted to share details and experience with others as I found this forum extremely helpful.
Will be finalizing paperwork and picking up car before the 31st.
RX350 with Nav - MSRP $46,241
Selling price $38,365
Monthly payment $489 including taxes at a rate of 7.375%
Drive off- 1st month plus transfer for plates - dont have exact figure but $600 plus
I worked with local dealer who provided very professional service (also did test drive). The initial quote was at a selling price of $39,500 and I emailed him that I was seeing prices on this forum at $38k from a fairly local dealer and that I would like to give him the business but was willing to go elsewhere. He came back at the above mentioned price which in effect was maybe $11 more per month than $38k which I still had to work for. The only temporary glitch was that after running my credit report, they said I did not qualify for the Tier 1 plus but rather the tier 1 which would add $7 per month. Not that it would be a deal breaker but was concerned that this was a tactic to up the price. I asked how far off I was and if there was any flexibility if I was borderline. He then called me back and said the GM was able to negotiate the better rating. This gave me comfort that no games were being played. I am now able to drive less than 10 miles to get the car and it feels good to be able to give the business to someone I met in person and who delivered excellent service. Thanks to all on this forum and good luck.
#1190 of 2772 Re: 09 RX350 AWD 36Mo/10K [cityboy2]
Dec 24, 2008 (2:58 pm)
I'll dig out the paperwork and get you some additional info by PM shortly.
#1191 of 2772 Re: 09 RX350 AWD 36Mo/10K [cityboy2]
Dec 24, 2008 (3:28 pm)
I can't get that deal either. you should probably be paying 410-415 for non-nav and 440-450 for nav in the northern jersey area - Prestige is probably the most likely to give that. That's the best that i've seen so far, except for nyc6035's deal. Again, this is all with no cap cost redux and before taxes.
Dec 27, 2008 (1:39 pm)
I am planning to lease 2009 RX 350, awd, Premium Plus in norther va. I would like to roll over everything into my monthly payment with no cash out except 1st instalment at signing.What should be the good deal for monthly payments.
I would appreciate if somebody could help on this.
#1193 of 2772 RX350 Lease: Premium w/ Navi- Is this a god deal???
Dec 27, 2008 (1:50 pm)
I just got a new 2009 RX350 lease with Premium Package, Navigation, Heated Seats, iPod Hookup in Dash and Sirius Hookup for about $450 down (which included all tax, title and license fees) and my monthly, including tax, is $490. It's a 3 year lease with 10k miles annually. The MSRP was around $43k. I got this deal in Southern California.
Is this a good deal???
#1194 of 2772 Re: New money factor rates? [JBO12]
Dec 28, 2008 (6:43 am)
Hi JBO12. While a cut in the federal funds rate theoretically lowers the cost of money for banks, moves by the Federal Reserve usually do not have an immediate impact upon the interest rates that auto finance companies charge consumers. Lexus Financial Services' current lease program is scheduled to run through January 5th. I do not expect it to make any changes to it before then.
Traditionally, Lexus' "December to Remember" lease program is its most aggressive of the year. Normally, I would not be surprised if its January program was not as attractive as its December program, but we are in extraordinary times right now. The demand for new vehicles has never been worse...so Lexus might try to keep its current programs in place for a while longer. It's always tough to say exactly what manufacturers will do with their future lease programs.
Prices Paid: Buying & Leasing Experiences Forum
#1195 of 2772 Re: RX350 AWD No Nav [Cali123]
Dec 28, 2008 (6:48 am)
Hi Cali123. According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Lexus RX 350 AWD without navigation with 12,000 miles per year are .00095 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier.
Prices Paid: Buying & Leasing Experiences Forum