Hello All, New to the community, below is the quote for rx 350. Unsure if this a decent deal?
MSRP: $55360
Selling Price: $51410
MF: 0.00274
RV: 63%
DAS: $2500
36 mo/ 10k miles
Monthly: $772 (All inclusive)
Los Angeles
LeaseHackr Score: 6.7
Tnx
If there’s one car on earth you should finance, it’s the Lexus RX.
And you can probably get a higher discount in the #marketplace
Thank you.
You were literally on my marketplace post earlier today, you know Im quite a bit lower than this offer
Im doing about $5500 under MSRP on this same vehicle
Anyone have an idea for the NY or Northeast area interest rate Lexus Financial Services is putting on RX350 finances with top tier credit?
You can go to lexus.com and enter your zip code to see what APR specials are available this month
Thank you, Jeff, for your response. I am also receiving a free protection package worth $1,000. Therefore, the overall discount will be approximately $5,000, taking into account your “broker fee” and your current offer, I am receiving the same offer from you, but with MF= 0.00264, which is not compelling compared to 0.00274. If you have a better deal, I would be happy to work with you.
That “$1000” protection package might just be some cheap plastic film on the door handle and door edges
I don’t set the money factor the bank does, you are more than welcome to roll the dice with new incentives that come out in 3 days
It’s worth $0.00.
If anything the value of their lowest-employee rushing through the application of some garbage product might be negative. Don’t be surprised if you get a swirl package for free, too.
The deal you posted is .00274.
If that protection package is worth 1k I have a bridge to nowhere to sell you.
The rate they are offering for financing is cheaper than the rate in the lease. I can’t think of one reason to lease this car unless it’s for business use. If it were me I’d ask @Jeff_BeachCitiesAuto if they can offer you that same discount for a purchase.
Thank you for your input. Unfortunately, based on my current budget, I don’t want to spend more than 800 per month, so purchasing is not an option. So overall, you say this is a bad deal if my choice is leasing?! I have not signed anything. They just asked for a deposit, I can still negotiate.
Don’t take this the wrong way but generally if you cannot afford to buy a car you should not be leasing it.
Yeah that’s a fact and I know it, tnx. I can afford to buy it but it’s a bit complicated:)))). Still I didn’t get my answer, good or bad deal!?
Yes I do the same discounts for purchases and leases.
In fact I hardly post lease payments on my thread because Lexus usually makes more sense to purchase overall
ehhh do you mean leasing a car you can’t buy? I feel like in either case…a car lease and/or buy can go from $1 to $1000000000 I feel like there’s a pretty big case in there for leasing things you can’t buy
And would that case be?
Many cases, I dare say:
Respectfully, the examples you cite aren’t really supporting your point, IMO.
I assume that many of the folks grabbing EQSs at $500/mo could have actually afforded to purchase them, if they “had” to.
When you write, “I would like to spend 100 dollars a month…” that’s very different than “I can only spend $100 a month.”
Wanting a good deal and choosing not to spend your money until you get that good deal is not the same thing as not having the $ to spend.
::shrug::
Obviously there are cases where leasing is better like eqs or even etron gt given the massive depreciation. But in “general” it’s not the case in this environment especially when you are talking about Toyota, Lexus, Honda…. Who have low rv and little to no incentives.
In OPs case to pay what 100 dollars less now to lease but cost them thousands over the 3 years. Just shortsighted in my opinion.
The answer has been obvious throughout the thread. This is a very bad deal.
If you can’t make a financed RX work via a higher down payment and/or lower APR, then maybe you can look into the Jeep GC 4xe or some of Nissan’s models. The reality is that 99% of cars just don’t lease well these days.