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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 400h Lease Questions
1529 messages, Last post on Nov 04, 2009 at 8:25 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Car Man, Is the enhanced money factor of .00215 for Loyal Lexus customers just for 36 Mo leases or is there a different money factor for 48 Mo? Most of the quotes I've been receiving have been between the .00253 - .00245 range for 48 MO leases
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Hi: I am about to sign the following lease and need to know if it's fair. 2010 RX 350 10k miles per year $43,285 list $39,800 sell $585.00 per month $1804.00 out of pocket to include $585 first month, $700 bank fee, $274.00 motor vehicle, $238.00 documentation, and the balance is tire tax. I have never leased a lexus so I am not sure if all the fees are standard. Please advise as soon as possible as I must make a decision in the morning. Thanks, JON from NJ
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Replying to: vandyman4 (Jul 07, 2009 6:49 pm) $450/month 12k miles per year &1651 out of pocket to include first month, and all other you mentioned. Other dealer were offering the same deal but did not have right color. |
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Replying to: vandyman4 (Jul 07, 2009 6:49 pm) can you please tell me the length of the lease ? is $585 include tax ? I am currently looking to lease one too. thanks
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Replying to: sw286 (Jul 08, 2009 9:49 am) Yes, the price includes tax. Another dealer just offeref me $565.00. These deals are in New Jersey where the dealers are loaded with cars. JON
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