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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

What is this discussion about? Lexus RX 450h, Lexus RX 350, Car Leasing, SUV


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#196 of 1578
Current money factor by jsmil4901
Aug 14, 2006 (11:39 am)
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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?
#197 of 1578
Re: Current money factor [jsmil4901] by amcar
Aug 16, 2006 (5:49 pm)
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Replying to: jsmil4901 (Aug 14, 2006 11:39 am)

I leased a 07' RX 350 last month. AWD + Prem Pkg Here's the deal.
 
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
#198 of 1578
Re: Lease Deals on RX350 by aggieque
Aug 16, 2006 (8:50 pm)
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Replying to: mkupneski (Nov 01, 2005 6:55 am)

Car man,
 
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!
#199 of 1578
Re: Rx 350 AWD [Car_man] by drewman8
Aug 17, 2006 (10:38 am)
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Replying to: Car_man (Aug 02, 2006 2:01 am)

I am about to buy a 2007 RX 350 with an MSRP of $43,283(NAV car). I negotiated the final price down to $40,200 + TTL
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
#200 of 1578
Re: Lease Deals on RX350 [aggieque] by maximafan
Aug 17, 2006 (10:12 pm)
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Replying to: aggieque (Aug 16, 2006 8:50 pm)

Hi, aggieque. I just picked up my new '07 RX.
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!
#201 of 1578
Re: Lease Deals on RX350 [maximafan] by aggieque
Aug 18, 2006 (1:43 pm)
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Replying to: maximafan (Aug 17, 2006 10:12 pm)

maximafan- thanks for the advice. The dealership has agreed to eat the remaining payments. I think we have a pretty good deal but wanted confirmation from the moderators.
#202 of 1578
Re: August numbers from LFS [Car_man] by ebg
Aug 19, 2006 (10:08 am)
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Replying to: Car_man (Aug 02, 2006 2:11 am)

Thank you Car_man,
 
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)
#203 of 1578
Car_man, How does this deal look? 07 RX350 w/ NAV in So. Cali by jmcmbz
Aug 25, 2006 (10:04 pm)
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I'm helping a friend with this deal. This is what I negotiated here in So. Cal. The car is Front Drive w/ NAV, Premium, Heated seats/Rain sensors, 18" wheels. I'm told this is selling price is $600 below invoice but the numbers on edmunds show a much lower invoice. I'm not too worried as it seems competitive and this is the same "selling price" if configured on CarsDirect.com so that makes me feel good about it. The other thing I'm not quite sure about is the 55% residual. I got the 55% from 2 different dealers so I belive the salesman when he tells me it's direct from Lexus financial. But I'm wondering why it doesn't match up with the 56% listed here by maximafan. Maybe it's for California or the vehicle w/ Nav or it's changed mid-month. I think we're gonna go with this unless there is some big discrepency. The car doesn't arrive until 8/28 or 8/29 so hope to hear by then. Thanks Car_man for the info and help and to anyone else as well!
 
MSRP $44,123
Sell Price $38,764
36 month lease term
15K miles per yr.
Total due at lease signing $1,560.77
(includes 1st payment, DMV and $600 bank-fee)
Residual (55%) $24,267.65
Money Factor .001750 (w/ No Security Deposit)
Mo Payment incl. 8.25% Tax $555.31
#204 of 1578
Lease Rates RX 350 by sunny5117
Aug 28, 2006 (9:12 am)
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Hi Carman-
I have a question on the money factor during the Golden Opportunity event. I've seen .00175 and .00145 on this discussion board. Can you tell me what the latest rate is?
Also, what does MSD mean?
Thanks for the help.
#205 of 1578
Re: Car_man, How does this deal look? 07 RX350 w/ NAV in So. Cali [jmcmbz] by jmcmbz
Aug 30, 2006 (8:10 pm)
Reply

Replying to: jmcmbz (Aug 25, 2006 10:04 pm)

PS: the dealer added chrome wheels to this deal without any changes to the terms. Can anyone conifirm the 55% residual? We are getting the car tomorrow so I hope this is all good.
 
MSRP $44,123
Sell Price $38,764
36 month lease term
15K miles per yr.
Total due at lease signing $1,560.77
(includes 1st payment, DMV and $600 bank-fee)
Residual (55%) $24,267.65
Money Factor .001750 (w/ No Security Deposit)
Mo Payment incl. 8.25% Tax $555.31

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