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Lexus RX 350 / RX 400h Lease Questions

1031 messages,  Last post on Nov 20, 2008 at 6:47 PM

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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#923 of 1031
Re: Lease questions [Car_man] by fabb
May 20, 2008 (6:47 am)
Reply

Replying to: Car_man (May 19, 2008 1:27 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 1031
Lease factors for 2008 RX400h - Charleston? by pjw6nmke2d
May 28, 2008 (1:34 pm)
Reply
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 1031
Re: New RX 350 Lease in Southern California [vasco] by fromage
Jun 05, 2008 (12:33 am)
Reply

Replying to: vasco (May 01, 2008 7:34 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 1031
RX350 AWD in New York by hazmarty
Jun 05, 2008 (9:15 am)
Reply
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
#927 of 1031
Re: Lease questions [fabb] by Car_man HOST
Jun 11, 2008 (2:39 am)
Reply

Replying to: fabb (May 20, 2008 6:47 am)

You're very welcome, .fabb. I believe that Lexus Financial Services' buy rate lease money factor of .00200 for Tier 1+ customers is available in all of its regions...at least it was the last time that I checked. This factor is available for 48 month leases as well. The 48 month residual value that you were quoted looks right to me.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#928 of 1031
Re: Lease factors for 2008 RX400h - Charleston? [pjw6nmke2d] by Car_man HOST
Jun 11, 2008 (2:41 am)
Reply

Replying to: pjw6nmke2d (May 28, 2008 1:34 pm)

Hi pwilkie. According to the latest information that I have seen, if you were to lease a base 2008 Lexus 400h 2WD through Lexus Financial Services for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value would be .00200 and 51%, respectively...assuming that you qualify for its Tier 1+ credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#929 of 1031
Re: RX350 AWD in New York [hazmarty] by Car_man HOST
Jun 11, 2008 (2:48 am)
Reply

Replying to: hazmarty (Jun 05, 2008 9:15 am)

Congratulations on leasing your new RX 350, hazmarty. Thanks for taking the time to share the details of your deal with everyone. Real world examples like this are always helpful to others who are in the market. Make sure to stop by the Edmunds.com Dealer Ratings & Reviews section to share your thoughts on your recent dealer experience as well. Enjoy your new ride .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#930 of 1031
Re: RX350 AWD in New York [hazmarty] by pooch2
Jun 14, 2008 (3:47 pm)
Reply

Replying to: hazmarty (Jun 05, 2008 9:15 am)

Hazmarty thanks for the info that sounds like a really great deal do you mind if i ask which dealer in NY? I am looking to lease within the next month the only one I have heard from is prestige in NJ but I have not receive any figures yet. Thanks for any help.
#931 of 1031
Reasonable selling price of RX350 in Chicago area by gavrik
Jun 18, 2008 (3:49 pm)
Reply
Hi,
 
we are in the process of getting a 36-mo. lease on RX350 w/ Premium Pkg, Heated Seats, Towing Pkg, Cargo Mat and Wheel locks (MSRP $41911). We just went to one place here north of Chicago and the dealer offered cap cost $39200 right off the bat. Residual: 56% and money factor of 0.0016
 
What is the reasonable counter-offer I can make? I believe invoice price comes out just slightly under $37k.
 
Also, are there any cash incentives for current Lexus owners ('05 ES330)?
 
Thanks.
#932 of 1031
Lease Factors in South Florida by drivinggreen
Jun 23, 2008 (9:12 am)
Reply
I am currently looking to lease a 2008 Lexus 400h AWD for 36 months, 15,000 miles in Broward County, Florida (South Florida). Three questions:
 
1. The dealership offered me a base price of $41,280. Is this a good price? Kelly Blue Book Value for the car is around $37,500. Can I realistically expect something closer to that for a base price?
 
2. Their Residual Value is 49% and their Base Money Factor Rate is around .00190. Is this correct, or are they just blowing (lower emission) smoke?
 
3. I am strongly considering making one lump sum payment to cover the entire lease. Since they will be getting all of their money up front, will this lower the price of the lease by eliminating the interest?
 
Please advise. Thanks very much.

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