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Thanks for that very helpful info Car_man. I'll let you know how it goes at the dealership (unfortunately I live in the very lease unfriendly state of Illinois but I can't really change that). Am I correct in assuming that Lexus Financial keeps the same money factors for the entire month and so the ones you posted were for May? I remember that was how BMW did it. Also you say the dealers can mark-up money factors but are they allowed to lower residual values as well or are those pretty much set in stone? Thanks again.
Here's the information that you're looking for, ks_man. Lexus Financial Services; current buy rate lease money factor and residual value for a 36 month lease of a 2008 Lexus RX 350 AWD without the entertainment system with 15,000 miles per year are .00190 and 54%, respectively for consumers who qualify for its "Tier 1+" credit tier. The numbers for an otherwise identical 48 month lease are .00190 and 44%. If you were to lease with only 12,000 miles per year, these residual values would be 2% higher. These are the lowest money factors that dealers can charge on this truck, but dealers can mark-up money factors to add additional hidden profit to deals. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
I'm soon going to be in the market for a new RX350. I'm planning on leasing it. What are the current money factors for the lease and what are the residuals? I'm debating both 12 and 15k leases for 36 and 48 months (or something in-between). Are they standard numbers or do the dealers have wiggle room? I want to make sure I'm prepared when I walk into the dealership. Negotiating on the cost of the car is pretty straight forward, but I know that some dealers pad their profits with higher lease rates and lower residuals. Thanks.
I am talking the used RX330 | 2005 AND 2006 MODEL. All of them are AWD. I listed the negotiated price and miles that the cars have. GOOD DEAL to save a few Ks compared to a brand new RX350?
I am looking for a used RX330 and found 2 with reasonable price (??). Both cars are used for Lexus car dealer service. Here is the price and milage for both cars. $31200 20000miles 2005 model (dealer purchased in Jun.2005) $32500 15000 miles 2006 model (dealer purchased in Sept. 2005) Qestions for all of you: The new car invoic price from Edmund.com is $36,700 for 2006 model (primuin package/heated seats/6CD) (1) are these good price? (2) Anything good or bad to purchase a car used for dealer service dept? Only want to save a few Ks (after getting a new MDX). Worth doing this? Charles
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