Last post on Dec 09, 2013 at 6:09 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Lexus RX 450h, Lexus RX 350, Car Leasing, SUV
#388 of 2767 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 2767 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 2767 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 2767 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.
#392 of 2767 Is this a good deal?
Dec 22, 2006 (5:01 pm)
Should I take this deal?
Lexus RX 350 AWD Premium package heated seats +
Purchase Price $38,700
36 month/36,000 mile lease 57% residual
money factor 0.00143
monthly payment $514
fees $750 bank fee, $600 security deposit, $200 doc, $165 registration
single payment opt would reduce money factor to 0.00053
#393 of 2767 Re: Lease Help 07 RX 350 [snewtie]
Dec 22, 2006 (6:38 pm)
Ok so I did the deal
07 RX FULLY Loaded
Sale Price $42K
Money Factor .00133
Prestige on RT17 In NJ
Gap Insurance in the doc fees.
#394 of 2767 Has Anyone Leased One in TX
Dec 22, 2006 (7:18 pm)
I am looking at one in DFW and was wondering what kind of deals people are getting... Thanks
#395 of 2767 For a lease, is it better to negotiate Price First?
Dec 23, 2006 (10:56 pm)
Thanks to all the posters for the valuable information. Armed with this, I'm about to go get a deal on an RX 350. Is it better to negotiate price first and then get into the lease details? I'm aware that the Cap Cost will be determined by the price agreed on. Thanks
#396 of 2767 RAY CATENA LEXUS
Dec 24, 2006 (5:12 am)
Can anyone help me out with this dealer? I saw some positive posts for them in NJ. I am looking for an 07 RX350AWD, Premium Pack, Heated Seats, NAV maybe if deal is right?..Can anyone who leased from them please share your deal? I live in DE but will go there as they seem willing to be aggressive. Many thanks!
#397 of 2767 YES! Ray Catena - FABULOUS
Dec 24, 2006 (7:06 am)
I just came on to post my deal from them. It's Ray Catena in Monmouth NJ. There are a few Ray Catenas in NJ & NY. This one is near Perth Amboy (furthest from me unfortunately, took almost 3 hours) They asked me to send all my CT friends, I'm sure they won't mind some from DE The guy kept telling me what a good deal I got. I was like, yeah whatever, I knew there were better ones in South CA. He said they will practically lose money on a deal to make their volume bigger end of month - their bonus is based on #of cars out the door. So now is the BEST time for you to go. I bet you can do better than my deal.
I picked up my car yesterday. (OMG - I am in LOVE!!!!) but now to the details...
I did everything over the phone.
2007 RX350 AWD preminum + Nav - this thing is loaded, I found features I didn't even know about.
$40,600 negotiated price
$0 cap cost reduction
36 month term, 12K miles/year
59% residual (I was sure 59% was for 10K miles and 57% for 12K, other dealers had told me this so I thought they made a mistake in my favor and would catch it on the paperwork, none of which I saw since I did a phone deal. Was sure they were going to bait-and-switch when I got there. They didn't. It really is 59% at 12K.)
money factor = .00133 (until Jan2 with tier1+ credit, score over 730)
monthly payment = $498.00 including 6% CT sales tax.
I'm telling you. Call them. They'll deal. I'm certain you can even do better. They told me to get the word out - so you can tell them Jenn in CT told you.
Sorry for the long post - I am just beaming. I couldn't be happier with this car or with the dealer. The place was fabulous but zooey - they had a garage the size of a mall full of cars that were all being picked up yesterday. Beautiful dealership too.
Can't believe I'm driving this for < $500/month. If I had known how much I'd love it, I would have done a 48 month lease for even less. I think I'll just buy it at end of term. GO - GO NOW. And post your deal. I want to see how low they'll go.