I’m in Tampa, FL (33603) and looking for your help to identify which 2025 Lexus SUV are leasing the best currently. Based on residual, MF and term, I’m looking for the best overall value. I know every vehicle leases differently based on these factors and I’m open to various terms and hoping you can share some guidance.
More specifically, I’m looking for a 12k/yr lease for one of the 2025 RX350h, NX350h, RZ300e.
Try the Edmunds lease forum. They will give you the base MF and RV for your location and the miles/term you want along with any open incentives. Remember it changes monthly.
Once you know that, pop it into the calculator and shop away.
For the specific model, try a specific model forum to see what prices people are paying so you’ll know the “market value” of what new cars are trading for.
Hi all! I signed this lease deal awhile back and now I’m in the market for another lease and want to be sure I don’t make any of the same mistakes this time around. Can anyone take a look at this contract and help me specifically with what the heck is going on in sections #7 and #8 (amount due at lease signing) and (how the amount due at lease signing will be paid). I feel like I got a bit screwed in that area. Any help, advice or tips/tricks with these areas of the contract will be greatly appreciated! Thx!! LexusDeal.pdf (3.6 MB)
All dealer calculations match mine. So, I don’t see any problems except I question the predelivery service fee of 799. Don’t know what that is but it may include a doc fee.
The sales tax rate is 8.50%. So, tax on the CCR is 8.5% x (8560.42 - 3700) = 413.14. Your MF = .00120 which was used to compute the base monthly payment. Doesn’t look like you got screwed to me.
How so? There really isn’t anything fishy going on with the DAS or how it’s covered.
That said, you actually paid $6180 down out of your own pocket on this deal. $2480 cash + $3700 trade. It was silly to put another $2480 down in addition to the $3700 from your trade.
If you could re-do it, you would tell the dealer to apply $1-2k of the trade as the DAS and write you a check for the balance.
Another concern is how much of a dealer discount did the OP get… no way to know. Other than 4391 rebates/noncash credits is odd, I thought it was a strange number. Seems like the OP had a lot of skin in the game at lease signing… gotta wonder how much the dealer had.
How does the 7500 EV rebate get applied then? As I understand it, I sign it over to the dealer and they turn around and give me the instant cash rebate? I guess this works differently than dealer provided ‘lease cash’?
It is “baked in”. General Motors (GM) inflates the residual values of its electric vehicles (EVs) to account for the $7,500 federal tax credit. This means that the residual value of a Chevy EV is higher than it would be without the tax credit.
This only applies to purchases. On a lease, you don’t get a tax credit at all. The bank does, and then they choose how, if at all, they want to pass that on to you.
Dealer finally sent me a “lease detail sheet.” I got them up to $5K off MSRP, and agreed to a $47500 net cap cost after rebates and rolling in the $995 dealer fee. I’ll pay the acq fee at signing, plus govt fees, and filing fee. However, they’re still marking up the MF by .0003 points and adding some other hidden costs somewhere because their math doesn’t match mine. I’ve been asking them for a breakdown of the monthly payment they’re quoting me at $632 (all the way down from $714 w $0 DAS). I told them I want to see how theyre getting to the base monthly payment, monthly interest payment, and tax payment. They sent me the following and now I really feel they’re playing games with me… the 2nd sheet makes absolutely no sense and looks like complete BS. IMO, this is a mediocre deal as best.