Is this a good lease deal?
08-15-14, 10:22 AM
#1
Is this a good lease deal?
So I'm looking to possibly lease a RX 350 and i've nevered leased before. I usualy buy my cars but I feel we would want a new family car every 2-3 years. My local dealer is offering this current deal for a 2015 RX350:
24 month lease special. $259+tax, $4,999 plus tax and license due at signing, 7,500 miles/year, residual set at $34,742.89, based off an MSRP of $47,593, Gross Cap Cost of $44,605, no security deposit required, includes $500 Lexus lease cash, includes complimentary 1st payment up to $700, must lease through LFS, on approved credit, includes pro trim, dealer additional options not included, A documentary service fee in an amount up to one hundred and fifty dollars may be added to the sale price or capitalized cost
We don't drive much so it fits within our milage range. I'd rather not put any money down which i assume would increase the monthly payment. My credit is excellent. Thanks for the help
24 month lease special. $259+tax, $4,999 plus tax and license due at signing, 7,500 miles/year, residual set at $34,742.89, based off an MSRP of $47,593, Gross Cap Cost of $44,605, no security deposit required, includes $500 Lexus lease cash, includes complimentary 1st payment up to $700, must lease through LFS, on approved credit, includes pro trim, dealer additional options not included, A documentary service fee in an amount up to one hundred and fifty dollars may be added to the sale price or capitalized cost
We don't drive much so it fits within our milage range. I'd rather not put any money down which i assume would increase the monthly payment. My credit is excellent. Thanks for the help
08-15-14, 11:19 AM
#2
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Lease deal
In my humble opinion you can do better then this. I am not sure where you are located, but you can probably reduce the selling price of the vehicle to lower your payments. Recent RX purchases range from 4K to 5K+ off MSRP. Do not negotiate monthly payments, only negotiate on the selling price of the vehicle. The only other numbers that matter are the residual (72%) and the money factor (.00105), but those are set and non-negotiable.
You do not need to put a down payment down, that is totally up to you. Of course your monthly payments will increase. Only thing really due at signing is 700 acquisition fee, document fee, state dmv fees( actually, you can roll these in your lease and pay nothing up front) Tax may be due up front depending on state you live in.
Again, do not negotiate monthly payments. The dealership can always make your monthly payments more attractive by requiring a down payment. The selling price is the most important.
You do not need to put a down payment down, that is totally up to you. Of course your monthly payments will increase. Only thing really due at signing is 700 acquisition fee, document fee, state dmv fees( actually, you can roll these in your lease and pay nothing up front) Tax may be due up front depending on state you live in.
Again, do not negotiate monthly payments. The dealership can always make your monthly payments more attractive by requiring a down payment. The selling price is the most important.
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