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Lexus RX 350 / RX 400h Lease Questions

1031 messages,  Last post on Nov 20, 2008 at 6:47 PM

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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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#733 of 1031 Get a Better Deal? by h2_hummer Oct 09, 2007 (12:35 pm)
Hey guys, newbie, so be nice.   Buying a 2008 RX350 with Nav, Heated Seats, 7-spoke wheels, Premium Plus, Tow prep, Cargo mat, wheel locks, MSRP=$44,416.   First dealer offer = $41,416 ($3000 off sticker). I know Invoice is $39,133. I am in Raleigh, NC, so only 1 dealer.   Anyplace in nearby states, where I might be able to get a better deal? I see some of you getting close to Invoice.   Thanks for any help.   regards...chris Replies to this message: smalkin (Oct 09, 2007 4:28 pm)
#734 of 1031 Re: Get a Better Deal? [h2_hummer] by smalkin Oct 09, 2007 (4:28 pm)
Replying to: h2_hummer (Oct 09, 2007 12:35 pm) In Los Angeles, my friend got the same msrp 2008 Rx350 for $ 5800 off !!!
#735 of 1031 Does This Lease Work? by carlovernj Oct 10, 2007 (6:46 am)
Thanks everyone - I have learned so much from this website.   I was just provided the below lease amounts for the RX 350 with prem plus, navigation, etc. When I calculate the lease, I am getting a monthly amount of $531.90. The dealer is showing $537.73. I am subtracting the Cap reduction from the negotiated price. Does that make sense?   Here is your break down from the dealer: List ............... $45866 Residual......... 58% Money Factor.. .00195 Selling Price .. $41452 Cap Reduction. $1618 Bank fee ........ $600 Registration ... $320 Doc Fee........ $198.50 Credit Bureau. $18.50 NJ Tire Tax ....... 7.50 1st Payment .....$537.73 Total out of pocket 3300.23 Replies to this message: Car_man (Oct 15, 2007 1:15 am)
#736 of 1031 What's a Good Deal? by hybrider Oct 10, 2007 (5:32 pm)
Car man,   I have been offered a deal on a 2008 Rx 400h AWD stickered at $49950 for $44500. I am looking for a 24 or 36 month lease, 15k miles and a $2500 down payment. What kind of payment should expect? I have excellent credit. Replies to this message: njdriver1 (Oct 11, 2007 4:59 am) hybrider (Oct 11, 2007 11:52 am) Car_man (Oct 15, 2007 1:22 am)
#737 of 1031 Re: What's a Good Deal? [hybrider] by njdriver1 Oct 11, 2007 (4:59 am)
Replying to: hybrider (Oct 10, 2007 5:32 pm) Where are you located? I was offered $47,000 for the same car. I have little negotiating power since there is no inventory in my area and we were very picky about color.   The lease deal I was offered was pitiful. 50% residual for 36mo and 15K per year resulted in $830 per mo. This doesn't even include the dealer installed options which can't get residualized (is that a word?).   We're high mileage types and are considering extending the warranty to 6 yr/70,000m for $1,650. If we weren't committed to a hybrid, I'd walk. Replies to this message: hybrider (Oct 11, 2007 11:52 am)
#738 of 1031 Re: What's a Good Deal? [njdriver1] by hybrider Oct 11, 2007 (11:52 am)
Replying to: njdriver1 (Oct 11, 2007 4:59 am) I am in Florida....the dealer is a friend. It looks like the lease deals are lousy right now. I might wait for the December deals.
#739 of 1031 Re: lease on 08 rx350 [rack_las_sa] by Car_man HOST Oct 12, 2007 (2:14 am)
Replying to: rack_las_sa (Sep 18, 2007 8:06 pm) Hello rack_las_sa. The truck that you described has a spread of around $5,000 between its full MSRP and its dealer invoice price. You never mentioned what this truck's MSRP is, but I would personally shoot for a $4,000 or so discount if I was in the market for one right now. You should be able to get a good idea of how much you will have to pay by stopping by the following discussion: "Lexus RX 350 Prices Paid and Buying Experience".   Once you have arrived at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using Lexus Financial Services' current buy rate lease money factor of .00195 (for consumers who qualify for its top credit tier).   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#740 of 1031 Re: Carman, need your help on RX400h lease terms [rostikb] by Car_man HOST Oct 12, 2007 (2:21 am)
Replying to: rostikb (Sep 19, 2007 7:06 am) Hi rostikb. "One Pay Lease" means that the entire cost of the lease is paid for in advance rather than with monthly payments.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#741 of 1031 Re: quote from southern california [03qx] by Car_man HOST Oct 12, 2007 (2:25 am)
Replying to: 03qx (Sep 19, 2007 4:40 pm) Here's the information that you're looking for, 03qx. This truck's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 RX400h AWD with 15,000 miles per year are .00255 and 54%, respectively for consumers who qualify for its top credit tier. The numbers for an otherwise identical lease of an '08 RX 400h 2WD are .00255 and 53%. Lexus is no longer providing lease support on the 2007 RX400h. You could lease one through LFS if you wanted to, but you would have to use its standard lease program.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#742 of 1031 Re: 2008 RX350 [leroybrown71] by Car_man HOST Oct 12, 2007 (2:34 am)
Replying to: leroybrown71 (Sep 25, 2007 10:43 am) Thanks leroybrown71. Lexus Financial Services' special lease money factor for the 2008 RX 350 is still .00195 for consumers who qualify for its top credit tier. Its October residual values for a base '08 RX 350 FWD with 12,000 miles per year are 57% for 36 month and 63% for 24 month terms.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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