Lease Quotes RCF & RC
Pole Position
Joined: Oct 2006
Posts: 365
Likes: 0
From: texas
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
Pole Position
Joined: Jul 2013
Posts: 257
Likes: 1
From: NJ
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
???
Driver
Joined: Nov 2005
Posts: 157
Likes: 0
From: MO
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.
Thread Starter
Driver School Candidate
Joined: Nov 2014
Posts: 5
Likes: 0
From: GA
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.
Driver School Candidate
Joined: Oct 2014
Posts: 18
Likes: 0
From: AZ
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%
Pole Position
Joined: Oct 2006
Posts: 365
Likes: 0
From: texas
Lexus Champion
Joined: May 2014
Posts: 1,746
Likes: 25
From: CT
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!
Lexus Fanatic
Joined: May 2012
Posts: 68,816
Likes: 4,099
From: Maryland
Yikes on that RC-F lease. Thats an S550 lease number...
Lexus Test Driver
Joined: Jun 2012
Posts: 981
Likes: 11
From: CA - California
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.
Lexus Fanatic
Joined: May 2012
Posts: 68,816
Likes: 4,099
From: Maryland
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.