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Lexus RX 330 / RX 350 / RX 400h: Lease Questions

2663 messages,  Last post on May 15, 2013 at 8:01 PM

You are in the Lexus RX 300/330/350 Forum.

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

Messages Page 253 of 267

#2514 of 2663 Re: Lexus RX350 Lease [rickyeee1] by tbone6964

Dec 11, 2012 (5:31 pm)

Replying to: rickyeee1 (Dec 04, 2012 5:14 pm)
Newport Lexus in Southern California. 36 month lease.

#2515 of 2663 RX350 AWD by delnole

Dec 11, 2012 (9:46 pm)

Hi Car man,
 
I don't think I've seen the December lease rates for a RX350 AWD for 36 months/12000 miles. Can you provide?
 
Thanks

#2516 of 2663 Re: Need help with RX 350 F Sport lease [djeter13] by Car_man HOST

Dec 16, 2012 (8:47 am)

Replying to: djeter13 (Nov 30, 2012 6:25 pm)
Welcome djeter13. Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 RX 350 F-Sport with 10,000 miles per year are .00100 and 58% for consumers who qualify for its top credit tier.
 
You can look up this vehicle's exact dealer invoice price over in the New Vehicle Pricing section of Edmunds.com.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#2517 of 2663 Re: Leasing RX 350 in Southern California [kartoon] by Car_man HOST

Dec 16, 2012 (8:49 am)

Replying to: kartoon (Dec 01, 2012 1:21 am)
Hi kartoon. What you were told by LFS about dealers setting rates is not exactly correct, but not surprising. Lexus itself sets the residual values for all vehicles and individual dealers cannot alter them. It also sets the lowest possible money factors aka buy rates for the vehicles that it leases. Where the partial truth of what you were told by LFS comes in is that dealers are usually allowed to mark up vehicles' money factors to add additional hidden, back-end profit to deals.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#2518 of 2663 Re: Fees for RX 350 AWD [ans9806] by Car_man HOST

Dec 16, 2012 (8:54 am)

Replying to: ans9806 (Dec 01, 2012 1:17 pm)
Hi ans9806. Lexus Financial Services charges a $700 acquisition fee on every vehicle that it leases. Lessees can either pay this charge at lease signing or roll it into their vehicle's capitalized cost to make it part of their monthly payment.
 
Doc fees are not mandated by manufacturers. They are set by dealers and aren't anything more than a way for them to pad deals, or cover their expenses, depending upon how you look at them. With doc fees, the lower the better and they should be looked at as part of the vehicle's selling price.
 
Also, make sure to keep an eye on the money factor that the dealer is using to calculate your or your friend's lease payment. Dealers, particularly luxury dealers, often mark up vehicles' buy rates to add additional, hidden back-end profit to deals.
 
Besides the money factor, the other major profit center on leases is of course the vehicle's selling price.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#2519 of 2663 Re: RX350 15k lease residual/mf [dallatex] by Car_man HOST

Dec 16, 2012 (8:57 am)

Replying to: dallatex (Dec 11, 2012 4:15 pm)
Hi dallatex. Lexus Financial Services' December to Remember buy rate lease money factor and residual value for a 36-month lease of a 2013 RX 350 FWD without the Luxury package with 15,000 miles per year are .00100 and 58% for consumers who qualify for its Tier 1+ credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2520 of 2663 Re: RX350 AWD [delnole] by Car_man HOST

Dec 16, 2012 (8:58 am)

Replying to: delnole (Dec 11, 2012 9:46 pm)
Here's the information that you're looking for delnole. Lexus Financial Services' December to Remember buy rate lease money factor and residual value for a 36-month lease of a 2013 Lexus RX 350 AWD with 12,000 miles per year are .00100 and 58% for consumers who qualify for its top aka Tier 1+ credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2521 of 2663 Re: Leasing RX 350 in Southern California [Car_man] by kartoon

Dec 16, 2012 (2:10 pm)

Replying to: Car_man (Dec 16, 2012 8:49 am)
Hi Car Man,
 
You are so right on that.LFS basically told me that they just service the leases and the dealer can sell the car for whatever they want.The deal I ended up with came out with a money factor at .00111(that's my math,not sure how they found that number),and a residual of 69% for 27 months at 10K.There's a lot of competition in southern Cal and some good internet managers who are willing to deal this month. This is my 3rd RX..and they just keep getting better every year.Much better drive,(especially turning radius) with more options.Premium pkg now comes with blind spot detection, and Nav system has been upgraded considerably.To get a luxury SUV like this RX for under 500/mo with tax is great.
Thanks for your feedback, all your previous posts certainly helped in my research.

#2522 of 2663 Re: RX350 AWD [Car_man] by delnole

Dec 16, 2012 (9:03 pm)

Replying to: Car_man (Dec 16, 2012 8:58 am)
Hi Car man,
 
Has the residual on a RX350 AWD lease for 36 months/12000 miles gone down to 58% in December? In a November post you had indicated it was a 60% residual as part of December to Remember.
 
Thanks

#2523 of 2663 Re: Leasing RX 350 in Southern California [kartoon] by Car_man HOST

Dec 17, 2012 (4:35 pm)

Replying to: kartoon (Dec 16, 2012 2:10 pm)
You're very welcome kartoon.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 253 of 267

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