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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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#1500 of 1582
Re: End of Lease on 2007 RX350 with 9 MSDs [redhat381] by jacks2
Sep 25, 2009 (6:52 am)
Reply

Replying to: redhat381 (Aug 25, 2009 10:58 am)

If I may ask what state? How was sales tax handled? Was it leased from LFS?
How long did it take to receive a new title?
Thx
#1501 of 1582
MF on '10 RX350 .00328! by babybeans
Sep 29, 2009 (5:48 am)
Reply
Ready to buy a new RX. Just quoted a MF of .00328. When I mentioned the LFS loyal customer rate of .00215 sales guy practically laughed and finance guy said no way. Said that MF was only for an old RX to new RX lease (not an LS430 to RX350).
 
Anybody have details on the LFS loyalty rate? What are others getting quoted for MF's right now? .00328 is not good.
 
Thanks for the help!
#1502 of 1582
Re: MF on '10 RX350 .00328! [babybeans] by go99
Sep 29, 2009 (4:36 pm)
Reply

Replying to: babybeans (Sep 29, 2009 5:48 am)

Hello,
Sorry, but I am new to the site. What does LFS and MF mean?
 
Many Thanks!
#1503 of 1582
Re: MF on '10 RX350 .00328! [babybeans] by go_orange
Sep 29, 2009 (5:42 pm)
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Replying to: babybeans (Sep 29, 2009 5:48 am)

Actually, it is you who should have practically laughed and said no way. I'm not sure if the loyalty program is just for old RX to new RX or whether it is for any old Lexus to new RX. I would think that the latter would be the case. But even in the worst case (i.e., you are not eligible for the loyalty rate of .00215), you should still be eligible for the base rate of .00255, unless LFS just jacked it up to .00328 without it coming to my attention yet.
#1504 of 1582
Re: MF on '10 RX350 .00328! [go99] by kyfdx HOST
Sep 30, 2009 (3:00 am)
Reply

Replying to: go99 (Sep 29, 2009 4:36 pm)

LFS = Lexus Finance
 
MF = Money factor (lease term that can be roughly converted into an interest rate)
#1505 of 1582
Re: MF on '10 RX350 .00328! [go_orange] by babybeans
Sep 30, 2009 (7:35 am)
Reply

Replying to: go_orange (Sep 29, 2009 5:42 pm)

I should have laughed but I think I was too bowled over to come up with anything but a dropped jaw.
 
I know they can pull premium $$ on the RX right now but that's off the charts. I think I'll start selling RX's on the side if that's what people are paying.
#1506 of 1582
Re: MF on '10 RX350 .00328! [go_orange] by babybeans
Sep 30, 2009 (7:58 am)
Reply

Replying to: go_orange (Sep 29, 2009 5:42 pm)

Thanks for the response go_orange. That's what I was looking for.
#1507 of 1582
December to Remember in November? by go_orange
Sep 30, 2009 (7:38 pm)
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Does anyone know when the "December to Remember" sales event begins? Is it strictly limited to the month of December as the title of this sales event suggests, or does it actually begin a bit earlier (around Thanksgiving) and end a bit later (after New Year's Day). It may make a difference to me because I am in a situation of extending my lease to see what this sale brings (or doesn't bring, as the case may be).
#1508 of 1582
Re: December to Remember in November? [go_orange] by go_orange
Oct 01, 2009 (5:46 pm)
Reply

Replying to: go_orange (Sep 30, 2009 7:38 pm)

My local dealer thinks there's a good chance it may start as soon as early November.
 
In the meantime, he confirmed today that the lease program on the RX for Oct is unchanged, meaning a residual of 60% and a (non-loyalty) money factor of .00255 for a 3 year lease with 15,000 miles per year.
#1509 of 1582
Tier 1 or Tier1+ by lexus21
Oct 02, 2009 (5:57 pm)
Reply
I have heard that there is a difference between tier 1 and tier 1+ for Lexus.
 
What is the credit score range for tier 1 and tier 1+
 
From what I have heard:
 
Tier1 (720-730)
Tier1+ (730 and above)
 
Does anyone know if this is correct?
 
Now is there currently a difference in the MF for October for the RX350 between tier 1 and tier1+?
 
I am also about to lease a car for the first time. I have never financed a car either but have a credit score between the 720-730+ range. How would I know which tier I would qualify under?

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