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SUVs Lexus RX 300/330/350 Lexus RX 330 / RX 350 / RX 400h: Lease Questions
1592 messages, Last post on Dec 07, 2009 at 11:42 PM
You are in the Lexus RX 300/330/350 Forum. Your Hosts are steve_ & tidester
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Replying to: Car_man (Sep 17, 2009 2:35 am) the only problem is, what I was told by the dealer, that .00215 MF is only if you are coming off from Lexus lease. I own 2004 RX. I was told that I will get .002550  Do you know if i was "misinformed"?
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Replying to: Car_man (Sep 17, 2009 2:35 am) The new residual makes about a $40 difference on RX350 AWD nav/ 36/10 lease. Still holding off for a while. Any December to Remember rumors?
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I've been waiting for the lease program to get better on the RX. I'm seeking a 3 year, 15K/year lease. Today I got good news from my local dealer. Lexus just raised the residual from 57% to 60%. My lease quote dropped about $50, even though the MSRP of the vehicle is now $450 higher than before (it now comes with the Lexus version of BMW Assist). It's probably enough of a movement to get me off of the sidelines. I feel that the residual is probably now as aggressive as it gets, especially for a SUV! The money factor (which stayed the same) could certainly be a lot better, but I have no idea if and when that would happen. And if they do reduce the money factor, they might reduce the residual. The timing of this long awaited breakthrough surprises me. Why would Lexus improve the lease program on the RX immediately after their summer sales event rather than doing it in time for the sales event? Also strange to me is that the residual would go up as we get later in the 2010 RX model year. I don't understand this movement, but I'm not complaining.
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Replying to: dglozman (Sep 17, 2009 8:33 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: jacks2 (Sep 17, 2009 2:25 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: go_orange (Sep 17, 2009 6:11 pm) Lexus recently decided to boost all of its residual values, for Toyotas, Scions, and Lexi (is that the plural of Lexus?  ) for the fourth quarter. The company just decided that now is the time for it to get aggressive and try to boost its market share. Combined with additional spending on advertising, Toyota is going to spend a total of a billion dollars on marketing during Q4. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Sep 18, 2009 1:48 am) I have a Honda Pilot coming off lease in Oct, but I could extend the lease a couple of months to see if the money factor will go down. I might just do that, if my wife would not be too disappointed waiting a little longer to get a new RX. |
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Replying to: Car_man (Sep 18, 2009 1:48 am) Thanks for the heads up. Two internet sales managers I spoke to claim the 3% residual value bump is valid until the end of September thus encouraging a transaction within the next two weeks. I find Ironic everyone seems to have a manager title when it comes to internet sales and I find it hard to believe dealerships are left in the dark about upcoming promotions / factory incentives. Thanks again J2
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Car man Is the .215 customer loyalty money factor set in stone or can a dealership lower it? Thanks again J2
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Car_man, never leased car before. Is it better to lease new than used? It is 3 year better than 4 ? What should I expect from 2009 rx350 with Nav, sticker $37899. TMV, mf factor, residual for 15k per year? any helps are very much appreciated. Hope to ge car by this weekend. Thanks
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