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Lexus RX 350 / RX 450h Lease Questions

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

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

Messages Page 250 of 268

#2482 of 2663 Re: Considering leasing an RX350 AWD [roxanne1010] by Car_man HOST

Nov 27, 2012 (4:54 pm)

Replying to: roxanne1010 (Nov 16, 2012 4:50 pm)
Hello roxanne1010. Lexus Financial Services' December to Remember buy rate lease money factor and residual value for a 36-month lease of a 2013 RX 350 AWD with 12,000 miles per year are .00100 and 60% for consumers who qualify for its top credit tier.
 
The only cash incentive that I am aware of on the 2013 model is the waiver of the first month's lease payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2483 of 2663 Re: 2013 RX350 Sport lease question [jmors] by Car_man HOST

Nov 27, 2012 (4:58 pm)

Replying to: jmors (Nov 19, 2012 1:53 pm)
Hi jmors. LFS' current buy rate lease money factor and residual value for a 36-month lease of a 2013 RX 350 F-Sport with 10,000 miles per year are .00100 and 58% for consumers who qualify for its top credit tier.
 
If I was in the market for this truck right now in an area that has a decent level of competition, I personally would shoot for a selling price of around $500 to $1,000 over invoice. Don't forget that Lexus is waiving the first month's payment right now as well. You can look up this vehicle's invoice price over in the New Vehicle Pricing section of Edmunds.com.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2484 of 2663 Re: RX450 lease [salineg] by Car_man HOST

Nov 27, 2012 (5:02 pm)

Replying to: salineg (Nov 24, 2012 2:41 pm)
Here's the information that you're looking for salineg. Lexus Financial Services' December to Remember buy rate lease money factor and residual value for a 36-month lease of a 2013 RX 450h AWD with 15,000 miles per year are .00100 and 56% for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 48-month lease are .00100 and 45%.
 
If you were to lease with only 12,000 miles per year, this vehicle's residual values would be 2% higher.
 
There is indeed a $1,000 owner loyalty incentive on leases of this truck right now. There is a waiver of the first month's payment on top of that.
 
I don't think that you can purchase additional miles at lease signing on a 12,000 mile per year lease, only one with 15k.
 
I'd say that the selling price that you mentioned seems reasonable to me if you're in an area that has a decent level of competition.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2485 of 2663 Re: RX350 AWD lease [roxanne1010] by Car_man HOST

Nov 27, 2012 (5:05 pm)

Replying to: roxanne1010 (Nov 25, 2012 8:15 am)
Hi roxanne1010. Lexus Financial Services' December to Remember buy rate lease money factor and residual value for a 36-month lease of a 2013 RX350 AWD with 12,000 miles per year are .00100 and 60% for consumers who qualify for its top credit tier.
 
The residual value for a lease with only 10,000 miles per year is 1% higher.
 
There is a $1,000 loyalty cash incentive and the waiver of the first month's payment for everyone on this truck right now.
 
If I was in the market for this truck right now in an area that has a decent level of competition, I personally would shoot for a selling price of $500 to $1,000 over invoice minus incentives.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2486 of 2663 Re: Great Deal on 2013 RX 350 [roxanne1010] by 4tune

Nov 27, 2012 (8:08 pm)

Replying to: roxanne1010 (Nov 26, 2012 4:54 pm)
Yes the lease is on an RX350 AWD. Yes, its the posted residual by Lexus for a 27 month 10k/yr lease. MF used was 0.001. I haven't negotiated anything yet. This deal was offered by the dealer without me saying anything. I don't know what more I can negotiate on this deal.

#2487 of 2663 Re: RX450 lease [Car_man] by guruuno

Nov 27, 2012 (8:13 pm)

Replying to: Car_man (Nov 27, 2012 5:02 pm)
Hello Mr. Car Man,
 
I've previously posted, and got no replies.
Am I doing something wrong to get an answer?
Looking at this specific post, with these numbers (36-month lease of a 2013 RX 450h AWD with 15,000 miles per year are .00100 and 56%), how do I calculate a price (monthly payment), from any of the numbers I get from a window sticker or a negotiated price under sticker? The formula or method to calculate a number for a payment is?

#2488 of 2663 Re: Great Deal on 2013 RX 350 [jim550] by 4tune

Nov 27, 2012 (8:16 pm)

Replying to: jim550 (Nov 26, 2012 6:35 pm)
This is what I calculated. Can anyone tell me if I am doing this right and why the deal has a $16 difference. Car_man please help.
  
Residual= .69 (49995)=34497
Net Cap=44400
Depreciation=44400-34997=9903
Monthly Dep=9903/27=366
Interest= (34997+44000) X .001 =78
366 + 79 = 445
Tax=.0625 X 445 = 28
 
Total payment = 366+79+28 = 473

#2489 of 2663 Re: RX350 AWD lease [Car_man] by roxanne1010

Nov 28, 2012 (1:41 pm)

Replying to: Car_man (Nov 27, 2012 5:05 pm)
Thanks Car_man,
I saw from someone else's possible lease that the residual value for 27 months and 10K miles/year is 69% with the same money factor as all other leases .00100.
My question is: I hate the whole process of buying a car and would rather not have to do it too often. Since it seems that the numbers right now are giving an advantage to 27 months lease versus 36 months lease (please correct me if I'm wrong, I just see that money value is the same but residual value is higher so monthly payments should be lower), would it make sense for me to do a 27 months lease but then extend it to 36 months once I have reached the 27 months time? I know that some auto maker allow you to extend your lease and keep the monthly payments the same, but I don't know about Lexus? is this even possible? and is it a good idea?
Thanks
(About to go test drive "my next car" and get in touch with the local Lexus dealer, I didn't want to go without all informations in my hands first!)

#2490 of 2663 Re: RX450 lease [guruuno] by jim550

Nov 28, 2012 (9:51 pm)

Replying to: guruuno (Nov 27, 2012 8:13 pm)
I think the formula is under tips and advice for leasing a car. Also, try posts with calculations from others.

#2491 of 2663 Re: RX350 AWD lease [roxanne1010] by roxanne1010

Nov 29, 2012 (12:08 pm)

Replying to: roxanne1010 (Nov 28, 2012 1:41 pm)
Hi Car_man and everyone else,
I just want to confirm that the lease I was offered is pretty bad: the car is $50,580 MSRP offered for $48,800 including the $1000 loyalty rebate.
Monthly payment for 36 months, 10k miles/year are estimated at $629.55 (top tier credit numbers).
What do you all think? Am I crazy or is this a bad deal?

Messages Page 250 of 268

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