Sign In Join 



Lexus RX 350 / RX 450h Lease Questions

1582 messages,  Last post on Dec 03, 2009 at 11:27 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


Messages Page 82 of 159
1
...
79
80
81
82
83
84
85
...
159
Prev
Next
Last
Go To Msg #
Search This Discussion

#804 of 1582
Re: money factor for Houston dealership was too high? [gotlogos1] by briegel
Dec 14, 2007 (9:28 pm)
Reply

Replying to: gotlogos1 (Dec 14, 2007 8:45 pm)

You essentially got the equivalent of the "December to Remember" promotion money factor (.00155) and paid the sales tax (rolled into the lease payment). They just played games with how they presented it to you.
#805 of 1582
Re: money factor for Houston dealership was too high? [briegel] by gotlogos1
Dec 14, 2007 (9:47 pm)
Reply

Replying to: briegel (Dec 14, 2007 9:28 pm)

Just to make sure we have FACTS here, to help us all...They spoke of L&M money and this was listed on the sales/lease contract as part of the fees.
 
They mentioned that Lexus, not them, was payin 5 percent of the sales tax. Subtracted from our 6.25 percent rate in Texas for new car purchases. They essentially aborbed about 1800.00. We paid the other 1.25 percent via the L&M fee itemization.
 
They started at .00255 at the one dealership in town and when we mentioned to the dealership that we eventually bought from that the other dealership offered .00225 money factor, they matched it with no questions.
 
Both dealers volunteered the sales tax promotion info so I don't think this was a sales gimmick/sleazy tactic ONE of the dealers used. I think it is a GIMMICK but somehow it comes from LFS and is either regional or national. The GIMMICK does seem to save you money but its playing games, confusing to the customer, I certainly would rather not play games.
 
I'm just curious if other purchasers this month were told about the sales tax promotion and what kind of MF they paid. I want to know if we way over paid on the MF. If so, I have issues with my local dealership. Of course it is contingent on what the bottom line out-the-door lease payment was...i.e. if they did indeed play games with numbers but we still got a good overall deal because they gave us a higher discount on the car, then ok, but I know next time I will be a much better informed lease customer.
#806 of 1582
Re: money factor for Houston dealership was too high? [gotlogos1] by briegel
Dec 14, 2007 (10:02 pm)
Reply

Replying to: gotlogos1 (Dec 14, 2007 9:47 pm)

That promotion must be regional. They (LFS) are getting the sales tax promotion covered by a higher money factor than is available in other parts of the country. It probably works out to be about the same.
#807 of 1582
Re: money factor for Houston dealership was too high? [briegel] by gotlogos1
Dec 14, 2007 (10:25 pm)
Reply

Replying to: briegel (Dec 14, 2007 10:02 pm)

Yes...I am thinking it must be regional as I don't see anyone here talkign about it...
 
They do mention that there is x amount of taxes and fees rolled up into the monthly payment. Bottom lin eis- if it is tax deducatible...you need ot be able to separate out that tax...
#808 of 1582
Re: RX 350 Lease in So Cal [socalguy61] by jules08
Dec 17, 2007 (10:22 am)
Reply

Replying to: socalguy61 (Dec 10, 2007 10:32 am)

Longo Lexus through their Internet dept (This is the 4th car my husband and I have bought/leased from Longo Internet dept.) I would recommend them for Toyota and Lexus. They don't tack on "paint protection" "lojack" or any "extras" as many of the other SoCal dealers seem to do. We have found the best price their, probably because they are the biggest dealer in SoCal.
#809 of 1582
Money Factor by fromboston
Dec 21, 2007 (8:50 pm)
Reply
Does anyone know if the 400h qualifies for the Dec to Remember lease money factor of .00155 posted elsewhere on these forums. I am being told the mf for the hybrid is .00275 and that the lower mf is only for the gas RX. I am getting a good discount off MSRP of $3,000. Thanx!
#810 of 1582
Re: money factor for Houston dealership was too high? [gotlogos1] by fromboston
Dec 21, 2007 (8:52 pm)
Reply

Replying to: gotlogos1 (Dec 14, 2007 9:47 pm)

briegel, was this money factor on a 400h or the gas RX? Thanx, John
#811 of 1582
Re: money factor for Houston dealership was too high? [fromboston] by briegel
Dec 21, 2007 (8:55 pm)
Reply

Replying to: fromboston (Dec 21, 2007 8:52 pm)

My understanding is that the .00155 money factor is for the RX 350...the 400h money factor is .00215. These are both for Tier-1+ credit.
#812 of 1582
Re: money factor for Houston dealership was too high? [briegel] by fromboston
Dec 21, 2007 (9:03 pm)
Reply

Replying to: briegel (Dec 21, 2007 8:55 pm)

Thank you so much! I thought I was getting taken!
John
#813 of 1582
My deal on an RX350 lease by kendallcat
Dec 29, 2007 (5:55 pm)
Reply
I just got back from the dealership and here is the offer they made to me on a 36 month lease on a new RX350 - I wanted to see what everyone thought concerning if this was a good deal or not. The deal is for $507 a month, and I am paying the first month, lic, fees.. in the amount of $1500 to sign and walk away with the vehicle. The money factor is good at .00135, and I have not seen any deals as good as this one. The only caveat is that I have to do it by the 2nd of January. Any thoughts would be appreciated.

Messages Page 82 of 159
1
...
79
80
81
82
83
84
85
...
159
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement