- #1263 of 1529
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Re: Lexus rx400h money factor and credit score [lordo]
by bocastephen
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Jan 07, 2009 (9:50 pm)
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Replying to: lordo (Jan 07, 2009 5:52 am)
I don't know what the numbers are post-december to remember, but it depends on your region.
Eastern US only got MF as low as .00095, while the West Coast enjoyed a top tier MF of .00035, which is why I leased my car from California (definitely NOT Lexus of Santa Monica, don't waste your time with them). .00035 was available to applicants with 720 or better.
Residuals on both coasts for the 2WD was 47% for 15K miles.
What they're offering after Jan 5? I have no idea.
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- #1264 of 1529
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Re: RX350 long island NY area [NYR2009]
by vegasgrl13
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Jan 08, 2009 (6:21 am)
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Replying to: NYR2009 (Jan 07, 2009 7:13 pm)
HI NYR2009,
I truly apologize I have been too quick to reply without double checking.
Tax was paid up front not in monthly payment
2800 includes
1286.86 in taxes
342 cap cost red
700 aquisition
395 first month
and then the smaller fees tires etc.
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- #1265 of 1529
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Re: RX350 long island NY area [vegasgrl13]
by NYR2009
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Jan 08, 2009 (6:56 am)
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Replying to: vegasgrl13 (Jan 08, 2009 6:21 am)
Thanks for the clarification. You definitely got a great deal. I was offered a deal for $450/month, which I thought was taxes included. When I sat down with the financial manager, we went over the numbers and they asked me to bring a check for over $2K which I questioned. I was originally told that there would be around $1600-1700 due at pick-up. He said it was because the taxes were included. I've been leasing cars for over 20 years and never pay my taxes up front! They then re-calculated the monthly payment to just under $500, so I told them the deal was off. I also have a few months to go on my current RX330 and they would have taken it back, but somehow they were building the remaining payments into the future payments (kind of sleazy, I think). I wouldn't mind speaking with you further.
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- #1266 of 1529
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Re: RX350 long island NY area [NYR2009]
by vegasgrl13
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Jan 08, 2009 (8:06 am)
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Replying to: NYR2009 (Jan 08, 2009 6:56 am)
Hmmm...that does sound shady. I was initially quoted ridiculous pricing they came down by a lot right away but then they told me I would have to pay 3k down and 399 month and they wouldn't budge (they did in fact let me walk out the door) a few days later they came down a bit more and we settled on the deal I mentioned above.
I did have to take ownership by 12/31/08 as part of the deal so maybe that played a factor not sure.
Did you deal with Richard the finance manager? Waht MF and residual?
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- #1267 of 1529
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Re: RX350 long island NY area [vegasgrl13]
by NYR2009
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Jan 08, 2009 (8:19 am)
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Replying to: vegasgrl13 (Jan 08, 2009 8:06 am)
All of this "wheeling and dealing" is so unpallitable. And, this "December to Remember" that the dealerships keep quoting makes one feel that it's the "deal of a lifetime" ... like it's your LAST CHANCE and "you'll be sorry" if you don't get in on it!!
Get real people -- look where our economy is these days. Are there that many people banging down their doors buying all these luxury cars that they can let people walk right out? Although I certainly feel they are entitled to make something on a deal, but the pressure they place is horrific.
Unfortunately, I prefer leasing than purchasing, so I have to go through this nonsense every 3 years -- ugh!
I dealt with a different finance manager than the one you mentioned. It was the same MF and residual, if I remember correctly.
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- #1268 of 1529
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Re: 09 RX350 AWD 36Mo/10K [lmueller]
by lex_nj
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Jan 10, 2009 (1:45 am)
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Replying to: lmueller (Jan 06, 2009 1:17 pm)
I think the reason you don't see MSDs used that often is because folks just don't have that kind of cash to pay up front (even if you do get it back). I think you just want to get out the door with the least amount of money out of pocket (i.e. $0 except for the essentials) when you lease, but I suppose if you can afford it, then it makes sense. I guess I look at it from a totally different angle. Also, if the car is stolen or totaled, I don't want to take the chance that the MSDs wouldn't be refunded to me after LFS gets the payout from my insurance company.
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- #1269 of 1529
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Re: 09 RX350 AWD 36Mo/10K [lex_nj]
by lmueller
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Jan 10, 2009 (9:46 am)
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Replying to: lex_nj (Jan 10, 2009 1:45 am)
I understand completely. For us it came down to where we would be better served keeping that $, and in the long run the MSD's seemed the best financial choice given the alternatives. We didn't feel right putting down the max (close to $5000), but were comfortable with where we ended up. I did ask specifically what would happen if the car was totalled, and they said that we would still get the security deposits back (it might just take a while). I figure that Lexus will want a repeat customer so they would be best served by not trying to screw around with someone about to turn in their car (and potentially lease/purchase another one). I guess we'll know for sure in about 36 months! If anyone has any experience with this, I'd love to hear about it.
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- #1270 of 1529
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New Money Factors and Residuals????
by Naladog315
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Jan 12, 2009 (7:43 am)
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Anyone know what the current MF and Residuals are for the RX350? I am being told that the MF went up to .00285 and the residual down to 51% in conjuction with the increase of dealer cash from $2500 to $5000. Anyone know if this is true?
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- #1271 of 1529
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Re: New Money Factors and Residuals???? [Naladog315]
by lordo
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Jan 12, 2009 (9:47 am)
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Replying to: Naladog315 (Jan 12, 2009 7:43 am)
Does anyone know what the Money factor and residual are for the rx 400h
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- #1272 of 1529
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Re: Lexus rx400h money factor and credit score [lordo]
by Car_man HOST
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Jan 14, 2009 (3:20 am)
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Replying to: lordo (Jan 07, 2009 5:52 am)
Hi lordo. As one might expect, Lexus is not providing lease support on the 2008 RX 400h any longer. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease money factor. It believe that LFS' current buy rate standard factor is .00285 for consumers who qualify for its top aka "Tier 1+" credit tier. The residual value for a 36 month lease of a base '08 RX 400h AWD with 15,000 miles per year is 46%.
When negotiating your lease on this truck, make sure to take advantage of the $6,000 dealer cash that Lexus is providing on it.
Car_man
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