Ask the Car People.SM


Lexus RX 350 / RX 450h Lease Questions

2694 messages,  Last post on Jun 18, 2013 at 3:44 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Lexus RX 450h, Lexus RX 350, Car Leasing, SUV

Messages Page 133 of 270

#1320 of 2694 Re: Leasing 2009 RX 350 [bribor] by Car_man HOST

Feb 27, 2009 (4:03 am)

Replying to: bribor (Feb 17, 2009 5:41 pm)
Hi bribor. Unfortunately, the money factor that you were quoted is correct. Lexus is not currently providing lease support on the '09 RX 350. As a result, if you were to lease one through its captive finance company, Lexus Financial Services, you would have to use its standard buy rate lease money factor of .00285. This factor assumes that you qualify for its top aka "Super Preferred" credit tier. This is the lowest available money factor on this car. You cannot negotiate it any lower.
 
The money factor is the bad news. The good news is that Lexus is currently providing $5,000 dealer cash on the 2009 RX 350. You should be able to negotiate a selling price that's thousands of dollars below invoice after taking it into account.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1321 of 2694 Re: Latest money factor / residual? [bbyboomer] by Car_man HOST

Feb 27, 2009 (4:09 am)

Replying to: bbyboomer (Feb 22, 2009 7:08 am)
Hey bbyboomer. You're right the economy is a mess right now. The problem is that it's so bad that it has actually hurt leasing. The vehicles that were leased several years ago are coming back to manufacturers worth no where near where they estimated they would be. This residual value exposure is adding up to millions and millions of dollars worth of losses for automakers. Many have pulled back on their lease support and a number have pulled the plug on leasing completely.
 
Compounding this issue is the fact that the 2009 RX 350 was an early introduction. So it is even further along in its life cycle than most other '090 models are at this point. Manufacturers usually stop providing lease support on leftover vehicles at the end of the model year because by that point their residual values have fallen so much that it becomes very expensive to provide an attractive lease payment.
 
I have no doubt that Lexus will introduce an attractive lease program on the 2010 RX at some point, but it could be several months before it does so. Until then, you can either take advantage of the $5,000 dealer cash that is available on leftover '09s or overpay to be the first on your block to have a '10.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1322 of 2694 Re: [basamx] by Car_man HOST

Feb 27, 2009 (4:15 am)

Replying to: basamx (Feb 24, 2009 6:11 pm)
Hi basamx. Not surprisingly, Lexus is not currently providing lease support on the 2010 RX. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease program. This program varies by term, mileage allowance, and trim level. For now I will make some assumptions about these variables to give you an idea of what the current program is like. Let me know if you want something different.
 
Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 RX 350 AWD without the entertainment system with 15,000 miles per year are .00285 and 57%, respectively for consumers who qualify for its "Tier 1+" credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1323 of 2694 Re: Lease rates 09 RX 350 [wine4et] by Car_man HOST

Feb 27, 2009 (4:21 am)

Replying to: wine4et (Feb 24, 2009 10:38 pm)
Here's the information that you're looking for, wine4et. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 RX 350 AWD without the entertainment system with 15,000 miles per year are .00285 and 47%, respectively for consumers who qualify for its "Tier 1+" credit tier. The residual value for a lease with only 12,000 miles per year is 2% higher.
 
When negotiating your lease on this truck, make sure to take advantage of the $5,000 dealer cash that is currently available on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1324 of 2694 by gmar1

Feb 27, 2009 (5:34 pm)

Hello Car Man,
 
I am looking to purchase a Lexus RX400h. I spoke to a dealer and he says that he has a demo model that is available with 1100 miles. He says that I can also apply the $6000 Dealer cash. Do you know how much more I can have the sales price lowered due the 1100 miles.
 
Thanks for you help!

#1325 of 2694 Purchase RX 350 2010 by gobia

Mar 01, 2009 (12:04 pm)

If I'm looking to purchase a new 2010 RX 350 rather than lease, any ideas what discount I might negociate off MSRP or above invoice?

#1326 of 2694 Re: 10 rx450h [womble] by vietchicago

Mar 01, 2009 (9:11 pm)

Replying to: womble (Feb 21, 2009 12:13 pm)
Womble, We just bought 2010 RX350 275hp. The new RX450H 295hp won't come out until Spring 2009. It is good when you think about support the technology but to me the price is too high for the hybrid. So go with the RX350. The different in price will take you 8yrs to break even withe the hybrid. Viet

#1327 of 2694 Re: Purchase RX 350 2010 [gobia] by md_outback

Mar 02, 2009 (2:43 pm)

Replying to: gobia (Mar 01, 2009 12:04 pm)
To get an idea of a good starting price to begin your negotiations, go to www.lenstolerlexus.com and request a price quote from their Internet sales person. Even if you don't live near the dealership (near Baltimore, MD) you'll probably get about the best price around these days with little effort on your part. Use this for negotiating with your local dealer. Or, you could just give the business to Len Stoler (and BTW, I have no connection to the dealer other than I am a happy previous customer). They are always very competitive and super easy to work with.

#1328 of 2694 Re: Purchase RX 350 2010 [md_outback] by gobia

Mar 02, 2009 (6:38 pm)

Replying to: md_outback (Mar 02, 2009 2:43 pm)
Thanks for the idea of pricing with an out of location dealer.

#1329 of 2694 by clips09

Mar 03, 2009 (4:45 pm)

I'm about to bite on this deal for an 09 rx350 premium plus/ no nav. Purchase price around $31500, 36 month lease, 12k, 3k down, $439/mo taxes included. Financing thru LFS.
 
What do you guys think?

Messages Page 133 of 270

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement