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Prices Paid: Buying & Leasing Experiences 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
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Replying to: marks1965 (Apr 22, 2008 4:43 am) |
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Car_Man- Got a quote today from a DFW Lexus dealer showing 62% residual for a 2009 350RX on a 3 year lease. Your prior post showed this for 24 month lease period and 56% for 3 year lease. Has this changed?
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I am in process of Leasing a RX 350 and this is the quotation that I got yesterday: '08 RX 350 FWD Premium Plus Navigation (any difference between an 08 and 09 navigation ????? as I see that '09 mentions a new generation (GEN 5) sytem????) RSES (dealer install option to the head rest) Other usual items that are pretty much standard MSRP ~48K Negotiated Price ~41K Lease Terms: $935 drive off (includes the 1st month and DMV, etc...) $563 (includes tax) for 47 more months 12K miles Is this is a good deal and does it sound right (for all the experts out there Thanks for all your help and this forum has been a HUGE help in our desicion process. |
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Replying to: gr8trfool (Apr 26, 2008 2:09 pm) |
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Replying to: vasco (Apr 28, 2008 9:50 am) '09 350RX FD Nav Premium Plus 18" 7 Spoke Wheels Rear Seat Ent Heated Seats w/RSW MSRP $45886 + $1000 for the dealer installed RSES Selling Price 38568 + taking over 2 of my last payment for the current lease from Volvo $1120 Total selling price $39688 +TT Residual was I believe at %56 and money factor was 0.00190 TOTAL Drive off $950 12K, 36 month lease  $593 (includes tax) Good luck and hope this serves as a guide for the new prespective buyers out there. |
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Just closed on lease. 2009 RX350 with premium, no nav. MSRP $41,116, dealer adds tinting front windows and a few other small goodies for no change in MSRP. $37,200 (invoice +/-$36,400). MF .00225. Dealer applied sales tax credits to lower effective sales tax rate for DFW area from 6.25% to 1.2% ($1825 savings to me). 36 month and 12,000/year. Residual 56% = $23024. Under $490/month. LFS financing. Paid the tax ($500, licensing $185) and $2100 (cap cost reduction) at signing. Also paid 1st payment. Possibly could have squeaked a few dollars more out, but one never knows. Couldn't get to .0019 MF (1% lower interest rate) referenced as the base rate. |
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Replying to: Car_man (Apr 23, 2008 1:52 am) So far, I've been quoted a money factor of .002 and a residual of 53%. Thanks in advance!
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From the Lexus website: link title Special Lease Offer Now through June 30th, special leases are available on the stylish RX and the technologically advanced RX Hybrid. For details, see your Lexus dealer. I'm specifically interested in the 2008 RX 400h, but the dealers I have spoken to in the past couple of days have told me the lease terms from LFS are not very good. MF of .002 and Residual of 53%. Doesn't seem very 'special' to me. For a 400h w/ Navigation in the NYC area, I've been quoted an MSRP of $50k and net cap cost of $46k. For a 36 month, 10k/year lease with no money down, I'm looking at monthly payments $750/month (including $58/month in sales tax). This seems pretty steep to me, but I'd definitely appreciate some input from others who may have recently leased a 400h or may have spoken to a dealer about current lease specials. Thanks. |
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Replying to: vasco (May 01, 2008 7:34 am) |
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I'm soon going to be in the market for a new RX350. I'm planning on leasing it. What are the current money factors for the lease and what are the residuals? I'm debating both 12 and 15k leases for 36 and 48 months (or something in-between). Are they standard numbers or do the dealers have wiggle room? I want to make sure I'm prepared when I walk into the dealership. Negotiating on the cost of the car is pretty straight forward, but I know that some dealers pad their profits with higher lease rates and lower residuals. Thanks. |
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