- #208 of 1530
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Re: Leasing during "Golden Opportunity Sales Event" [sdani] [maximafan] [sd
by Car_man HOST
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Sep 03, 2006 (5:58 am)
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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
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- #209 of 1530
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Re: Current money factor [jsmil4901]
by Car_man HOST
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Sep 03, 2006 (6:00 am)
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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
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- #210 of 1530
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Re: Current money factor [amcar]
by Car_man HOST
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Sep 03, 2006 (6:01 am)
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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
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- #211 of 1530
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Re: Lease Deals on RX350 [aggieque]
by Car_man HOST
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Sep 03, 2006 (6:03 am)
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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
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- #212 of 1530
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Re: Rx 350 AWD [drewman8]
by Car_man HOST
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Sep 03, 2006 (6:07 am)
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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
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- #213 of 1530
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RX350 lease
by nhraguy
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Sep 03, 2006 (7:48 pm)
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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.
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- #214 of 1530
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Re: August numbers from LFS [ebg]
by Car_man HOST
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Sep 04, 2006 (4:51 am)
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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
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- #215 of 1530
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Re: Car_man, How does this deal look? 07 RX350 w/ NAV in So. Cali [jmcmbz]
by Car_man HOST
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Sep 04, 2006 (5:06 am)
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Replying to: jmcmbz (Aug 25, 2006 10:04 pm)
Hi jmcmbz. The truck that you described probably has a spread of around $5,300 between its full MSRP and dealer invoice price. You were quoted a discount of right around that amount, so I suspect that you are at right around dealer invoice. This is a good price for a lease of an '07 RX 330. Through September 4th, Lexus Financial Services' current residual value for a 36 month lease of an '07 RX 330 FWD with the entertainment system option is 54%. This residual value is set by LFS and individual dealers do not have the authority to alter it. This truck's 12,000 mile per year residual value is 56%. The money factor that you were quoted for this is right in line with LFS' current buy rate for a 36 month lease of this truck for consumers who qualify for its "Tier 1+" credit tier.
Car_man
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- #216 of 1530
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Re: Lease Rates RX 350 [sunny5117]
by Car_man HOST
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Sep 04, 2006 (5:14 am)
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Replying to: sunny5117 (Aug 28, 2006 9:12 am)
Hi sunny5117. Through September 4th .00175 is the correct money factor for a supported lease of a 2007 RX 330. "MSD" stands for Multiple Security Deposits. Through this program, lessees can make additional security deposits on their vehicles. Each additional deposit lowers the money factor that is used to calculate their monthly payment by .00010. A maximum of nine additional deposits can be made can be made. This program is available in every state but New York.
Car_man
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- #217 of 1530
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Re: RX350 Lease [sdani]
by Car_man HOST
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Sep 04, 2006 (5:40 am)
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Replying to: sdani (Aug 31, 2006 7:36 am)
Congratulations on your new truck, sdani. Thanks for taking the time to share the details of your lease with everyone. Enjoy!
Car_man
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