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Lexus RX 350 / RX 450h Lease Questions

1590 messages,  Last post on Dec 07, 2009 at 4:09 PM

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

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#31 of 1590 Re: Lease Questions [mutt32] by Car_man HOST Nov 13, 2005 (7:10 am)
Replying to: mutt32 (Nov 08, 2005 6:14 am) Hello Michael. The selling price that you were quoted for this truck looks reasonable to me. It doesn't appear to me as though your lease is being run through Lexus Financial Services. Your dealer may be using the Hahn lease that other community members mentioned a few posts ago. The money factor that is being used on your deal is higher than the one being offered by LFS, but the residual value is better as well. I suspect that this program will result in a better lease payment than Lexus' program will. As far as sales tax goes, you should be able to roll it into your truck's capitalized cost and pay it as part of your lease payment if you want to.   Car_man Host Smart Shopper / Prices Paid Forums
#32 of 1590 Re: November Lease Deals on RX330 [seekingdeal1] by Car_man HOST Nov 13, 2005 (7:20 am)
Replying to: seekingdeal1 (Nov 11, 2005 7:37 pm) Hey seekingdeal1. The selling price that you were quoted for this truck looks reasonable to me. You shouldn't make the $2,500 down payment or use the proceeds from your trade in as a capitalized cost reduction for this lease though. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Lexus would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all. If you still want to trade in your Maxima, have the dealer cut you a check for it rather than using the proceeds from it as a down payment for your lease.   This dealer's profit has nothing to do with your down payment or trade. They make money when the bank that you are leasing this truck through purchases it at the price that you agree to. Plus dealers often can make additional back-end profit on deals by marking up vehicles' lease money factors. The money factor that you were quoted is very interesting because it is much lower than what this truck's factor should be. Something doesn't seem right there.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: seekingdeal1 (Nov 13, 2005 7:58 pm) Car_man (Nov 25, 2005 3:33 am)
#33 of 1590 Re: November Lease Deals on RX330 [Car_man] by seekingdeal1 Nov 13, 2005 (7:58 pm)
Replying to: Car_man (Nov 13, 2005 7:20 am) Thanks Car_man,   I appreciate your view and expertise!   Then your recommendation/suggestion is not to put money down except for fees. Then based on the numbers below what would be a fair/market deal?   $43000 MSRP $40000 Sold 36 months $24500 Residual Money factor: was quoted .0012 but could you state market rate.   In reading above it sounds like I should hold on for December?   Thanks Replies to this message: Car_man (Nov 25, 2005 3:33 am)
#34 of 1590 RE: 2006 RX330Lease numbers by natkat Nov 14, 2005 (8:53 am)
I am getting ready to look for a 2006 RX330 AWD lease for a 3yr/12000 miles and live in an area with accessibility to atleast three different dealers. I have read on this board that Lexus will be offering some better deals starting Nov 23rd. Can someone confirm this....and also it would be helpful if I could get some info on the money factor(not sure how this gets calculated) and the residual amount on the above truck with premium plus options and 6 dash. It would also be helpful to get some approx. negotiated prices on the above vehicle with the said options. Replies to this message: Car_man (Nov 25, 2005 3:37 am)
#35 of 1590 Re: November Lease Deals on RX330 [Car_man] by nc_driver1 Nov 14, 2005 (9:15 am)
Replying to: Car_man (Nov 13, 2005 7:04 am) Thanx Car_man. I've already leased the car. Below are the final numbers: MSRP $40,603.00 Final Negotiated Price $36,101.00 Acquisition Fee $600 Tax 3% Doc. Fee $399 Tags $69 Residual 56% Money Factor 0.00235 36 months lease w/15k miles/year With O money down-actually I paid for the tags and first payment, the monthly payment comes to $555.75 What do you think? Thanx again. Replies to this message: Car_man (Nov 25, 2005 3:39 am) nc_driver1 (Nov 26, 2005 9:25 am) Car_man (Dec 01, 2005 4:02 am)
#36 of 1590 Lease quotes from Dealers by natkat Nov 14, 2005 (1:54 pm)
I just got these rates from two different dealers on an RX330 with just premium plus and 6Disc. The first one was: MSRP - $43,359 Sales Price - $40725 Money Factor - 0.0025 Residual - $29483.44 Lease amt -$ 599 with $1599 at time of signing.   The second one was: MSRP - I don't remember!! Sales Price - $39250 Money Factor - 0.0025 Residual - $25581 Lease amt - $559 with $800 odd at time of signing.   Can someone tell me if I am getting ripped or should I negotiate some more...   Thanks Replies to this message: Car_man (Nov 25, 2005 3:44 am)
#37 of 1590 Lease quotes from Dealers by natkat Nov 14, 2005 (1:55 pm)
The above rates for a 36 month/ 12000 miles lease agreement
#38 of 1590 Fair Deal or Not by xtonyfx Nov 17, 2005 (5:35 pm)
Don't have a clue as to actual price, int rates, just told them, I have excellent credit and wanted to stay around 500. per month. Figured from the posts I have read and all the deals made, that 500. per month would have to be a good price. How does that sound, or was that a bad idea. It's for a 2006 AWD, Premium pkg. Tx included 30Months/ 10K - 527.00 month OOP - approx 1700. (the usually 1st month, acquistion etc..) Also, got a quote for 548.00 for 48 month/10K.    Then got a call back and was told that "December To Remember" program was going to start right after Thksgvg and would probably get an even better deal, so I should wait, if I could. He would call me as soon as he gets those numbers.
#39 of 1590 Re: malenky [ladymaven] by malenky Nov 19, 2005 (2:38 pm)
Replying to: ladymaven (Nov 04, 2005 2:20 pm) I got a fairly decent quote from Prestige Lexus on Rt 17 in NJ. It's 30 months at $530 including 6% Tax with Hann Financial, 10 K a year. $450 disposition fee, nothing up front except first month and Motor Vehicle fees for plates and registration. MSRP of $43,400, 2006 AWD with Premium Plus package, CD-changer, Disks, Xenon lights and heated seats.
#40 of 1590 2006 RX330 deal by citysage Nov 24, 2005 (7:00 am)
i'm getting a deal for a 36 month / 12K per year lease for   $546/month with only fees upfront ($1604) or $512/month with fees $1570 and tax 1106   do you think this a good deal for 2006 330 AWD with premium plus, heated seats, rain sensing wipers, 18" wheels.   pls let me know, want to finalize tomorrow.   thanks in advance. Replies to this message: blane1 (Nov 24, 2005 5:25 pm) Car_man (Nov 25, 2005 3:47 am) highfidelity (Nov 25, 2005 4:09 pm) and 4 more... markusmann (Dec 09, 2006 8:36 pm) and 6 more...

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