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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1592 messages, Last post on Dec 07, 2009 at 11:42 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: joshuap (Aug 28, 2009 4:05 am) Unfortunately, the RX is not really "on sale" as part of the Golden Opportunity summer sales event. There is no lease support and there are no incentives. The 2010 is the first year of the new generation of RX and it seems that it is for now still selling well enough where Lexus doesn't have to do anything special financially to boost or maintain sales volume. Money factor is a rather high .00255, though you (not me) could get a not too bad .00215 as a returning customer. Also, if you live in NJ or CT, you could further lower the money factor by making multiple security deposits. I live in NY where MSDs are not allowed . . . The good news is that the dealer was offering a substantial discount off of MSRP. In my case, my lease offer was based on a sale price of $39,918 on a RX with a MSRP of $43,265. It was several hundred dollars below Edmunds TMV. I'm waiting for the winter sales event, hoping for lease support at that time. Or, if we catch a break before then, I'm ready to seize the opportunity.
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Replying to: go_orange (Aug 28, 2009 6:02 pm) |
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Replying to: davidd3 (Aug 14, 2009 5:08 am) The best I can find this week for customer loyalty is money factor .215 res. 60 on a RX350 AWD/nav 36/10 lease. What is involved in extending a current lease a month or so?
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Replying to: jacks2 (Sep 16, 2009 10:11 am) Here is hoping we see leasing support before then or I will have to beg for one more month. I extremely under my mileage, one more month isn't going to hurt the value of the vehicle, I will cross that bridge when I need to. |
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| What are the current MF and Residual value for 36 month lease AWD with Navigation? | |
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Replying to: dglozman (Sep 16, 2009 12:04 pm) |
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Replying to: dglozman (Sep 16, 2009 12:04 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Sep 17, 2009 2:35 am) the only problem is, what I was told by the dealer, that .00215 MF is only if you are coming off from Lexus lease. I own 2004 RX. I was told that I will get .002550  Do you know if i was "misinformed"?
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Replying to: Car_man (Sep 17, 2009 2:35 am) The new residual makes about a $40 difference on RX350 AWD nav/ 36/10 lease. Still holding off for a while. Any December to Remember rumors?
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I've been waiting for the lease program to get better on the RX. I'm seeking a 3 year, 15K/year lease. Today I got good news from my local dealer. Lexus just raised the residual from 57% to 60%. My lease quote dropped about $50, even though the MSRP of the vehicle is now $450 higher than before (it now comes with the Lexus version of BMW Assist). It's probably enough of a movement to get me off of the sidelines. I feel that the residual is probably now as aggressive as it gets, especially for a SUV! The money factor (which stayed the same) could certainly be a lot better, but I have no idea if and when that would happen. And if they do reduce the money factor, they might reduce the residual. The timing of this long awaited breakthrough surprises me. Why would Lexus improve the lease program on the RX immediately after their summer sales event rather than doing it in time for the sales event? Also strange to me is that the residual would go up as we get later in the 2010 RX model year. I don't understand this movement, but I'm not complaining.
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