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Lexus RX 350 / RX 450h Lease Questions

1568 messages,  Last post on Nov 23, 2009 at 11:26 AM

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

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#241 of 1568 RX 350 in DC by zigthis Oct 17, 2006 (7:57 am)
Hi CarMan, group!   How does this deal look: RX350 w/ Premium, NAV MSRP: $45,683 Cap cost: $42,183 (Discounted $3,500 off list) Residual: 48% (is this right?) MF: .00175 Term: 48mo/12K Lease: $534/mo. + Tax/Fees/First-Month up-front.   I can't help but think they can do better on the sale price, but they tend to sell fast inside the beltway. Also, How does the Totyota/Lexus MSD program work? The salesman was reluctant to explain the details ("..it won't make much of a difference"). How many deposits can I make?   I calculated five MSDs (at $550/mo.) to be $2,750 deposited, which (at .00010 each) would bring the MF down to .00125 and my payment down to $502 (Goal!). Making 14% a year by letting them hold $2,750 sounds good to me...
#242 of 1568 Re: Lexus RX350 [dannyly] by cknodle Oct 17, 2006 (8:28 am)
Replying to: dannyly (Oct 16, 2006 9:02 pm) Maybe someone can help us both out...what I get is: Residual: 44,125 * .57 = 25151.25   (39500 - 25151.25)/36 = 343.02 (39500 + 25151.25) * .00157 = 109.64 -------------------------------------                               452.66   Of course this is not including any TTL, but how can I be that far off? Can someone please correct me?   Chad Replies to this message: kyfdx (Oct 17, 2006 8:40 am) dannyly (Oct 17, 2006 5:08 pm) Car_man (Oct 18, 2006 1:57 am)
#243 of 1568 Re: Lexus RX350 [cknodle] by kyfdx HOST Oct 17, 2006 (8:40 am)
Replying to: cknodle (Oct 17, 2006 8:28 am) Assuming $39,500 is just the selling price, and not the total cap cost, since he only has $900 OOP, you might have:   Acquisition fee $20/mo. Dealer fee (padding) $15/mo. Money factor (.00175, not .00157) $5/mo. Tax $35/mo.   That just about does it.... When you are only amortizing extra costs over 36 months, it adds up fast.. Replies to this message: dannyly (Oct 17, 2006 5:08 pm) Car_man (Oct 18, 2006 1:57 am)
#244 of 1568 Re: Lexus RX350 [kyfdx] by dannyly Oct 17, 2006 (5:08 pm)
Replying to: kyfdx (Oct 17, 2006 8:40 am) Sorry KYFDX,   I don't get the calculations. Do you always have to pay acquisition? I got them to get rid of the dealer fee.   Thanks, Danny Replies to this message: Car_man (Oct 18, 2006 1:57 am)
#245 of 1568 Re: Is this a good deal ? [mxv2003] by Car_man HOST Oct 18, 2006 (1:45 am)
Replying to: mxv2003 (Sep 29, 2006 10:52 am) You're very welcome, mxv2003. Lexus Financial Services' new October buy rate lease money factor for the 2007 RX 350 is .00163 for consumers who qualify for its Tier 1+ credit tier. Make sure to have the dealer you are working with use this factor to calculate your truck's monthly payment. The selling price that you were quoted for this truck appears to be very close to dealer invoice, which is an excellent deal.   Car_man Host Prices Paid Forum Replies to this message: Car_man (Nov 11, 2006 4:18 am)
#246 of 1568 Re: Is this a good deal ? [mxv2003] by Car_man HOST Oct 18, 2006 (1:46 am)
Replying to: mxv2003 (Oct 02, 2006 9:27 am) Congratulations on your new truck, mxv2003. You got an outstanding deal. Enjoy!   Car_man Host Prices Paid Forum
#247 of 1568 Re: What's wrong with this picture? [jack1963] by Car_man HOST Oct 18, 2006 (1:55 am)
Replying to: jack1963 (Oct 05, 2006 4:57 pm) Hi jack1963. The truck that you described has a spread of around $5,000 between its MSRP and dealer invoice price. You were quoted a discount of around $2,200 on it. I have seen other community members get better prices than this. Try stopping by the following discussion to see how much others have paid for similar trucks: "Lexus RX 330 / RX 350: Prices Paid & Buying Experience". When you arrive at an attractive selling price, make sure to have the dealer that you are working with calculate your vehicle's monthly payment using its buy rate lease money factor. Lexus Financial Services' current special buy rate for a 36 month lease of a 2007 RX 350 is .00163 for consumers who qualify for its Tier 1+ credit tier.   Car_man Host Prices Paid Forum
#248 of 1568 Re: Lexus RX350 [dannyly] by Car_man HOST Oct 18, 2006 (1:57 am)
Replying to: dannyly (Oct 17, 2006 5:08 pm) Hi Danny. Lexus Financial Services charges an acquisition fee of $600 on every vehicle that it leases. Individual dealers do not have the authority to waive this fee. You can either pay it at lease signing or have it rolled into your truck's capitalized cost.   Car_man Host Prices Paid Forum
#249 of 1568 Is This Correct? by sender1 Oct 25, 2006 (1:15 pm)
Hi, I negotiated a price on a 2007 RX350 with NAV etc for $40250. MSRP is $45705. I then had the salesman figure out the lease cost based on 36 months, 12,000 miles, no $ down (aside from taxes, 1st month, motor vehicle fees etc). He based this on a factor of .00163 and 57% residual. The number he came up with was $551.18 a month. I tried myself with the numbers a few times and I got $503. Any help would be appreciated as I am ready to make this deal. Thanks so much Replies to this message: Car_man (Nov 11, 2006 4:11 am)
#250 of 1568 2007 RX 370 Lease Question by genelec Oct 31, 2006 (3:58 pm)
Armed with advice from this useful forum, I made a deal in the Los Angeles area for a RX 350, FWD, Prem. Plus, and Nav. Car price was $37,785, and the lease was 36 months/12k, 58% resid., and money factor of .00163 (I qualify). All was agreed to very clearly, in writing, via email. When I went to buy the car this morning they refused to honor the lease deal--56% and .00197. They said I had to prove that I could get that deal from another dealer, which was never a condition of the deal. So I walked, and they let me go.   Any advice on how to proceed? What are the ethics in a situation like this.

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