- #1268 of 1568
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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 1568
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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 1568
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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 1568
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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 1568
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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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- #1273 of 1568
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Re: New Money Factors and Residuals???? [lordo]
by Car_man HOST
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Jan 14, 2009 (3:21 am)
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Replying to: lordo (Jan 12, 2009 9:47 am)
Hey lordo. Please see my previous post for the information that you're looking for. Thanks.
Car_man
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- #1274 of 1568
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Re: New Money Factors and Residuals???? [Naladog315]
by Car_man HOST
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Jan 14, 2009 (3:23 am)
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Replying to: Naladog315 (Jan 12, 2009 7:43 am)
Hi Naladog315. The money factor and dealer cash that you were quoted are correct. Lexus eliminated its special lease money factors on the '09 RX 350 for January, but it doubled its dealer cash.
Car_man
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- #1275 of 1568
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Re: New Money Factors and Residuals???? [lordo]
by Justinguo
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Jan 14, 2009 (7:43 am)
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Replying to: lordo (Jan 12, 2009 9:47 am)
New to this forum, one quick question. I am thinking to buy a 2009 400h. Given the $6,000 from Lexus to dealers, what is the reasonable price I should offer? $6,000 below invoice price? or higher? Thanks a lot
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- #1276 of 1568
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by bocastephen
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Jan 14, 2009 (12:47 pm)
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WOW, the boost in money factor makes a huge difference. I was upset at missing out on the extra 3500 cash, but when I ran the numbers through my Reg M lease calculator, the new lease price for the same deal added almost 90/month.
My original deal was around 41K, 47%, .00035 with a 506 payment.
The new deal is around 37k, 46% and .00285 with a 588 payment.
Now I'm extra happy with the deal I got, even if the price paid was much higher. Now if Lexus had kept the .00035 MF and boosted the cash to 6k, then I would be feeling grouchy.
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- #1277 of 1568
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Re: [bocastephen]
by skylab
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Jan 15, 2009 (7:40 am)
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Replying to: bocastephen (Jan 14, 2009 12:47 pm)
Yeah, me too. The deal in December definitely favored leasing over buying. This month it's the other way around. But it seems like you'd better have cash, because Lexus has apparently also done away with subsidized financing. I'm not sure that's the best way to move inventory in this economy, but what do I know?
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