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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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#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
#215 of 1582 Re: Car_man, How does this deal look? 07 RX350 w/ NAV in So. Cali [jmcmbz] by Car_man HOST Sep 04, 2006 (5:06 am)
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 Host Prices Paid Forum
#216 of 1582 Re: Lease Rates RX 350 [sunny5117] by Car_man HOST Sep 04, 2006 (5:14 am)
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 Host Prices Paid Forum
#217 of 1582 Re: RX350 Lease [sdani] by Car_man HOST Sep 04, 2006 (5:40 am)
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 Host Prices Paid Forum
#218 of 1582 Re: RX350 lease [nhraguy] by Car_man HOST Sep 04, 2006 (5:45 am)
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 Host Prices Paid Forum
#219 of 1582 How To Find Money Factor and Residual % by element3 Sep 04, 2006 (3:25 pm)
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! Replies to this message: Car_man (Sep 27, 2006 1:43 am)
#220 of 1582 Lease Opportunity by prof_dave Sep 09, 2006 (6:05 pm)
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 Replies to this message: sdani (Sep 10, 2006 5:07 am) Car_man (Sep 27, 2006 1:51 am)
#221 of 1582 Re: Lease Opportunity [prof_dave] by sdani Sep 10, 2006 (5:07 am)
Replying to: prof_dave (Sep 09, 2006 6:05 pm) Dave,   Do some reading about leasing. Also read this one: http://www.edmunds.com/advice/leasing/articles/48365/article.html   By paying 2500 down as captial cost reduction, you are not really going to gain much. You can try changing the classification of that 2500 to "Multiple Security Deposits" instead of Capital cost reduction and that should reduce total cost of your lease.   Paying all 1300 tax at the time of signing is also not a good idea. If you have that money to pay upfront, asks them to treat that also towards "Multiple Security Deposits".   Bottomline - Don't just look at your Monthly payment. The numbers that you should be looking at are the following:   1. MSRP of the truck. 2. Selling price that you negotiated with the dealer (read what others are paying on this forum). 3. Money Factor of the lease (with and without multiple security deposits, i.e. get both numbers from the dealer) 4. Residual value after 3 years. 5. Any other fees that dealer is asking at the time of signing.   Once you have these 5 numbers, post them here and someone can suggest you if you are getting a good deal or not.   Thanks
#222 of 1582 can anyone confirm money factor and residual for September ? by djdez Sep 19, 2006 (9:44 am)
Hello ...   I was told that on the '07 RX 350 AWD, that on a 36mo/12k year lease, the residual is 58% and the money factor was .00155 for the month of September. Now, Car_Man had posted it as being .00175 UP to the end of the summer event on September 4th ...   So, does anyone know what the CURRENT money factor would be, as of TODAY for the rest of September, and beyond ? I'm seeing .00175 and that's what one of the dealers told me, but I also have .00155 from another very trusted source.   Thanks in advance !!! Replies to this message: Car_man (Sep 27, 2006 1:53 am)

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