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Lexus RX 350 / RX 450h Lease Questions

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#1414 of 1582
Re: Urgent--Should I sign [vandyman4] by samm3
Jul 12, 2009 (6:53 pm)
Reply

Replying to: vandyman4 (Jul 11, 2009 5:22 pm)

Thank u
#1415 of 1582
NJ/PA Lexus Leasing Deals by smarty666
Jul 13, 2009 (11:42 am)
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The previous posts are correct, NJ Lexus dealers are offering much better dealers/figures then PA Lexus dealers and are willing to work with you compared to PA dealers for example on a new 2010 RX350;
 
NJ Lexus Dealer: MSRP: 43,265: $3000 down/$560 a month for 36 months/ 12k miles a year: 0.9 interest rate - this is out the door including everything
 
PA Lexus Dealer: MSRP: 43,265: $3000 down/$620 a month for 36 months/ 12k miles a year: 6.0 interest rate - this is NOT out the door and didn't include tax, interest, etc
 
I was shocked by the PA Lexus and when I told them they had to do better they told me no, that was as good as it was going to get for tier one credit
 
Obviously I'll be doing my business in NJ rather than PA; never thought I would see the day when I would say that
#1416 of 1582
Re: NJ/PA Lexus Leasing Deals [smarty666] by vandyman4
Jul 13, 2009 (11:51 am)
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Replying to: smarty666 (Jul 13, 2009 11:42 am)

Hi:
Try Eric Saltz at Warnock in NJ. I just leased the same one at a much better price with less out of pocket. 10k miles per year. All included and all done on the phone.
JON
#1417 of 1582
Re: NJ/PA Lexus Leasing Deals [vandyman4] by gophers
Jul 14, 2009 (7:59 am)
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Replying to: vandyman4 (Jul 13, 2009 11:51 am)

I've contacted the NJ dealer and am getting the same interest rate that every other dealer is giving. Where are you seeing this .9% number? They state the only way to lower the Lexus offering is to do the multiple security deposit thing.
#1418 of 1582
Re: NJ/PA Lexus Leasing Deals [gophers] by vandyman4
Jul 14, 2009 (8:22 am)
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Replying to: gophers (Jul 14, 2009 7:59 am)

Hi:
Did you speak to Eric Saltz? Yes, the interest rate is standard but the amount of discount on the car is high. What was your quote>
JON
#1419 of 1582
Re: NJ/PA Lexus Leasing Deals [vandyman4] by gophers
Jul 14, 2009 (9:19 am)
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Replying to: vandyman4 (Jul 14, 2009 8:22 am)

It appears the .9% interest quoted by smarty777 is not for the RX, but the IS or ES... apples and oranges.
 
I spoke to the NJ dealer and am not getting any better interest, basically the same discounts as other places. I was keying in on the .9% interest thinking that was a valid quote on an RX.
 
I was told to wait for the golden sales event to start (around July 24) and that interest *might* go down. Anyone hear rumors of this?
#1420 of 1582
2010 Lexus RX 350 by tommyboy456
Jul 14, 2009 (2:53 pm)
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Does anyone know a Lexus dealer where I can lease a 2010 RX 350 now. Don't need GPS, so am looking for 36/36 with paying only 1st month and start-up costs
and with payments of $479 tax included
 
Thanks for any help and advise
#1422 of 1582
Need help on leasing... by thors
Jul 15, 2009 (5:42 am)
Reply
I am in south florida, palm beach county, probably leasing vs. purchasing the 2010 RX 350, but need help on some of the technical aspects of leasing and understanding some of the things I see here on the board...
 
MSRP $42,546 (this seems to be a popular combo of options as there were quite a few of these same equipped vehicles in the showroom and what it includes is good for me)
have not neg. yet, but using Edmunds TMV looking at my target $ of 39,600 (is this reasonable?)
 
FWD
Prem
back up mirror
19" wheels
h/c seats
wood/leather steering wheel/shift knob
mats
net
wheel locks
cross bars
 
Please bear with me on my questions....
 
from readiing, looks like the MF changes monthly...what is it for Fla for July? (I am not a current lexus owner)
how do they figure the residual %? what should I expect?
what is the MSD? I saw an earlier post that said it's good to put down 9 months worth??
From what I read, really shouldn't put a lot "down" on a lease/want to keep the out of pocket low correct?
 
Golden Opportunity Sales Event....saw it on the main Lexus webpage, but no specs about it....will there be specific "deals" coming out? Are they just advertising that "it's coming"?
 
We have been to the showroom, know the vehicle, and would like to avoid spending our life in the dealership negotiating...see here many people are dealing via internet. How exactly is that done? Would appreciate any advice/how to on internet negotiating! The salesperson did tell us that most of their customers lease...
 
Sorry to have so many questions, but really want to be prepared.
 
THANK YOU!
#1423 of 1582
Re: NJ/PA Lexus Leasing Deals [vandyman4 by smarty666
Jul 16, 2009 (6:41 am)
Reply
Yes you are right, I apologize, the 0.9% is on the IS and ES; I meant to say 2.9%. The percentage in NJ is still better in PA. 6% in PA is absolutely outrageous to pay on any vehicle when most of the other luxury automakers are offering 2.0% or lower and especially considering how poorly car sales are doing right now with the way the economy is; you would think Lexus would do what they can to match the interest rate of other luxury automakers in order to increase their sales; if you want to pay almost 6% interest on top of 6% sales tax be my guess; by the time the Lexus dealer is done screwing you around you'll be paying $50-60 more a month, which will really add up in the end

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