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Lexus RX 350 / RX 450h Lease Questions

1568 messages, Last post on Nov 23, 2009 at 11:26 AM
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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. =)
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Replying to: pialphaphi28 (Jun 29, 2006 10:34 pm)
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Replying to: caligirl5 (Jun 30, 2006 9:27 am) 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. |
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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. |
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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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Replying to: wantmb (Jun 16, 2006 5:27 am) Car_man Host Prices Paid Forums
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Replying to: caligirl5 (Jun 29, 2006 2:42 pm) Lexus' new July buy rate lease money factor and residual value for a 36 month lease of a 2006 RX 350 AWD with the rear entertainment system and with 12,000 miles per year are .00145 and 57%, respectively for consumers who qualify for its Tier I+ credit tier. Make sure to negotiate an attractive selling price on this truck (this should not be a problem in a competitive market like Southern CA) and that the dealer you get your truck from uses its buy rate lease money factor to calculate its monthly payment. Car_man Host Prices Paid Forums |
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Replying to: mss443 (Jul 13, 2006 5:26 pm) Car_man Host Prices Paid Forums
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Replying to: Car_man (Jul 16, 2006 5:00 am)
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Replying to: Car_man (Jul 14, 2006 2:24 am) Term- 36 months Miles- 12k Residual-$24,959 Based on Tier 1+ credit approval Selling Price- $39,723 Cap Cost Reduction - $2,500 Sec. Dep. (Waived) - $0 Acq. Fee - $600 Total Drive Off - $3,549 The above pricing does not include registration, doc fees or taxes. On a follow-up the sales guy noted the Money factor was .00175 and the total drive off - which I take to be incld taxes fees, etc, is more like $4137, and the Lease payment with tax is $479 ($449 without). I can't make those numbers work in the lease calculator - it keeps spitting out a higher lease payment than I am quoted. Also, the residual seems high at 62%. I know the cap cost reduction is high, and according to your last post the MFs can be as low as .00145 this month. I feel like I am missing something. Is this a dog with fleas, a dog, or a show dog lease? Thanks! Confused |
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