2020 NX 300 Lease Question

Ask the Hackrs
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1

MSRP: $41,738
Selling Price: $36814 after incentives
Residual: 57%
Money Factor: 0.00035
MSD: 0
Inception due at signing

36 months
7.5k miles a year

Monthly Payment: $448.75 after 9.5% tax

Is this considered a good deal?

2

Not such a great deal.

You should be able to get 12-13% off before incentives on a Lexus in Socal.

Although you are getting a 2020, I got a friend the 2019 Lexus NX300h (which leases poorly vs the gas model) for $440/mo incl tax with about $1500 driveoffs on a 36/15 lease back in April. MSRP was around $45k

Which dealer? Stay away from Glendale. I think Beverly Hills was the best to work with.

3

I got this “deal” from Glendale. They initially offered me $548 which is absurd and I can basically get a RX for that price. Thanks for replying, I will be contacting BH tomorrow.

4

I recommend contacting Newport Lexus or Lexus of Westminster in OC for better deals.

5

For sure I will give them a call too! Thanks for the info

6

I got a deal from Jim Falk for $439 a month with tax. Zero drive off. Is this a good deal? I’m trying to get somewhere in the $420 range. Are there any cars around this range?

7

I leased a 2019 300h around November, it was 46k, ended up 410 with tax included , only MSD due at sign. If you are not in hurry, might about to wait til November/December, Lexus got pretty aggressive towards end of year during their December to Remember event.

8

I have to return my current lease by end of December so I guess I will wait till then.

9

For a 2020 or a 2019? Are there any 2019s left?

10

It was for a 2020. 2019s are basically sold out now.

11

Autotrader shows 2 new 2019s at Jim Falk, although one of them looks to be very highly optioned.

https://www.autotrader.com/cars-for-sale/New+Cars/2019/Lexus/NX+Models/Los+Angeles+CA-90025?makeCodeList=LEXUS&searchRadius=25&seriesCodeList=NX_MODELS&zip=90025&startYear=2019&endYear=2019&listingTypes=NEW&sortBy=relevance&numRecords=25&firstRecord=0&marketExtension=true

Does Lexus lease their loaners? There were quite a few listings for 2019 used or CPO ones under 10K miles.

12

I heard that you can lease their demo’s but I’m not sure if the residual is great.