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

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#1391 of 1578 Re: May Lease Rates [dengdeng] by Car_man HOST Jun 12, 2009 (2:39 am)
Replying to: dengdeng (May 22, 2009 5:03 pm) Hi dengdeng. Yes, it appears as though you were indeed lied to when you leased your new RX. That is not entirely surprising. There are good dealers and bad dealers out there. Many of them lie to consumers all the time.   I doubt that you are going to be able to alter your lease at this point, but you might be able to cancel your extended warranty. If I was in your situation, I would look into doing so right away. If you could get the extended warranty company to send a refund directly to you, the dealer would no longer get a commission and you'd get your money back.   If you are unhappy with the way that you were treated you definitely can send letters to the owner of the dealership and Lexus directly. You also can also post a review of the dealership over in the Dealer Ratings & Reviews section of Edmunds.com.   I am not aware of any resource that consistently provides accurate information on banks current lease programs directly to the general public, except for the Edmunds.com forums.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: chelentano (Aug 23, 2009 9:05 am)
#1392 of 1578 Re: May Lease Rates [ctsoxfan2] by Car_man HOST Jun 12, 2009 (2:40 am)
Replying to: ctsoxfan2 (May 26, 2009 3:38 am) You're very welcome, ctsoxfan2. Thanks for stopping back and letting us know how everything turned out. I think that you did well too. Enjoy your new ride !   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1393 of 1578 Re: Lease questions [jimmylexusnj] by Car_man HOST Jun 12, 2009 (2:48 am)
Replying to: jimmylexusnj (May 28, 2009 6:24 am) Hi jimmylexusnj. Thanks for posting. Unfortunately, I believe that your information is incorrect. In your state, New Jersey, Lexus Financial Services' current standard buy rate lease money factor for Tier 1+ tier customers is .00255.   Dealers' ability to mark up money factors varies from bank to bank. Many banks do allow dealers to mark money factors up. It happens all the time, particularly at luxury brand dealerships. Admittedly, I do not know LFS' specific policy on this matter, but I would be surprised if Lexus dealers were never allowed to mark vehicles' interest rates and money factors up.   I just checked and LFS did indeed raise its base acquisition fee to $700. In stand corrected. Thank you for the information. In my post I said "the last time that I checked." Now I know that it is higher. Man, $700 is a big, annoying fee to pay to lease a vehicle. Acquisition fees are really getting up there.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1394 of 1578 Re: RX350 2010 lease question [mhsj2009] by Car_man HOST Jun 12, 2009 (2:51 am)
Replying to: mhsj2009 (Jun 02, 2009 9:08 pm) Hey mhsj2009. The 2010 RX 350 that you are interested in probably has a spread of around $5,300 or so between its full MSRP and its dealer invoice price. I have spoken with a number of Lexus dealers lately and they all have said that while RX sales have actually been relatively strong, grosses are low. I personally think that you should be able to do much better than the $1,500 discount that you were quoted.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1395 of 1578 Re: June Lease Rates [chadnaustin] by Car_man HOST Jun 12, 2009 (2:55 am)
Replying to: chadnaustin (Jun 03, 2009 2:43 pm) Hi chadnaustin. Lexus still is not providing lease support on the 2010 RX 350. It does have a special money factor for loyal Lexus customers on it (.00215) in certain areas right now. If you are not a returning Lexus customer and you want to lease this truck through Lexus Financial Services, you will have to use its standard lease money factor.   I haven't seen Lexus' specific lease program for the Austin, Texas area but a .00375 money factor is nuts. If I was quoted that, I personally would shop around with a different dealer to see if they quoted me a better money factor. If not, I would pay cash or finance the RX or just go with a different model. With the deals that are out there right now, there's no reason to pay 9% interest on any truck.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1396 of 1578 Re: June rates [newkid300] by Car_man HOST Jun 12, 2009 (2:57 am)
Replying to: newkid300 (Jun 05, 2009 9:14 am) Hey newkid300. I assume that you're talking about the 2010 model. Correct me if that is wrong. 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 with navigation and 12,000 miles per year are .00255 and 59%, respectively for consumers who qualify for its top aka Tier 1+ credit tier. For loyal customers this money factor is enhanced to .00215. This program may vary slightly by region.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: hockey_man (Jun 17, 2009 8:23 pm) Car_man (Jul 20, 2009 2:48 am)
#1397 of 1578 Re: June rates [Car_man] by hockey_man Jun 17, 2009 (8:23 pm)
Replying to: Car_man (Jun 12, 2009 2:57 am) Hey car_man --   What's the rate for San Francisco, Oregon, and Washington for Tier 1+ -- still .00215? $2000-$2500 off MSRP seems to be the point where dealers will stop negotiating -- is that in line with what you have heard in your discussions with dealers?   Thanks! Replies to this message: Car_man (Jul 20, 2009 2:48 am)
#1398 of 1578 Lease Info by rackerman Jun 22, 2009 (1:03 pm)
I just wanted to post info on a lease i just got on a '10 RX 350.   MSRP: $41,048 Residual: 52.53% Lease Term: 48 months Total down: $1,500 Monthly payments: $523.12, plus sales tax Other comments: 10k miles a yr Replies to this message: sbe (Jun 30, 2009 10:24 am)
#1399 of 1578 Lease Info by pialphaphi28 Jun 30, 2009 (9:57 am)
Hey guys, what do you think of this lease I was offered for a 2010 RX350 w/ Nav, Premium and Comfort?   MSRP: $45.6K 36mo/12K mi Lexus loyalty MF: .00215 Residual: 59%   Selling Price: 41.8K $639/mo. including tax   OR...   Same selling price, and provide refundable MSD of $3.1K to lower monthly payment to $605, tax included.   Which option would be better? Replies to this message: carbuyer_2009 (Jun 30, 2009 1:54 pm) redhat381 (Jul 28, 2009 8:54 am) 4barbara (Aug 04, 2009 4:40 pm) 4barbara (Aug 05, 2009 8:43 am)
#1400 of 1578 Re: Lease Info [rackerman] by sbe Jun 30, 2009 (10:24 am)
Replying to: rackerman (Jun 22, 2009 1:03 pm) thanks rackerman,   can you please breakt out the components of your lease so we can compare apples to apples? Acquisition cost was $700? what was your money factor? Seems like there are almost $900 of fees if your drive off was $1500 and your payment was $523. Can you break that down? thanks for your help. this info is very helpful for the rest of us.

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