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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: 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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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
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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.
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Replying to: jmcmbz (Aug 25, 2006 10:04 pm) 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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This is my deal in NJ. Base MSRP* $38,800.00 • Standard Features Available Packages $3,538.00 • Premium Plus Package - Luxury Value Edition with Additional Options Delivery, Processing & Handling Fee† $695.00 Total MSRP** $43,033.00 We agreed for $39,000. Bank Fee $600 Documentation $199 MF - .00085 MSD - 525*9=4725 DMV - $262 36 months 15 K Miles a year Residual = 56% Lexus credit card points to buy a new car = 50,000. Lexus credit card points to make 5,000 payment to dealer = 25,000. So this deal gives me $750 on my Lexus credit card, which I should be able to spend during my lease period for any service. I used Lease Calculator on Internet - which gives me a payment of 500 a month, but dealers lease calculator calculated 503 a month. I finalized the deal in a 3 minute phone call. He quoted me 39200 + 199 documentation. I offered 39000 and he agreed. Two new things that I learnt, which I did not learn from past few days of reading this forum: 1. The dealer's calculators are different from Internet calculators  2. MSD's have to be rounded up to the next 25, so for my 503 lease - they rounded it up to 525. Hope I have covered all the info that anyone else may be interested to find.
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Replying to: sdani (Aug 06, 2006 5:10 am) I completely agree that you should not pay a $2,500 down payment on a lease of this truck. Let's recalculate its lease payment with no money down and see what we come up with. According to my calculations, if you were to lease a 2007 Lexus RX 350 AWD without the entertainment system with an MSRP of $43,033 and a selling price of $39,723 through Lexus Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $513. Now let's take a look at the fees that this dealer is trying to charge you. Lexus Financial Services charges an acquisition fee of $600 on every vehicle that it leases. This charge is not negotiable. It is difficult for me to say what the motor vehicle fee should be in your area, but you should have to pay something for this item. The window etch is basically worthless and I personally would not pay for it if I was in your situation. The doc fee is really nothing more than a way for the dealer to add additional profit to your deal. Most dealers try to add doc fees to deals. If you are happy with this car's total price, including the doc fee, it doesn't really matter how it breaks down. Car_man Host Prices Paid Forum
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