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SUVs Lexus RX 300/330/350 Lexus RX 330 / RX 350 / RX 400h: Lease Questions
1582 messages, Last post on Dec 03, 2009 at 11:27 AM
You are in the Lexus RX 300/330/350 Forum. Your Hosts are steve_ & tidester
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Replying to: jacks2 (Sep 25, 2009 6:52 am) I haven't been checking this forum. But in case you still want to know, I'm in California. Sales tax is paid to the DMV when the new buyer registers his new car. The seller has no involvement. It was leased from LFS. It took LFS a few days to process the paperwork, and sent the pink slip out in 4 days I think. |
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I just started the buying process and rec'd the following for a 2010 AWD RX350: MSRP = 47518 Cap cost = 46000 Money factor = .00295 Residual = 62% Zero down Tier 1 credit 3 yrs / 12k 922 due at signing 771/mo Does this seem good, bad or avg? I'm not in a big rush, do you think terms will be better in Dec? |
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What has anyone heard about when this sale will start and whether and how the lease program for the RX will be improved for this sale? I haven't heard anything definitive from my dealer yet. They "hope" that the sale will start in a week or two, and they "think" that it will be worth the wait. Since the residuals are high and are locked through the end of the year, all they could do is reduce the money factor. There's a lot of room there and so something to hope for.
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Replying to: go_orange (Nov 04, 2009 7:47 am)
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Replying to: audilover18 (Nov 04, 2009 8:25 am)  60% for a 3 year term with 15,000 miles per year. By waiting a few months, I'll end up paying about $80 less per month for a vehicle that now costs more than before (they added an On Star-like system which upped the MSRP by $500 or so). That totals up to nearly 3 grand in savings over the course of the 3-year lease. Not bad.
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Replying to: go_orange (Nov 10, 2009 8:23 am) MSRP: $43,715 Sales Price: $39,547 ($300 below what is said to be dealer invoice) Term: 3 years Miles: 15,000 per year Money Factor: .00220 Residual: 60% bank fee ($700) and sales tax (7.375%) capitalized paying only first month's lease payment and DMV fees up front Monthly Payment: $581.66 Location: Metro NYC Area I found that it is easy to get offers at or about what is said to be dealer invoice, and with a little effort (playing dealers off against one another) they'll go below invoice. It seems at least in the Metro NYC area, the TMV is much lower than the Edmund's TMV (which I believe is a national average). |
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Replying to: go_orange (Nov 11, 2009 10:53 am)
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Replying to: jayrider (Nov 11, 2009 11:13 am) If you can do this, I would recommend it. I do not know what my payment would be without rolling in the tax (approx. $1,500), as paying the tax (or any substantial amount)up front on a lease is not an option that appeals to me. I look at it no differently than making a down payment on a lease. If the car is stolen or totaled the day after you take delivery, to use an extreme example, I believe that you'll be out the $2570 and starting over.
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Replying to: go_orange (Nov 12, 2009 7:42 am)  You also have a lot of lease brokers in nyc. The prices appear very competitive -- sometimes awsome. Swapalease seems to have a number of them advertising nice numbers.
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Replying to: jayrider (Nov 12, 2009 8:40 am) Thx
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