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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


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#809 of 1582
Money Factor by fromboston
Dec 21, 2007 (8:50 pm)
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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)
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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)
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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)
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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)
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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.
#814 of 1582
Re: My deal on an RX350 lease [kendallcat] by tacomaboy
Dec 29, 2007 (7:22 pm)
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Replying to: kendallcat (Dec 29, 2007 5:55 pm)

Can you give more details? How many miles per year is this? That sounds like a great deal to me.
#815 of 1582
Re: My deal on an RX350 lease [tacomaboy] by kendallcat
Dec 29, 2007 (8:01 pm)
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Replying to: tacomaboy (Dec 29, 2007 7:22 pm)

The mileage is 12K a year for 3 years. For 15K in mileage it goes up to the high $520's. I was offered the deal a few days ago, but I was looking at another vehicle as well from a different brand. They started to change the numbers at the other auto brand so I walked away from the deal despite having taken the care home that night for the wife to see. We were 99% sure we were going to do the deal, but when I looked at the numbers I told my wife we can get a Lexus for that amount so I went back to Lexus to see where we were. Thanks for the feedback.
#816 of 1582
Re: My deal on an RX350 lease [kendallcat] by carlovernj
Dec 30, 2007 (10:22 am)
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Replying to: kendallcat (Dec 29, 2007 5:55 pm)

What is the list price (MSRP) on the car?
#817 of 1582
Re: My deal on an RX350 lease [carlovernj] by kendallcat
Dec 30, 2007 (5:58 pm)
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Replying to: carlovernj (Dec 30, 2007 10:22 am)

IIRC it was right at $42,000. From what I have read on this board it sounds like a good deal, and the dealership I went to needs to move some units before January 2nd so they are being aggressive.
#818 of 1582
Re: My deal on an RX350 lease [kendallcat] by carlovernj
Dec 30, 2007 (7:36 pm)
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Replying to: kendallcat (Dec 30, 2007 5:58 pm)

Thanks, I know how to calculate leases. I can let you know how good the deal is. Please let me know the following piesces of information:
 
List Price: $42,000 (is this the exact amount)
Purchase price: (this is part of the formula for how the lease is calculated.
Residual %: I think its 56% for 3yrs, 12k miles/yr.
State Tax %
 
With this information, I can let you know what the monthly amount should be. I would be interested to know close the purchase price is to the invoice price.

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