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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1570 messages, Last post on Nov 28, 2009 at 7:02 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: sxylxy (Jul 27, 2006 11:35 am) Car_man Host Prices Paid Forum |
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Replying to: ebg (Aug 01, 2006 11:23 am) 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 Host Prices Paid Forum
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Replying to: dmemmolo (Aug 01, 2006 5:02 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (Aug 02, 2006 2:16 am) My monthly payment is $639 with zero down (just DMV & 1st month). I have the NAV, Mark Levinson, 2WD, RES (had to get that...darn!...18" alloy wheels and heated seats). Thank you for all of your terrific info. 
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Greetings all, Does anyone have the Money Factor / Residual details that Lexus is offering during the "Golden Opportunity Sales Event."? This is what I got from a NJ dealer yesterday, but I wanted to know more details like MF & Residual etc, so that if I negotiate on the final price, I know the rest of the calculation is correct. RX350 - 2007 Base Model with Standard Premium Package, Destination Charge + 2-3 small standard additions (All cars come with these - per the SalesMan) - MSRP -> 43033 Sale Price (till Sept 4th) -> 39723 12K per year 2500 Capital Cost Reduction 1767 Inception Fee - Including 1st Month Fee $449 per month + TAX. Based on the TMV price on Edmunds, I am okay with 39723 Sale Price, but I would like not to pay 2500 Capital Cost reduction, and thus would like to know the factors / numbers used to recalculate if I don't want to pay that price. Also, is the inception fee standard or can I negotiate in any of these fees: Total 1767 - I don't know how it breaks up, because the sum does not match, but this is what they gave me: Bank Fee -> 600 MV -> 360 Window Wetch -> 169 Documentation Fee -> 199 Credit Check -> 15 Tire Tax -> 7.80 Some other local tax -> 8.30 Thanks for your time. |
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Replying to: sdani (Aug 06, 2006 5:10 am) mainly because it has better flexibility and I felt it had the best power of the three. I was given a figure for a monthly lease payment of around $540 per month based on $3000 total put down. This would include the inceptions and a small cap cost( I'm guessing of around 1500 to 1700.) But I need 15k a year; and, thus they're coming up with the $540 instead of $520. Are you saying they want you to put $2500 down plus the inception fees? That would make your total down payment of over $4267. Of course, that would explain the low monthly down payment. In our local newspaper here in the Tampa Bay area, Lexus is advertising a monthly lease payment of $458/month with $3999 down for 48 months, 12k a year. Incidentally, my lease offer is for 48 months also. How long is your lease offer for? I really hate to have to put anything down over and above the inceptions fees. But then I'd probably be talking about a monthly payment of over $600 on a model that only has the premium package. I was also surprised at how much the monthly payment jumps to get a 15k/year lease! I forgot to add though that your vehicle may have a few more options than the one I'm looking at because my vehicle's MSRP is around $40,000 and the selling price is $37,000 and some change. So yours might sound a little better. It sounds like you might be getting the premium plus instead of just the premium model??? |
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Maximafan, It may be Premium Plus. I did not go in details because I visited two dealerships and they both said that this is something which comes prebuilt in NorthEast, i.e. the only two options I have is Navigation & No Navigation. The NoNavigation is 43033 sticker (AWD) and Navigation is an extra 2600. As far as the lease, I don't think that I will pay the 2500 down. I will adjust it in my lease payments. The total cost that the dealers are asking beyond the sale price is between 900-1300 in NJ. This includes 600 Bank Fee, which some has mentioned as Acquisition Fee in other forums (non lexus and lexus). Th ethink the 199 documentation fee is something which I won't like to pay, but I would rather negotiate on base price. Based on information I have so far, here is the Golden Sales Event in NJ -> I may be wrong so wait for Car Man to confirm: MF = .00175 Residual = 58% (36 month 12K/year) 56% (36 month 15K/year) 49% (48 month 12K/year) 47% (48 month 15K/year) Remember to calculate the residual on MSRP (sticker price). UpTo 9 MSDs are allowed which can bring down the MF by 85 to 90 points, i.e. .00090. Now using these numbers you can calculate your numbers. Thanks sdani
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Replying to: sdani (Aug 06, 2006 7:13 pm) The dealer and I finalized the MSRP (the options),color, and the payment that I was looking for over the phone. I had a higher MF and a higher residual in my calculations. The fact that the MF and residual % were lower at the signing didn't make much difference to me. I figured that at least I'd have a lower purchase price in three years if I decide to buy. Since we agreed on the phone, I don't plan to ask the dealer this question. Isn't the residual set by Lexus itself? Why would I get a 54% residual, instead of the 56% that Lexus set?
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Hi does anyone know what the current money factor is for a 36 month lease with 15000 per for the RX350 AWD with the premium plus package?
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Replying to: jsmil4901 (Aug 14, 2006 11:39 am) MSRP: 45,683.00 Gross Cap Cost: 40,431.00 Residual val: 57% 15K miles/year $455.00 /mo for 36 mo Out of pocket: Taxes upfront: 1202.00 Doc fee: 199.00 Bank fee: 600.00 DMV: 270.00 Tire: 7.30 First mo: 455.00 9 MSDs: 4275.00 --------------- Total: 7009.00 Disp fee at end: 0
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