2668 messages,
Last post on May 24, 2013 at 8:40 PM
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Lexus RX 450h, Lexus RX 350, Car Leasing, SUV
#2162 of 2668 Re: March Lexus RX 350 AWD/FWD Lease rates? [dmc82]
by Car_man HOST
Mar 16, 2011 (6:07 pm)
Hello dmc82. Lexus Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2011 RX 350 FWD with 12,000 miles per year are .00145 and 57%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
The numbers for an otherwise identical lease of an '11 RX 350 AWD are exactly the same.
The money factors for 39 month leases are the same, but the residual values drop to 52%.
Car_man
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#2163 of 2668 Re: Just leased [cris]
by tlb5
Mar 16, 2011 (7:33 pm)
Lexus of serramonte, just like bmrgirl. I was surprised by the price but there is definitely high inventory in the bay area. Redwood city also gave a very good price but serramonte (int sales guy) was the best. Pleasanton resisted negotiating over the phone/email. Are you in the bay area? Again I started with build/buy on CR and I had two very good, adequately detailed offers, via email (and followup voicemalis) within hours.
#2164 of 2668 Re: Questions on new lease [mc_la]
by Car_man HOST
Mar 17, 2011 (4:56 pm)
Hi mc_la. The selling price that you were quoted looks very good to me. It is probably right around, or perhaps even a little under dealer invoice. This is a good enough deal that I personally don't see any reason to wait.
Car_man
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#2165 of 2668 Re: March [Car_man]
by jim53
Mar 17, 2011 (6:24 pm)
Thanks. They are claiming it was reduced to .00008 per deposit up to a max of nine a while ago. I know other companies like BMW made the adjustment lower a few years ago too. Possibly this is true?
#2166 of 2668 Lease transfer/buyout question
by dealspotter
Mar 21, 2011 (1:12 pm)
We are thinking of assuming a lease for 2010 RX350 AWD. It has Premium, Comfort and Sport packages + Navigation system. The car has 13 months left on the lease. The monthly payment is $636. The current lease buyout price is $ 36,200. The end of term lease buyout is $28,600.
Is $36,200 a good price for a buyout? Or should we wait and then decide at the end of the lease?
I am leasing newbie. Any info will be appreciated.
#2167 of 2668 Re: Just leased [tlb5]
by ritazz
Mar 24, 2011 (1:55 pm)
Can you give me inof on who you spoke with at Lexus of Serramonte and what kind of deals they offered?
THANKS!
#2168 of 2668 Different money factor in each region?
by bminus
Mar 26, 2011 (2:44 pm)
I went to a dealership today in houston looking for a new RX and they quoted me a 58% residual and a money factor of .00249 for tier 1 credit. The money factor is markedly different from what other people on this forum are saying. The dealer told me that the money factor differs by region and there was no changing it. Any truth to this?
Mar 27, 2011 (8:26 pm)
Just leased the RX350 with Prem Package only
The numbers are:
$43,290 MSRP
$39,794 Negociated Cap cost
36mo/12,000 miles/0.00073MF/57% residual/9 MSD's
Monthly=$476.02 (including NJ tax)
Acq Fee, 1st month and DMV in drive off of around $1800 , ofcoz the 9 MSD's
Now Gurus of leasing, please tell me if this was a good deal?
Thanks in advance !!
#2170 of 2668 Re: March [jim53]
by Car_man HOST
Mar 29, 2011 (5:13 pm)
You're welcome jim53. It is indeed very possible that the MSD deduction was reduced. I haven't looked into it in a while.
Car_man
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#2171 of 2668 Re: Just Leased [leasegrabber]
by leasegrabber
Mar 29, 2011 (9:46 pm)
Hey Car_man,
Can you please tell me if mine was a good deal?