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Lexus RX 350 / RX 400h Lease Questions

947 messages,  Last post on Aug 19, 2008 at 7:15 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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#930 of 947
Re: RX350 AWD in New York [hazmarty] by pooch2
Jun 14, 2008 (4:47 pm)
Reply

Replying to: hazmarty (Jun 05, 2008 10:15 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 947
Reasonable selling price of RX350 in Chicago area by gavrik
Jun 18, 2008 (4:49 pm)
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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.
#932 of 947
Lease Factors in South Florida by drivinggreen
Jun 23, 2008 (10:12 am)
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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.
#933 of 947
Re: New RX 350 Lease in Southern California [vasco] by travispete
Jun 25, 2008 (9:36 am)
Reply

Replying to: vasco (May 01, 2008 8:34 am)

May I ask what dealership you leased your vehicle from? Thank you.
#934 of 947
RX400h Lease Deal by sawjai3
Jun 25, 2008 (5:18 pm)
Reply
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?
#935 of 947
Re: Reasonable selling price of RX350 in Chicago area [gavrik] by gavrik
Jun 26, 2008 (10:26 am)
Reply

Replying to: gavrik (Jun 18, 2008 4:49 pm)

After several trips to local Lexus dealerships, we found the exact vehicle we wanted (colors, options, etc) and took the delivery this morning in order to beat the $300 increase which is coming shortly.
 
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.
#936 of 947
Re: Reasonable selling price of RX350 in Chicago area [gavrik] by carbuyer48
Jul 03, 2008 (8:20 pm)
Reply

Replying to: gavrik (Jun 26, 2008 10:26 am)

Can you please provide the details of your lease and the dealer. We are in the market and need to get the RX350 soon.
#937 of 947
Re: Reasonable selling price of RX350 in Chicago area [carbuyer48] by gavrik
Jul 06, 2008 (8:06 pm)
Reply

Replying to: carbuyer48 (Jul 03, 2008 8:20 pm)

We were able to agree on a fair deal with Woodfield Lexus. MSRP: $41911 (common configuration in our area, no navigation). Sale price: $37,400 (about $500 over invoice)
 
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.
#939 of 947
July MF and Residuals by doc22steve
Jul 23, 2008 (9:10 pm)
Reply
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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