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Lexus RX 350 / RX 450h Lease Questions

1578 messages,  Last post on Dec 01, 2009 at 4:58 PM

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

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#229 of 1578 Re: Lease Opportunity [prof_dave] by Car_man HOST Sep 27, 2006 (1:51 am)
Replying to: prof_dave (Sep 09, 2006 6:05 pm) Greetings prof_dave. You never mentioned the selling price or MSRP of the RX 400h that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.   Car_man Host Prices Paid Forum
#230 of 1578 Re: can anyone confirm money factor and residual for September ? [djdez] by Car_man HOST Sep 27, 2006 (1:53 am)
Replying to: djdez (Sep 19, 2006 9:44 am) Hey djdez. According to the latest information that I have see, Lexus Financial Services' current buy rate lease money factor for the 2007 RX 350 AWD is .00175. Where did you hear that it is lower than that?   Car_man Host Prices Paid Forum
#231 of 1578 Re: 2007 RX 350 FWD SOCAL Lease Deal [xando05] by Car_man HOST Sep 27, 2006 (1:58 am)
Replying to: xando05 (Sep 23, 2006 1:20 pm) Hi xando05. If I am not mistaken, the selling price that you were quoted for this truck appears to be below dealer invoice. That is a very good deal. Just make sure that the dealer you are working with uses the '07 RX 350's buy rate lease money factor of .00175 to calculate your vehicle's monthly payment and you're in business.   Car_man Host Prices Paid Forum
#232 of 1578 Re: Leasing during "Golden Opportunity Sales Event" [markish] by Car_man HOST Sep 27, 2006 (2:00 am)
Replying to: markish (Sep 23, 2006 2:33 pm) Welcome aboard markish. I also came up with $512.10 per month, but I usually just round up payments to the nearest whole dollar amount when posting them in the forums.   Car_man Host Prices Paid Forum
#233 of 1578 Re: Lexus RX350 Lease Questions [val3ntin3s] by Car_man HOST Sep 27, 2006 (2:04 am)
Replying to: val3ntin3s (Sep 25, 2006 10:40 pm) Hi val3ntin3s. It is likely going to be fairly expensive for you to get out of your ES 300 lease now if it is not scheduled to expire until April of next year. If I was in your situation, I would wait until I was closer to the scheduled end date of my current lease to get something new. If were to lease a base 2007 RX 350 AWD through Lexus Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value would be .00175 and 56%, respectively assuming that you qualify for its "Tier 1+" credit tier. The numbers for an otherwise identical 48 month lease should be .00175 and 47%. LFS base lease acquisition fee is currently $600. I don't believe that it charges a disposition fee.   Car_man Host Prices Paid Forum
#234 of 1578 Is this a good deal ? by mxv2003 Sep 29, 2006 (10:52 am)
Thanks Car_Man. Great service your performing and best site I've seen on the web so far.   Is this a good offer?   2007 RX350 AWD w/ NAV MSRP $45683 Sell price $40450 MF .00185 Residual 58% 12K lease/36mons Monthly $501.75 Tax upfront(7%) $1320.06 Due at signing: $2898.51   The Money Factor from LFS on this board is .00175, but the dealer is quoting .00185 for LFS. The numbers don't add up when I plug into my lease calculator. $501.75 sounds too low.   I'll be heading into the lion's den tonight so if anyone has any advice, please post ASAP.   Thanks. -mxv2003 Replies to this message: mxv2003 (Oct 02, 2006 9:27 am) Car_man (Oct 18, 2006 1:46 am) Car_man (Oct 18, 2006 1:45 am) Car_man (Nov 11, 2006 4:18 am)
#235 of 1578 Re: Is this a good deal ? [mxv2003] by mxv2003 Oct 02, 2006 (9:27 am)
Replying to: mxv2003 (Sep 29, 2006 10:52 am) Ok. I got the following deal   MSRP $45683 Base Cap $40353 MF .00175 Residual %58 12K/36Mo Monthly $501.75 Due at Signing $2898 (includes tax,1st mon, Bank fee(I know), MV fees. Replies to this message: Car_man (Oct 18, 2006 1:46 am)
#236 of 1578 What's wrong with this picture? by jack1963 Oct 05, 2006 (4:57 pm)
Hi.   My local Lexus dealer gave me the following figures for a 2007 RX350 FWD, premium plus, navigation, heated seats, 18-inch tires:   MSRP: $44,306 Sell Price: $42,100 +TTL = $45,030 36 month/12K lease Monthly choices: $780 with $0 down, 1st month due at signing; or $699 with $2641 down plus 1st month's payment   No other details were given (MF, residual). This seems way off from the other lease offers I am seeing here.   Can someone help me figure out what is going on with this deal??   Thanks! Replies to this message: Car_man (Oct 18, 2006 1:55 am)
#237 of 1578 What is wrong answer by prof_dave Oct 05, 2006 (5:07 pm)
What is wrong with that is the sell price. people have been getting 41,200 or even lower.   the formula is pretty simple   Take the sell price + residual factor ( in your case 58% of the MSRP) then times that by the money factor .00175 if you have Tier 1+ credit (about a 730 or higher) if you have Tier 1 then you use a money factor of .00185.   Ok, you take that number then   take the sell price minus the residual factor divided by 36   add the two numbers together and then you have your lease basic cost.   If you say put 2500 down, you are basically subtracted from sell price. so if it was 42,000 for example, now you put in 39,500.   So, the sale price will dictate a lot.   it took me 5 or 6 dealers to finally get a price that I liked. Replies to this message: jack1963 (Oct 05, 2006 5:32 pm)
#238 of 1578 Re: What is wrong answer [prof_dave] by jack1963 Oct 05, 2006 (5:32 pm)
Replying to: prof_dave (Oct 05, 2006 5:07 pm) Thanks for the quick reply and good info.   Am I doing something wrong with the math? I come up with about $571 as a monthly payment with $0 down (based on the figures given) rather than $780 using Tier 1+ credit.   If I am figuring it right, my Lexus dealer would seem to be making a nice profit on such a deal.   Thanks again!

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