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Lexus RX 350 / RX 400h Lease Questions

1530 messages,  Last post on Nov 10, 2009 at 8:23 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Lexus RX 330, Lexus RX 350, Lexus RX 400h, Car Leasing, SUV


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#1285 of 1530
2005 Lexus RX330 AWD Pricing by Robynn
Jan 21, 2009 (9:02 am)
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This is my first time buying a pre-owned car so i selected the certified program.
It is listed for $25,888 with 45897 Miles, fully loaded.
 
Any suggestion on negotiating the price is welcome.
 
edited to add - i'm in southern california
#1286 of 1530
Re: 2005 Lexus RX330 AWD Pricing [Robynn] by tranav
Jan 21, 2009 (5:36 pm)
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Replying to: Robynn (Jan 21, 2009 9:02 am)

Hi there,
Why do you buy 2005 pre-own at $25K? You can buy 09 RX350 FWD without Navi at around $31500 (MSRP $40551) right now (deal expires 2/2/09). Or $10K to $11K off the MSRP of any 09 RX350 with Navi. I think you better of with a new 09 RX350. I've bought in Dec with $7.7K off the MSRP in SoCal also. Good luck
#1287 of 1530
Re: 2005 Lexus RX330 AWD Pricing [Robynn] by tranav
Jan 21, 2009 (5:38 pm)
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Replying to: Robynn (Jan 21, 2009 9:02 am)

Hi,
In my previous message, I meant BRAND NEW 09 RX350 FWD.
#1288 of 1530
Re: is this a good deal?? [Car_man] by ramkunda
Jan 23, 2009 (6:58 am)
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Replying to: Car_man (Jan 20, 2009 3:30 am)

Thanks for the info. Do you know what the MF and residual value is for a
 
2009 RX350 with entertainment system
12,000 miles per year
36 month lease
 
I am shopping for one with premium package and rear entertainment.
The MSRP with destination is coming out at $42,910.
 
Thanks,
ram
#1289 of 1530
Re: is this a good deal?? [ramkunda] by adamjmank
Jan 24, 2009 (10:46 am)
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Replying to: ramkunda (Jan 23, 2009 6:58 am)

Carsdirect is having a sale to the end of jan on lexus RX my friend could get a quote for a FWD RX for 30,900.00.
   
Try the LA zipcode 90045. should be the cheapest in California. may be you can price match.
  
The pebble beach edition RX 350 AWD, Nav, Laser Cruise, Rear ent, Heated front and rear seats, peium leather seats and much more around 39 k.
  
check it out may be you could negotiate a lease based on these prices
 and
good luck
#1290 of 1530
overpaid? by biscutt
Jan 31, 2009 (10:02 pm)
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Car Man,
 
I just leased an 09 RX-350 with the Levinson stereo/premium plus package (MSRP $46,000). It is for 48 months at 12k/yr (I picked 48 instead of 36 because I didn't care about having to keep the car a 4th year, and the warranty is 4 yrs/50k anyway). My payment is $610/month, no money down (other than registration fee). The dealer made the first payment for me, bringing the effective monthly payment to $598. The selling price was $36,500, plus $700 acquisition fee and the dealer's bogus $600 "doc prep" fee. MF was current .00285
 
Did I overpay, or was it just a bad time to lease b/c of the poor money factor?
#1291 of 1530
Latest money factor / residual? by highfidelity
Feb 04, 2009 (8:27 am)
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Car Man,
 
Did the money factory / residual get any better for February (36 months / 12k miles)? I am looking to lease a 2009 RX 350 with nav or a 2008 RX 400h and am trying to figure out the deals at this point. I would be a double returning leasee. My current RX lease is up at the end of April, but I want to still get a 2009 model while they are still around so I am looking at flipping the lease a little early.
 
Thanks.
#1292 of 1530
Re: is this a good deal?? [ramkunda] by Car_man HOST
Feb 10, 2009 (3:19 am)
Reply

Replying to: ramkunda (Jan 23, 2009 6:58 am)

No problem, Ram. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 RX 350 AWD with the entertainment system and 12,000 miles per year are .00285 and 47%, respectively for consumers who qualify for its Tier 1+ credit tier.
 
This least program isn't very good, however Lexus is providing a whopping $5,000 dealer cash on this truck right now which is compatible with it. You should be able to negotiate a very attractive capitalized cost for your lease after taking this cash into account.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1293 of 1530
Re: overpaid? [biscutt] by Car_man HOST
Feb 10, 2009 (3:29 am)
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Replying to: biscutt (Jan 31, 2009 10:02 pm)

Hi biscutt. I don't think that you overpaid for your RX 350. You got a huge $10,000 dealer discount on it that probably includes most of the dealer margin and all of the $5,000 dealer cash and the dealer used Lexus Financial Services' buy rate to calculate your monthly payment. This is as good a deal as you were probably going to get on this truck. The lease program on it is just not that great right now.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1294 of 1530
Re: Latest money factor / residual? [highfidelity] by Car_man HOST
Feb 10, 2009 (3:35 am)
Reply

Replying to: highfidelity (Feb 04, 2009 8:27 am)

Hi highfidelity. Lexus' lease program for the 2009 RX is exactly the same in February as it was in January. Lexus Financial Services' Feb. buy rate lease money factor and residual value for a 36 month lease of a 2009 RX 350 AWD without the entertainment system with 12,000 miles per year are .00285 and 49%, respectively for consumers who qualify for its Tier 1+ credit tier.
 
This lease program is not very good, because Lexus seems to have pulled the plug on its lease support for the '09 RX now that the 2010 model has already started to arrive at dealers (2010 models are already out, what is that all about? Time flies). Lexus is providing a $5,000 dealer cash incentive on the '09 RX 350 in lieu of lease support.
 
Lexus is not currently providing lease support on the 2008 RX 400h either. If you were to lease an ;08 RX 400h AWD without the entertainment system through Lexus Financial Services' right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value would be .00285 and 48%, respectively. Lexus is providing $6,000 dealer cash on this model right now.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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