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

2668 messages,  Last post on May 24, 2013 at 8:40 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

#2518 of 2668 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
Host
Prices Paid: Buying & Leasing Experiences Forum

#2519 of 2668 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 2668 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 2668 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 2668 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 2668 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

#2524 of 2668 Re: RX350 AWD [delnole] by Car_man HOST

Dec 17, 2012 (4:37 pm)

Replying to: delnole (Dec 16, 2012 9:03 pm)
Good catch, delnole. 58% is LFS' published residual value for leases with 15,000 miles per year. I should have added 2% to that, raising it to 60%. The residual values remain unchanged. Sorry for the confusion.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2525 of 2668 RX350 AWD w/ Nav by salineg

Dec 20, 2012 (6:59 pm)

Closing on this deal:
 
Rx 350AWD w/ Nav and comfort pkg, premium pkg blind spot,parking assist, accessories.
 
MSRP 49,565
Sale price 46,510 (350 under invoice)
 
On top of that, I am getting $1000 closing certificate and $1000 loyalty (so 44,510 after applying those)
 
36 month lease at .001 mf / 58% res
Fees: approx 1075 (doc/plate/title/lexus finance fee)
 
 I think it should be around 575/month, but it seems to be a little higher for some reason.
Should the closing certificate and loyalty come off before tax or after?
 
On a one time lease, are we still eligible for the first month paid by lexus?
 
Thoughts on this deal?

#2526 of 2668 closed on a deal yesterday by dealnodeal

Dec 23, 2012 (8:21 am)

Replying to: Car_man (Dec 16, 2012 8:47 am)
Carman,
 
First thank you so much for all the valuable info everyone shares here.
I closed on a lease deal yesterday.
 
2013 RX 350 AWD premium package, luxury pckg with blind spot. My paper work says:
Msrp $46, 950
Gross cap cost $43, 017
Adjusted cap cost $41059 (price after rebates and negotiations)
Monthly pmt: $429 for 27 month 10k mile/year
$2500 out of pocket (taxes,reg, fees etc.)
 
Is that a good deal? The residual is 69% would it be a bad idea to buy at the end of the lease?
Also my car came with 2 remote keys only. The manual shows a card key and also a key number plate (small metal thing with the code to the key). Did you get anything other than the 2 remote keys?
 
Thank you in advance

#2527 of 2668 RX350 Offer - does this sound reasonable? by ken954

Dec 26, 2012 (5:25 pm)

Trying to work an end-of-the year deal, been considering the RX350. Below is what my local dealer claims is his 'best offer' - any suggestions on whether this is reasonable or how hard I should push? Compared to other posts I've seen, I'm ready to walk - but I also realize I'm not eligible for the loyalty discount and haven't received any of the $1,000 coupons and other incentives others have mentioned.
 
The MSRP is $50,424.00, sales price is $47,866.00 (dealer invoice is ~$46,832). 36 months, 12K / year, 58% residual. The payment of $613.64 including 6% sales tax (base pmt of $578.91, tax is $34.73). The start up money due is $991.84 offsetting payments, $700 lease Acq. Fee, 190.00 state document fee and taxes.
  
Dealer also states "with a $2,558.00 discount there no more room to move."
 
Appreciate any thoughts or suggestions.

Messages Page 253 of 267

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