2022 Lexus RX350 Deal Check

Ask the Hackrs
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1

MSRP $51,945
Dealer Discount -$500
Sale Price $51,445
Manufacturer Rebate -$1,500
College Graduate Rebate Program -$1,000

Total Purchase Price $48,945

LEASE SUMMARY

36 months — 12,000 miles
Residual Value (56%) $29,089
Total Due At Signing $1,000

  • First Payment $821

  • Capitalized Cost Increase -$3,355

  • DMV Fee $396

  • Documentation Fee $699

  • Electronic Filing Fee $13

  • Vehicle Theft Protection $199

  • Tire Fee $7.50

  • Sales Tax (6.625%) $2,220

Monthly Payment $820.52

Where do I go from here? It just doesn’t seem like a great idea to pay $800 for rx350. Should I wait it out?

2

Is the rebate lease only?

Not sure what your money factor is or how marked up (plug the numbers into the calculator to back into this if you need, but gut tells me it is and is likely why they’re willing to give you $500 off as they’re likely taking it right back in mark up), but kind of seems you’re better off just financing this especially if you can keep most of those rebates/discounts.

3

You would likely be better off financing, if you’re stuck on this vehicle. This lease offer makes zero sense.

4

Reach out to all the dealers in the area and see if someone can offer a higher discount. I got 5% off MSRP with no add ons in LA recently.

5

Marketplace broker offering 5% off in NY/NJ, see if you can finance it, these cars hold their values and rarely breaks down, no sense to lease with this offer.

6

Thank you guys for taking the time to respond, but I think I’m going to wait until the market settles down a bit more