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Lexus RX 350 / RX 450h Lease Questions

1578 messages, Last post on Dec 01, 2009 at 4:58 PM
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In answer to an earlier post about negotiating the buyout - my understanding is that Lexus has insurance for lease end where residuals exceed value. So from everything I've read, there is no real incentive to reduce the buyout since they probably don't eat the first few thousand anyway due to the insurance. I'm not 100% certain but I've seen and heard this quite a bit. It also matches my conversations with LFS trying to negotiate a buyout. No dice! I did, however, extend my lease for 6 months. No extra charges and nothing really changes with the lease terms. I got add'l mileage (my annual mileage/12 for each month's extension) and quite a bit of my payment actually goes toward paying down the buyout on the car. The purpose for me doing this is to see if I can find a 2010 (or something) that entices me beyond my buyout. So far, with no discounts I'm having a hard time selling the 2010 to my wife (and it's her car so . . . )so we may end up just buying this one out. It's not the cheapest option to be sure but it gives us flexibility to see what happens with the market. We can turn it in anytime before our due date and we won't be charged for the following month. Not a bad program and easy to do with a phone call to LFS. Good luck and let us know if you have any luck with the buyout negotiation. Jay
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Replying to: carshpr1 (Feb 18, 2009 3:52 am) My lease expires in September. I was told I couldn't call LFS until 6 months before so I will call next month and let you all know what they tell me. I love this car and thought of trading down to the IS 250 but it's nearly as expensive and I love the trunk space that the RX350 has. Thanks! |
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| anybody have any thoughts on how lexus are planning to move these hybrids in this market? I have an 06 rx400h and waiting to see how the new models look and drive, but from everything I hear there are no good lease incentives as the MF is so high. Should I ditch the hybrid and get gas equivalent? I want to support the technology and enjoy the extra power but not for hundreds more a month. | |
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Replying to: Car_man (Feb 10, 2009 3:35 am)
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Replying to: womble (Feb 21, 2009 11:13 am) Money factor .00185. Only $20 more than none Hybid. Good availibility.3rd largest dealer in U.S.
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Replying to: efrus (Feb 22, 2009 12:16 pm)
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Replying to: kringledog (Feb 22, 2009 4:51 pm) |
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Replying to: efrus (Feb 22, 2009 12:16 pm) Can you provide more details about your lease such as the terms and what your paying a month? The lease on my RX330 is up in April and I'm trying to figure out what my options are. Thanks. |
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| hi, does anyone know if the new rx450h will be priced similarly to the 09 rx400h and if the money factors will be drastically different? Dealer told me they were coming to the showrooms in june but does that mean there will be a big push to sell them or do not ever discount a new body type? thanks! Should I get the highlander hybrid or a6 avant instead???? | |
anyone buy the 2010 lexus, what are the lease rates?
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