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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 400h Lease Questions
1530 messages, Last post on Nov 10, 2009 at 8:23 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: jimmylexusnj (May 28, 2009 6:24 am) 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 |
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Replying to: mhsj2009 (Jun 02, 2009 9:08 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: chadnaustin (Jun 03, 2009 2:43 pm) 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 |
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Replying to: newkid300 (Jun 05, 2009 9:14 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jun 12, 2009 2:57 am) 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!
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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
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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? |
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Replying to: rackerman (Jun 22, 2009 1:03 pm) 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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Replying to: pialphaphi28 (Jun 30, 2009 9:57 am) -------------------- MSRP 46106 (FWD, premium+navi+comfort) Nego 41600 36mo/36000mi Residual 59% MF w/ loyalty .00215 MF w/ 9 x MSD = .00143 Final Monthly = $499 + tax = $543 -------------------- For each additional multiple security deposit (MSD) you put in, your MF gets reduced by .00008. Lexus allows you to put down up to 9 months of MSD, for a maximum reduction of MF by .00072. This is what I did. So my final MF turned out to be .00143. I think your deal with MSD is better than the one without. Here's why: Option 1 = $639/mo x 36 months = $23004 for 36 months (excluding other fees) Option 2 = $605/mo x 36 months = $21780 for 36 months (excluding those same fees) The difference between the 2 options is $1224, and this is your "savings" or "interest rate" by investing those $3100 in Lexus for 3 years. $1224 savings / 3 years = $408 savings / year. $408 savings / $3100 investment = about 13% earning rate (interest). Now imagine if you were to put these $3100 in your bank, I don't think you'll get nearly as much interest as 13%... right? Better yet, if you can afford it, I would put the maximum MSD allowed (9 months) into this lease, to get a bigger savings. Hope this helps.
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Replying to: sxylxy (Jun 06, 2009 7:10 am) I was planning to buy it in May, but thought I should check how much older models (2008-2009) will be by end of the year. My residual was around 27k so I want to check what other car I can buy for that same amount. By the way, the extension is on a month-to-month basis, for at most 6 months. So I can either buy or turn the car in anytime during that period. I've not heard of the option of paying 1k to get it Certified. Is that something the dealer offered you? I'm in CA too, so really hate the higher tax they just imposed.
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