Anyone leased recently? What kind of rates you guys getting?

I'm buying two cars at the same time and I'm not getting the payments I want... Looks like I need to lease one of them...

I'm getting $1400 under invoice so far for 07 RX350....
$1000 under invoice for 06 GS300...

I'm going to dealer tomorrow to find out what they have to offer.
But, just want to check with you guys and get some numbers befor I go.

 

07's are already under invoice? $1400 under invoice puts you at about $7000 under MSRP. Really?

If you've negotiated that well on the price, then don't blow it on the money factor (lease-speak for finance rate) or the residual value. The money factor is APR divided by 24; the 24 is arbitrary and has nothing to do with the number of months on the lease. For example, 1.9% APR is about .0008. There's something to shoot for.

On the residual value, I think a typical Lexus lease has it at 59% of MSRP after 36 months. Many people think lower is better, because then it's cheaper to buy the car at the end of the lease if you want to. But the higher it is, the smaller your lease payments will be. If you think you might want to buy it later, then I'd suggest forgetting the lease and buying it now while interest rates are lower. Otherwise, go high on the residual value. Just play stupid and say "you mean a Lexus - a Lexus - will only be worth 59% in 3 years???"
A few people have posted how they can buy their 2004 RX 330's after the lease right now for a good deal. That's probably true, as I'd estimate my 2004 RX 330 (which I've had for 36 months now) is worth about 64% of MSRP at the moment as a trade-in, or more like 70% at retail.

 

Yes, I just recently leased an '07 w/ nav. I picked it up on mon. The truck has everything except levinson and air suspension. MSRP was nearly 47000. 41800 out the door plus I insisted on the heavy duty all weather mats. 513.60 per mo. w/ no money down other than tax title and fees. I decided to use the multiple security deposits since it knocked about $75 of the lease.

 

I think It's going to be around $455 with tax for me with minimum down payment... like $2,000? or so?
No navi, no ML....

 

I'm at the starting gate. 1st # was $610 tax in with NAV. $2000 above invoice. I hate buying a car. Frustrating game. Sounds like I should get to $550 or so. Any advice helpful. I'm thinking of telling sales guy he's pushing me towards an ML350.

 

Financing and leasing are actually very scientific. You should always know what your payment is going to be *before* walking in to the dealer, because it's based on what you're willing to pay for the new car, the APR/money factor, and for a lease, residual value.
Edmunds has payment calculators for both leases and loans here:
http://www.edmunds.com/apps/calc/CalculatorController

 

Here's some numbers I got for RX with NAV around here in SoCal...

2007 Lexus RX350 AWD
36 months, allowing 12,000 miles per year (48 mo lease isn't that good)
$932.07 = cash from you
$503.79 = payment, plus tax
$542.83 = payment, including tax @ 7.75%

May be it might make sense to have it delivered??? May be not....
I was going to do it but all the cars available now are from Canada...

 

This was the deal I got back in mid-May, before Lexus lowered the MSRP by $900.

Based on the lease quotes on this thread, it looks like Residual and Money Factor is compensating for the $900 discount?