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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 400h Lease Questions
1031 messages, Last post on Nov 20, 2008 at 6:47 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Wanted to thank all the participants and hosts for the last two months of posts. I had shopped all the local dealers here in AZ and had really not found a satisfactory deal. Based on what I was reading here, I blanketed So Cal with emails stating exactly what I wanted (RX 350 AWD nav prem plus 12K/yr 36 mo for under $500/mo). I got mostly 'no way' emails but did find a few in CAl with a good deal. Right now I'm sitting on $514/mo with $572 drive off (first payment plus temp tags) and included delivery to me in Phx. I will have to pay local reg. This deal saved me about $4K over the lease term compared to the local deals. I'm very happy with this deal since I could only qualify for tier 1 (not tier 1 plus) financing. For newcomers, a few suggestions to help. First, the 350 really only comes with a few package sets so look at the MSRP as they are essentially the same across the country so you can easily compare deals this way. For example AWD/nav/prem+ is always $45,706. Second, compare both the monthly cost as well as the drive off cost. Some deals look great until you find out they paid $3K for drive off. Third, while it might seem presumptuous, don't be afraid to email a ton of dealers - someone has too much inventory somewhere and wants to deal. I only decided to do that at the last minute and am so happy I did - saved $4K. The delivery charge from Cal to AZ was minimal and added only cents to the monthly payment. Finally, listen to the hosts, they have been following all the deals for years or at lest months and can give you great insight. Good luck. |
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Replying to: jennbb (Dec 24, 2006 7:06 am) I called Joel Cohen at Ray Catena. He is really great, easy to deal with. He is getting lots of calls from your post. He gave me two quotes for the same car you leased. 2007 RX350 AWD Premium Plus with NAV: $45,706 MSRP $40,600 negotiated price $0 cap cost reduction 36 month term, 12K miles/year This time he quoted a 57 percent residual which is actual a better deal than 59 percent if you want to buy the car at the end of th lease. There were two ways to go with the monthly payment: $576 per month OR $498 per month... but the $498 requires a $4500 security deposit which is supposedly FULLY REFUNDABLE and is NOT used as a cap reduction fee, it is only used to secure the payments, NOT to cover any potential damage to the car. Did you have to pay the security deposit to get your monthly payment? We did not even talk credit scores. I have excellent credit. Thanks!
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Replying to: tbecker128 (Dec 27, 2006 11:11 am)
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Replying to: jennbb (Dec 24, 2006 7:06 am)
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Okay, I have read all your posts, and thank you, but get this... Emailed FIVE dealers in CA and ALL said I must call to get price. Ugh! Right now, the two dealers I'm familiar with gave me this as best price: $555/mo (includes tax and lic) $1000 drive off ($0 cap red) 2007 FWD (not AWD) Premium Plus Pack w/Nav (basically, max car less AWD, Chromes, Rear Seat DVD) 36 month / 36,000 mi. CA people, am I getting close to the best deal?u> Want to lease this week.
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Replying to: berisky (Dec 27, 2006 12:44 pm) Ray Catena in NJ is doing the same car with NAV for $576 a month with $1476 up front which includes: 1st payment 498 includes the tax registration 324 bank fee covers gap insurance 654 (incl tax) MSRP is $45706 AWD Premium Plus with NAV or buy outright for $40,600 57 percent residual = sticker 45706 x .57 = 26052.42 plus tax to buy at end of lease
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Replying to: tbecker128 (Dec 27, 2006 12:58 pm) AWD w/o Nav ($43K in CA) is CHEAPER than FWD with Nav ($44K), so the car I quoted seems like a better deal. I also think CA might be more expensive than other parts of the country. Can anyone confirm? Thanks for your patience.
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Replying to: berisky (Dec 27, 2006 1:09 pm)
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Replying to: cpa3 (Dec 27, 2006 3:36 pm) |
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Through a business associate who previously worked at this dealership, I was referred to a salesman who offered the deal below on a 2007 RX350 with premium pkg. Is this a good deal? Thanks in advance. MSRP $ 40,841 Sale price $ 37,512 36 month lease with 15,000 miles per year. This is done with excellent credit so 730 + Beacon score. Adjusted cap cost 34,218 $ factor .00243 Residual 54% Acq fee $ 600 No security deposit required with T1 credit. No sales tax with our current program. You will pay $ 450 L&M fee Title and license fees are about $ 140 Monthly payment $ 474 with $ 5000 down. Any other questions please let me know.
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