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Lexus RX 350 / RX 400h Lease Questions

961 messages,  Last post on Sep 02, 2008 at 6:13 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Lexus RX 330, Lexus RX 350, Lexus RX 400h, Car Leasing, SUV


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#557 of 961
Re: Need help with '07 RX350 Lease Numbers [Car_man] by richz
Mar 13, 2007 (6:11 am)
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Replying to: Car_man (Mar 13, 2007 4:39 am)

Are you sure about the residual value being only 59%? This seems only very very slightly higher than after 3 years/15,000 miles. Also, I have seen people posting money factors lower than 0.002 in this thread. Was there some sort of support from Lexus that has now ended?
 
In my original post I asked how you are getting the residual values and money factors. Do you have some sort of inside knowledge? I am asking this so I know how much I can trust your numbers if I try and negotiate with the dealer.
 
Finally, what do you think about a 24 month lease vs a 36 month lease? I was thinking I could lease for 36 months and try to find someone to takeover my lease for the last 12 months if I don't want to keep the car any longer. I read the articles you linked to in your reply already.
 
Thanks.
#558 of 961
when is the rx new generation coming by ms09
Mar 13, 2007 (3:19 pm)
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hi, i saw lots well almost all discussions of price, can any1 tell when the next generation of the rx is coming? cause i found out today the new generation of lx is coming, which will be lx 570 v8 will be the first live appearance offically by lexus on april the 4. at ny auto show...but i am more interested when the rx next gener will be coming can any1 tell me, and the current generation which is this ? because i wasn't a fan of lexus before to be honest but now i am . so can any1 tell me which is this current rx generation?
#559 of 961
Re: Need help with '07 RX350 Lease Numbers [richz] by Car_man HOST
Mar 14, 2007 (3:04 am)
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Replying to: richz (Mar 13, 2007 6:11 am)

Yep, I'm sure. Lexus Financial Services' 24 month, 15k residual value for a base '07 RX 350 AWD is 59%. The number for an otherwise identical 36 month lease is 53%. Lexus was providing a special lease money factor on the '07 RX 350 in February, but this program is no longer available in March. For March it moved its special money factor to the 2008 model. The above numbers are definitely right, but you don't have to trust them if you don't want to.
 
A 36 month lease will definitely provide you with a lower monthly payment than a 24 month lease would, but don't count on being able to easily find someone to assume the final year of a three year lease. Finding a consumer who is willing to assume your lease payment is often a lot easier said than done. Lessees often find that they have to sweeten their deal by paying money out of their own pocket to entice someone to take over their deal.
 
Car_man
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#560 of 961
Re: when is the rx new generation coming [ms09] by Car_man HOST
Mar 14, 2007 (3:13 am)
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Replying to: ms09 (Mar 13, 2007 3:19 pm)

Hi ms09. The 2008 Lexus RX 350 is not available at dealers, but I don't believe that it is significantly different than the 2007 model. The '07 RX 350 just got a new, more powerful motor and a number of interior upgrades, so I suspect that we will not see a major redesign of this model until the 2009 model year. This particular discussion is for consumers to talk about leasing an RX 350. Try posting your question in the following discussion for better feedback on when a redesigned RX will arrive: "Lexus RX 350".
 
Car_man
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Prices Paid Forum
#561 of 961
Re: Need help with '07 RX350 Lease Numbers [Car_man] by richz
Mar 14, 2007 (5:42 am)
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Replying to: Car_man (Mar 14, 2007 3:04 am)

Hey Car_man,
 
I hope you didn't read my message wrong. I wasn't saying I don't believe you, I just wanted to make sure you sent me the correct numbers since 59% is also what the dealer ave me as the residual value but it just seemed a bit low.
 
Thanks.
#562 of 961
Re: 2007 RX 350 - Ohio [toddturner] by chirocoach
Mar 15, 2007 (7:36 am)
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Replying to: toddturner (Mar 01, 2007 3:44 pm)

Thank you Todd.
#563 of 961
Re: when is the rx new generation coming [Car_man] by billmv
Mar 15, 2007 (9:32 am)
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Replying to: Car_man (Mar 14, 2007 3:13 am)

CM......I'm sure you meant to say NOW instead of "NOT available at dealers" in your post from 3:19 AM. My Lexus dealer here in Marin County CA claims to have sold out of 2007s six weeks ago.
 
Keep up the good work, and get some sleep!
#564 of 961
Re: Need help with '07 RX350 Lease Numbers [richz] by richz
Mar 15, 2007 (7:49 pm)
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Replying to: richz (Mar 14, 2007 5:42 am)

As a followup, I ended up negotiating the price of the vehicle to $40,000.
#565 of 961
'07 RX350 Lease Help by highfidelity
Mar 20, 2007 (10:39 am)
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Car_man,
 
You were a great help in getting me info for my RX330 lease. I now need some numbers for my father.
 
He is interested in a $0 down, 3 year, 12k mile/yr lease on a 2008 RX350 (better to look for a 07?). Which I have priced out at $41,746.00, figure $39k negotiated price (premium plus, no nav). Can you tell me what he should expect to pay and what the current residual and money factors are.
 
Thanks!
#566 of 961
Re: Lexus RX 330: Lease Questions [Car_man] by marqevans
Mar 21, 2007 (8:28 pm)
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Replying to: Car_man (Aug 31, 2005 4:29 am)

I am about to lease my 5th RX, a 2008 rx350 with the first level premium package, heated seats and a towing hitch/ball. MSRP $42,100 My dealer usually offers to buy me out of my lease before I reach 3 years. The lease is a 36 month 15000 mile/yr lease with nothing down and sales taxes 7.75% rolled into the lease. The monthly payment will be $577, or $537 if I leave a $5,000 refundable security deposit. Does this sound like a good deal?

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