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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1578 messages, Last post on Dec 01, 2009 at 4:58 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: mkupneski (Nov 01, 2005 6:55 am) My wife is considering trading in her 2003 RX300 lease (8 months remaining at $505) for a 2007 RX350- AWD, Premium Nav package. Here's the deal MSRP- $45683, Sale Price- $40,748, $1651.94 down and $613.75 (tax included) for a 3yr, 12K mile lease. On a 4yr, 12K lease- they are offering $1616 down and $578 (tax included). What's your take? Should we take the deal or pay off the lease as scheduled? thanks in advance for your assistance!
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Replying to: Car_man (Aug 02, 2006 2:01 am) What info can you give me that I will need to make sure I get the correct(best) lease deal on this car with 15k miles? Thanks in advance
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Replying to: aggieque (Aug 16, 2006 8:50 pm) My 2002 Maxima was totaled out from a wreck I was involved in almost a month ago. My saleswoman kept reiterating to me that if you are a current Lexus customer, that Lexus is very generous in waiving remaining payments on existing leases in order to get their customers into new leases. I don't know how much they would waive, or maybe since Lexus vehicles don't depreciate much, then you could get them to buy your car and see if you come out ahead that way. You might want to inquire about this at your local dealer. Good Luck. The RX350 is a fantastic car!
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Replying to: maximafan (Aug 17, 2006 10:12 pm) |
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Replying to: Car_man (Aug 02, 2006 2:11 am) I leased an RX350 last weekend. The residual was off by one percent (58 instead of 59), but I figured that it must have been adjusted by LFS. Anyway - for those still on the market I hope the details of my deal will be helpful: RX350 AWD, P+, 18", Heated Seats 3 Years, 36K Miles Lease MSRP: $43,033 Selling Price: $38,000 Acquisition Fee: $600 9 Sec Deposits: $4500 Driveoff: $830 Monthly Payment: $469 (including tax)
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