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Lexus RX 350 / RX 450h Lease Questions

1582 messages,  Last post on Dec 03, 2009 at 11:27 AM

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

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#205 of 1582 Re: Car_man, How does this deal look? 07 RX350 w/ NAV in So. Cali [jmcmbz] by jmcmbz Aug 30, 2006 (8:10 pm)
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
#206 of 1582 RX350 Lease by sdani Aug 31, 2006 (7:36 am)
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. Replies to this message: Car_man (Sep 04, 2006 5:40 am)
#207 of 1582 Re: Leasing during "Golden Opportunity Sales Event" [sdani] by Car_man HOST Sep 03, 2006 (5:53 am)
Replying to: sdani (Aug 06, 2006 5:10 am) Greetings sdani. Through September 4th, Lexus Financial Services' buy rate lease money factor and residual value for a 36 month lease the 2007 RX 350 AWD without the entertainment system with 12,000 miles per year are .00175 and 59%, respectively for consumers who qualify for its "Tier 1+" credit tier.   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 Replies to this message: markish (Sep 23, 2006 2:33 pm) Car_man (Sep 27, 2006 2:00 am)
#208 of 1582 Re: Leasing during "Golden Opportunity Sales Event" [sdani] [maximafan] [sd by Car_man HOST Sep 03, 2006 (5:58 am)
Replying to: sxylxy (Aug 06, 2006 7:47 pm) Hi sxylxy. Vehicles' residual values are set by the bank that you are leasing through. The residual value that you were originally quoted over the phone should not have changed. The dealer that initially quoted you it must have either made a mistake or Lexus' lease program must have changed between the time that you were originally quoted a lease over the phone and you went into the dealer.   Car_man Host Prices Paid Forum
#209 of 1582 Re: Current money factor [jsmil4901] by Car_man HOST Sep 03, 2006 (6:00 am)
Replying to: jsmil4901 (Aug 14, 2006 11:39 am) Here's the info that you are looking for, jsmil4901. Through September 4th, Lexus Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2007 RX 350 AWD without the entertainment system with 15,000 miles per year are .00175 and 57%, respectively.   Car_man Host Prices Paid Forum
#210 of 1582 Re: Current money factor [amcar] by Car_man HOST Sep 03, 2006 (6:01 am)
Replying to: amcar (Aug 16, 2006 5:49 pm) Congratulations on your new truck, amcar. Thanks for taking the time to share the details of your lease with everyone. Enjoy!   Car_man Host Prices Paid Forum
#211 of 1582 Re: Lease Deals on RX350 [aggieque] by Car_man HOST Sep 03, 2006 (6:03 am)
Replying to: aggieque (Aug 16, 2006 8:50 pm) Hi aggieque. You are probably going to end up paying way more than you should for your new truck if you get out of your current lease eight months early. You would be better off waiting until you are closer to the scheduled end of your current lease to get a new vehicle.   Car_man Host Prices Paid Forum
#212 of 1582 Re: Rx 350 AWD [drewman8] by Car_man HOST Sep 03, 2006 (6:07 am)
Replying to: drewman8 (Aug 17, 2006 10:38 am) Hello drewman8. I can give you an idea of what this truck's current lease program is like. This information will enable you to make sure that the dealer that you are working with is not trying to mark your vehicle's money factor up to add additional back-end profit to your deal. Through September 4th, Lexus Financial Services' buy rate lease money factor and residual value for a lease of a 2007 Lexus RX 350 AWD without the entertainment system with 15,000 miles per year are .00175 and 57%, respectively. Make sure that this is the money factor that the dealer you are working with is using to calculate your truck's monthly payment. You also may want to stop by the following discussion to compare the price that you were quoted to the prices that other community members have paid for similar vehicles lately: jstempel, "Lexus RX 330 / RX 350: Prices Paid & Buying Experience" #, 24 Jun 2003 3:31 pm.   Car_man Host Prices Paid Forum
#213 of 1582 RX350 lease by nhraguy Sep 03, 2006 (7:48 pm)
Deal looks like this here in NJ. 07 RX350 awd,premium plus with nav.package & towing prep. Forgot the exact selling price, but believe it was little over $3000 off msrp. Here's the rest of the numbers.   MSRP $ 45,683 Resid. 58% MF .00175 Dn Pmt. $2,500 Security 0 Bank Fee 600.00   Monthly Lease pmt. $479.00 + tax.    Any thoughts?? Last day of sale tommorrow, was going to go to another dealer and see if they can better it any, but have my doubts since this is a factory program. Replies to this message: Car_man (Sep 04, 2006 5:45 am)
#214 of 1582 Re: August numbers from LFS [ebg] by Car_man HOST Sep 04, 2006 (4:51 am)
Replying to: ebg (Aug 19, 2006 10:08 am) You're very welcome, ebg. Congratulations on your new truck. Thanks for taking the time to stop back and let us all know how everything turned out. Enjoy your new ride!   Car_man Host Prices Paid Forum

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