Here is a deal I have received for a 2019 Lexus RX 350 with power moonroof, blind spot monitoring option, heated front seats, and touch free power rear door:
Lease details: 36/10
Sale price: 42400
Net Cap: 41500
Monthly payment: 430 (including tax)
How does it look?
Can you pls share state/location
It says SoCal in the tags
How much total due at signing?
You should try for 12-13% dealer discount then incentives. I think it is pretty good but slightly hard to say without the breakdown and the incentives available.
Your numbers are off. The numbers you are giving and the payment you are getting don’t add up
The dealer discount is about $6000 (~12.3%) and Lexus rebate is $3000. The base payment is 399 before tax with $0 drive off and max MSDs.
Updated the numbers to be more precise…
Oh that makes more sense. Max msds
Where is the dealer? This deal looks good!
Is 12-13% what you’re seeing?
I got 12.5 off last month but it wasn’t easy.
Hi, what do you think below number?
MSRP = $45,534 base model
Sales Price = $40,476
Lease rebate = $3000 = $37,476 after rebate Payments include tax 9.25%
12k miles per year
MSD = $2700
$3700 due at signing (down + MSD)
$428 x 36 months (35 out of pocket payments, Lease rebate covers your 1st payment and minimum drive off fees)
Make the down payment 0 and then it starts looking like a good deal.
Do you guys/gals think this is a good deal? Sorry @phoenixee using your template…
MSRP = $45,534 base model
Sales Price = $40,200
Lease rebate = $4000 = $36,200 after rebate Payments include tax 9%
3/10k miles per year
MSD = $1950
3950 due at signing (down + MSD)
$295 (plus tax) = $320 x 36 months (35 out of pocket payments, Lease rebate covers your 1st payment and minimum drive off fees)
How much would I be able to reduce the monthly payments for the following:
- Reducing miles to 7500 per year
- Making it a 4 year lease
Base model does not have memory seat so you know. Premium without navigation is best. We use Siri or Waze for more superior navigation anyway these days.
Why give them $3950 up front ? The whole idea of leasing is you are renting a new car so you can pay as you use it. You calculate your total out of pocket for the duration of the lease. You spread the payment evenly as much as possible.
Lexus Kendall quoted us $439+tax, $0 down for base model. 36 months. 15000 MPY
For premium, we got $508+tax, $750 down, 15000 MPY. This include fist month, 35 payments after that.
Penalty for over mileage is 25 cents per mile. Never prepay for miles.
Longer lease is bad for the resell value of the car and therefore it is bad for you. Don’t do 4 year lease.
Lease another one after 3 years.
It’s not the “resale value,” but the residual. There is a sharp drop on most cars after 36 months, save for the random 39-month deals that work.
After 4 years, especially with 15,000 miles, you can be out of warranty, and you will almost certainly have to do the brakes and put on tires after 3 years. There is nothing positive about 4-year lease, but you need to know the correct reasons why.