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Lexus RX 350 / RX 450h Lease Questions

1587 messages,  Last post on Dec 06, 2009 at 7:23 PM

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What is this discussion about? Lexus RX 450h, Lexus RX 350, Car Leasing, SUV

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#773 of 1587 1 - pay lease by nilay1 Nov 28, 2007 (8:33 am)
Hello Does anyone know the money factor and cap cost reduction on the 1-pay lease - for RX350 - w/premium plus package - I was being offered one with .00095 MF and 54% residual - for a 12K/36 mon lease Thanks in advance.
#774 of 1587 '08 RX 350 lease in NY/NJ by rostikb Nov 28, 2007 (7:12 pm)
hi everyone. i'm looking for the '08 RX 350 to lease for 36 months, 12K, premium plus with Navi, heated seats, rain-sensing wipers, mats, wheel lock, roof rack w/ cross bars, nothing down, tier 1 credit, $1400 at signing (first month, $600 bank fee, $215 paperwork & plates) for $585/month with tax included. how does that sound? should i try bargaining more and to what level?   by the way, does the premium plus w/navi also have back-up camera?   Thanks!!!!
#775 of 1587 Re: 08 RX 350 Lease & Trade - MN [jmjones99] by Car_man HOST Nov 29, 2007 (2:23 am)
Replying to: jmjones99 (Oct 30, 2007 8:04 pm) Hi Jim. Are you sure that the RX 350 that you are interested in has the Performance Package? I thought that was a $4,000 option. If one adds four grand to the $39,565 base MSRP of the '08 RX 350 AWD it comes to a lot more than $41,796. Hmmm. Anyhow, the '08 RX 350 AWD has a spread of at least $4,500 between its full MSRP and its dealer invoice price. You were quoted a discount of around $3,000. This isn't a bad offer. If you were in an area that has a high level of competition, like New York or California I would say that you can do better but I doubt that there is nearly as much competition in Minnesota so this may just be the going rate for this truck in your area.   As far as the money factor goes, Lexus just enhanced its lease program on the RX 350 as part of its annual December to Remember sales event. Its buy rate for it is now .00155 for consumers who qualify for its Tier 1+ credit tier. This is obviously a lot lower than the .00245 that you were quoted. Make sure that the dealer you are working with uses the new buy rate to calculate your monthly payment,   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#776 of 1587 Re: Lexus Rx 350 / Rx 400h Lease rates? - Nov 2007 [avgjoe1] by Car_man HOST Nov 29, 2007 (2:47 am)
Replying to: avgjoe1 (Nov 04, 2007 5:45 pm) Greetings avgjoe1. Lexus did enhance its lease program on these trucks. Last week it rolled out its annual December to Remember sales event. Lexus Financial Services' new buy rate lease money factors are .00155 for the '08 RX 350 and .00215 for the '08 RX 400h for consumers who qualify for its Tier 1+ credit tier.   If you are in an area that has a high level of competition, I suspect that you should easily be able to do $500 to $1,000 over the dealer invoice prices that are listed here at Edmunds.com on these trucks. In areas that have less competition, you may have to pay a little more than that. Make sure to stop by the "Lexus RX 350 Prices Paid and Buying Experience" and "Lexus RX 400h Prices Paid and Buying Experience" discussions to see how much other community members have paid for these trucks lately.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#777 of 1587 Re: RX400h lease questions [newbie23] by Car_man HOST Nov 29, 2007 (3:00 am)
Replying to: newbie23 (Nov 11, 2007 6:04 pm) Hi newbie23. This is absolutely a good time to lease an RX 350. In fact, it is probably the best time to lease one. December is usually a pretty time to purchase or lease a new vehicle as dealers are often motivated to blow vehicles out to make their annual numbers look better. On top of this, Lexus runs its biggest sales event of the year during December. Lexus Financial Services' new buy rate lease money factor for the 2008 RX 350 is .00155. It's .00215 for the '08 RX 400h.   As far as how much you should pay for these trucks goes, if you are in an area that has a high level of competition, I suspect that you should easily be able to do $500 to $1,000 over the dealer invoice prices that are listed here at Edmunds.com on these trucks. In areas that have less competition, you may have to pay a little more than that. Make sure to stop by the "Lexus RX 350 Prices Paid and Buying Experience" and "Lexus RX 400h Prices Paid and Buying Experience" discussions to see how much other community members have paid for these trucks lately.   I haven't crunched the numbers, but I suspect that a 48 month lease of either of these models would have a lower monthly payment than a 36 month lease would.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#778 of 1587 Re: 2008 RX330 [jim53] by Car_man HOST Nov 29, 2007 (3:18 am)
Replying to: jim53 (Nov 12, 2007 7:14 am) Hey jim53. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 RX 350 AWD without the entertainment system with 12,000 miles per year are .00155 and 56%, respectively for consumers who qualify for its Tier 1+ credit tier. I haven't looked into the details of LFS' multiple security deposit program in a while, but the last time that I checked it provided a .00010 reduction in vehicles' money factor for every additional deposit, up to a maximum of nine.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#779 of 1587 Re: 2008 RX 400h lease in OC [johndem1350] by Car_man HOST Nov 29, 2007 (3:34 am)
Replying to: johndem1350 (Nov 13, 2007 11:04 pm) Greetings johndem1350. I haven't seen this truck's specific lease program for your area, but in the areas that I have seen it for Lexus Financial Services' new December to Remember buy rate lease money factor and residual value for a 36 month lease of a 2008 RX 400h FWD without the entertainment system with 15,000 miles per year are .00215 and 53%, respectively for consumers who qualify for its Tier 1+ credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: johndem1350 (Dec 01, 2007 4:56 pm)
#780 of 1587 Re: November Update - RX350 [koberry] by Car_man HOST Nov 29, 2007 (3:51 am)
Replying to: koberry (Nov 20, 2007 8:37 am) You're very welcome, Ken. I'm glad that I have been able to help you out in the past. Let's see what we can do for you on your next lease. Lexus Financial Services' new December to Remember buy rate lease money factor and residual value for a 36 month lease of a 2008 Lexus RX 350 AWD without the entertainment system with 15,000 miles per year are .00155 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier. Navigation does not have any impact upon this vehicle's residual values, but the entertainment system does. The residuals for models that have the entertainment system are 2% lower than vehicles that do not have it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: koberry (Dec 04, 2007 6:04 pm)
#781 of 1587 Re: Money Factor & Residual on 2008 RX 350 FrontWD [amybwhite] by Car_man HOST Nov 29, 2007 (4:02 am)
Replying to: amybwhite (Nov 26, 2007 9:13 am) Here's the information that you're looking for, amybwhite. Lexus Financial Services' new December to Remember buy rate lease money factor and residual value for a 36 month lease of a 2008 RX 350 FWD without the entertainment system with 15,000 miles per year are .00155 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier.   Let's take a look at the selling price that you were quoted. You are being given a $3,468 discount on this truck. It probably has a spread of around $5,000 between its full MSRP and its dealer invoice price. If so, then the price that you were quoted is around $1,500 over invoice. That isn't bad, but if you are in an area that has a high level of competition I would not be surprised if you would be able to beat it by a little bit and do $500 to $1,000 over. Make sure to stop by the "Lexus RX 350 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar trucks lately.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: amybwhite (Dec 14, 2007 9:01 pm)
#782 of 1587 TO: Car-Man Question on Lease Quote by amybwhite Nov 29, 2007 (8:44 am)
Hi Car-Man! I really need your help. I posted once before & got no response, so I decided to send this to you personally hoping you would respond. I live in Alabama and have 3 options of dealerships in the State. I most recently got a quote on the 2008 RX 350 FWD. This is for the Basic SUV, Luxury Value Edition, Memory Drivers Seat, Rainsensing wipers, Towing Prep Package, Cargo Mat, Wheel Locks, Power Liftgate, 18" 5-spoke aluminum alloy wheels, with XM Radio included. MSRP was quoted as $40,878. Sales price given to me was $38,200. (36 month lease/15,000 miles per year) A .00175 Money Factor was quoted for Tier 1 (IS THIS TOO HIGH? I HAD BEEN SEEING .00155 ON SOME Of THE FORUMS), with a residual value of 54% (Again, is this the correct residual?....somewhere I read it should be 55%). 3% Lease Tax for Alabama. I was quoted a monthly payment of $595.31. Could I do better? I am wanting to purchase the 1st week of December, and COULD REALLY USE YOUR HELP AND KNOWLEDGE!!!!! THANKS!!!!!

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