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Lexus RX 350 / RX 450h Lease Questions

1582 messages,  Last post on Dec 03, 2009 at 11:27 AM

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

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#1331 of 1582 incredible deal on 400h by lonna Mar 08, 2009 (8:59 am)
i'm looking at buying or leasing an rx 400h. i guess cuz they're making room for the 2010 model, they are offering $10,000 off msrp. (santa monica dealership) any thoughts on whether this would be a good buy vs lease? i've never bought a car, always leased but am thinking about buying because of the economy--and also because we always have 2 cars so we can continue leasing the other. i've got excellent credit and am not very familiar with leasing formula. (know it, hate having to figure it out.) Replies to this message: needanewcar77 (Mar 08, 2009 10:34 am) Car_man (Mar 12, 2009 3:16 am)
#1332 of 1582 need help on Lexus RX350 2010 by dollyh Mar 08, 2009 (8:21 am)
dear Car Man - can you tell me please:   Lexus RX 350 2010, 36 mo lease 15K mi per year, need to know residual percentage and money factor.   dealership in Greenwich, CT - I reside in NY State   Thanks! Replies to this message: Car_man (Mar 12, 2009 3:14 am)
#1333 of 1582 Re: incredible deal on 400h [lonna] by needanewcar77 Mar 08, 2009 (10:34 am)
Replying to: lonna (Mar 08, 2009 8:59 am) I too just looked at the 2008 Lexus RX400h. Yes there is a $10,000.00 off MSRP.....BUT the money factor I was quoted was .00295, roughly 7%!   I feel the money taken off the MSRP is gotten back on the interest rate.   My payment was roughly $600.00 per month, but they wanted $5,000.00 down, plus 1st payment.   The money factor is killing the deal for me, for when I saw Lexus's money factor at 4% or less 2 months ago, I just cant bring myself to do it.   Car Man, any way Lexus Dealerships can lower the money factor? Replies to this message: Car_man (Mar 12, 2009 3:16 am)
#1334 of 1582 Re: [gmar1] by Car_man HOST Mar 12, 2009 (3:07 am)
Replying to: gmar1 (Feb 27, 2009 4:34 pm) Hi gmar1. The problem that I personally have with demo vehicles is that dealers never seem to be willing to discount them enough for me to justify purchasing what is essentially a low mileage used vehicle over an otherwise identical brand new one. I believe that Lexus Financial Services charges an excess mileage charge of $0.25 per mile on leases. I would not be surprised if that is the rate that the dealer tries to discount this truck at. If so, that amounts to an additional discount of less than $300. There's no way that I would go with this car for that little difference. Good luck and let us know how much of an additional discount the dealer is providing on this demo. I'm curious.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1335 of 1582 Re: need help on Lexus RX350 2010 [dollyh] by Car_man HOST Mar 12, 2009 (3:14 am)
Replying to: dollyh (Mar 08, 2009 8:21 am) I sure do, dollyh. Here's the information that you're looking for. 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 itst Tier 1+ credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1336 of 1582 Re: incredible deal on 400h [needanewcar77] by Car_man HOST Mar 12, 2009 (3:16 am)
Replying to: needanewcar77 (Mar 08, 2009 10:34 am) Hi needanewcar77. Lexus is not providing lease support on the 2009 RX 350 any longer. As a result, if you were to lease one through Lexus Financial Services' you would have to use its standard lease money factors. Lexus Financial Services' current buy rate standard money factor is .00285 for consumers who qualify for its top aka "Tier 1+" credit tier. Dealers are not allowed to charge a lower factor than this.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1337 of 1582 Looking for 09 RX 350 Lease by hotlanta2 Mar 16, 2009 (5:53 pm)
I thought that I had a car ready to go but the dealer sold out from under me. I live in Atlanta and am willing to pay shipping for a good deal on 09 RX 350. I would prefer fwd but would be willing to look at different options. Does anyone know of a dealer who still has some in stock?   What is a good deal on this car? Replies to this message: bocastephen (Mar 26, 2009 5:33 pm)
#1338 of 1582 Re: [clips09] by hotlanta2 Mar 16, 2009 (5:56 pm)
Replying to: clips09 (Mar 03, 2009 3:45 pm) This is a good deal in my book. Where did you purchase?
#1339 of 1582 Any recent leases in Northeast area? by 70wash Mar 25, 2009 (9:49 pm)
Has anyone recently signed leases for a 2010 RX 350 in the NY/NJ/CT area? Please post your price to help a fellow shopper out.
#1340 of 1582 Re: Looking for 09 RX 350 Lease [hotlanta2] by bocastephen Mar 26, 2009 (5:33 pm)
Replying to: hotlanta2 (Mar 16, 2009 5:53 pm) I got a great deal and service on my 08 400h purchased this past January from Lexus of Cerritos in CA. I worked with Aymy and Desmond - they can handle the transaction via Fedex and arrange for shipping the car to you (about 1k uncovered trailer).   Go to overstock.com first to get the lowest price in SoCal - they should either match or beat it, although they don't participate in the overstock program. If you're buying from out of state AVOID Lexus of Santa Monica - you're just wasting time with them, even if they post the lowest price on overstock. They refuse to do business with or take seriously out of state buyers, and they can get quite nasty about it too.

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