- #211 of 1579
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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 1579
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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 1579
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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 1579
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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 1579
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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 1579
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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 1579
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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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- #218 of 1579
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Re: RX350 lease [nhraguy]
by Car_man HOST
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Sep 04, 2006 (5:45 am)
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Replying to: nhraguy (Sep 03, 2006 7:48 pm)
Hi nhraguy. This truck's money factor is supported by Lexus and cannot get any lower than the factor that you mentioned, but its MSRP is negotiable. I believe that the truck that you described has a spread of around $5,100 between its full MSRP and dealer invoice price. A $3,000 discount on it isn't bad, but in an area that has a lot of competition, like the NY metro area does, I would not be surprised if you were able to beat this deal by shopping around a little bit. Have you comparison shopped with a couple of dealers. It wouldn't hurt.
Car_man
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- #219 of 1579
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How To Find Money Factor and Residual %
by element3
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Sep 04, 2006 (3:25 pm)
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Hi,
I'm looking to lease the RX 400h and I want to make sure I ask the right questions to calculate my lease. Are all these points available for disclosure by the dealer? Are there other questions I should ask? Thanks
Money Factor
Residual
Lease Inception Charge
Lease APR
I'm looking to lease for 36-40 months at 12,000 miles a year at a Teir 1+ level.
Any insight would be great, thanks alot!
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- #220 of 1579
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Lease Opportunity
by prof_dave
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Sep 09, 2006 (6:05 pm)
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Hello
I'm sure you must get this alot, but I am trying to negotiate a lease with a couple of dealers. I'm in the Mid-Atlantic region. Here is my current best deal, and I wanted to know what you thought about it and if I can make improvements.
This is for a 2007 RX350 Premium Package ( No Nav ) AWD
Lease is $400 / Month
36 Months
12,000 / year
Cash to bring in
$2,500
$325 for something, can't remember
$400 for security deposit
$400 for 1st month lease
$1,300 for tax
$600 for bank fee
what do you think and where can I make improvements?
Dave
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