Wife’s RX350 was nearing the term, and the only option (as usual) is to get another RX so had to work within these constraints. In the same transaction traded in her outgoing 2024 RX with 1K worth of unfixed PDR body damage to GM I have a very good relationship with. $4,000 equity.
2026 Lexus RX 350 Premium AWD
Term: 36/10K miles
MSRP: $61K
Selling price: $54,338 (11.2% off)
Incentives: none
Residual: 67%
MF: 0.00215
DAS: $1,682 ($1K equity + 1st mo)
Monthly: $682
Effective: $702 $3,000 rest of equity check to me
Congrats. Our originating dealer really wants our nx450h back only to put us in a new nx. They just don’t realise that i know the equity value here as well Driveway offered 52k, and buyout is $45k. I’m just debating if I should extend the lease for another 6mo or cash out and grab an RX.
7K is decent. I decided not to wait, wife already put some damage that shrunk the equity by 1K. Also, convenience of doing everything in one transaction can not be overstated - my 2021 RX equity extraction foray was a horror show.
Last month, the GM at this store was giving 9% off before incentives + buy rate on any gas RX or NX in stock, but this ended last week. PM me what is it that you looking for specifically, and I can ask him about Sept discounts.
Driveway offered 52k, and buyout is $45k. I’m just debating if I should extend the lease for another 6mo or cash out and grab an RX.