Need some comments on the lease offer for loaded Rx 450h+, will buy it out in a month or two
MSRP : $76,445
Adjusted Price : $62,949 (price adjustment includes the $7,500 rebate )
Txable fees : $1,094
Doc fees : $699
Tax : $834
Non Tax Fees : $295
Balance : $65,872
Lease payments
Cash down : $5,000
36/7,500 : $900/month
Residual : $42,810
Our state sales Tax is around 7%
This is basic information they gave, need to decide by tomorrow, love the color and options listed
New to leasing, don’t want to overlook any pitfalls trying to save $7,500
After tax your effective monthly payment is $1,111, which is terrible. A Volvo XC90 hybrid would be $300-$400 a month cheaper. Since you’re new to leasing, I would suggest talking to one of the brokers on here that handles CT.
$900 includes tax
I intend to buy it, leasing it to get the $7,500 rebate and buy it once the account is active on lexus financial
Need to always separate discount from rebate. What’s the % discount?
And IDK if it’s happening here, but a lot of people assume the lease cash on every BEV/PHEV is $7,500. It’s not. Sometimes it’s more or less.
Total savings listed as $13,495, (assuming $7,500 Fed rebate), it’s $5,995 or 7.8% discount
Never assume that the lease cash is $7500
How do I make them sperate it
Find all rebates, RV and MF in RateFindr on LH
Can’t decipher it, anyone has a sample Lexus lease document
Lexus is offering $7500 rebate on the RX450H+. I assume you will owe the full 7% sales tax on the total buyout price. $900 a month still seems steep with $5K down. You are also paying the Acquisition fee for the pleasure of leasing for a few months. The MF must be pretty high on this lease. If you bought the car at the end of the lease you would have paid over $78K for a vehicle that you could buy for cash at $70K.
But, I am assuming (??)once I buy out the lease/car after a month, I will be credited the unearned rent and interest charges to the tune of about 10 -12K
Youre not credited it, you just never have to pay it since it gets charged monthly and youre buying it out before it gets charged.
Yes, you are correct, that’s what I am hoping and that I will pay total of $70K including sales tax and documentation fees before everything is said and done
Documentation/ processing fee and other redundant unnecessary fees is what are unknown at this point, for me
What interest rate are you expecting for financing it?
Whatever the lowest rate they have , 6% ish
I would hope you would have done your research. No clue what the lowest interest rate will be based on your credit and terms of the loan.
Yes, will know more tomorrow, we are planning to buy it out in weeks so assuming it isn’t a big issue
So I’m curious because I don’t know how it works, do you need a ballon payment first of difference after tax - residual before you buy the car aka finance it? Or are you buying it at the 60 something price?
To me you are getting fleeced on this deal. The 900 per month is equating to what like 33,000 total in payments… Meanwhile the difference is 23,000 in balance to residual and you are paying 5k up front… So somehow they are making up 15k…
I haven’t done any of the EV rebates deals. To know where the numbers are coming from. You need to know the MoneyFactor on this deal because either way it just seems way to high for a Lexus…