2667 messages,
Last post on May 23, 2013 at 3:40 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
#2326 of 2667 Re: Dec Money Factor/ Residual RX350 [btownnor]
by Car_man HOST
Jan 09, 2012 (5:16 pm)
Hi btownnor. According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2012 RX 350 AWD with 15,000 miles per year are .00130 and 57%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
I don't believe that Lexus is providing lease support on the 2011 RX any longer.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2327 of 2667 Re: Money Factor and Residual [techkid31]
by Car_man HOST
Jan 09, 2012 (5:19 pm)
Welcome techkid31. Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2012 RX 350 FWD with 10,000 miles per year are .00130 and 60%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2328 of 2667 Re: Money Factor and Residual [Car_man]
by techkid31
Jan 10, 2012 (1:03 am)
Thanks Car_man!
I actually signed my lease during the December to Remember event. I had a quick question though. I know that I have a "Tier 1+" credit tier, however, when I signed the lease, the dealer actually gave me a higher money factor than usual. When I calculated it, I think it was .00206? is this standard practice?
My deal ended up being 1000 down and 590/month for an rx350 FWD with a sticker of 48,666.
#2329 of 2667 2012 RX 350 Lease
by coz96
Jan 12, 2012 (3:43 pm)
Delivered December 12. Lexus Of Greenwich CT
MSRP $49,360 (with Nav) and AWD incl $875 dest fee
Residual 61%
MF .0015
10K miles/Year/36 mos
Monthly $524.99 (incl tax)
First month payment waived. Total at signing $1,331 (incl $850 Bank fee and $180 Lemon Law Tax)
'Loyalty' fee was really a waiver of the $450 disposition fee if I did not buy Lexus again.
Hope this helps.
#2330 of 2667 Re: Money Factor and Residual [techkid31]
by Car_man HOST
Jan 17, 2012 (5:07 pm)
You're welcome techkid31. Luxury dealers often mark up vehicle's money factors to add hidden back-end profit to deals.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2332 of 2667 Re: Money Factor and Residual [Car_man]
by mhueso
Jan 20, 2012 (1:31 pm)
Hi Car Man,
My very fist post and happy to let you know that I used the information on this website to obtain my Fiancee's 2010 Lexus IS250 w/Nav for 389/Month with only 2k down which was absolutely awesome!!! I could have gone 1500 down with 400+ dollars a month however, paying under 400 a month for a luxury vehicle is a bigger win. thanks a lot
Now, my lease is up in Dec and I have been eyeing the RX350 AWD w Prem package and rear seat Ent w nav vehicle. Edmunds says 44095 is the invoice price ,now I would like to see what the residual , MF , and lexus lease deals , + down payment would look like. Appreciate your help and once again thanks for the help on the IS250. I almost forgot, I would like to price it at 15k miles and 12k miles, I woul like to know what the money difference would be. Thanks
#2333 of 2667 Re: 2012 RX 350 Lease [coz96]
by jvmxtra
Jan 24, 2012 (9:19 am)
so roughly, your negotiated price was around $41500?? How did you get off so much?
#2334 of 2667 Is this a good lease for the RX 350 W/Nav
by hula
Jan 29, 2012 (7:06 pm)
Hi Car Man,
I got quoted a lease rate of....
36 months/$1800 down/12,000 miles/MF.00130/monthly payment $575 (includes tax)
MSRP: $48,522.00
Thanks,
Hula
#2335 of 2667 forgot to add the redisual % on last post
by hula
Jan 30, 2012 (7:04 am)
residual of 59%...
hula