Last post on Dec 09, 2013 at 8:15 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Lexus RX 350, Car Buying, SUV
#587 of 5870 Re: Brand New 2007 RX 350 [nackerma]
Apr 03, 2007 (8:40 am)
email me at rinasauncehotmail.com and I will give you the name of my contacts. I ended up purchasing the car at Park Place Lexus in Plano as they had a 2007 in stock but Sewell made me a fantastic offer on a 2008.
I picked up the car yesterday and I could NOT be happier. Its fantastic, looks beautiful and the black exterior with the black interior is sharper than I would have ever imagined (this is the first black car I have ever owned). I am incredibly pleased so far.
Apr 03, 2007 (1:32 pm)
New to this ... I'm trying to understand any special lease offers from Lexus on the RX 350. We saw an ad last nite for ~$3925 down, $429 /month for an '07. When I went to the local dealer today they said that "National" offer expired 4/2/07 ... also last nite ... but they would give me the same lease terms on an '08.
The dealer promised the best money factor, either from the expiring special offer or from the next special offer.
My questions are: Was this a bait & switch? Why advertise at 11:30 pm for a deal that ends at midnight? Does Lexus Financial change their lease offers frequently? What should I expect to see in their next "special offer"?
#590 of 5870 Re: RX350 Hunting in SC [jpowell612]
Apr 03, 2007 (3:04 pm)
NICE! You're going to love it. Congrats on a great deal!!
#591 of 5870 Re: RX350 Hunting in SC [sheikh1]
Apr 03, 2007 (4:00 pm)
Actually, the $429 wasn't available & it was for a 2WD car. They came back at $532 (w/tax) and $4,100 down. So I still don't know it's such a great deal.
#592 of 5870 Re: RX350 Hunting in SC [jerseyjack]
Apr 03, 2007 (8:12 pm)
jerseyjack......how much of that $4,100 is a "down payment" and how much is for DMV fees, etc.? Let's say $3,000 is the down payment. Divide that by 36 months and you've just added $83.33 per month to your payment. Always calculate a payment using $0 down. Then you can compare apples to apples, and adjust for variable sized down payments.
Any dealer can get your monthly payment down to $100 a month if you give them a big enough down payment. Think about the math. If you give them enough money, you've just bought the car for cash.
Bottom, I'd say it's a bad deal, off the top of my head, but you need to give us more information.
#593 of 5870 Re: RX350 Hunting in SC [billmv]
Apr 04, 2007 (4:29 am)
I actually did the calculation at the dealer. $2500 cap cost reduction. If you subtract 1 month rent ($4,100-$532) and divide by 36 it added $100 per month (your calculation was good!). So all in it came to ~$632. All in, didn't seem like a good deal to me.
We talked about MSDs (multiple security deposits) but that's not the answer.
My question is whether there are any good Lexus lease deals out there for RXs?
#594 of 5870 08 RX 350
Apr 04, 2007 (9:38 am)
Just leased a 08' AWD RX 350 in CT with Premium Plus and Navigation. MSRP was $45,707 and got it for $41,200. Lease factor was .00259.
Couldn't find an 07' nearby.
#595 of 5870 Buying a 2008 Rx 350 and Trading In a 2005
Apr 04, 2007 (10:26 am)
I hear alot a buying a rx350, but not about trade in deals.
I live near Dayton, Ohio I can drive a good distance if needed.
We have an 05 rx330 15,000 miles Thundercloud special edition with HID lts (no navigation). Excellent condition. Wife loves the SUV. What is the True Value? I have been on edmunds / KBB and another site to compare. Average of the 3 sites $32,000. 20 months old
Told the wife we would update every 2 years, 06 came fast and went, same with 07. Looking for a new 08 Silver with PP+ and Navigation. Price with trade in? Do you think $10,000 +T&T would be a good start not to exceed $10,500 and where do you think I could get a deal within a few hundred miles from Dayton?
It has been two weeks now since I have stopped at Lexus of Dayton to see about a trade in and the salesman has not called me back. Must not want the business.
Any input would be greatly appreciated.
#596 of 5870 Re: Buying a 2008 Rx 350 and Trading In a 2005 [ohioman]
Apr 04, 2007 (11:04 am)
I have dealt with several dealers and car finding services in the process of purchasing my RX this month and nearly all of them referred to the black book value. This represents the cost to dealers would pay at auction for the same vehicle you are trading them. It may be a scam to get a lower value than Blue Book or Edmunds, I don't know. But I do know that it was tough to get them to budge off it. Here is the address if you want to appraise yours:
I always plugged in bogus info for the car I was searching for as to avoid spam. I hope this helps and good luck!