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You are in the Prices Paid - Buying & Leasing Experiences
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Lexus RX 450h, Lexus RX 350, Car Leasing, SUV
#382 of 2772 2007 Lexus RX 350 Lease
Dec 21, 2006 (5:55 am)
Hey i was quoted the following on an 07 RX 350 and wanted to know if I got a good deal.
2007 RX 350: w/Premium Plus Pckg. (HID Lights, Heated Seats, etc)
Sale Price: $36,288
Down Payment (inc. inceptions): $3500
12,000 Miles, 36 Months
$429 a month inc. tax
Not very sure of money factor or residual but I can ask the salesperson.
DOes this sound like a good deal??
#383 of 2772 Re: That's Better [marciabcd]
Dec 21, 2006 (12:06 pm)
Sorry - I haven't checked back here since I sealed my deal...
I went through Ray Catena in Monmouth, NJ.
They were great and I haven't even met them yet. I'm going Saturday - can't wait. I dealt soley on the phone.
Honestly, I think I could have got them even lower, but I was so happy because it was so much better than any of the CT dealers that were padding costs everywhere.
The guys at Ray Catena were the best. They laid everything on the table - and I was able to do that because of all the prior posts. This board is the best. I'll never lease another car w/o it.
Good luck - I'd be interested to see how low they go if you try. Sorry I can't post their phone#
#384 of 2772 Re: That's Better [marciabcd]
Dec 21, 2006 (12:14 pm)
Oh, just realized you're in CT too.
My friend in Long Island leased through them and they delivered her car free of charge. I asked if they would bring me mine and originally they said no, but then one of the sales guys called me and said they had family in Wallingford CT and he would bring me my car.
I know this is going to sound ridiculous, but I wanted to be the first person to drive my new baby. So I'm making the estimated 3 hour road trip. I have family in NY so it's only an hour or so out of my way. (They are exit 105 off garden state)
If you want them to deliver your car, mention the guy who has family up here. Don't know where in CT you are, but it could work out.
I'm so excited!
#385 of 2772 Re: 2007 Lexus RX 350 Lease [candy8608]
Dec 21, 2006 (2:20 pm)
Doesn't sound like too good a deal to me. Too much missing information. I dont know where you are to determine if the selling price (cap cost) is appropriate. For Ca it might still be a little high. But the worse part is the $3500 down. If you assume the $3500 includes your first pmt, plus lease fee $600 plus DMV...that only comes up to about $1300...the rest is just paydown...So assuming a $2200 reduction in the cap cost the lease should come out to about $367 plus tax...for Ca that would be about $395 a month total...
#386 of 2772 Re: 2007 Lexus RX 350 Lease [cpa3]
Dec 21, 2006 (3:13 pm)
I live in Miami, Florida. The dealership is in Pembroke Pines, Fl. I thought $3500 may be a bit too much. So you're saying my payment should be about $387 more or less w/tax?
#387 of 2772 Re: 2007 Lexus RX 350 Lease [candy8608]
Dec 21, 2006 (10:11 pm)
I think you should be able to do better. I suggest you contact a few dealers in your area via phone or email. Outline to them what you are looking for on the car and what lease terms. Tell them exactly what options you want. Those cars only come in a couple configurations in each area. Make sure you tell each one the same thing. Then compare what they tell you. Now you should have some idea of what can be done in your area. It actually best if you read this board thoroughly. Somewhere on here is a link that tells all about leasing and how to calculate your payment. Dont walk on a lot and deal with a salesperson...Its a waste of time in my opinion, unless you like to haggle or just give in.
#388 of 2772 Re: 2007 Lexus RX 350 Lease [cpa3]
Dec 22, 2006 (6:01 am)
Thank you so mch for your help. I called around to a few dealers and they pretty much had the same prices. I wanna see if i take away about $500-$1000 from the down payment and make it a 48 month lease maybe I'll be better off but that's assuming that with it being a 48 month lease the residual doesn't go down that much...
Thanks alot for your help!
#389 of 2772 Re: 2007 Lexus RX 350 Lease [candy8608]
Dec 22, 2006 (8:03 am)
Candy, if you go back several messages you can see my lease. I just leased on a 48 month lease. Yes the residual does go down (45%)however thats offset by the additional 12 months to pay off. In fact you should find your lease payment decrease by about $9 a month when you go to 48 months. Also thats a great way to go because the car is covered under warranty for 50K miles or 4 years...
#390 of 2772 Re: 2007 Lexus RX 350 Lease [cpa3]
Dec 22, 2006 (8:16 am)
Thanks. I saw your post on the deal you got. So you only paid $839 plus the acq fee and first month payment which roughly is about $2000 out of pocket?? And I'm being quoted $3500 (including incep.) for a cheaper model than yours for 36 months and 12K miles... Yea I seriously have to go re-negotiate my numbers!!!
#391 of 2772 Re: 2007 Lexus RX 350 Lease [candy8608]
Dec 22, 2006 (9:21 am)
No, I paid only $839 out of pocket which was my first months payment and the DMV fees. That was my total drive off I had to pay. The acq fee was added to my cap cost of $37000 plus $600. Also remember from what I have seen posted is that in Calif we seem to get better deals than some places in the country. I have three Lexus dealers within about 10 miles from my house. All have at least 50-75 of these cars sitting on their lots.