Ask the Car People.SM


Lexus RX 350 / RX 450h Lease Questions

2663 messages,  Last post on May 15, 2013 at 8:01 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 228 of 267

#2265 of 2663 Buy rates for RX 350 w Nav '11 and '12 by mboston

Sep 18, 2011 (3:37 pm)

Hi Car Man.
 
Could you let me know the Lexus Financial money factor and residual rates for a RX 350 with Nav for a 2011 model year versus the 2012 model year for the Boston area? I'm trading a 2009 Pebble Beach edition they are being stingy with the details on their assumptions. They quoted me a 240 money factor for a '12 which seems high and I am somewhat indifferent between a '11 and a '12. Also, if possible, can you provide the same info for 36 months and 48 months.
 
Thanks very much.

#2266 of 2663 2011 RX 350 Lease with a trade-in by linyr94

Sep 20, 2011 (8:08 am)

I'm looking to lease a 2011 RX350 AWD with NAV and whatever else comes with it (sticker around 49k). I would like to trade in my current 09 RX350 (fully loaded with NAV), 36.1k miles, very clean and 1 payment left.
What do you guys think I could get for it from Lexus dealers if I decide to trade it in?
Thanks.

#2267 of 2663 Lease About Up: Good News is FMV seems Higher than Buy Out: Now What? by nyc6035

Sep 21, 2011 (5:47 pm)

Time flys!
 
Way back in post 1114 in this thread I posted my lease deal - during the start of the recession. I think I got a great deal. My buy out price in the the mid20's and the fmv seems to be $30-32K. Vehicle is in good shape, low miles and all the rest is all good.
 
My lease ends in mid-Dec. The dealer came calling the other day and spoke to my wife (who's name the lease is in) and said we may have value in the car. The said we should visit the dealer so they can inspect the car and consider if they want to make us a deal (higher than the buy out price). She did ask about how that works in terms of taxes (leases only charge you for the portion you 'own' not the entire vehicle in New York)...they said if the deal was done with them (they are a NJ dealer) there would be no tax event. We would have the choice of buying/leasing a new vehicle or walking away with the buyout dollars.
 
OK...now for the question - I'm generally suspicious of too good to be true...and of car dealers especially....I know it's rare for a lease to have meaningful value at termination - but does anyone have experience with this 'problem.'
 
THX!

#2268 of 2663 Re: Lease numbers [Car_man] by cudd

Sep 22, 2011 (12:29 pm)

Replying to: Car_man (Sep 13, 2011 4:07 pm)
I can't seem to get the numbers to tie based on my current regional promotion of $469 month for a 2011 Lexus RX 350 AWD.
 
MSRP - 45,812
Residual Value (57%) - 26,113
Cap Cost Reduction - 3,000
 
Total Depreciation = 45,812 - 3,000 - 26,113 = 16,699
Monthly Depreciation (36 months) = 463.86
 
Based on my math above, the money factor on the lease is almost zero given that the ad specifies $469 a month. A money factor of 0.0011 adds $79 a month to the lease, which gets me to $543.

#2269 of 2663 Re: Buy rates for RX 350 w Nav '11 and '12 [mboston] by Car_man HOST

Sep 26, 2011 (5:14 pm)

Replying to: mboston (Sep 18, 2011 3:37 pm)
Hi mboston. Lexus Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2011 RX 350 AWD with Navigation and 15,000 miles per year in your area are .00110 and 54%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
 
The numbers for an otherwise identical lease of a 2012 model are .00190 and 58%.
 
As you suspected, the money factor that you were quoted on the 2012 model is indeed too high.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2270 of 2663 Re: Buy rates for RX 350 w Nav '11 and '12 [Car_man] by avmba

Oct 10, 2011 (4:11 pm)

Replying to: Car_man (Sep 26, 2011 5:14 pm)
Hi Car_Man,
 
Looking to see if OCtober MF and Residual changed at all. Looking to lease a 2WD RX350 with Nav, Luxury package, and a few other options - 36 mos and 12k or 15k miles for top tier.
 
Thanks!

#2271 of 2663 Re: Buy rates for RX 350 w Nav '11 and '12 [avmba] by Car_man HOST

Oct 10, 2011 (4:48 pm)

Replying to: avmba (Oct 10, 2011 4:11 pm)
Here you go avmba. Lexus Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2011 RX 350 AWD with 15,000 miles per year are .00180 and 58%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
 
The residual value for a lease with only 12,000 miles per year would be 2% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2272 of 2663 Re: Buy rates for RX 350 w Nav '11 and '12 [Car_man] by avmba

Oct 12, 2011 (11:53 am)

Replying to: Car_man (Oct 10, 2011 4:48 pm)
Thanks, Car_Man. I was actually interested in a FWD - is there any change to the MF or residual?

#2273 of 2663 Re: Buy rates for RX 350 w Nav '11 and '12 [Car_man] by chunkalunk

Oct 13, 2011 (3:07 pm)

Replying to: Car_man (Oct 10, 2011 4:48 pm)
Hey Car_man
Can you tell me the buy rate for a 2012 RX 450 Hybrid AWD with 15K miles?
 
Thanks!

#2274 of 2663 Re: Buy rates for RX 350 w Nav '11 and '12 [avmba] by Car_man HOST

Oct 20, 2011 (5:30 pm)

Replying to: avmba (Oct 12, 2011 11:53 am)
Those were actually the numbers for the 2012 AWD. LFS' October buy rate lease money factor and residual value for a 36-month lease of a 2011 RX 350 FWD with 15,000 miles per year are .00190 and 51% for Tier 1+ customers.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 228 of 267

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement