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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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#1423 of 1582
Re: NJ/PA Lexus Leasing Deals [vandyman4 by smarty666
Jul 16, 2009 (6:41 am)
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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
#1424 of 1582
Re: NJ/PA Lexus Leasing Deals [vandyman4 [smarty666] by juliank20
Jul 16, 2009 (9:21 am)
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Replying to: smarty666 (Jul 16, 2009 6:41 am)

I have an offer from a dealer for RX 350 AWD with GPS for $550/mo $3413 due at signing. Is that a good deal? Car cap price $40795 (thats $500 below invoice). What do you think?
#1425 of 1582
Re: Need help on leasing... [thors] by sxylxy
Jul 16, 2009 (4:25 pm)
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Replying to: thors (Jul 15, 2009 5:42 am)

I think that your offer is reasonable. I just turned in my 2007 RX350 and got a new one for $42.2 w/Prem, Comfort, NAV, cross rails, etc... ($46.1 MSRP) Very happy with it. I looked at many, many cars before making my decision, and Lexus really represents a nice blend of safety, mileage for its size and comfort.
 
You may have trouble finding the heated and cooled seats without the "Comfort Package". It was hard to find here in Southern California for me anyway. The vehicles typically came in one of three variations.
#1426 of 1582
Re: Need help on leasing... [sxylxy] by thors
Jul 17, 2009 (4:06 am)
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Replying to: sxylxy (Jul 16, 2009 4:25 pm)

Thanks! It's funny....there are a bunch of RX's in the showroom with that exact configuration, so guessing they think that may be a good seller here in S. Fla.....gotta tell you, the idea of cooled seats here sounds very enticing!!!
 
I have been looking at a lot of similar/smaller suv's and am finding it hard to beat...price is higher, but looks to be worth the extra when you really start comparing.....
 
Dealer e-mailed me back he can make me an offer just a litttle over invoice, he'll show me the invoice to earn my business, so we will see......we cannot go in until next week, but getting all my Edmunds ducks in a row!
#1427 of 1582
Re: June rates [hockey_man] by Car_man HOST
Jul 20, 2009 (2:48 am)
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Replying to: hockey_man (Jun 17, 2009 8:23 pm)

Hi hockey_man. Lexus Financial Services' buy rate lease money factor for the 2010 RX 350 is still .00215. Keep in mind though that this is a special money factor for loyal customers. Its factor for non-returning customers is .00255.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1428 of 1582
Re: 48 mo lease money factor [scrapluv] by Car_man HOST
Jul 20, 2009 (2:50 am)
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Replying to: scrapluv (Jul 04, 2009 7:35 pm)

Yes, scrapluv, the special lease money factor on the 2010 RX 350 is only available for up to 36 months. Lexus Financial Services' 48 month buy rate should be around .00255.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1429 of 1582
Re: Need help on leasing... [thors] by Car_man HOST
Jul 20, 2009 (3:01 am)
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Replying to: thors (Jul 15, 2009 5:42 am)

Hi thors. Lexus Financial Services' current buy rate lease money factor on the 2010 RX 350 for non-returning customers is .00255 for consumers who qualify for its top aka "Tier 1+" credit tier.
 
This truck's residual value varies by term, trim level, and mileage allowance. LFS' current 36 month, 15,000 mile per year resid for a 2010 RX 350 FWD without the entertainment system is 57%.
 
MSD means multiple security deposits. LFS lets lessees make additional deposits on their vehicle, with each extra deposit (up to a maximum of nine) reducing the money factor that is used to calculate their vehicle's monthly payment by .00010 (the last time that I checked). Making MSDs is a much better way to lower your vehicle's monthly payment than making a capitalized cost reduction. Unlike down payments you actually get MSDs back at lease-end.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1430 of 1582
Re: Need help on leasing... [Car_man] by thors
Jul 21, 2009 (6:42 pm)
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Replying to: Car_man (Jul 20, 2009 3:01 am)

Car_man...thank you for your information! We are heading to the dealer later this week to see what's what...taking my Edmunds homework with me is......
#1431 of 1582
Re: Need help on leasing... [Car_man] by thors
Jul 21, 2009 (7:17 pm)
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Replying to: Car_man (Jul 20, 2009 3:01 am)

Car_man,
 
Sorry - a quick question on the MSD....when I am ball-parking/figuring out my probable lease payments (thanks again to your helpful calculators!), where do I plug in the $ amount of MSD's I plan to make? Let's say, for example:
 
Cap cost is $39,000 (let's say MSRP is $42,500)
Residual 57% (I'll use yours)
MF is .00255 BUT I want to make the max MSD's of 9, making my MF .00165
 
Where does the MSD $ come off when figuring? Or am I just missing the boat here?
 
Thank you!
#1432 of 1582
Re: Need help on leasing... [thors] by kyfdx HOST
Jul 22, 2009 (3:10 am)
Reply

Replying to: thors (Jul 21, 2009 7:17 pm)

The MSDs just change the money factor... To get the difference, just use the lower money factor in your calculations..
 
regards,
kyfdx

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