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Lexus RX 350 / RX 450h Lease Questions

1579 messages,  Last post on Dec 02, 2009 at 10:29 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#254 of 1579
New Lease Program by darballman1
Nov 06, 2006 (2:53 pm)
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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 ?
#255 of 1579
Re: December Lease Deals on RX350 [Car_man] by brg
Nov 07, 2006 (7:36 am)
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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
#256 of 1579
December to Remember by jakpenn
Nov 09, 2006 (9:07 am)
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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
#257 of 1579
Re: December to Remember [jakpenn] by darballman1
Nov 09, 2006 (12:34 pm)
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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 1579
Re: Is This Correct? [sender1] by Car_man HOST
Nov 11, 2006 (4:11 am)
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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
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Prices Paid Forum
#259 of 1579
Re: Is this a good deal ? [] by Car_man HOST
Nov 11, 2006 (4:18 am)
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Hi en2life. It is very important to understand how leasing works before finalizing your deal. You should be able to get a good idea of how leasing works by checking out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
I would be happy to give you my opinion of this deal if you provide me with a detailed description of the truck that you are interested in.
 
Car_man
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P.S. I had to delete your post because it contained your e-mail address. If you want community members to e-mail you, make your address public in your profile and tell them to check there. Thanks.
#260 of 1579
Re: Should I hold out and wait? [] by Car_man HOST
Nov 11, 2006 (4:20 am)
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Hey en2life. Lexus' current lease program for the 2007 RX 350 isn't bad, but traditionally Lexus provides its best deals of the year during its "December to Remember" sales event. I expect Lexus to roll out this year-end promotion on November 22nd. If I personally was in the market for this truck I might be inclined to wait until then to get one.
 
Car_man
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#261 of 1579
Re: New Lease Program [darballman1] by Car_man HOST
Nov 11, 2006 (4:22 am)
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Replying to: darballman1 (Nov 06, 2006 2:53 pm)

Hi darballman1. I haven't heard about any enhancements to the Lexus RX 350, but it's possible that Lexus made one recently. If I was in the market for this truck, I personally would probably wait until Lexus introduced its "December to Remember" sales event and the end of this month.
 
Car_man
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#262 of 1579
Re: December Lease Deals on RX350 [brg] by Car_man HOST
Nov 11, 2006 (4:26 am)
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Replying to: brg (Nov 07, 2006 7:36 am)

Hi brg. This truck's lease program will depend upon its MSRP and the selling price that you are able to negotiate. I would be happy to give you my opinion of the deal that you were quoted if you let me know what these numbers are.
 
As long as you have made your final payment on your Highlander lease, there's nothing wrong with turning it in slightly early.
 
Car_man
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Prices Paid Forum
#263 of 1579
Re: December to Remember [jakpenn] by Car_man HOST
Nov 11, 2006 (4:28 am)
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Replying to: jakpenn (Nov 09, 2006 9:07 am)

Hi jakpenn. It is difficult to say exactly what Lexus' "December to Remember" lease program for this truck will be like. If I had to make an educated guess, I would say that it is likely to be more attractive than Lexus current program for the RX, but there is no guarantee that will be the case. I believe that this program will start around November 22nd.
 
Car_man
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