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Lexus RX 350 / RX 450h Lease Questions

1569 messages,  Last post on Nov 28, 2009 at 5:17 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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#1214 of 1569
Re: Is this a good lease? [vegasgrl13] by vegasgrl13
Jan 02, 2009 (7:31 am)
Reply

Replying to: vegasgrl13 (Dec 31, 2008 8:20 am)

MSRP is actually 41K sell price 36K
buyout in the end 23,571 can anyone tell me if this is a good deal (see prior post for all details) I would really appreciate any input
 
Thanks so much!
#1215 of 1569
Re: Is this a good lease? [vegasgrl13] by skylab
Jan 02, 2009 (8:19 am)
Reply

Replying to: vegasgrl13 (Jan 02, 2009 7:31 am)

The other numbers in your original post look right (54% residual. 0.00095 money factor) but you should be able to get the purchase price down quite a bit more. Several folks here have managed to get $8K or more off sticker on RX350s recently, which would take you down to around $33K. I would try and pay only fees out of pocket (aim for $1,500) and that gets you to a payment of about $355 a month (before taxes).
 
PS: The $23,571 buyout doesn't square with the 54% residual. Not sure what's going on there.
#1216 of 1569
RX 350 lease by DaniZ
Jan 02, 2009 (8:26 am)
Reply

Replying to: Car_man (Dec 28, 2008 6:52 am)

I am getting the following deal. Need to validate if it is worth it?
 
2009 RX350 AWD with Premium pkg, 18" wheels, multi stage heated front seats, rain sensing wipers, headlamp washers, towing prep pckg, cargo mat and wheel locks. MSRP $42776
 
Getting it for $470 pm. Lease for 36 months 12K miles a year. Absolutely NO money down not even first month lease payment.
#1217 of 1569
Re: Update on my deal [lex_nj] by fanat
Jan 02, 2009 (11:37 am)
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Replying to: lex_nj (Dec 24, 2008 3:48 am)

I've picked up my car yesterday,
 
RX350, AWD, Premium + navigation.
$435 per months excluding taxes
About 2,600 at signing - taxes are around 1300 + 700 bank fee and 1st month payment.
 
I gave up on 435 because arguing further was really starting to get on my nerves and I gave up
#1218 of 1569
Re: Is this a good lease? [skylab] by vegasgrl13
Jan 02, 2009 (11:54 am)
Reply

Replying to: skylab (Jan 02, 2009 8:19 am)

thanks skylab for the reply....do you know what the residual should be? I don't know how to calculate it
#1219 of 1569
Re: Is this a good lease? [vegasgrl13] by skylab
Jan 02, 2009 (12:01 pm)
Reply

Replying to: vegasgrl13 (Jan 02, 2009 11:54 am)

The residual should be 54% of the MSRP, which you said was $41K. So -- $22,140. Unless the residuals have now changed in January.
#1220 of 1569
Re: Is this a good lease? [skylab] by vegasgrl13
Jan 02, 2009 (12:47 pm)
Reply

Replying to: skylab (Jan 02, 2009 12:01 pm)

Hi skylab you are absolutely on the money (guess my memory isn't so good) the actual MSRP is 43,591 and sell cost is 36,074 so about 7500 off.
 
and the buyout is 23,539
 
they will not budge anymore on price, its 2800 down and 395 a month including taxes from what I hear this is still a good deal in NY at least.
#1221 of 1569
Anyone have any luck in Texas? by lmueller
Jan 02, 2009 (2:50 pm)
Reply
Thank you to all of you who have posted your lease deal info on this forum. It has been very helpful thus far. After going in to my local Lexus dealer last week and test driving an RX350, I emailed the sales consultant who helped me with some of the deal details that folks have been posting on this forum (specifically AWD RX350, prem +, nav, heated seats, 18" liquid graphite wheels, tow pkg, etc.) for 36 months/12K year. I let him know that folks have been getting in the $450/month range with taxes with about $1600 out of pocket at inception.
 
Before he even called me back, he had taken this info to his manager and the finance manager. To sum things up, they are no where near the ballpark at all. Only discounting the car $4500 (and they made this sound generous). The finance guy had no idea about the .00095 MF (they quoted .00195). Payments well over $600 (ouch!).
 
To their credit, everyone I have spoken to has been quite professional and nice, but we are just not on the same page numbers wise. They suggested that if I could verify that folks are getting this sort of deal in this area (not NY/NJ/MA or CA), they would take another look at it.
 
Has anyone had any recent experience with dealers in Texas? Otherwise buying a plane ticket to CA or NJ would be cheaper than leasing from here!
 
Thanks in advance!
#1222 of 1569
Re: Anyone have any luck in Texas? [lmueller] by jkenley
Jan 02, 2009 (3:40 pm)
Reply

Replying to: lmueller (Jan 02, 2009 2:50 pm)

It's the same thing here in NC. No one here can touch the deals that are reported on this board. It's frustrating knowing people are getting this car at deals that I can't come close to.
 
I did call down to the largest Lexus dealership in the country, JM Lexus in Miami. They were able to come very close and I am thinking of doing business with them. The only hiccup is that you would have to have the car shipped to you but for the savings, it's worth it.
 
JM Lexus is the same dealership Fleetrates.com uses for those in the SE but they were able to come in lower than Fleetrates.com. BTW, Fleetrates is a legit business, they are brokers but I feel better dealing direct with a dealer.
#1223 of 1569
RX350 Lease: Premium w/ Navi- Is this a god deal??? by jamie52
Jan 02, 2009 (10:13 pm)
Reply
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???

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