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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1593 messages, Last post on Dec 08, 2009 at 6:21 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi cindola1. It is difficult for me to say how good a deal that you got on your truck because you leased it so long ago and I don't know what its full MSRP is. If I knew its MSRP, I could at least see how much of a discount you were given on it. Still, I don't know what the market was like for it back when you leased or what its lease program was like. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive. You can determine approximately how much it will cost you to purchase your truck before the scheduled end of your lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to buy your truck. Car_man Host Smart Shopper / Prices Paid Forums |
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Hey mkupneski. Lexus' October lease program was actually scheduled to run through November 11th. You never mentioned the selling price of the truck that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the RX that you are interested in for you if you let me know what its selling price is. You may be able to get a good idea of how much you should pay for it right now by visiting the following discussion: "Lexus RX 330: Prices Paid & Buying Experience". Car_man Host Smart Shopper / Prices Paid Forums
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Folks, Anyone has ever dealt with or leased RX330 financed thru Hann Auto? Does anyone have their Residuals and Money Factors for 2006 RX330 model? I've heard from a dealer in NJ that they are pretty aggressive on 2005 RX330's and have an odd 30 month program with 10K miles. Also what are the Bank Fees for LFS and Hann? Thanks.
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Replying to: malenky (Nov 02, 2005 1:25 pm)
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Replying to: ladymaven (Nov 03, 2005 3:23 pm) Is the price of $41,000 negotiated price or is it MSRP? Is $498 per month including tax or plus tax? Also the residual look a bit too high that is good, the money factor is higher than LFS - this is not so good. Judging by the previous posts this deal doesn’t sound too hot. End date of Nov, 9th is a bit strange as well, these lease programs usually run on a calendar month basis, even though I’ve read that LFS has it’s October program till November, 11th. |
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$41,000 is the negotiated price for an all wheel rx300 and premium plus pkg; it does not include the tax ( $2900 at signing) the money factor is the lowest rate going ( .0025)this is for 32 months w 10,000 miles, got another quote for 3 yrs, 12,000miles w money factor of .oo255 and monthly payments of $579.07.
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Replying to: Car_man (Nov 02, 2005 3:44 am) I am interested in leasing a Lexus RX 330 FWD w/Premium Package. The price I am willing to pay is $33,816.00. ($32,100.00 invoice + $1,716.00 package; these are Consumer Report prices). The term is 36 months  15000 miles per year. I would appreciate if you could let me know the if the price I am willing to pay is reasonable/fair. Also, what would be my monthly payment? What values did you factor in to compute the monthly payment? I am unaware of this November Lease Deals. Is it available in South East? Please feel free to make any suggestion. Thank you very much.
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Hello Car_man, I am interested in a 2006 premium plus with nav. MSRP 45,708. I am planning a 39 month lease, with 12k miles/yr. Please give me an opinion of the following parameters: 1) Sale price $41,800 2) Money factor 0.0026 3) Residual = 57% 4) Acquisition Fee = $650 5) Security Deposit = $0 - assumes excellent credit This gives me a monthly payment of $598.53 Another questions; Maryland has a 5% sales tax. Should I pay this amount $2090(5% of sale price and acq. fee) up front at signing or can I pay this with the monthly payment. Thanks, Michael from MD
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Replying to: Car_man (Nov 02, 2005 3:44 am) Just came from a Dealership with this deal. Please be brutally honest about your thoughts on the deal. It is for a 2006 RX330 w/Premium Package. MSRP $43720 Sell Price $40000 Residual value $24500 Term 36 Months Down Payment: 2500 Trade in: 1997 Maxima 3000 Money factor was quoted as being .0012 Monthly payment came out to be $468 per month. What am I missing here? My thoughts are: 1) money factor was wrong 2) down payment? they are going to make their profit off of my trade in. plus a down payment? Let me know your thoughts? Seekingdeal1
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Replying to: nc_driver1 (Nov 06, 2005 8:49 pm) For now, I can tell you that Lexus is not currently providing any sort of lease support on the RX 330. As a result, if you were to lease one through Lexus Financial Services right now you will have to use its standard lease money factor. The last time that I saw its standard factor it was .00235 for consumers who pay a security deposit and qualify for its Tier 1+ credit tier. Lexus Financial Services current 3 year, 15,000 miles per residual value for the 2006 RX 330 2WD without navigation or the rear entertainment system is 56%. You may want to consider waiting a little while to lease this car. Every year Lexus usually runs its "December to Remember" sales event and provides lease support on most models. Lexus is scheduled to introduce a new lease program on November 23rd. There is a good chance that its money factor for this truck will be much more attractive then. Car_man Host Smart Shopper / Prices Paid Forums
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