Deal Check: 2024 Lexus RZ300e

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Hi! First timer to the leasing process, so I’m still trying to figure things out. What else do I need to consider?

MSRP + DPH: $57,710
Dealer adjustment: $2,857
Sale price: $54,853
Capitalized taxes and fees: $3,703
Manufacturer incentive: $18,500
Down payment: $5,486
Estimated net capitalized cost: $34,570

DAS:
First month’s payment: $436
Non-capitalized taxes and fees: $411
Down payment: $5,486
Cash out of pocket: $6,333

Residual value: $20,776
Lease term: 36 months
Annual mileage: $12k

So overall: $436/mo (inclusive of taxes and fees) for 36 months with $6,333 DAS.

(Yes, I know that there is a lot of negative RZ flack out there, but we really like the car!)

Thank you in advance!

I’m not super familiar with the RZ300E market but only 5% off sounds very weak on any EV (not including incentives, just dealer discount).

Also, I wouldn’t recommend putting much of any down payment on a lease. The better use of that money is either with Multiple security deposits which will lower the money factor (interest) or investing it. Taking a higher payment is less risky if the vehicle is totalled (you can end up in a situation where you don’t get anything back from insurance if the lease is totalled).

With that large of a down payment you are paying the equivalent of over $600a month for that vehicle. Is it still worth it?

Find out the MF. That dealer discount is incredibly light.

Horrible deal! We got a 450e in April for about $300/mo effective (with 9.5% on everything/incentives - CA thing, but 7500 miles/yr). Wait for Nov/Dec/March sales if you can or look elsewhere. 300e is simply not worth $436 even with zero DAS. Besides, wouldn’t you want awd in OH?

Like you, I’m also looking for an RZ 300e. You’ll find a much better deal with Auto Ninja or other auto broker.

I got a much better dealer from a dealer in Ohio, however, it didn’t meet certain criteria for us. If interested, please send me a PM/DM and I’ll provide you the details.

P.S. I don’t gain anything out of this. Just trying to be helpful, just as others on this site have been to me.

Genuinely interested in knowing where can I find $436 with $0 DAS in Ohio, Pennsylvania. I’ve called all the dealers and they’re hardly offering any discount.

I’m in CA, so no idea about your region. Ask the brokers what’s realistic in your area right now. @trism @HersheySweet any leads for these folks?

Keep in mind, I am one of very few people on this blog who would even recommend an RZ at any price, most will it dismiss based on the charging/battery specs. This may work to your advantage negotiating if you’re OK with that for your daily driver. Otherwise, either wait or look at other brands. GL!

Errr in Ohio I’d try crossing the river and searching Pittsburgh/Central PA believe it or not, and DMV or shipping in from NJ - you’ll likely get a better price.

Otherwise targeting aged units at bum f*#$ rural dealers is a good way to find IMO distressed merchandise to make an offer on.

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Only on LH: Lexus EV as a barn find :joy:

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No I’ve gotten 12-14% on Kia EV9s from rural dealers in midwest before - you just gotta make a strong targeted but swallowable offer to these rural GMs that can’t move EVs where people will coal roll you.

Then again some clutch their pearls and don’t move, so :person_shrugging:

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Yeah, I got it! Emphasis was on an EV as a “barn find” rather then just Lexus.

The range of the 300e is suitable for my needs and I’m a big fan of Lexus. I might even buy out at the end of the lease.

I’ve called all dealerships in Pennsylvania and no one is even close to offering a lease for less than $600.

Perhaps I’m not doing a good job of convincing them that I’m a serious buyer. I’ve offered them calculators from LH showing $450 and they just don’t even want to negotiate.

Showing a dealer a lease payment from the LH calculator seems to be a good way of ensuring the dealer does not want to work with you.

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Ok, I’m willing to learn. How would you go about negotiating when the numbers are so far apart?

Contact AutoNinja:

A Few More Units Loaded - Deal Alert - RZ 300/450

Inquire

https://autoninjas.com/contact/leasehackr

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You should try buying a Lexus in Seattle. The dealers here think they are doing you a favor by selling you a car.

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