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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1568 messages, Last post on Nov 23, 2009 at 11:26 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: NRI (Jan 06, 2009 7:43 am) |
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Replying to: umbu (Jan 04, 2009 4:41 pm) 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.
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Replying to: lmueller (Jan 06, 2009 10:35 am) 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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Replying to: rain_man (Jan 06, 2009 12:37 pm) On the other hand, a security deposit is not a cap cost reduction. I agree with you 100% that putting down multiple security deposits can significantly lower your payment and give a very attractive rate of return. In my earlier post you can read the details of our doing this very thing yesterday in the lease of our new RX350. Each deposit (which is refundable) lowers the MF by .00001 (not .0001) up to a total of .00008 in the case of multiple security deposits. If we had maxed out the security deposit option, in our case our payment would have been lowered by nearly $50. We opted instead to go with 6x the deposits and keep some of that money liquid. I am not sure why more people do not take advantage of this option. Both the sales person and the finance person we dealt with said that they never do this, but were happy to do it for us. I hope this clarifies what I was trying to say.
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Replying to: jkenley (Jan 02, 2009 3:40 pm) For the same cost of trucking the car from FL, you could probably truck it from CA and get a better overall deal. |
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Replying to: vegasgrl13 (Jan 06, 2009 6:42 am) Would you be kind enough to share the dealership and salesperson you dealt with? Thanks in advance!
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I am trying to find out what the money factor and residual is for a 2008 rx 400h 36 month lease..Additionally i would like to know what credit scores are required for tier 1 and tier 1+ I am a current toyota owner with an excellent payment history and would also like to know if any incentives are offered for that..
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I would like to know if anyone can give me a ballpark on what i should be paying for a RX400h 15k 36 month lease.. and if anyone can recommend a good dealer Thanks |
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