Good discount, lowest possible MF. That car just doesn’t lease very well. The dealer looks like they’re being pretty aggressive. The only thing I would check out is if there is any other incentives like dealer cash. Looked on edmunds and $750 look like it for cash.
That dealer has the MSD incorrect. It can’t be that amount as it should be rounded to the next nearest $50. The RX isn’t leasing well now, but if you like it, go for it.
Signed the following deal and taking delivery today. May not be a hackr cracker kind of deal but felt decent for the current market conditions of F-Sport and went ahead with it.
2018 Lexus RX 350 AWD F Sport
MSRP: 60,626
Sale Price: 54,697
Months: 42
Annual Mileage: 12,000
MF: .00007 (With 6 MSD)
Residual: 53%
Lease Cash: $750
Monthly Payment including tax: $585.00 ( 41 Payments)
State: NJ
Tradein: 0
Security Deposit: 3,600 (6 MSD)
Total Due At Signing: $5,100 ( $3600.00 Refundable deposit + 1500 towards Cap cost reduction)
(Total Due at signing includes first month payment as well)
Taxes - $1592 + 219 (NJ Luxury tax)
Acquisition fee: $795
Title and Registration fee $384
Documentation Fee: 419
Taxes, Title & Registration fee, Document fee all rolled into the capital cost and not paid upfront.
Purchase Option price at end of lease: $32130
42 months is a crazy long lease
After around June 4th Lexus may have or may not have more incentives. Worth waiting a few days. Their current offers run until June 4th which is $750, a joke really.
I thought the Lexus Cash doesn’t apply to lease, at least that’s what I was told from Lexus. Only the rebates do.
I see, so it is the rebate not Lexus Cash. thanks
I preferred 36 Months too but due to the following reasons I ended up with 42 months.
- My goal was to get this car for less than 600 monthly payment with no more than $1000 out of pocket. ( I am fine with refundable deposits)
- Lexus has best pricing for 42 months
- Since my MF is 0.00007(Close to 0% APR), why not enjoy interest free loan for 6 more months
- Current interest rate for a buy is 3 to 4% but here I am getting 0% APR for 42 months, so I see this as 0% APR balloon loan.
- Because of lowest MF, purchase option price is in my favor. If at all I want to buy at end of the lease or in case of excessive wear and tear charges or for higher usage of miles, I can choose to buy and deal with it myself.
- On Swappa the lease prices for the same model with similar options are way higher, so I have a shot in case I want to exit during the term of lease.
Yep it says, “Lease cash”
It says “Lease Cash”. Lexus Cash is only availible on financing.
I got mine around the same time, nor cal area, msrp was 62150, i managed to get it down to 57000 minus 2000 in rebates, 36 months was 670 incl tax and fees, with 1k down. mf was .00001