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
Feb 03, 2013 (6:03 am)
Looking to pull the trigger on a lease this week. Can you confirm the residual and money factor on a 36mo lease with 15K/year.
If anyone has recent purchase details, it would be appreciated.
#2548 of 2763 Re: 2013 RX350 AWD [sevenaway]
Feb 04, 2013 (1:07 pm)
Same here, what are the lease rates for Feb?
We have a 2010 RX 350 FWD coming off lease. Was at $512/month... looking to get similar car (with Navigation) for less... possible?
Also is there a way to get pricing on how much finance rates we could get if we buy out the 2010 RX 350?
Feb 04, 2013 (5:39 pm)
what is a reasonable price to lease rx350 2013 msrp about 49,500 with about 2,000 out of pocket for 1st payment,inception ,bank fee,registration and doc fee ? am turning in rx350 2012 with under 30,000mi 3 months early.
#2550 of 2763 2013 RX 350 AWD quote
Feb 06, 2013 (2:39 pm)
I have 2010 RX 350 AWD with 4 months ($535 per month) left to go. Just got a call from Lexus corporate, Loyalty Dept. and they informed me that so-called "Pull ahead" (they called it differently) program is live now and current lessees with less than 6 months remaining are eligible.
I called my sales person, the one I worked with, and he quoted me the following over the phone. Same car as I have, no nav, few new options that weren't available on 2010.
2013 RX 350 AWD
Base features +
- Display audio package
- Heated and ventilated front seats
- Parking assist option
- Premium package with blind spot monitor system
- wood & leather steering wheel & shift knob
- cargo mat, net, wheel locks and key gloves
At first, he said that even if 2013 is few thousands more (47,300 via 45 and change), he will happily match my current lease terms: $1235 due at signing ($700 bank fee + 1st month), 10,000 miles, 36 months, $535 a months NY tax included. He said that he used 60% residual and MF of 0.00100, and those are Feb numbers. They of course will wave all remaining payments on my 2010.
Then, after few minutes of chatter, he offers me this:
33 (???) months lease, 10,000 miles/year, $1235 due at signing ($700 bank fee + 1st month + $6?), 32 remaining payments of $529 (tax included). Lease via Lexus financial, not a 3rd party bank.
I played around with numbers in lease calc, and it looks like in order to get that monthly payment, selling price must be around $42.7K. It looks like a very good deal to me.
What do you guys think? This is first time I'm hearing about 33 months lease... Next time I speak to the guy, I will ask him what exact MF and residual he used for 33 months quote.
Feb 06, 2013 (6:32 pm)
here's what i got---2013 rxx350 all pkgs-premium,comfort, navigation at 380-36mos. at $580 a month 3mos left on old lease which they wii pay,$ 2000 out of pocket including 1st mo payment of $580 . what do you think?
#2552 of 2763 Re: 2013 RX 350 AWD quote [clasys]
Feb 07, 2013 (6:03 am)
I think you may have little room for negotiation. Similar configuration in Maryland, I got for little less than 42k .
#2553 of 2763 Re: 2013 RX 350 AWD quote [NRI]
Feb 07, 2013 (5:11 pm)
Went into lexus today
rx 350 with appearance 24 months 15 k msrp 49275
selling car for 44.500
550.00 month with 1380 out of pocket
is this a good deal
#2554 of 2763 Re: 2013 RX 350 AWD quote [rickyeee1]
Feb 08, 2013 (11:34 am)
if that's awd, you got a better offer than i did. i was offered a 2013 rx 350, msrp 49.500 for $580 a month 12,000 miles a yr for 3 yrs, with $...2,000 out of pocket. this is in new jersey. they won't budge. should i take it?
#2555 of 2763 Re: 2013 RX 350 AWD quote [carnal1]
Feb 08, 2013 (11:43 am)
Please specify accessories.
#2556 of 2763 Re: Need help with RX 350 F Sport lease [jack211]
Feb 08, 2013 (5:33 pm)
Interesting thread this.. Here's my take. My accountant has advised me that in my case, leasing is the same as buying, if I can:
1) avoid paying a drive-off premium, 2) get the right residual and 3) obtain the right money factor. Also, whether I lease or buy I expense 80% of my payments because I use my car for business.
What makes leasing a better proposition at this point in time is that, from what I've learned, Hybrid technology is on the cusp of a great leap forward. In three years I want to be able to turn-in my obsolete and rapidly depreciating 2013 hybrid and either lease or buy 2016's generation of Hybrid. Worst case scenario, I'm no worse off turning in my 2013 and leasing or buying a 2016.
Bottom line, if you understand the residual and the money factor and you don't pay a drive off, except for your sales tax and the cost for your license plates, leasing is not more expensive. It's the same thing.
There is one last point. What if your car appreciates or holds its value and you could make money buying it from the dealer and selling it for more? My car salesman advised me to check into that towards the end of my lease. If the numbers are in my favor I can sell the car to Carmax, pay off the dealer and pocket the difference. That may be worthwhile. I don't know if there's more to it than that, but I will find out when it's time.
Looking forward to your critique