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Lexus RX 350 / RX 400h Lease Questions

972 messages,  Last post on Oct 02, 2008 at 10:17 AM

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

What is this discussion about? Lexus RX 330, Lexus RX 350, Lexus RX 400h, Car Leasing, SUV


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#917 of 972
Lease 2008/2009 in Wisconsin by rwschill
May 15, 2008 (10:11 am)
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Looking for RX350 in Wis/Minn area. Who has best prices in this area - Minn, Appleton, Milwaukee, and Madsion? Is it better to lease a 2008 or 2009 now?
Thanks
#918 of 972
Re: Car man: April MF & residual please [gx470818] by Car_man HOST
May 19, 2008 (2:10 am)
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Replying to: gx470818 (Apr 23, 2008 9:00 am)

Hi gx470818. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 RX 400h AWD without the entertainment system with 15,000 miles per year are .00200 and 50%, respectively for consumers who qualify for its "Tier 1+" credit tier.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#919 of 972
Re: New RX 350 Lease in Southern California [vasco] by Car_man HOST
May 19, 2008 (2:14 am)
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Replying to: vasco (May 01, 2008 8:34 am)

Congratulations on getting your new RX, vasco. Thanks for taking the time to share the details of your lease with everyone. Real world examples like this are always helpful to others who are in the market for similar vehicles. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your new ride .
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#920 of 972
Re: Car man: May MF & Residual please [gza001] by Car_man HOST
May 19, 2008 (2:23 am)
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Replying to: gza001 (May 02, 2008 2:40 pm)

Hey gza001. According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Lexus RX 400h AWD without the entertainment system with 10,000 miles per year are .00200 and 53%, respectively...just like you were quoted.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#921 of 972
Re: Lease questions [ks_man] by Car_man HOST
May 19, 2008 (2:27 am)
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Replying to: ks_man (May 13, 2008 6:40 pm)

Here's the information that you're looking for, ks_man. Lexus Financial Services; current 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 .00190 and 54%, respectively for consumers who qualify for its "Tier 1+" credit tier. The numbers for an otherwise identical 48 month lease are .00190 and 44%. If you were to lease with only 12,000 miles per year, these residual values would be 2% higher. These are the lowest money factors that dealers can charge on this truck, but dealers can mark-up money factors to add additional hidden profit to deals.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#922 of 972
Re: Lease questions [Car_man] by ks_man
May 19, 2008 (5:49 pm)
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Replying to: Car_man (May 19, 2008 2:27 am)

Thanks for that very helpful info Car_man. I'll let you know how it goes at the dealership (unfortunately I live in the very lease unfriendly state of Illinois but I can't really change that).
 
Am I correct in assuming that Lexus Financial keeps the same money factors for the entire month and so the ones you posted were for May? I remember that was how BMW did it.
 
Also you say the dealers can mark-up money factors but are they allowed to lower residual values as well or are those pretty much set in stone? Thanks again.
#923 of 972
Re: Lease questions [Car_man] by fabb
May 20, 2008 (7:47 am)
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Replying to: Car_man (May 19, 2008 2:27 am)

Thanks for the useful data here Car_man. My question is fo the 2008 RX 400h in WA state. Would I use the same money factor/residual with the dealers here? And do you have the 48 month data on MF and Residual?
 
I have the deal at 46850 for price (50031 msrp) with NV, PT, HH, FT, WU, TO options. The residual they are offering on 36 is 53%, but on 48 mo its 42%. The best monthly after $7K down is 629 (48mo) and 633 (36 mo). Seems high (about 20-30 high).
 
Thanks in advance.
#924 of 972
Lease factors for 2008 RX400h - Charleston? by pjw6nmke2d
May 28, 2008 (2:34 pm)
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My wife would like to lease a 2008 RX400h for 3 years with 12,000 miles per year. Does anyone have any lease factors/residual values that would apply in this situation?
 
I apologize if I missed this information in an earlier posting.
 
Thank you in advance.
 
pwilkie
#925 of 972
Re: New RX 350 Lease in Southern California [vasco] by fromage
Jun 05, 2008 (1:33 am)
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Replying to: vasco (May 01, 2008 8:34 am)

Vasco- may I ask where you leased? My quote on the RX350 is as follows
 
2009 RX350 FD reasonably loaded but no Nav, no ML
Selling price 38,574
36 months with 2000 down $610/mo, 48 months with 2000 down $579/mo all at 10 K
 
Seems as though there is a somewhat better deal out there...I want to be under $600 total/month and stay at 36, and certainly put less down if possible...many thanks
#926 of 972
RX350 AWD in New York by hazmarty
Jun 05, 2008 (10:15 am)
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Just picked up our 2009 RX350 AWD last Saturday. It includes Premium Plus, Heated Front Seats/Rain Sensing Wipers, Liquid Graphite 18" Wheels, Towing Package, Cargo Mat, and Wheel Locks.
 
36 Month Lease with 12K miles per year
 
MSRP = $43,331
Invoice = $38,298
Sell Price = $38,910
 
Residual = 56%
MF = 0.0165 (previous Lexus leasee)
 
Monthly Payment = $511
 
Paid on Delivery: Sales Tax = $1639 (8.625%), Lease Fee =$600, First Month = $511, Procees/Inspection/Tire Fees = $68

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