Hello, Hoping someone can weigh in on this lease and let me know your thoughts…
2020 Lexus NX300 Base
MSRP: $41,593
Selling Price: $37,710.12
Residual: 54%
Money Factor: 0.00075
$3,000 Lexus Cash
$1,000 Recent Grad
36 months
12k miles a year
$1,500 drive off and $478/mo. after-tax
Zip Code 33701
!Thank you and I appreciate any insight provided!
Your numbers don’t add up right. Are you rolling equity? Any add ons? Are you sure that’s the MF the dealer is charging?
Calculator assuming dealer doc amount and 7% sales tax for tampa:
Hello - These are the numbers that I was provided on Edmunds for the RV/MF. I’ve uploaded the lease documents if it helps, however, there was corrections made afterwards, so both documents have to be considered.
Thank you!
As the romans would show
This car does not have a future in the arena
Definitely doesn’t add up with the edmunds rv/mf. Do you have the page from the lease contract that shows rent charge/buy out amount at the end?
Ahh, okay. I just uploaded the other pages that shows that information.
Yup, that’ll do it. They marked your MF up to .0018. Can never assume that they’re giving you buy rate. That took back about $2250 of your discount.
Not a good deal my wife got one for msrp $47,000 when they first came out it October and put $1000 down for $435 per month dealer added the protection package for dings dents and tires came to $470 a month tax’s included.
This is a terrible deal. Just negotiated a $46,457. MSRP 0 down. 9 MSD’s for $368.00 per month, $391.00 with Tax.
What State? What was the model, mileage, term and sales price?
Connecticut, Model # 9824C, 10,000. Mph, 36 months, MSRP $46,457.00 with all the bells and whistles. 368.00 per month without tax. $3,600.00 msd’s. Drive off $2670.00, first month payment, Acq fee, tax on Lease cash, dealer fee & registration
Spoke with sales manager he would entertain same deal with you. I think it’s a great price
I have a current lease deal I’m considering in the new England area for a NX300 Base, MSRP 40,267.00 with a 55% residual, 36mo/10k miles per year at 388/mo with tax included, incentives of 3,250 lexus cash. $1,500 due at signing including first mo payment and all taxes, fees and reg.
Can anyone tell me if this is a good deal?
Here’s the MSRP. Total fees is $43,592.
DP: $1,500
Paid first month payment of $375.
Monthly payment of $375. (Not including personal property taxes
Have you verified MF/RV/incetives with Edmunds?
@mllcb42
No, I have just signed the lease and was looking for a second advice. This was a little short time for me to go and check out edmunds. It sounds like my residual is at 57 percent and money factor of 0.00105.
One of the key parts of analyzing a deal is to understand what markup on MF is being applied and what incentives are rolled into the discount to make the deal look better than it is. As such, first step should always be to get rv, MF, and incentive information from Edmunds before signing.
@mllcb42 that’s true, first time lessee here, not much familiar with the terms and processes.
I posted the contract to know if it’s decent deal or not…based on numbers…I guess I haven’t done enough due diligence and I am done here.
