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Lexus RX 350 / RX 450h Lease Questions

1568 messages,  Last post on Nov 23, 2009 at 11:26 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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#165 of 1568
Re: Rx 350 AWD [wantmb] by Car_man HOST
Jun 15, 2006 (1:49 am)
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Replying to: wantmb (Jun 06, 2006 6:48 am)

Hey wantmb. I guess that you don't want an MB any more huh? Here's the info that you're looking for. If you were to lease a 2006 Lexus RX 350 AWD without the entertainment system through Lexus Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00205 and 57%. This truck's 12,000 mile per year residual value is 2% higher. The lease program for this truck is the same for models with and without the navigation system. If the state of Maryland falls in Lexus' Eastern region you are in luck, because in that part of the country it has enhanced its normal money factor for this truck to .00170. All of the aforementioned factors assume that you qualify for LFS' "Tier 1+" credit tier.
 
Using the special Eastern region program, an MSRP of $43,120, and a selling price of $38,423, I estimate that this truck's zero down, pre-tax monthly payment should be around $492.
 
Let me know if you have any other questions.
 
Car_man
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#166 of 1568
Re: LFS's June RX350 Special Lease [turquoise_e1] by Car_man HOST
Jun 15, 2006 (1:53 am)
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Replying to: turquoise_e1 (Jun 13, 2006 7:18 pm)

Hello turquoise. Lexus' nationally advertised special lease for the 2006 Lexus RX 350 AWD without the entertainment system is based upon a lease money factor and residual value of .00205 and 59% (36 months with 12,000 miles per year). As I mentioned in an earlier post, this special money factor is enhanced to .00170 in Lexus' Eastern region. All of the aforementioned factors assume that you qualify for LFS' "Tier 1+" credit tier. It appears as though the money factors that you backed into are a little off.
 
Car_man
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#167 of 1568
Re: LFS's June RX350 Special Lease [Car_man] by stone19
Jun 15, 2006 (1:33 pm)
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Replying to: Car_man (Jun 15, 2006 1:53 am)

I am close to leasing an RX 350 AWD w/ PP+ NAV in NJ, MSRP 46,583, I have cap cost of 41,752 (500 over invoice) and the dealer is giving me a MF of .00145 - I have seen other sites giving a MF of .00125 can anyone confirm what Tier 1 MF is? I am also going to use MSD to lower the factor
#168 of 1568
Re: Rx 350 AWD [Car_man] by wantmb
Jun 16, 2006 (5:27 am)
Reply

Replying to: Car_man (Jun 15, 2006 1:49 am)

CarMan,
 
Thanks for the update. We actually pulled trigger on MB but decided to purchase. We are deciding between leasing RX (not sure if we want a small SUV-wifes choice)or my suggestion of purchasing a Acura TL or actually waiting for new Infiniti G35 in the fall. Decisions, decisions. I did receive a RX lease (MSRP $43,933 - selling price of $39,500) offer for 36 mos 17k miles money factor .00170, 55% residual, zero down after tax quote of $623 which I feel matches your comments and is a fair offer. Your thoughts would be appreciated, what do you think about the price and my vehicle/wife dilemma?
 
As always thanks for your service!
#169 of 1568
Carman can you help? by caligirl5
Jun 29, 2006 (2:42 pm)
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Hi Carman,
 
I'm considering leasing for the first time and saw your post of the June lease rates for the RX350. My local dealer in Southern CA offered a 36mo/36,000miles lease with a MF of .00198, price=38,687 (including the rear entertainment in each headrest added at the dealership/not entertainment package) and a residual of 24,576.34 . Are there different money factors for the RX350 in Southern California? The MF I saw posted here on Edmunds was .00125 . Thank you for any help you can provide.
#170 of 1568
Just Leased! by pialphaphi28
Jun 29, 2006 (10:34 pm)
Reply
Just got back from the dealership with a 07 RX350 FWD w/ Premium Plus and Nav. in Millenium Silver/Gray. Package also included the following additional options: heated front seats, rain sensing wipers, 18 in alloy wheels, cargo mat and wheel locks.
 
MSRP: 45,023 (includes 695 delivery and processing fee)
Gross Cap: 39,911
Residual: 23,862.88
Money Factor: .00145
36 months
18,000 miles/yr
$0 Money Down
Tier 1 Credit
 
After-tax Monthly Payment: $582.66
 
I think this was a great deal considering im in Southern California. Could've gone even lower but I'm satisfied. Plus, got to return a leased GS300 six months early with remaining payments waived. Still fiddling with the Nav and buttons and everything, but I'm loving it so far. I read the posts in this forum diligently and it definitely helped throughout the research process. So, returning the favor and maybe someone else may find it useful. Thanks Edmunds and Inside Line and everyone else on this board!
 
Any feedback on these figures will be greatly appreciated. =)
#171 of 1568
Re: Just Leased! [pialphaphi28] by caligirl5
Jun 30, 2006 (9:27 am)
Reply

Replying to: pialphaphi28 (Jun 29, 2006 10:34 pm)

pialphaphi28, which dealership did you go through? That is a better money factor than any of the dealers have quoted me with tier 1+ credit. The lowest money factor I've been quoted is .00177 with $934 down.
#172 of 1568
Re: Just Leased! [caligirl5] by pialphaphi28
Jun 30, 2006 (1:55 pm)
Reply

Replying to: caligirl5 (Jun 30, 2006 9:27 am)

caligirl5:
 
Leased at Longo in El Monte. I also emailed several other dealerships and I mostly got .00145 or .00155 but nothing over that. I've seen as low as .00125 on this board though. Pulled the trigger yesterday since the bump in interest rates got me scared for next months factors. Plus it was near the end of the month so I figured what the heck.
#173 of 1568
Leased on the East by pennylane
Jul 03, 2006 (3:12 pm)
Reply
I wasn't planning to lease because I need a lot of mileage, but I think this is a good deal on a new 2007 RX350.
I'd appreciate your thoughts on this deal:
AWD & Premium Plus (but no NAV):
MSRP 43933
GROSS CAP 39405
20,000 miles (I will definitely use these miles)
36 months
$4567 ($down incldg cap cost, tax, 1st month, fees, etc)
 
To bring the monthly payment to $500/month
 
I know it's a lot down, but I sold my old car that gave me the extra cash.
#174 of 1568
Difference in the residual of units with and without entertainement system by mss443
Jul 13, 2006 (5:26 pm)
Reply
I am about to close a deal on the 2007 RX 350 with Premium plus package, Nav and factory-installed rear seat entertainment system (RSES) . For 12,000 miles/36 months lease the MF is 0.00155 and the residual is 57%. For an identically equipped vehicle WITHOUT the RSES, the dealer quoted 59% residual. Is the two-point difference normal? Or, should it be 58%, or 59%? I have one more day to close the deal. So, if one of you experts out there can give me some guidance, it will be extremely helpful. Tx.

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