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Lexus RX 350 / RX 450h Lease Questions

1582 messages,  Last post on Dec 03, 2009 at 11:27 AM

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

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#959 of 1582 I think I've done good...tell me... by suemenot Aug 29, 2008 (9:37 pm)
2009 RX 350 Pebble Beach Ed. MSRP $47,196 Gross Cap = $41,533 (12% off MSRP)    add $600 Acquisition Fee    less $2780 - my down    less $1000 - dealer incentive/rebate Adjusted Cap = 38,352.96 56% Residual 36 Month Lease .00145 Money Factor = 3.48% 12,000 miles/yr    plus I paid another $720 in title, tax on cap red, doc fee $460.11/mo w/o tax $495.77/mo with tax (7.75%) Orange County, CA (so $3500 out of pocket total not including 1st mo pmnt)   Couldn't have done it without reading all of your recent posts. Thanks!!
#960 of 1582 Re: 2009 RX 350 AWD 3 year lease [car99] by snav Sep 01, 2008 (7:58 am)
Replying to: car99 (Aug 27, 2008 9:06 am) $500/month and 1500 inception fees for a car without navigation? These days, there is no market for a car without navigation in the entry-level luxury class. If you put no money down, that might work. Tell them you're not paying inception fees.   I picked up my 2009 RX 350 AWD PP+/Nav, etc. today,and I thought I was getting a great deal with $609/month, 0 money down with a 12,000 miles/36 month lease on a 46,241 MSRP vehicle.   Turns out the deal was even better! 15,000 miles/36 month lease for $600/month, 0 money down, 0.00145 MF, 56% RF!
#961 of 1582 Lease Terms by kramcar Sep 02, 2008 (5:13 pm)
I have a quote on a lease on the east coast as follows:   MSRP: 46,241 Selling Price: $40,750 (less $1,000 incentive for returning customers) Bank Fee: $600 MF. .00155 (or .00145 at best rate) Residual of 54% (assuming 3 years 45K miles)   I saw something online suggesting the residual was 56%. Can somebody confirm? Replies to this message: suemenot (Sep 10, 2008 11:50 am)
#962 of 1582 Re: 2009 RX350 AWD with Navigation [dglozman] by Car_man HOST Sep 10, 2008 (2:07 am)
Replying to: dglozman (Aug 21, 2008 11:27 am) Here's the information that you're looking for, dglozman. Lexus Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2009 Lexus RX 350 AWD without the entertainment system with 12,000 miles per year are .00145 and 56%, respectively. I have never seen a LFS lease with only 10,000 miles per year, but if it does offer leases with that low a mileage allowance, its residual values are probably 1% higher than its 12k residuals.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#963 of 1582 Re: Lease Terms [kramcar] by suemenot Sep 10, 2008 (11:50 am)
Replying to: kramcar (Sep 02, 2008 5:13 pm) The residual % will be lower if the miles are higher. I know the 56% residual relates to 12k miles/yr. It makes sense that if you plan on driving the car 15k miles/yr it will be worth less at the end of the lease than 12k/yr. So, 54% residual for 15k miles sounds right. Good job on the MSRP discount!! But watch out - you must mind your ultimate monthly payment. You should run the numbers through a lease calculator you can find online...because...the Dealer will stick other fees in on you and the only way you will know is to crunch the numbers yourself and plug in fees to arrive at the monthly payment they are proposing.
#964 of 1582 Pebble Beach Lease by bmkj Sep 23, 2008 (4:08 am)
Finally pulled the trigger. Picking up a Pebble Beach RX350 tonight. Here are approx figures, don't have paperwork yet as deal was done on the phone. MSRP - $47,396 Sell price - $40,900 Lease 36 months 10K miles/yr Residual - 57% Rolled in all inception fees (Lease fee, motor vehicle etc.) which was about $1100 Used multiple security deposit option (9 $500) to reduce money factor to .00073 Monthly payment - $500 Out of pocket is just first month of $500 and MSD (refundable) Replies to this message: yogibearsd (Sep 23, 2008 9:50 pm) bmkj (Sep 24, 2008 3:43 am) yogibearsd (Sep 26, 2008 1:20 am) Car_man (Sep 29, 2008 5:45 am) jossw (Sep 30, 2008 4:33 am) yogibearsd (Sep 30, 2008 3:56 pm) socalcpa (Oct 01, 2008 4:06 pm) and 1 more... jaodowd (Oct 10, 2008 3:31 pm)
#965 of 1582 Re: Pebble Beach Lease [bmkj] by yogibearsd Sep 23, 2008 (9:50 pm)
Replying to: bmkj (Sep 23, 2008 4:08 am) Hi BMKJ - Please share the dealership information because I am interested in the deal. Thank you. Replies to this message: bmkj (Sep 24, 2008 3:43 am) yogibearsd (Sep 26, 2008 1:20 am)
#966 of 1582 Re: Pebble Beach Lease [yogibearsd] by bmkj Sep 24, 2008 (3:43 am)
Replying to: yogibearsd (Sep 23, 2008 9:50 pm) See more info under the prices paid thread. Let me know if you need any other info. Replies to this message: yogibearsd (Sep 26, 2008 1:20 am)
#967 of 1582 Re: Pebble Beach Lease [bmkj] by yogibearsd Sep 26, 2008 (1:20 am)
Replying to: bmkj (Sep 24, 2008 3:43 am) Thank you. I appreciate the information.
#968 of 1582 Re: Pebble Beach Lease [bmkj] by Car_man HOST Sep 29, 2008 (5:45 am)
Replying to: bmkj (Sep 23, 2008 4:08 am) Congratulations on getting your new RX, bmkj. Thanks for taking the time to share the details of your lease with everyone, especially for including all of the important numbers. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride !   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: jossw (Sep 30, 2008 4:33 am) yogibearsd (Sep 30, 2008 3:56 pm) socalcpa (Oct 01, 2008 4:06 pm) jossw (Oct 02, 2008 9:17 am) jaodowd (Oct 10, 2008 3:31 pm)

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