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Lexus RX 350 / RX 400h Lease Questions

1530 messages,  Last post on Nov 10, 2009 at 8:23 AM

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What is this discussion about? Lexus RX 330, Lexus RX 350, Lexus RX 400h, Car Leasing, SUV

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#258 of 1530 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
#259 of 1530 Re: Is this a good deal ? [] by Car_man HOST Nov 11, 2006 (4:18 am)
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 Host Prices Paid Forum   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 1530 Re: Should I hold out and wait? [] by Car_man HOST Nov 11, 2006 (4:20 am)
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 Host Prices Paid Forum
#261 of 1530 Re: New Lease Program [darballman1] by Car_man HOST Nov 11, 2006 (4:22 am)
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 Host Prices Paid Forum
#262 of 1530 Re: December Lease Deals on RX350 [brg] by Car_man HOST Nov 11, 2006 (4:26 am)
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 Host Prices Paid Forum
#263 of 1530 Re: December to Remember [jakpenn] by Car_man HOST Nov 11, 2006 (4:28 am)
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 Host Prices Paid Forum
#264 of 1530 December to Remember by moolman Nov 17, 2006 (1:14 pm)
I've had 2 separate dealers tell me the december to remember sale started early, is this true or BS.
#265 of 1530 December to Remember by moolman Nov 18, 2006 (5:05 pm)
Hi,   I'm being told the Teir 1+ money factor is 0.00133 but I'm being told a weird residual. 54% for 15K, not 56%. Maybe they are trying to make some extra cash off me.   Also, is it true that if I want 18K a year, that there is no residual for that. I'm being told I must either prepay the extra 3K at 15cents or pay if I go over 20 cents a mile when I turn in the car.   Well, supposedly this is the december to remember special. It seems to be lower than anybody else posted so far, so it seems to be legit.   I'm in Southern California and I'm getting crazy prices way below invoice without haggling. Is there some special incentives going on right now for the car?   Thanks Replies to this message: darballman1 (Nov 20, 2006 8:59 am) friendlybayer (Nov 25, 2006 7:31 pm) darballman1 (Nov 26, 2006 1:58 pm) friendlybayer (Nov 25, 2006 8:15 pm) kyfdx (Nov 26, 2006 7:40 am)
#266 of 1530 December to Remember & 9 MSDs by redhat381 Nov 18, 2006 (10:42 pm)
I appreciate all the info I gathered from this site. Time to contribute back.   I leased a 07 RX350 FWD with Navigation today.   36 month lease with 12k per year.   $431.43 per month with 9 MSDs and no cap reduction...   MSRP: $44,160 Sales price: $37,500 Acquisition fee: $600 Registration, license: $308 Document prep: $48.71 Other fees: $36.75   Lease info: Gross Capitalized Cost $38,100 (sales price + acquisition) Current Money Factor for 36months 12K: .00133 Discount for putting down 9 refundable security deposits: .0009 Final Money Factor: .00043 Residual = 56% Total monthly payment with 8.25% tax = $431.43   Multiple Security Deposit Info: 1 MSD = $450 (monthly pmt round up to next $25) 9 MSD = $4,050 Total Due at signing: MSD = $4,050 first month pmt = $431.43 Fees = $393 Total Due at signing = $4,878 (I'll get $4,050 back.)   Hope this can help others. Replies to this message: moolman (Nov 27, 2006 1:24 am) cpa3 (Nov 27, 2006 8:16 am) darballman1 (Nov 27, 2006 8:48 am) redhat381 (Nov 27, 2006 10:36 am) and 10 more... Car_man (Dec 11, 2006 2:46 am)
#267 of 1530 Re: December to Remember [moolman] by darballman1 Nov 20, 2006 (8:59 am)
Replying to: moolman (Nov 18, 2006 5:05 pm) Here is the lease quote I received yesterday (Sunday) from Longo Lexus in Southern California:   2007 AWD RX 350   MSRP: $ 43.055   Capitalized Cost: $ 37,200.   Drive Off: $ 850.   36 months/12K miles   $ 451. + tax =   Total Payment: $ 486. 55   Note bad of a deal. Seems to be a glut of RX 350 here in Southern Ca. Went on Crown Lexus's lot on Sunday (John Elway's dealership), and they must have had over 75 RXs. Replies to this message: friendlybayer (Nov 25, 2006 7:31 pm) darballman1 (Nov 26, 2006 1:58 pm) friendlybayer (Nov 25, 2006 8:15 pm) kyfdx (Nov 26, 2006 7:40 am)

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