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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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#249 of 1578 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 1578 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.
#253 of 1578 Re: Should I hold out and wait? [] by maximafan Nov 05, 2006 (9:28 pm)
wactedout, have you checked with some other Lexus dealers nearby? I'm not too sure if this is a good deal, but then again I don't know what options you have on the car. At least try to get a comparison quote of some kind from another dealer just for a little more peace of mind. Good luck!!! Replies to this message: darballman1 (Nov 06, 2006 2:53 pm) Car_man (Nov 11, 2006 4:22 am)
#254 of 1578 New Lease Program by darballman1 Nov 06, 2006 (2:53 pm)
Replying to: maximafan (Nov 05, 2006 9:28 pm) I just received a e mail alert from my sales person at Newport Lexus stating that Lexus has just come out with a special lease program on the RX350. I haven't called him yet. Anyone know about this new lease program ? Replies to this message: Car_man (Nov 11, 2006 4:22 am)
#255 of 1578 Re: December Lease Deals on RX350 [Car_man] by brg Nov 07, 2006 (7:36 am)
Replying to: Car_man (Nov 13, 2005 7:04 am) From: "Guhl" To: Subject: Lease, NJ, 2007 Lexus 350 AWD Date: Tuesday, November 07, 2006 10:15 AM   My Highlander lease is up end of December........have decided on the Lexus 350 to lease from Livingston, NJ Lexus dealer. Offering: $2500 down/$449.00 per month........I plan to ask for bump up to 15,000 per year.......no navigation but premium package/Level 2?........may get heated front seats. Q: Is this about the best range for December leasing deals? Q: Will be away close to 25th. of December so......planning on turning Highlander in early and getting Lexus so that I am not without a car after 1st. Jan. Is there a good way to handle this switch over? Thanks for any advice. Cheers, BRG Replies to this message: Car_man (Nov 11, 2006 4:26 am)
#256 of 1578 December to Remember by jakpenn Nov 09, 2006 (9:07 am)
Looking to lease, but know Lexus always runs a holiday program...Anyone Know details? Will savings be significant bases on previous years programs? Does it usually start around Thanksgiving? Thanks Replies to this message: darballman1 (Nov 09, 2006 12:34 pm) Car_man (Nov 11, 2006 4:28 am)
#257 of 1578 Re: December to Remember [jakpenn] by darballman1 Nov 09, 2006 (12:34 pm)
Replying to: jakpenn (Nov 09, 2006 9:07 am) See message # 254. I don't know what the lease rate is though. The salesperson hasn't gotten back to me yet.
#258 of 1578 Re: Is This Correct? [sender1] by Car_man HOST Nov 11, 2006 (4:11 am)
Replying to: sender1 (Oct 25, 2006 1:15 pm) Hi sender1. The money factor that you were quoted is right in line with Lexus Financial Services' current buy rate for it. This is a good thing because it means that the dealer you are working with is not trying to mark your vehicle's money factor up to add additional hidden profit to your deal. Using an MSRP of $45,705, a selling price of $40,250, a money factor of .00163, and a residual value of 57%, I estimate that this truck's zero down, pre-tax monthly payment should be around $503, just like you came up with. It's tough to say why the payment that the dealer quoted you is higher. One possibility is that it includes sales tax. The dealer may have also rolled Lexus Financial Services' $600 acquisition fee into your truck's cap cost instead of charging you it at lease signing.   Car_man Host Prices Paid Forum

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