Last post on Nov 23, 2013 at 5:27 AM
You are in the Lexus RX 300/330/350
What is this discussion about?
Lexus RX 450h, Lexus RX 350, Car Leasing, SUV
#2497 of 2763 Need help with RX 350 F Sport lease
Nov 30, 2012 (5:25 pm)
I am a newbie and need your help. I know the quote I got for a 36 month lease is bad, but what should it be and what are the key numbers (ie. dealer invoice, money factor, residual %, etc) I need to get through to the dealer and prove its too high?
The car has MSRP of $52,184 (which includes $895 of delivery & handling) and 10,000 miles. For 36 month lease I was quoted $638/mo with $0 down but $3,950 COD for taxes, registration, title, first month, and bank fee.
Please help me out. Thanks!
#2498 of 2763 Leasing RX 350 in Southern California
Dec 01, 2012 (12:21 am)
Dear Car Man,
I have just started making calls to lease a RX350.I spoke to LFS today about residual rates for 27 and 36 month leases.They told me they do not set the rates,and that the dealer does that.
The dealer told me the opposite,that LFS sets it and they have no control over it. What's your experience?
I see you have posted a.61 residual for tier 1 credit at 36 months 12K........I was curious about the higher rates in earlier posts (68%) for 27 months 10K...........are they real?
I'd appreciate any feedback from you or anyone else that may know.
#2499 of 2763 Fees for RX 350 AWD
Dec 01, 2012 (12:17 pm)
Can you tell me what fees Lexus is asking for on this car to drive it off the lot? I'm helping negotiate for a friend. Having just negotiated on a BMW X5 for myself, I know there are markups on the bank fee and doc fee. Are there similar markups on Lexus fees? Just want to be sure I've got all the profit centers figured out so I know where to negotiate.
#2500 of 2763 First time leasing
Dec 01, 2012 (11:05 pm)
Great information on this forum. I am interested in the RX AWD MSRP $46,780
I did not lease a car before and I am not sure how the math works yet. The LFS deal now is almost 4k down and $429/month for 27 month. I was thinking to negotiate my way out of this down payment and pay taxes, reg and fees out of pocket which will come out to about $1,750 ($700 bank fee + $339 doc fee) Do you think it would be possible? would you consider it to be a good deal?
Am i better off negotiating the price where I can probably get it for around 41k? what would be my payment then with 6% tax for 27 month 10k miles?
I read on other posts that the residual value is 68% money factor 00.00100 for the 27 month. Would it hurt if I decided to buy the car at the end of the lease?
#2501 of 2763 Re: Lexus RX 330: Lease Questions [Car_man]
Dec 02, 2012 (5:00 pm)
I went to lexus dealer south florida miami beach
interested in lexus rx 350 with appearance package
msrp 48684 dealer said will sell for 44.884
want 24 month lease with 15000 miles a year
tier 1 credit
what should i pay
dont want to get ripped off
#2502 of 2763 Lexus RX350 Lease
Dec 04, 2012 (10:52 am)
Just leased a Lexus RX350 on Nov 30. Here's the deal.
MSRP - $48,494
Negotiated Price - $43,095
Upside down on trade in - $1,519
Residual - 61%
MF - 0.0009
Monthly payment w/o tax - $504.45
No money out the door (dealer paid first payment, registration, tax, etc.)
#2503 of 2763 Deal---or no deal?
Dec 04, 2012 (12:01 pm)
Offered (by dealer):
Turn in 2011 RX450h now (Dec. '12), 12 months early, no penalty, existing lease was $599/mo. w/15k miles per year, mileage is just now 30k.
Get 2013 RX450h, list $56k, offered at $53k (inclusive of $1,000 'Dealer Certificate' + $1,000 Lexus 'incentive', 1st mo. payment waived, taxes and fees at $3,006.50, 33 months, 12k miles per year, same $599/mo. payment.
Question (by me):
Is this the 'deal of deals' or can I push harder for a better deal? I was hoping for more off of list, or am I pushing it? Can make the deal Wednesday evening, if I want, but want to get a feel for the facts from here. Anyone?
#2504 of 2763 Re: Lexus RX350 Lease [tbone6964]
Dec 04, 2012 (4:14 pm)
which lexus dealer did you get that
was that a 24 month lease
Dec 08, 2012 (7:14 pm)
For those of you in the NY Metro Area, this is the deal i was able to negotiate:
MSRP - $49,474
36 months/10,000 miles
Dec 08, 2012 (7:23 pm)
Just leased my fourth RX here in Northern California...
Residual: 58% (36 months, 15k)
$1000 loyalty incentive
$1000 holiday certificates (wasn't expecting these)
1st payment covered
$0 drive-off, sign and drive
$543.23 a month (w/tax) (35 payments remaining)
I have seen lower negotiated prices, but I am pretty satisfied with the deal. It is $34 less a month than my previous 2010 RX350 (36 months, 12k miles), with nothing out of pocket and first month covered. They bought the 2010 RX350, for its payoff, which avoided any lease turn-in hassles.
Only thing that I was not happy about, was that a disposition fee of $350 was added, which I couldn't get them to remove. Apparently this is something new being required by LFS, started in January 2011 (first I am hearing of it). They did confirm through LFS that the fee is waived if you buy or lease another Lexus, or if the vehicle is purchased.
Thanks to Car_Man and those who have posted there deals, it helped me immensely.