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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1578 messages, Last post on Dec 01, 2009 at 4:58 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: max64 (May 08, 2009 4:40 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: theneocity (May 08, 2009 10:28 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: thooper1 (May 11, 2009 11:07 am) Most banks that lease vehicles to consumers charge an acquisition fee at lease signing. There's no way to avoid paying this fee. You can either pay it at lease signing or roll it into your vehicle's monthly payment by adding it to the capitalized cost. The last time that I checked, LFS' base acquisition fee was only $600. This means that it has recently raised this fee or that the dealer is marking up the base fee and trying to slip an additional $100 in profit into your deal (probably the latter). Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: ctsoxfan2 (May 17, 2009 6:51 am) Looking at your username, ctsoxfan2, for now I will assume that you are in Lexus' Eastern region. Even though I am a Yankee fan, I will help you out  . According to the latest information that I have seen, 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 12,000 miles per year are .00275 and 59%, respectively for consumers who qualify for its top aka Tier 1+ credit tier. Lexus is enhancing this model's money factor to .00215 for loyal customers. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: newkid300 (May 20, 2009 6:29 pm) sorry that you miss the cutoff for the early termination program by a month. That is annoying. You can always call LFS to see if they will be willing to work with you, but chances are that you're stuck. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (May 22, 2009 2:48 am) Where were you three weeks ago when we bought our 2010 RX350??? I need some advice on how to handle our signed deal... MSRP: 47,200 Negotiated price: 43,312 MF: .00258 MF after 9 MSDs (.00072) : .00183 After Acquisition, and other fees, the monthly ended up being $565 a month. I thought we were getting a fair deal here, and thought we were quoted a fair money factor, as it was close to LFS's money factor for April. I specifically asked what LFS's money factor for May was, and if there were any loyalty discounts. They told us that they were using tier 1+ MF, the only loyalty discount was to get .25% off of financing (not leasing) a car. When we were about to sign the contract, the finance person said "I can give you a Simonize warranty without lowering your monthly payment." I previously rejected Simonize as I don't believe it's a good product (interior/exterior warranty). He went on to tack on the Simonize cost ($925) and LOWER my money factor to .00143, leaving the payments roughly the same. I went through with the deal. Now reading your post on how there is a special money factor of .00215 for Lexus loyalty, and that .00215 minus my .00072 (in MSDs) = .00143 (which is what I ended up with), I feel that the finance person lied to me about the rate I qualified for, and ultimately cost me an additional $925 for a product that I didn't want. I know I signed the deal, and am happy with the car, and I know that overall it is not a bad deal for an RX350 2010. I am just not happy at being lied to about the MF by the Lexus finance person. Q1: Do you think I should send a letter to Lexus corporate, our salesperson, finance manager, or dealership owner about being lied to about the money factor? Or post negative responses to consumer review websites? Ding the salesperson on the satisfaction survey (it wasn't his fault)? Or do you think I should just let it go? Q: Other than posting here to ask for current lease rates, where can we get up to date accurate lease rates -- I'd been looking for May lease rates on the RX350 for 3 weeks, with no success! Thanks for the advice!
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Replying to: ctsoxfan2 (May 17, 2009 6:51 am) |
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Replying to: Car_man (May 22, 2009 2:48 am)
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My wife and I have been looking at an Infiniti FX35 and had settled on that until we drove an RX350 yesterday. We loved it. We are looking at the 2010 AWD Smokey Granite Mica/Black w/Nav,Premium, Comfort. Looking at all of the numbers, it looks like $42,000 is a reasonable price for the dealer to sell this car at. LeaseCompare puts this at the selling price with the above mentioned options. The dealer we looked at yesterday insisted they couldn't come off MSRP. We are looking to lease  12k miles for 36 - 39 months. I understand the residual is 59% and money factor is (.00275, which is high in my opinion). If only we could find a dealer that would take a reasonable profit on this truck, we would have a deal. Any tips on how to get through to a dealer on this?
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Replying to: gmsmith (May 26, 2009 11:28 am) |
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