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Prices Paid: Buying & Leasing Experiences 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
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Replying to: tacomaboy (Apr 23, 2007 1:11 pm) Also, I don't know if they will consider your credit scores "excellent". I don't know what their cutoffs are but you may not qualify for their top tier credit.
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Replying to: richz (Apr 26, 2007 7:33 am) But the reason I did not give the money factor and residual was because I thought this was set by LFS, I believe he wsa showing me a 51% residual and a 2.5% (I think) money factor. |
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Replying to: richz (Mar 14, 2007 5:42 am) I am considering leasing an '08 RX fwd w/no navigation. My local dealership is offering me a 36 month lease, 12k per year through Lexus Finance. Based on Tier 1 credit, I'd pay $1000.00 drive-off and a monthly payment of $550.00 (includes tax.) Could you let me know if this sounds like a good deal? I'm based in Los Angeles. Thank you. DCSure5148
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Replying to: tacomaboy (Apr 26, 2007 7:43 am) |
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I thought I would share my experience as this site has been a big help. Southern California Area - Apr. 27th, 2007 2008 Lexus RX350 AWD MSRP: $49,036.00(Rear-seat DVD, 18" seven spoke wheels, Multi-stage heated front seats w/rain sensing wipers, tow package, Nav/Mark Levinson package, cargo mat, wheel locks) Gross Cap Cost: $42,741.00(negotiated price before any other fees) Adjusted Cap Cost: $43,341.00($600.00 Aquisition) Residual: $27,460.16 (56%) Money Factor: .00195 (4.68%) Drive off's: $1,038.57($639.33 first payment, + $342.00 title, reg, lic. fees + $45.00 doc fee + $8.75 Ca. tire fee, $3.49 doc fee tax) 36 mo./15,000 miles Payment: $593.35 plus taxes of $45.98 = $639.33 Anybody who walks into a dealership blind is a fool. Buying a vehicle through the internet is the only way to go as you can obtain multiple quotes with absolutely no pressure. If you are going to lease you need to be armed with the following information: - knowing the residual for the time and miles of the lease - knowing the buy rate(money factor for top tier credit)(dealerships can mark up the money factor to increase their profit) - knowing the invoice price(so you can negotiate a fair price) I was able to get all the above information from looking through prior messages posted here. Also, Edmunds and KBB.com were good for obtaining invoice pricing. Hope my experience helps. Knowledge is power!! 
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Replying to: hwyranger (Apr 29, 2007 7:43 pm) |
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I am interested in leasing a 2007 RX 400h for 3 years/ 36000miles. Does any one know the residual on this car? (53%?) Thanks
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Replying to: billc112 (Apr 30, 2007 11:58 am) Do you or does anyone know what money factor LFS if offering right now? I was quoted 0.00325 which seem a bit high, probably marked up.
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Replying to: Car_man (Apr 18, 2007 2:27 am) I was offered a lease on a 2007 Lexus RX 400h AWD with a 0.00325 money factor and 52% residual. I'm guessing th money factor is marked up. Do you know what the appropriate deal should be? The retail plus accessories(well equipped) is $49965 with a $3000 discount making the purchase price 46965. |
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2007 2WD 400H with premium plus/nav/18" wheels, wood trim, heated seats, auto sensing wipers, etc. 3 year 36000 mile lease. MSRP 48,306 Actual cost: 43,587 Money factor 0.00245 Residual (53%)25,602 Drive off: 1137 Monthly payment: $742 Seems like a pretty good deal. Price is close to invoice. Any advice?
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