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Lexus RX 350 / RX 400h Lease Questions

936 messages,  Last post on Jul 03, 2008 at 8:20 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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#872 of 936 Re: RX350 Lease Question [srose4] by Car_man HOST Mar 06, 2008 (4:38 am)
Replying to: srose4 (Feb 02, 2008 7:51 pm) HI srose4. The best way to get a good deal on a lease is to shop around and negotiate as low a selling price as possible on the vehicle that you want and then have the dealer that you decide to go with calculate your monthly payment using your vehicle's buy rate lease money factor. You never mentioned what this truck's MSRP or selling price are, so it is difficult to say how good a deal it is. You are in an area that has a decent level of competition. If I was in the market for an RX in your neck of the woods right now, I personally would shoot for a selling price of $500 over invoice and see what happens. You can look up the dealer invoice price of the exact RX that you want by visiting the New Vehicle Pricing section of Edmunds.com.   Once you arrive at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using a money factor of .00145. This is LFS' buy rate for a 39 month lease of an '08 RX 350 leased by someone who qualifies for its top credit tier in your area right now.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#873 of 936 Re: february MF and residuals [jebell] by Car_man HOST Mar 06, 2008 (4:50 am)
Replying to: jebell (Feb 04, 2008 9:01 am) Hi jebell. What part of the country are you in? This matters because Lexus' lease program for the RX 350 often varies by region. In the Eastern U.S., where a lot of the recent posters in this forum seem to be from, Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 RX 350 AWD with navigation, but without the entertainment system with 12,000 miles per year are .00145 and 53%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: jebell (Mar 06, 2008 6:51 am) Car_man (Mar 07, 2008 3:20 am) jebell (Mar 07, 2008 7:03 am)
#874 of 936 Re: RX400h lease? [peterman] by Car_man HOST Mar 06, 2008 (5:03 am)
Replying to: peterman (Feb 14, 2008 6:18 am) Hi peterman. The lease payment for the truck that you are interested in will vary depending upon what its MSRP and selling price are. I will work up a sample lease payment for you using an MSRP of $45,505 and a selling price of $41,104 ($500 over invoice). According to my calculations, if you were to lease a 2008 Lexus RX 400h AWD without the entertainment system with these options through Lexus Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $637. This will give you a ballpark idea of what to look for when shopping.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#875 of 936 Re: february MF and residuals [Car_man] by jebell Mar 06, 2008 (6:51 am)
Replying to: Car_man (Mar 06, 2008 4:50 am) Thank you. I live in NE NJ. Yesterday a Lexus dealer told me the buy rate is .00145 and residual of 55%. He also said the rate with Haan financial was .00245 with a residual of 55% but with Hann he would sell the car for $2420 less so the monthly rate would be $39 less. MSRP $45866. Selling price with LFS $41900 and with Hann $39480. Only other difference is a $495 disposition fee with Hann. BTW, doc fee is $249 which is high. The 09s are on the lots-are the MF and residuals the same for a like equiped car? The MSRP is $115 higher for the 09RX350AWD with Nav,prem plus, no entertainment. Replies to this message: Car_man (Mar 07, 2008 3:20 am) jebell (Mar 07, 2008 7:03 am)
#876 of 936 Re: february MF and residuals [Car_man] by lgarnes Mar 06, 2008 (9:20 am)
From what dealer? Replies to this message: jebell (Mar 07, 2008 6:57 am)
#877 of 936 350 or 400H by gx470818 Mar 06, 2008 (9:44 pm)
Could you people please specify whether it's RX350 or 400h when you mentioning pricing info here? It get very confusing when you don't. Thank you.
#878 of 936 RX400h price by gx470818 Mar 06, 2008 (9:48 pm)
I'm in the market for a 400h, a so cal dealer has qoute me a price for a loaded 2008 2-wheel drive for $44,900, is this a decent price? Obviously these is still more room for bargaining but is these guy being sincere? Thanks in advance. Replies to this message: Car_man (Mar 07, 2008 3:25 am) gx470818 (Mar 07, 2008 10:26 pm) gx470818 (Mar 12, 2008 5:39 pm)
#879 of 936 RX350 FWD Lease question by iceburnztt Mar 07, 2008 (2:44 am)
I'm aware that right now there is a $2000 dealer incentive on 08 rx350's so what im trying to find out is how likely my scenario is to being possible.   I was hoping to haggle down the car which has a msrp of 44,000 to 38,000 which is 1k below the invoice. Have many people had luck getting the full 2k under invoice in light of this incentive?   Secondly, I've been told that it's best to establish the price of the car and once you have an offer inform them that you are wanting to do a lease on the figure determined. How likely are they to work a lease out for 1k under invoice? I see that a stipulation of the Dealer incentive is that it can not be combined with another LFS lease offer but assuming i dont mind not qualifying for the lease offer can i just focus on the dealer incentive?   Lastly, I havent really dealt with a lease before but what is the minimum otd you can achieve assuming top tier credit? I'm guessing at least 1st months payment + acquisition fee but I can't find anywhere that tells me exactly. Thanks for all the help sorry if the questions seem novicelike. Replies to this message: Car_man (Mar 07, 2008 3:38 am)
#880 of 936 Re: february MF and residuals [jebell] by Car_man HOST Mar 07, 2008 (3:20 am)
Replying to: jebell (Mar 06, 2008 6:51 am) No problem, jebell. The reason that the dealer can sell you the RX that you are interested in for less money if you lease it through an independent bank instead of Lexus Financial Services is that Lexus is providing $2,000 dealer cash on it right now. This cash is not compatible with the special LFS lease program, but you would be able to take advantage of it if you lease through an independent bank.   Lexus is not currently providing any support on the 2009 RX. It is focusing its support on the remaining leftover 2008 models to help dealers clear them off of their lots. As a result, if you were to lease an '09 RX through LFS you would have to use its standard lease program. Its buy rate standard money factor for a 36 month lease is .00235 for Tier 1+ customers in your area right now. You definitely would be much better off going with the '08 model.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: jebell (Mar 07, 2008 7:03 am)
#881 of 936 Re: RX400h price [gx470818] by Car_man HOST Mar 07, 2008 (3:25 am)
Replying to: gx470818 (Mar 06, 2008 9:48 pm) Hi gx470818. It's difficult to say whether the selling price that you were quoted for the 400h that you are interested in is attractive without knowing with its full MSRP, or better yet its dealer invoice price is. You can look up that information by visiting the New Vehicle Pricing section of Edmunds.com. Let us know what either or both of these numbers are and I am sure that someone here will share their thoughts on your deal with you.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: gx470818 (Mar 07, 2008 10:26 pm) gx470818 (Mar 12, 2008 5:39 pm)

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