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Lexus RX 350 / RX 450h Lease Questions

1589 messages,  Last post on Dec 07, 2009 at 7:30 AM

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

What is this discussion about? Lexus RX 450h, Lexus RX 350, Car Leasing, SUV


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#937 of 1589
Re: Reasonable selling price of RX350 in Chicago area [carbuyer48] by gavrik
Jul 06, 2008 (7:06 pm)
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Replying to: carbuyer48 (Jul 03, 2008 7:20 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 1589
July MF and Residuals by doc22steve
Jul 23, 2008 (8:10 pm)
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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.
#941 of 1589
Re: RX350 AWD in New York [pooch2] by hazmarty
Jul 27, 2008 (11:48 am)
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Replying to: pooch2 (Jun 14, 2008 3:47 pm)

Lexus of Smithtown. Sorry I am so late replying, but I hadn't checked back here in a while
#942 of 1589
2009 Lexus RX Pebble Beach Edition by lundquit76
Jul 28, 2008 (9:58 am)
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I am currently leasing an 2005 RX 330 Thundercloud and I am a month-to-month extension. I'm also under my mileage allowance. The car has not hit 36K yet and is about 39 months now.
  
I have a quote from a dealership for the 2009 Lexus RX 350 - Pebble Beach Edition
  
The long and the short of it is...two options
  
$3,089 down with a payment of 498.00 per month (10K per year)
  
$3,146 down with a payment of $512.00 per month (12 K per year).
 
I really want 12K mileage, but like the $498 payment. They said these are my two choices and no other option. I know I probably won't go over the mileage but you never know what will happen in three years.
  
Any thoughts or comments would be appreciated.
#943 of 1589
oh boy! by gx470818
Jul 28, 2008 (1:25 pm)
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On one hand, why pay for something that you might never use. On the other hand, you are talking about extra $16 bucks per month over 36 month period, that's not a lot of money, if you can't pony up those 16 big ones then why drive a lexus.
#944 of 1589
Re: 2009 Lexus RX Pebble Beach Edition [lundquit76] by kyfdx HOST
Jul 28, 2008 (6:32 pm)
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Replying to: lundquit76 (Jul 28, 2008 9:58 am)

They said these are my two choices and no other option.
 
The dealer will structure it any way you want, as long as they get the same amount of money.
 
If you are fixed on the $498/mo. payment.. just tell them that you want that payment for the 12K/yr lease... They'll just take $14 X the term of the lease and add it to your upfronts...
 
So.. another $500-$700 upfront, and you have your payment..
 
I like to go with zero down.... but, if you are already putting $3100 upfront, another $500 isn't going to make any difference.
 
regards,
kyfdx
Host-Prices Paid Forums
#945 of 1589
Leasing an 08 Certified Lexus - please help by chuckjr
Aug 05, 2008 (8:08 am)
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I am hoping to get some clarity on leasing a certified pre-owned RX350 before I make a call to the dealer.
 
I made a call into Acura and the finance manager made a simple statement that leasing a previous model year car would not be worth the savings because of the lower residual.
 
Is this accurate or a moot point if I can get into an 08 for ~$32K, almost $10K below a new 09.
 
Any and all info or experiences would be appreciated.
 
interested in a 3 year with 12K miles a year (wife actually only drives about 8K a year).
What would be the lower residual factor and would the money factor be different? I called the lexus 800 number and they said to call a dealer.
 
thanks,
 
chuck
#946 of 1589
Re: July MF and Residuals [doc22steve] by Car_man HOST
Aug 08, 2008 (1:48 am)
Reply

Replying to: doc22steve (Jul 23, 2008 8:10 pm)

Hey doc22steve. According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor and residual value for a 48 month lease of a 2009 RX 350 AWD with navigation and 15,000 miles per year are .00145 and 44%, respectively for consumers who qualify for its Tier 1+ credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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