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Lexus RX 350 / RX 400h Lease Questions

972 messages,  Last post on Oct 02, 2008 at 10:17 AM

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

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#611 of 972 Re: Got what seems to be a really bad offer... [tacomaboy] by richz Apr 29, 2007 (7:39 pm)
Replying to: tacomaboy (Apr 26, 2007 7:43 am) The residual and money factors are set by LFS, but the dealer is free to mark up the money factor. To make sure you're not getting marked up on the money factor you need to calculate your monthly payments yourself to see if the numbers work out right.
#612 of 972 My experience by hwyranger Apr 29, 2007 (7:43 pm)
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!! Replies to this message: sxylxy (Apr 29, 2007 7:57 pm) texash (May 11, 2007 10:09 am) Car_man (May 16, 2007 2:50 am)
#613 of 972 Re: My experience [hwyranger] by sxylxy Apr 29, 2007 (7:57 pm)
Replying to: hwyranger (Apr 29, 2007 7:43 pm) I got a similar deal (although it was 2wd) last year. Same exact payment! I will say this...after 10 months, I still absolutely love this vehicle. The smooth ride, the power, the gas mileage (28 on the freeway), and the Mark Levinson is the icing on the cake. Congratulations!
#614 of 972 400h residual? by billc112 Apr 30, 2007 (11:58 am)
I am interested in leasing a 2007 RX 400h for 3 years/ 36000miles. Does any one know the residual on this car? (53%?) Thanks Replies to this message: scotty14 (May 01, 2007 11:59 am) Car_man (May 16, 2007 2:53 am) Car_man (May 16, 2007 2:51 am)
#615 of 972 Re: 400h residual? [billc112] by scotty14 May 01, 2007 (11:59 am)
Replying to: billc112 (Apr 30, 2007 11:58 am) I was quoted yesterday a 52% residual in 36 months but that was for 45000 miles.   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. Replies to this message: Car_man (May 16, 2007 2:53 am)
#616 of 972 Lexus rx400h lease by scotty14 May 01, 2007 (12:12 pm)
Replying to: Car_man (Apr 18, 2007 2:27 am) Car man- 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.
#617 of 972 Is this a good deal? by billc112 May 02, 2007 (6:17 pm)
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? Replies to this message: scotty14 (May 02, 2007 7:27 pm) billc112 (May 02, 2007 8:23 pm) Car_man (May 16, 2007 2:56 am)
#618 of 972 Re: Is this a good deal? [billc112] by scotty14 May 02, 2007 (7:27 pm)
Replying to: billc112 (May 02, 2007 6:17 pm) That's a great deal compared to what my dealer has offered. I'm looking at AWD though. I'm a bit frustrated and probably going to wait until I move to Denver in a couple months. Where are you located out of curiosity? I'm at a disadvantage right now having only one dealer in the area. They seem to know it. Is your deal their "Sign and Drive"? How did you get such a good deal do you think? Replies to this message: billc112 (May 02, 2007 8:23 pm)
#619 of 972 Re: Is this a good deal? [scotty14] by billc112 May 02, 2007 (8:23 pm)
Replying to: scotty14 (May 02, 2007 7:27 pm) I am located in Southern California. I simply emailed the internet sales dept of several local lexus dealers and this is the best deal offered to me so far. I have not negotiated at all. I appreciate straight forward dealings, so, if no one else beats it, I will probably just give them their price as opposed to haggling for an additional couple of hundred dollars. I have yet to talk to any salespeople in person or by phone (other than the test drive) and plan to keep it that way if possible.
#620 of 972 Low Residuals on the 400H by billc112 May 02, 2007 (10:31 pm)
Just wondering if anyone else thinks 53% residual on 36month/36000mile lease is low. Maybe because its a hybrid?

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