Mattspiral

anybody have info on the RCF leasing numbers, such as the money factor, residual and all that good stuff?
been emailing my dealership. haven't received a word back from them yet.

thanks.

jasonviper

I don't have mf, but my dealer sent me residuals and let me warn you, they are not good! I'll try to find the email and post later.

Mattspiral

oh man. i wonder how bad it is, lexus usually have good residuals on their vehicles, if its under 60% then i would be really surprised.

jasonviper

Yeah that's what I thought, but they are really trying to capitalize on the RC F. And it is under 60% for 36 month. Smh

jasonviper

24 Month Lease: 68%
27 Month Lease: 66%
36 Month Lease: 59%

jasonviper

24 Month: 66%
27 Month: 64%
36 Month: 57%

jasonviper

I forgot to mention that these are even the promotional residuals for December to Remember (11/12 - 1/3/15). So if you were hoping December would be better than this month, think again.

aWorkOfArt

^ I dont know much about leasing and the numbers, but I hope it doesnt discourage you from getting an RCF... it truely is a beautiful machine

jasonviper

Oh there is no doubt that it's an amazing machine, but it's getting harder to justify. Especially when the BMW (M4) becomes the bargain (better residual and mf). There is just something wrong with saying bargain and BMW in the same sentence lol. C'mon Lexus, the RC F will clearly have a better resale value than a RC 350 so reflect it in your residuals.

SW17LS

BMW has always had more aggressive leases than Lexus...

LO 21

iTrader: (5)

I've only ever bought cars, so not sure how leases work.

What is the money factor, and why is the residual value such an important factor if you'll be giving back the car at the end of the lease term? Do they price your lease payments based on the residual value that they're giving you? To lower your lease payments, are you negotiating on more than just the actual price of the car?

rominl

iTrader: (4)

money factor is basically the "rate". multiply money factory by 2400 and that's the %

i strongly suggest some googling on how leasing works and how cap cost, residual, money factors, and cap cost reduction come into play. i think it's some good reading regardless

but in short, you negotiate on the price of the car (cap cost). residual is set by bank so not something you can control. money factor (rate) obviously affects your payment and most of the time is dictated by your credit history, though sometimes (rarely) you can bargain for. for lfs (lexus financial services) there is also the msd (multiple security deposit) trick that you can do to lower the money factor

rominl

iTrader: (4)

^^ this

if someone is to compare lease option apple to apple between lexus and bmw / mb, most of the time lexus loses.

SW17LS

Lexus has gotten MUCH Amore aggressive in the past couple years though...but they still trail BMW.

rominl

iTrader: (4)

yes, especially since 2012 from what i see. imho that's a smart move.