Lease Quotes RCF & RC
11-09-14, 06:22 AM
#16
Pole Position
Join Date: Oct 2006
Location: texas
Posts: 365
Likes: 0
Received 0 Likes
on
0 Posts
Yes the lease deals on the RC are crap. I went in to work a deal today and learned the following:
27 month 10K miles residual 72%
24 month 10K miles residual 74%
Money factor the quoted me for both terms .0028!! That is 6.75% interest! And I have a 780+ credit rating!
The residual values are very good but I have never heard of such a high money factor. I suspect the dealer was jacking up the rate. Their greed cost them a sale today though. The difference between this and a reasonable rate, say .001 or 2.5%, is roughly $180 a month difference on a 24 month lease. Ridiculous
27 month 10K miles residual 72%
24 month 10K miles residual 74%
Money factor the quoted me for both terms .0028!! That is 6.75% interest! And I have a 780+ credit rating!
The residual values are very good but I have never heard of such a high money factor. I suspect the dealer was jacking up the rate. Their greed cost them a sale today though. The difference between this and a reasonable rate, say .001 or 2.5%, is roughly $180 a month difference on a 24 month lease. Ridiculous
11-09-14, 06:44 AM
#17
Lexus Test Driver
As many have stated, new car means $$$$$$ you will get screwed on every nee car, i just helped mu buddy buy a MB GLA250, and also got screwed on a MF bc dealer wont budge on a new car
11-09-14, 07:25 AM
#18
It's Economics 101 with Supply and Demand !?!?
A new car as sexy as this there will be folks who will be more than willing to pay outrageous rates to be the " first kid on the block " !?!? Why would the dealer give out great deals now or even during December when they'll have a line out the door to purchase these ??
Patience is a virtue and will mean better deals in what ..... 6 months if that
???
A new car as sexy as this there will be folks who will be more than willing to pay outrageous rates to be the " first kid on the block " !?!? Why would the dealer give out great deals now or even during December when they'll have a line out the door to purchase these ??
Patience is a virtue and will mean better deals in what ..... 6 months if that
???
11-09-14, 07:50 AM
#19
Lexus Fanatic
I agree, in a few months the landscape will be VERY different.
11-09-14, 08:33 AM
#21
Driver
Join Date: Nov 2005
Location: MO
Posts: 157
Likes: 0
Received 0 Likes
on
0 Posts
I understand supply and demand but 6.75% interest is just greedy. And I stated it cost them a sale "today" which it did because the car is still there this morning. They will sell it soon I am sure but not to me with those terms.
11-09-14, 09:30 AM
#22
Driver School Candidate
Thread Starter
Join Date: Nov 2014
Location: GA
Posts: 5
Likes: 0
Received 0 Likes
on
0 Posts
They can be greedy right now due to the interest level but I'm not sure how long that will last. I just can't picture that many people opting for a lease at that cost, they called me yesterday asking me to just buy the car since the lease is so awful. I'm going to wait till the end of the year and see what they are willing to deal at that point.
11-09-14, 12:25 PM
#23
Driver School Candidate
Join Date: Oct 2014
Location: AZ
Posts: 18
Likes: 0
Received 0 Likes
on
0 Posts
27 month, 12K miles, 2500 down: just under 1600/month
36 month, 12K miles, 2500 down: 1400/month
Money factor was 0.0022. Residual @ 36 months was only 59%
11-09-14, 02:59 PM
#24
Pole Position
Join Date: Oct 2006
Location: texas
Posts: 365
Likes: 0
Received 0 Likes
on
0 Posts
11-09-14, 03:27 PM
#25
Lexus Champion
Any new car that comes out - leases will be pricey in the beginning! I also saw it this weekend when I went in for service. The salesman asked if I wanted a quote and I replied no! He laughed! The RC350 F-Sport is beautiful! - no doubt. I would wait for a few months to get one, though!
11-09-14, 07:52 PM
#28
Lexus Fanatic
Yikes on that RC-F lease. Thats an S550 lease number...
11-10-14, 06:21 AM
#29
Lexus Test Driver
As much as I hate to give the dealers ANY credit...It's a very efficient market. What we're seeing reflects the price they can get today, in that particular region, for a motivated buyer.
11-10-14, 08:24 AM
#30
Lexus Fanatic
They have the power to charge what the market will bear and you have the power to pay that, or wait until you have a stronger negotiating position. Nobody "owes" you a good deal.