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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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#1241 of 1570
Re: RX350 long island NY area [umbu] by vegasgrl13
Jan 06, 2009 (6:42 am)
Reply

Replying to: umbu (Jan 04, 2009 3:32 pm)

Hi Umbu
 
I just leased my RX350 on Long Island and this is what I paid
Total at signing 2800 (including taxes) and first month
AWD-Premium Plus (18in wheels etc) package but no Navi
36m/12K
MF .00095
Residual 54%
Monthly payment 395 (includes taxes)
Hope this helps
#1242 of 1570
Re: New Lease Programs for Lexus [lmueller] by NRI
Jan 06, 2009 (7:43 am)
Reply

Replying to: lmueller (Jan 05, 2009 9:12 am)

Looking at this scenario, is it possible to re-negotiate the deal
as I brought the car home yesterday.
#1243 of 1570
Long Island NY by NYR2009
Jan 06, 2009 (9:12 am)
Reply
Where did you get that great deal on Long Island? I have been negotiating back and forther for the last couple of weeks with several dealers in the tri-State area and it would certainly be helpful to have "fuel" to add to the fire. Thanks in advance.
#1244 of 1570
Re: Long Island NY [NYR2009] by NRI
Jan 06, 2009 (9:43 am)
Reply

Replying to: NYR2009 (Jan 06, 2009 9:12 am)

I got 12k/36 msrp 43591 4450/mo + 1700 inception , MF = 00095 ( 2.28 apr)
residucal = .54
lexus of Edison, NJ
 
not sure if this can be rengotiated based on new MF = .00039
#1245 of 1570
Re: Long Island NY [NRI] by briegel
Jan 06, 2009 (10:08 am)
Reply

Replying to: NRI (Jan 06, 2009 9:43 am)

The new money factor is .00039? Is that for January?
#1246 of 1570
Re: Long Island NY [briegel] by NRI
Jan 06, 2009 (10:19 am)
Reply

Replying to: briegel (Jan 06, 2009 10:08 am)

Don't have any idea if lexus leasing has changed the MF to .00039.
someone posted that the MF has changed .
#1247 of 1570
MF discrepancies by lmueller
Jan 06, 2009 (10:27 am)
Reply

Replying to: NRI (Jan 06, 2009 9:43 am)

I cannot say for sure, but all I was told was that it was INCREASING to .00395 from .00095 (big difference that extra zero makes). The poster who had a similar MF for his lease was talking about an RX400h which may have different MF and residuals than an RX350.
#1248 of 1570
Re: New Lease Programs for Lexus [NRI] by lmueller
Jan 06, 2009 (10:32 am)
Reply

Replying to: NRI (Jan 06, 2009 7:43 am)

I'm not exactly sure what you mean about renegotiating. Perhaps they will allow you to add the security deposits and buy down your rate at this point, but I doubt they will renegotiate the selling price and other terms, etc. It is up to you if you want to let them hold your money for three years. In our opinion, it was worth it.
#1249 of 1570
Re: 09 RX350 AWD 36Mo/10K [umbu] by lmueller
Jan 06, 2009 (10:35 am)
Reply

Replying to: umbu (Jan 04, 2009 4:41 pm)

"What type of down payment is reasonable?"
 
None.
Any money you put toward cap cost reduction you will never see back again unless you plan on buying the car in the end. Each state and lender is different as to what they require to be paid up front. Some roll taxes into the payments, others require them to be paid at the begining. Try not to put anything down other than what is actually required.
#1250 of 1570
Re: 09 RX350 AWD 36Mo/10K [lmueller] by rain_man
Jan 06, 2009 (12:37 pm)
Reply

Replying to: lmueller (Jan 06, 2009 10:35 am)

Why do you say that "any money put towards... you will never see back again..."?
Are you saying that a security deposit will not be returned by the end of a lease?
 
A security deposit can earn a huge return, because it lowers the MF. I bought an RX400h in December. By putting down two monthly payments as a security deposit the MF went from .00035 to .00015. Which lowers the monthly interest by about $14. I think this come out to about 15% annual interest on the deposit.
 
The security deposit deal on an RX350 is even better (or was in December), because the security deposit lowers the MF from .00095 to .00015, that should lower your monthly payment by more than $40.

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