Last post on Dec 12, 2013 at 4:17 PM
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Lexus RX 450h, Lexus RX 350, Car Leasing, SUV
#349 of 2773 Re: Lexus RX350 FWD with NAV lease deal [dslucki]
Dec 12, 2006 (3:06 am)
Hi dslucki. It would be a big help if you were able to post this truck's full MSRP. This will show how much of a discount you are being given on it. When Lexus initially introduced its "December to Remember" sales event on November 14th, its base special money factor for the 2007 RX 350 was .00133 for consumers who qualify for its top credit tier. This lease program was scheduled to run through January 2nd. It is possible that Lexus made an unscheduled enhancement to this truck's lease program in early December, but I personally have not heard anything about it yet if it has.
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#350 of 2773 Re: December lease rates [markusmann]
Dec 12, 2006 (3:12 am)
Hello Markus. The money factor that you were quoted for this truck is too high. If you qualify for Lexus Financial Services' top credit tier (it looks like you do), its special money factor for this truck is at worst .00133. There have been rumors floating around that it has been enhanced to an even better rate than that. Make sure that you have the dealer that you are working with use this truck's buy rate money factor to calculate its monthly payment.
As far as this truck's selling price goes, I am sure that you are already aware that the price you were quoted is $2,000 over invoice. Given the fact that you are in such a competitive automotive marketplace, Southern California, if I was quoted $2,000 over invoice on this truck I personally would be inclined to shop around some more. That's a lot of room to play with. There's a decent chance that you will be able to find a dealer that is willing to beat this deal by comparison shopping. Before you head out, make sure to stop by the following discussion to see how much other community members have paid for similar trucks lately: "Lexus RX 330 / RX 350: Prices Paid & Buying Experience".
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#351 of 2773 Re: December RX 400h Lease Rates? [comfortzones]
Dec 12, 2006 (3:14 am)
Hi comfortzones. According to the latest information that i have seen, Lexus' "December to Remember" buy rate lease money factor for the 2007 Lexus 400h is .00165 for up to 48 month terms for consumers who qualify for its "Tier 1+" credit tier.
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#352 of 2773 Re: RX 350 Lease [atlantarose]
Dec 12, 2006 (3:19 am)
Greetings atlantarose. If your credit is in good shape, the money factor that you were quoted for this truck is too high. When it initially introduced its "December to Remember" promotion on November 14th, Lexus buy rate lease money factor for a 48 month lease of the 2007 RX 350 FWD was .00133 for consumers who qualify for its top credit tier. Rumors have been floating around that it was enhanced again in early December. Whether it has or not, the money factor that is being used to calculate your truck's monthly payment is a little on the high side.
I am not personally all that familiar with what the market is like for this model in your neck of the woods, but I have seen community members report getting larger discounts than the one that you were quoted for this truck. If there is another Lexus dealer or two in your area, it wouldn't hurt to comparison shop a little bit to see if you can beat this deal. Just make sure to finalize your lease before the "December to Remember" program ends on January 2nd. It is difficult to say what Lexus' lease program will be like in January.
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#353 of 2773 Re: Lexus RX 350 lease [Car_man]
Dec 12, 2006 (4:26 am)
How do you calculate the monthly amount using the money factor?
#354 of 2773 Re: Lexus RX350 FWD with NAV lease deal [Car_man]
Dec 12, 2006 (8:23 am)
Car_man - thanks for the response. I've got two deals in the works for the same car. 36 month, 12k miles RX350 FWD with NAV.
Selling price 37987
Selling price 37825
Are these good deals for Southern California?
#355 of 2773 New York 400h shoppers
Dec 12, 2006 (11:02 am)
For those in NY...just now closing on the 400h with premium plus package & NAV package. MSRP is $49,866. MF is 0.175 or 0.165 if qualify for Tier 1+ credit. Residual is 58% for 12,000 miles. I'm buying from Lexus of Manhattan for $46,000. Lexus of Larchmont and a NJ dealer offered the car for what they said was basically cost -- $45k. I did a ton of haggling and called a number of dealers, so i think this is the best deal you can hope to get. In the end, i could only get Manhattan Lexus down to $46k, but they have the car in stock & I need it for the holidays, so I'm going with them. I'm having the dealer add XM satellite for $775 (would have been $650 at Larchmont -- oh well).
Hope this info helps. Good luck shopping.
#356 of 2773 Re: RX 350 Lease [Car_man]
Dec 12, 2006 (11:18 am)
I felt that it was a little high. Consumer reports suggest bottom line pricing at about 34k to 35k for a base model. I'm thinking that I should wait until the end of the month to see what kind of deal might be available here in the Atlanta area.
#357 of 2773 Re: New York 400h shoppers [jimbonyc]
Dec 12, 2006 (11:36 am)
I've had better offers for the exact same 400h both in NJ. My best offer so far is $44,500 MF 0.0065, 58% Res., 12k miles. Invoice on that car is $44,658. If you go elsewhere jimbonyc you may get a better deal.
Let me know about your buying experience at Lexus of Manhattan. I've given them a shot a winning my business and I'm curious to see how things go for you.
Thanks for the update.
#358 of 2773 Excess RX 400h Inventory Due to Tax Credit Expiration
Dec 12, 2006 (11:43 am)
I read a report about how the sales of hybrids have declined by 31% since August due to the decline in fuel prices and the expiration of the tax credit. Using this logic, shouldn't there be more "incentive" for dealers to move this model off their lots? Apparently the "Days to Turn" measurement for hybrids jumped from 6 in August to 11 days in November.
Most of the dealers I've spoken with have a large inventory of these cars and I think they will be getting eager to move them soon. Anyone have any feedback or seeing something different?
Here's the article