Last post on May 22, 2013 at 10:37 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Lexus RX 350, Car Buying, SUV
#5070 of 5521 Leasing 2013 Lexus RX 350
Jul 07, 2012 (4:10 pm)
Am looking at leasing a 2013 Lexus RX with all the bells and whistles, minus the remote start. So would have navigation, leather, fully loaded options. Looking at a price tag of $47,895 as the listed cost of the vehicle.
For the lease it looks like $636 a month for 36 months. Will be paying that all up front, so looking at a price of $22,909.80 (total of monthly payments). Looks like the residual will be $31,781.75; now I am confused because my monthly payment total of $23k plus the $32k residual I would have to pay if I decided to own after 3 years puts the price tag of the vehicle at around $56k so it seems to me dealer is getting off really well and I am losing money (and or paying more than I would if I just bought the car outright)
Does anyone have any input on this? Because $56k if leased and purchased after 3 years vs. $48k if purchased immediately seems ridiculous and or a bit off.
Thanks for any and all help.
#5071 of 5521 Re: Leasing 2013 Lexus RX 350 [martin2498]
Jul 07, 2012 (4:39 pm)
That 47, 800 must be the MSRP ?
Why not buy it with that hugh down or less ? Or do you need a tax break IRS..business ? That's a mighty large down certainly for a lease.
When you lease, you need to negotiate the price down just like you are buying a car, so you need to do that if you must lease. You will get then a much better Monthly lease payment, and don' t let them play with that bring back value. You may not even want the car at the end of three years.
You can buy that car outright for about 10% or better off the MSRP with some strong negotiating on your part..that makes the car about 43000 plus T&L, minus whatever you want to put down...and get that 0.9 APR financing(that's cheap money) to boot with good credit and maybe under $10000 down. I think on financing, a loan of EACH $10, 000 at 0.9% =$170 month payment.Multiply x 3 for $30000, etc. You can finance $35000 for under $600 a month payment at that %0.9. Put the cash savings into a Vanguard fund, and make some money on it or put it in your 401K/IRA.
What city are you in ?
Just my 10 cents worth..you asked. Hope others will chime in here.
#5072 of 5521 Re: Leasing 2013 Lexus RX 350 [nazzy100]
Jul 07, 2012 (4:53 pm)
Thanks for your input - am putting down the money upfront because it would be easier for me to do so, no real reason - just want to get payments out of the way. Basically I want the ability to have the car for 3 years and either move on to another car or if I love it - buy it. The 47,800 isn't MSRP, dealer brought that down about $1,000, so was originally more like $49k which for a 2013 didn't think would happen. I am looking at Ira Lexus Danvers, MA - thanks again for your thoughts.
#5073 of 5521 Price paid for 2013 RX 350 FWD
Jul 08, 2012 (2:40 pm)
Hope this info helps others in their Lexus purchase.
I just bought 2013 RX 350 FWD with following options:
- 19" alloy wheel
- Heated, ventilated front seats
- Parking assist
- Premium pkg
- Wood, leather steering wheel & knob
- Cross bars
- Cargo mat, net, wheel locks & key glove
I hope this is a good deal.
FYI - I am in So. Cal.
#5074 of 5521 Re: 2012 RX350 with Nav for 42500+tax [nazzy100]
Jul 08, 2012 (8:00 pm)
Thanks for the inputs. the Original MSRP is 49789. Yes it comes with new car warranty.
But I decided it pass it on. I would rather pay 1-2K more for a 'real' new car.
#5075 of 5521 Re: Price paid for 2013 RX 350 FWD [overland0715]
Jul 10, 2012 (6:09 pm)
The options you chose are pretty close to what I am looking for in 2013 .
Your OTD price of 46,457 was that including taxes and other charges ?
If so can you post what you paid excluding sales taxe.
Thanks in Advance
#5076 of 5521 Re: Price paid for 2013 RX 350 FWD [12thmonkey]
Jul 10, 2012 (9:21 pm)
Yes, my OTD price of 46,457 includes tax, title and fees.
Selling price is $42,783 + fees of $109 not including the sales tax. Please let me know if you need name of the dealer.
#5077 of 5521 Re: Price paid for 2013 RX 350 FWD [overland0715]
Jul 11, 2012 (5:26 pm)
Thats a great price , seems like its 2K less than invoice I will see if I can get close to that..
#5078 of 5521 Re: Price paid for 2013 RX 350 FWD [overland0715]
Jul 12, 2012 (1:24 pm)
I just purchased 2012 Rx350. The M.S.R.P was $49117 and i got it for $42000 plus my trade and difference on taxes, So did i get a good deal or Not so much of good deal?
#5079 of 5521 Re: Price paid for 2013 RX 350 FWD [shawn123]
Jul 12, 2012 (1:45 pm)
No way to tell since you have a trade involved and we don't know the real actual cash bank value(appraisal) of it.