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Lexus RX 350 / RX 400h Lease Questions
947 messages, Last post on Aug 19, 2008 at 7:15 PM
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Replying to: hazmarty (Jun 05, 2008 10:15 am)
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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.
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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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Replying to: vasco (May 01, 2008 8:34 am) |
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This is what a dealership in N. Cal offered: MSRP: $51875 My Price: $47863 Down: $1250 Factor: .21 Payment: $755.31 + $62.31 (tax) = $817.62 per month 36 mth lease 52% residual I had another dealership offer $679 + tax for a nav car 12k 36 mth lease, but hasn't given me the final breakdown on due at signing, residual, and factor. Seems like in this instance I probably would have to put a hefty down payment, which wouldn't make a whole lot of sense. What are your thoughts? |
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Replying to: gavrik (Jun 18, 2008 4:49 pm) My local dealer and I have agreed on the price: around $500 over invoice. I also used my $500 rebate check from Lexus to get the price down. Overall, a pleasant experience. Took about an hour to sign and drive off.
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Replying to: gavrik (Jun 26, 2008 10:26 am)
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Replying to: carbuyer48 (Jul 03, 2008 8:20 pm) Residual: 56% Money factor: 0.0016 Term: 36 months, 12k, no money down Monthly: $577 (includes tax) Cost out the door: $577+$600 acquisition Lexus has increased the price of their vehicles by $300, so use that value in your calculations. Also, if you are a previous Lexus customer, have them check if your name is on the list. You may get another $500 as Lexus customer. We were, so they deducted this amount from our out the door cost. |
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Hey Car_Man, Can you please help me with the mf and residuals for an 09 RX 350 AWD with navigation in Northern California for a 4 yr lease? Thanks.
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