Good morning,
My mid-level Lexus RX350 2017 lease is due mid-August. I have been trying to negotiate with Lexus Pembroke Pines (outside Miami) and they are giving me crazy numbers citing no inventory (they started at over $700 payment). Yesterday, they called with the following offer:
Mid-level Lexus RX350 2020 - 36m/12,000 miles with $2,600 DOS for $560 a month.
On my 2017, I signed with $1,000 DOS, $560/month for 12,000 miles, wear and tear and maintenance included.
Should I just give up on Lexus? I feel they are not doing anything for loyalty and I currently have 3 Lexus Leases, my GX lease will come due in September.
I have read other Lexus owners having similar issues, just look for some feedback! Thank you!
I checked the option they have to calculate your payments and for a 51k msrp with loyalty you get 560 tax in with 1000 dos and 36/12. Right now inventory is really tight so you might give a try with a broker. I know a great broker here in Florida. @mani_is_kool
@LaraBeth2 if your lease is due mid August, i really suggest you wait till next month. Inventory is a real issue and dealers are not making it up. I haven’t been able to get hands on an RX for more than a month now but things are supposed to change for August hopefully. Its a big mess that everyone has to deal with.
I am in the same boat. Rx350 up end of August ($54500). Payments over $600/mo for vehicles a couple of thousand less. I am most likely going to extend my lease another 6 months and hope for the best in March of 2021. Good luck.
That’s $599/mo payment. I’ll just extend and pay monthly on the additional taxes. I got a phenomenal deal on the one I have. Just have to put some good used tires on it to get me through Feb 2021. Thanks for the advice.
Extend your lease until November. When the December to Remember event starts, they will have upwards of $3,500.00 in incentives on new 2020 models while they are rolling out the 2021 models. These incentives will be on top of any other incentives and dealer participation.
I currently have a 2018 Rx350 MSRP $52K. Payment is $570.00 on a 36/18k. Lease is not due up until February 2021. I will be able to get out if it in November. Assuming inventory is available I will definitely try to get a 2020 model as pricing will be good on these models. There are rumors of a redesign for 2021 so I do not expect much discounts on these when they come out
No dealers believe my deal. At the time they said they made a mistake in discount off of MSRP, but would honor the price. I think they really did. $54500 RX350. 36/12. $435/mo. Used a $1000 auto show certificate and put down 9 MSD’s ($4050). 1st payment and drive. Actual $520 with certificate bringing it down to about $490 with approximately $55 in MSD’s or close to that. Payment should have been in the $560/$570 range to start I think? Who knows what will happen next? A redesign of 2021 models as above poster suggests will not move the needle for me on another 2020 model. Looking at a little smaller suv in the BMW X3, which they are not currently dealing on either. Good luck in your vehicle endeavors.
Yes, I did. I’m not focused on my previous deal - I just think it is crazy to pay $700-800 for the same car. Their argument is that “all cars MSRP goes up every year and thus it costs more”
Break down of the $2,600 down.
2,599.00 out of pocket
$560.00 FIRST PAYMENT
$799.00 DEALER FEE
$795.00 ACQUISITION FEE
$195.00 SUR TAX
$250.00 TAG TRANSFER
