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SUVs Lexus RX 300/330/350 Lexus RX 330 / RX 350 / RX 400h: Lease Questions
1589 messages, Last post on Dec 07, 2009 at 7:30 AM
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I got my wife's 07 RX350 in November of 2006 with 9 MSDs. There were some people who were concerned that the MSDs will not be refunded properly. I just paid for and sold the RX350, and the refund from Toyota Financial showed up in less than a week. I must say that was a very good use of the $4,050, since it lowered my monthly payment by $60 for almost 3 years, and I got all of it back with no hassle. Also, I was able to sell the car for around $2,200 higher than the payoff amount. It's unusual that you can sell a leased car (especially a SUV these days), for more than the payoff amount, but I was able to sell it within a week. There were alot of interest in the car. The dealer (not the one I purchased from and consequently not the one I would have returned the SUV to) also wanted to price it out, and pay me any equity over the payoff amount, but I'm sure their offer would've been less than what I was able to sell it for on Autotrader. So, if your lease is coming up, and you don't mind selling it on your own, it might be worth your while to give it a try. The net profit paid for all the out the door fees, including the first month's payment, for my wife's next car.
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Replying to: 4barbara (Aug 24, 2009 5:24 pm) |
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Hi all Have 2007 RX coming off - got 3 month waiver cert. I'm over mileage - want to act quickly. What is the best you think i should be able to do? AWD, Navigation SRP for this? $ off SRP? Money factor? Monthly payment? Is it helpful buying edmund invoice details to get best deal? Current Summer promotion mean anything? Thanks. Josh
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Replying to: joshuap (Aug 28, 2009 4:05 am) Unfortunately, the RX is not really "on sale" as part of the Golden Opportunity summer sales event. There is no lease support and there are no incentives. The 2010 is the first year of the new generation of RX and it seems that it is for now still selling well enough where Lexus doesn't have to do anything special financially to boost or maintain sales volume. Money factor is a rather high .00255, though you (not me) could get a not too bad .00215 as a returning customer. Also, if you live in NJ or CT, you could further lower the money factor by making multiple security deposits. I live in NY where MSDs are not allowed . . . The good news is that the dealer was offering a substantial discount off of MSRP. In my case, my lease offer was based on a sale price of $39,918 on a RX with a MSRP of $43,265. It was several hundred dollars below Edmunds TMV. I'm waiting for the winter sales event, hoping for lease support at that time. Or, if we catch a break before then, I'm ready to seize the opportunity.
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Replying to: go_orange (Aug 28, 2009 6:02 pm) |
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Replying to: davidd3 (Aug 14, 2009 5:08 am) The best I can find this week for customer loyalty is money factor .215 res. 60 on a RX350 AWD/nav 36/10 lease. What is involved in extending a current lease a month or so?
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Replying to: jacks2 (Sep 16, 2009 10:11 am) Here is hoping we see leasing support before then or I will have to beg for one more month. I extremely under my mileage, one more month isn't going to hurt the value of the vehicle, I will cross that bridge when I need to. |
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| What are the current MF and Residual value for 36 month lease AWD with Navigation? | |
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Replying to: dglozman (Sep 16, 2009 12:04 pm) |
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Replying to: dglozman (Sep 16, 2009 12:04 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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