2017 RX450H AWD - Deal Evaluation

2017 RX450H AWD - Base

MSRP: $56,498
Selling Price: $53,838
Rebates: $1,800 Lease Cash + $1,000 loyalty.
Final Selling Price: $51,038

Months: [36]
Annual Mileage: [15,000]

MF: .0008
Residual: 57%

Security Deposit: [$0]
Total Due At Signing: First month, bank fee, DMV
Monthly Payment (incl. tax): [$594]
Sales Tax Rate: [ NY 8.625%]

BTW: Love this forum. I probably could have applied the PGA rebate, but I didn’t have one. I also noticed that inventory is low as these are not high volume SUV’s.

Hopefully, I’ll reach 1% on the next one.

I guess the general consensus is that this isn’t a good deal?

A $2600 discount doesn’t seem too impressive. I did a quick look on TrueCar, and they are showing an average of $5000 discount before your incentives. So I think that is why you weren’t able to crack the 1%. So I wouldn’t say it was a good deal. But if you like the car, then enjoy it!

Somebody got the Base Rx350 for 3xx a month, so your 594 a month for a few mpgs better mileage is not a very good deal.

Total discount is $5640. After driving the two, the Hybrid feels like a very different vehicle. I believe the suspension is revised due to the added weight.

Also this for an AWD and 15k per year, no MSD (NY).

You have to understand that this is:

  1. A popular/ high demand car
  2. Asian (unfavorable lease numbers with Asian cars)
  3. SUV (anything crossover and up is worse than smaller cars).