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Lexus RX 450h, Lexus RX 350, Car Leasing, SUV
#352 of 2763 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.
Prices Paid Forum
#353 of 2763 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 2763 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 2763 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 2763 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 2763 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 2763 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
#359 of 2763 Re: how's this deal? [Car_man]
Dec 12, 2006 (1:31 pm)
Thanks for the feedback... these guys are dealing, because I balked at their low trade in for my RX300... they offered a ridiculous $12,500, increased it to $13,700, then upped it again last night to $14K. I wanted Sirius radio but thought it was too expensive -- $895 installed -- so they lowered the cap cost of the car by $200 to $38,600. So I'm a happy camper, picking up the Flint Mica RX on Saturday.
Will report back on my experiences!
#360 of 2763 Car Man: What Do You Think
Dec 12, 2006 (3:29 pm)
1. Here's the deal offered by both Crown and Longo Lexus for a AWD Prem + PKG. Pretty nice deal, I believe. What do
you think ?
Selling Price: 37,000.
12K per yr.
Residual 57%: $ 24,541.92
Payment (Incl.7.75% Tax) $ 483.87
2. Originally, I was going to buy a RX in the spring. Have you ever seen Lexus with a comparable offer to Dec. To Remember ? I doubt if the MF will be this low next year, even w/the 08 RX;s coming out. Any ideas?
Thanks, Car Man.
#361 of 2763 Re: Car Man: What Do You Think [darballman1]
Dec 12, 2006 (6:47 pm)
Based on what you presented your lease payments dont calculate out correctly to $483.87. I came up with $461.45 which includes the sales tax. Looks like they tacked some extra charges in there. What about the $600 lease fee. Where is that. Even adding that in it still fall short of the $483.87