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Lexus RX 350, Car Buying, SUV
#1446 of 5521 Re: 2009 Lexus RX 350 Deal [lexusking]
Sep 23, 2008 (5:07 am)
Finally pulled the trigger. Picking up a Pebble Beach RX350 tonight. Here are approx figures, don't have paperwork yet as deal was done on the phone.
MSRP - $47,396
Sell price - $40,900
Lease 36 months 10K miles/yr Residual - 57%
Rolled in all inception fees (Lease fee, motor vehicle etc.) which was about $1100
Used multiple security deposit option (9 $500) to reduce money factor to .00073
Monthly payment - $500
Out of pocket is just first month of $500 and MSD (refundable)
#1447 of 5521 Re: 2009 Lexus RX 350 Deal [bmkj]
Sep 23, 2008 (7:47 am)
Looks like you are about $8000 off MSRP and good deal. Can you give me the full trims and option lists. Also, give me dealer and salesman information. $500 is great deal for the vehicle. I presume it is a 39 month lease program. 57percent resid is quite high but ok if you are not to keep at end of lease. Make sure you get gap insurance.
#1448 of 5521 Re: 09 RX 350 Pebble Beach Edition [dealmaker2008]
Sep 23, 2008 (8:20 am)
Best time to buy 09 will be when 10 have hit the dealers.
You looked at Infiniti FX...They are great vehicles with little jarring ride. If you are like RX's ride then FX will feel like a go-cart to you.
Have you considered MDX? You can pickup 08 MDX with tech pkg for ~36K in southern cal...most car like SUV you can buy. The front styling is little polarizing
#1449 of 5521 Re: 2009 Lexus RX 350 Deal [bmkj]
Sep 23, 2008 (10:45 pm)
Hello BMKJ - Please send the dealership and deal details to me too. Thanks.
#1450 of 5521 Re: 2009 Lexus RX 350 Deal [bmkj]
Sep 23, 2008 (11:49 pm)
I have been following this thread and would very much like to know the selling dealer and salesperson's name> you actually got a very good deal. I am looking to buy a 2009 RX 350 FWD, with NAV, PPP, and is the adjusting to turns HID headlights included in the aforementioned PPP package or add the option?
#1451 of 5521 Re: 2009 Lexus RX 350 Deal [dealmaker2008]
Sep 24, 2008 (4:40 am)
My deal was at Prestige Lexus in Ramsey, NJ. Scott Naft was my salesman. I don't have the sticker with me as I type this, but I can tell you the Pebble Beach Edition has the PPP, NAV, 18" special edition Wheels, AWD, rain sensing wipers, wheel locks, Pebble Beach floor mats etc. MSRP is $47,396.
It is a 36 month lease and gap insurance is included with all Lexus Financial Leases. Also, the multiple security deposit option saved $54 per month for a $4,500 deposit. It's fully refundable and that's a 14.4% rate of return, and I temporarily put it on the free Lexus Pursuits Visa they gave me which gives me cash back and no interest for 60 days.
#1452 of 5521 Re: 2009 Lexus RX 350 Deal [bmkj]
Sep 24, 2008 (8:03 am)
So the dealership sold this car at $7596 under MSRP (i.e. 47,396-39800)?
Does the $40,900 include the $1100 (inception fees, dmv)?
Does the $40,900 include the $825 delivery charge?
Did you get a Lexus Loyalty ($1000) discount as part of the above?
Does the $40,900 include anything else?
#1453 of 5521 Re: 2009 Lexus RX 350 Deal [robrepos12]
Sep 24, 2008 (10:14 am)
They actually sold it for about $6500 under MSRP. The $40,900 (I think the lease papers actually say $40,887) includes the $825 delivery, but not the $1100 inception fees. I did not qualify for the Loyalty rebate.
So if you do the math, the adjusted capital cost is approx $42,000 with the fees rolled in and the residual is $27,015 (57% of MSRP $47,396). Depreciation is approx. $416. Reduced money factor of .00073 on $69,015 equals approx $50. Total is $466 plus 7% NJ tax is $500.
Hope this helps. Let me know if you have any other questions.
#1454 of 5521 Re: 2009 Lexus RX 350 Deal [bmkj]
Sep 25, 2008 (3:01 am)
Thanks, I appreciate the info.
#1455 of 5521 Re: 2009 Lexus RX 350 Deal [bmkj]
Sep 25, 2008 (7:18 am)
That is a fantastic deal, well done! If only the SF Bay area dealers were that motivated to move their inventory! So far, I have only been able to get soemwhere in the 3s off MSRP and they sound like they are doing me a favor! I may need to go Southern CA in hopes of getting a better deal to buy one.
Thanks again and enjoy your new ride!