Last post on Nov 23, 2013 at 5:27 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Lexus RX 450h, Lexus RX 350, Car Leasing, SUV
#560 of 2763 Re: when is the rx new generation coming [ms09]
Mar 14, 2007 (2:13 am)
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".
Prices Paid Forum
#561 of 2763 Re: Need help with '07 RX350 Lease Numbers [Car_man]
Mar 14, 2007 (4:42 am)
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.
#562 of 2763 Re: 2007 RX 350 - Ohio [toddturner]
Mar 15, 2007 (6:36 am)
Thank you Todd.
#563 of 2763 Re: when is the rx new generation coming [Car_man]
Mar 15, 2007 (8:32 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 2763 Re: Need help with '07 RX350 Lease Numbers [richz]
Mar 15, 2007 (6:49 pm)
As a followup, I ended up negotiating the price of the vehicle to $40,000.
#565 of 2763 '07 RX350 Lease Help
Mar 20, 2007 (9:39 am)
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.
#566 of 2763 Re: Lexus RX 330: Lease Questions [Car_man]
Mar 21, 2007 (7:28 pm)
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?
#567 of 2763 2008 RX350 AWD 27mo lease
Mar 24, 2007 (3:49 pm)
I am considering a 27mo lease. My credit is excellent. I don't drive the car that much, so 10K/year is OK for me. Please comment whether this is a good deal or not, and suggest a place were you might be able to get better rates...
Car: 2008 RX 350 AWD, Navigation, Premium Plus.
I am being offered the following lease terms:
Term: 27 mo
Money Factor: 0.00275
Total Initial Fees: 800
Lease-End fees: 400
Also, can someone post any prices paid for the car above?
Mar 28, 2007 (6:49 am)
To get the color/features choices that my wife wants, the dealer in the Boston area (Lexus Watertown) said we really ought to order the car. That's fine with us as we have lots of time, don't mind waiting 12 weeks. The dealer said we would agree on price before placing the order, and the leasing terms would be whatever Lexus leasing terms are when the car comes in and he sells to us. That's fine with me, but only seems to work correctly if the dealer has no discretion on leasing terms. I think that's right -- I think the dealer negotiates price and sells the car to the leasing company, and that Lexus doesn't give the dealers flexibility to modify leasing terms to get the deal done. But can someone confirm this? I want to be sure I don't get nailed on ugly leasing terms if I go this route. Let's assume for this purpose I can negotiate a price I am happy with.
#569 of 2763 Re: Lease/Order [dgrahamr]
Mar 28, 2007 (8:36 am)
Your dealer should lease it to you using Lexus Financial Services, so it's an in-house deal. They can use a local bank, but then you can't find out from forums like this what their money factors and residuals are. So the dealer isn't selling the car to the leasing company. You should get a better deal using LFS.
Lexus sets the MSRP and the residual value (a function of months and miles). It also sells financing to the dealer for X. The dealer controls the selling price used in the lease calc when they cut a deal with you.
LFS "sells" the financing to the dealer for X, which the dealer can then mark up when they use it to calc your lease payment (the "money factor"). Just like a bank does when they buy money from the Fed and turn around and lend it to you at a higher rate. So you MUST get it in writing NOW that they will use the "buy rate" money factor which happens to be in effect at the time your car arives. It changes monthly, and is set by Lexus. However, Lexus allows the dealers to mark that up to make extra profit.
The acquisition fee (about $695, I think) is also set by Lexus, but they allow the dealers to mark that up too, so the dealer might add $200-$300 there.
So agree on a price and insist that they use the buy rate money factor and standard acq fee.