Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1593 messages, Last post on Dec 08, 2009 at 6:21 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| What is the risk of not getting your money security deposit back? Why do you think Lexus would be willing to give you a 14.5% return on the deposit...? Just curious because it sounds like a good deal for us. Gives them some protection in the case you destroy the car or not in good condition when you return.?? | |
|
|
|
Replying to: redhat381 (Nov 27, 2006 10:36 am) You still can't explain WHY the payment of 531 W/O MSDs. Bottom Line: My deal on the table for a cap. cost /RX 350 AWD of $ 37,200 with ZERO $ down (850. lease inception $), with NO MSD for a TOTAL payment of $ 487. Again, 531. for the auto mentioned must be figured on a NON- DEC. TO R. lease rate. And, again, this offer is from TWO different Lexus dealers. It can be purchased (res.rate) for $ 24,500. So, Moolman's deal, I feel is not all that great.
|
|
|
Replying to: darballman1 (Nov 27, 2006 12:52 pm) Moolman's monthly pmt before the MSD discount and before taxes would have been $455.17. Tax would be $37.55. Additional miles would be $38 a month. That would have made it $531. Instead, he's paying $60 less a month due to his MSDs. I used the same Dec. to Rem. money factor of .00133 for both you and Moolman. By the way, Moolman received $6,046 off MSRP, whereas your offer is $5,250 off MSRP. Plus, Moolman's residual is very good at 56% for 18K miles a year, while your offer is the standard 57% for 12K a year. Moolman received an excellent deal both for his sales price and lease terms. I think you can improve on yours, though. Good luck.
|
|
|
Replying to: darballman1 (Nov 27, 2006 12:52 pm) Moolman received $6,646 off MSRP, and your offer is for $5,850 off MSRP... |
|
|
|
|
Replying to: redhat381 (Nov 27, 2006 2:21 pm) Thanks for the clarification. The extra mileage does explain the difference. I did receive 6,050 off list, so his deal IS a little better. Thanks, again. 
|
|
|
Replying to: darballman1 (Nov 27, 2006 4:06 pm)
|
|
|
Hi everyone, Well, I'll put my input in but redhad381 answered all the questions correctly. I don't know why they gave me a 56% residual for 15K, I was quoted 54% but when the final papers came, it was 56%, so I didn't complain. Also, remember that I paid for the extra mileage up front of 9000 miles at 15 cents. So you have to minus $1350 from my residual. From my experience, I gather the lowest price possible for the car, MSRP 44146 seems to be about $37400-$37500. After I got my quote of $37500 in writing and I went to a couple of more dealers to try to get them to beat it by a couple of hundred more, I offered to buy the car right then and there if they would do $37000. Four dealerships let me walk, they did offer $37400. I just went with my original dealer since they are local to me and gave me the best price up front. I was willing to buy from another dealer for $500 more off but for $100 I didn't want to switch. Thanks again to redhad381 for his breakdown. It came in handy when I leased my car. Hopefully, others could get a great deal on this car. |
|
|
Replying to: cingular (Nov 27, 2006 8:11 pm) Like Redhat381 said, where else can you get an almost 15% return, tax free. It's a great deal.
|
|
|
Replying to: moolman (Nov 27, 2006 8:49 pm) However, I was never told about getting "interest" on the MSD's? Does it have to state on contract regarding the interest, or should I assume Lexus Financial will give me the 15%?
|
|
|
Replying to: darballman1 (Nov 27, 2006 4:06 pm) No problem. Hope you get a great deal. |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Lexus RX 450h
2010 Lexus RX 350
Browse by Board
Browse by Topic
Today's Chats
