- #181 of 1578
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Re: Rx 350 AWD [screwjack]
by mss443
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Jul 26, 2006 (10:56 am)
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Replying to: screwjack (Jul 18, 2006 5:55 pm)
After making a rough adjustment for the capital cost reduction (without considerting the time value of $2500 over the period of lease), the residual is approximately 56.5%. This seems to be leaning towards the side of the dog with fleas because LFS residual for the month of August is supposedly 58% for the car with no RES. [It was 57% and 1.145 when I acquired my vehicle a couple of weeks ago when Lexus had some lease promotions both with respect to the residual and MF.) Looks like it is about $800 -1000 overpriced over the duration of the lease. For the purpose of comparison, consider asking him the residual value without capital cost reduction. As an alternative, why dont you consider the multiple security deposit promotion and see whether you get a greater benefit through that route. Good luck.
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- #182 of 1578
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Just leased (with an option to purchase :)
by sxylxy
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Jul 27, 2006 (11:35 am)
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Replying to: mss443 (Jul 26, 2006 10:56 am)
First, a thank you to all of the great info on the board. It helped during the 3 month process of looking for the right car at a good price. After dealing with dozens of salesmen, leasing specialists, European Delivery Plan people, etc...and having a full 90% lie to or mislead me, this board was a welcome respite. Most people in the auto trade will say anything to get you into the dealership, which makes the process that much longer.
It was very difficult to find a black Lexus RX 350 with Premium/Mark Levinson/black interior/AWD when the time came to lease. I really wanted the black interior but could not find it anywhere in the state. So I gave up on the black interior and the AWD.
MSRP: $48,243
Cap Cost: 42,450
Aquisition: 600
Residual: 26039 (54%)
MF: .00151
Fees (DMV): 394
Love the car! Hope this helps someone else. It's confusing with the reductions in the packages, etc... So Carman, how'd I do?
I plan to buy the vehicle at the end of the 3 years for the $26K and keep it for a year, until the warranty gives up. I get free car washes the whole time I have the car, 1st service free, and free shuttles to the airport. I'm happy  It's the nicest car I've ever had.
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- #183 of 1578
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Re: Just leased (with an option to purchase :) [sxylxy]
by sxylxy
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Jul 27, 2006 (11:38 am)
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Replying to: sxylxy (Jul 27, 2006 11:35 am)
I forgot to add that my payment including tax is $639 and there was no cap cost reduction. Just 1st month + fees ($394). This RX has the Gen. 5 Navigation and Bluetooth.
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- #184 of 1578
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August numbers from LFS
by ebg
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Aug 01, 2006 (11:23 am)
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Hi Carman,
Please, share the residual and MF on a 36 month, 12K/year RX350 lease program. (No Navigation, Northern California).
I wonder why is the 48 month lease term not as popular? What would be the residual in this case?
Thank you.
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- #185 of 1578
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To hybrid or not to hybrid?
by dmemmolo
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Aug 01, 2006 (5:02 pm)
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Hi Carman,
My husband and I are thinging about the Rx400h, but I am having a hard time making the decision to pay such a huge premium for a vehicle. If I am calculating correctly, it will cost me nearly $300 more per month to lease a 2006 RX400h than a 2007 RX350. Are my calculations correct?
Thanx
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- #186 of 1578
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Re: Basis for Residual and the Residual for accessories [mss443]
by Car_man HOST
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Aug 02, 2006 (1:56 am)
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Replying to: mss443 (Jul 16, 2006 10:25 am)
You;re very welcome, mss443. Vehicles' residual values are based upon a percentage of their full MSRPs, including destination charges and the MSRPs of any options that can be residualized. You may not be able to residualize dealer installed options. If that is the case, in order to have a dealer installed option added to your lease you would have to pay for the entire thing over the length of your lease. As a result, a remote starter that has a price of $489.30 (30% off of $699) would increase the monthly payment of a 36 month lease by $13.59.
Car_man
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- #187 of 1578
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Re: Rx 350 AWD [screwjack]
by Car_man HOST
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Aug 02, 2006 (2:01 am)
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Replying to: screwjack (Jul 18, 2006 5:55 pm)
Hi screwjack. Lexus Financial Services' current buy rate lease money factor (as of July 27th) for the 2007 RX 350 is .00175. I would be happy to use this number to estimate what your lease payment should be on this truck, however in order for me to do so I need you to provide me with its full MSRP.
Car_man
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- #188 of 1578
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Re: Just leased (with an option to purchase :) [sxylxy]
by Car_man HOST
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Aug 02, 2006 (2:03 am)
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Replying to: sxylxy (Jul 27, 2006 11:35 am)
Congratulations on your new truck, sxylxy. The money factor and selling price that you mentioned in your post look good to me. You never mentioned your monthly payment though. Enjoy your new truck!
Car_man
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- #189 of 1578
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Re: August numbers from LFS [ebg]
by Car_man HOST
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Aug 02, 2006 (2:11 am)
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Replying to: ebg (Aug 01, 2006 11:23 am)
Hi ebg. 48 month leases are not more popular for three main reasons. The first is that many automakers do not provide lease support on 48 month terms. This is the case with Honda and Toyota. I suspect that they don't provide support on 48 month leases because they want their customers to come back and get a new vehicle sooner than that, which makes sense. This isn't an issue with Lexus because its special money factors are available for up to 48 months. The second main reason is that 48 months is longer than many vehicles' full warranties. Many consumers don't want to drive a vehicle that doesn't have full warranty coverage for the last year of their lease. Again, this is not a problem with Lexus because its models come with 4 years / 50,000 miles of full warranty coverage. The third reason why 48 month leases are not more popular is that 4 years is a long time to drive one vehicle for. Consumers who lease tend to want a new car or truck every couple of years. It's usually fairly expensive to get out of leases early.
If you were to lease a 2007 Lexus RX 350 AWD without navigation through Lexus Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00175 and 59%, respectively. Just in case you are interested, the numbers for an otherwise identical 48 month lease of this truck are .00175 and 50%.
Car_man
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- #190 of 1578
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Re: To hybrid or not to hybrid? [dmemmolo]
by Car_man HOST
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Aug 02, 2006 (2:16 am)
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Replying to: dmemmolo (Aug 01, 2006 5:02 pm)
Hi dmemmolo. Many consumers find that the savings in gas that they experience from purchasing a hybrid vehicle does not justify the premium that they have to pay for it compared to a similar non-hybrid model. I would be happy to calculate the difference in lease payments between the RX 350 and RX 400h that you are considering if you provide me with their full MSRPs and approximate selling prices.
Car_man
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