Is this Lease deal fair?
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Is this Lease deal fair?
Hi guys, long time lurker, first time poster:
My Mom wants to lease an RX350, and this is the deal that's being offered. Keep in mind her credit is "Tier 3", does this seem decent/fair or should we run the other direction?
Sale Vehicle: New 2015 LEXUS RX 350 2WD 9420 4dr Wgn w/AC , Automatic , Odom: 0
Payment Details
Term 36
Base Payment 425.52
Total Payment 463.82
Purchase Option 30,044.33
MSRP 49,253.00
Est. Miles Per Year 10,000
Disposition Fee 350.00
Excess Mileage Charge 0.25
Amount Due at Signing
1st Month Payment 463.82
Fees & Insurance 479.75
Upfront Taxes 340.72
Cap Reduction (Cash) 2,215.71
Total Inception Fees 3,500.00
Rebate as Cap Reduction 1,500.00
Total Drive Off 5,000.00
How Inception Fees are Paid
Cash as Drive Off 3,500.00
Total Credits 3,500.00
Remaining Due (Still Owed) 0.00
Total Cash Required on Delivery 3,500.00
Tax Information
Customer State: California Customer County: LOS ANGELES
Type Amount Rate Paid
Cashdown Tax 246.07 6.5000 Upfront
Cashdown Tax 56.79 1.5000 Upfront
Cashdown Tax 37.86 1.0000 Upfront
Monthly Tax 27.66 6.5000 Capped
Monthly Tax 6.38 1.5000 Capped
Monthly Tax 4.26 1.0000 Capped
Fee Information
Description Amount Paid
Doc Fee 70.00 Upfront
Reg 371.00 Upfront
FlatAddCountyFee 10.00 Upfront
Tire Fee 8.75 Upfront
Smog Abatement Fee 20.00 Upfront
My Mom wants to lease an RX350, and this is the deal that's being offered. Keep in mind her credit is "Tier 3", does this seem decent/fair or should we run the other direction?
Sale Vehicle: New 2015 LEXUS RX 350 2WD 9420 4dr Wgn w/AC , Automatic , Odom: 0
Payment Details
Term 36
Base Payment 425.52
Total Payment 463.82
Purchase Option 30,044.33
MSRP 49,253.00
Est. Miles Per Year 10,000
Disposition Fee 350.00
Excess Mileage Charge 0.25
Amount Due at Signing
1st Month Payment 463.82
Fees & Insurance 479.75
Upfront Taxes 340.72
Cap Reduction (Cash) 2,215.71
Total Inception Fees 3,500.00
Rebate as Cap Reduction 1,500.00
Total Drive Off 5,000.00
How Inception Fees are Paid
Cash as Drive Off 3,500.00
Total Credits 3,500.00
Remaining Due (Still Owed) 0.00
Total Cash Required on Delivery 3,500.00
Tax Information
Customer State: California Customer County: LOS ANGELES
Type Amount Rate Paid
Cashdown Tax 246.07 6.5000 Upfront
Cashdown Tax 56.79 1.5000 Upfront
Cashdown Tax 37.86 1.0000 Upfront
Monthly Tax 27.66 6.5000 Capped
Monthly Tax 6.38 1.5000 Capped
Monthly Tax 4.26 1.0000 Capped
Fee Information
Description Amount Paid
Doc Fee 70.00 Upfront
Reg 371.00 Upfront
FlatAddCountyFee 10.00 Upfront
Tire Fee 8.75 Upfront
Smog Abatement Fee 20.00 Upfront
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