NX price paid/ Lease
09-18-18, 11:17 AM
#916
It seems that when anyone gets more than 10% off MSRP, as is the case here, it's a good deal. I can't address the Camry trade-in.
Last edited by fredw1; 09-18-18 at 11:18 AM. Reason: typo
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claarn (09-18-18)
10-04-18, 05:12 PM
#917
I'm 1 week away from my is350 lease expiring and just got a 36month$0 down/10k miles per year lease on a 2019 Lexus NX300 F-Sport AWD in USB with the red interior with a MSRP of $50,176 for $465 per month + $3200 includes 1st month payment+ $1600 in taxes, + all aquisition/doc/ title fee's.
I think it's a good deal, thoughts?
I think it's a good deal, thoughts?
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LexNYC83 (03-15-20)
10-04-18, 07:30 PM
#918
I'm 1 week away from my is350 lease expiring and just got a 36month$0 down/10k miles per year lease on a 2019 Lexus NX300 F-Sport AWD in USB with the red interior with a MSRP of $50,176 for $465 per month + $3200 includes 1st month payment+ $1600 in taxes, + all aquisition/doc/ title fee's.
I think it's a good deal, thoughts?
I think it's a good deal, thoughts?
10-04-18, 07:40 PM
#919
$1k Lexus loyalty is what the dealer said as far as I know for incentives.
Other dealers wanted $499+ every month and over $4k to sign and drive.
10-05-18, 08:32 AM
#920
I'm 1 week away from my is350 lease expiring and just got a 36month$0 down/10k miles per year lease on a 2019 Lexus NX300 F-Sport AWD in USB with the red interior with a MSRP of $50,176 for $465 per month + $3200 includes 1st month payment+ $1600 in taxes, + all aquisition/doc/ title fee's.
I think it's a good deal, thoughts?
I think it's a good deal, thoughts?
1. The most important is the cap cost (capitalized cost or price of the vehicle--not MSRP unless you decide to pay MSRP).
2. The money factor, which translates to the interest rate.
3. The residual value. The difference between this and the cap cost is how much you're paying (principle and not interest) to use the car for the lease period.
Another consideration is costs for excess miles, but for most people this is minor compared to the three above.
10-05-18, 09:09 AM
#921
You really need to know three things in order to know if you're getting a good deal:
1. The most important is the cap cost (capitalized cost or price of the vehicle--not MSRP unless you decide to pay MSRP).
2. The money factor, which translates to the interest rate.
3. The residual value. The difference between this and the cap cost is how much you're paying (principle and not interest) to use the car for the lease period.
Another consideration is costs for excess miles, but for most people this is minor compared to the three above.
1. The most important is the cap cost (capitalized cost or price of the vehicle--not MSRP unless you decide to pay MSRP).
2. The money factor, which translates to the interest rate.
3. The residual value. The difference between this and the cap cost is how much you're paying (principle and not interest) to use the car for the lease period.
Another consideration is costs for excess miles, but for most people this is minor compared to the three above.
10-05-18, 11:04 AM
#922
Money Factor .0005
Capital cost is 45721 minue $1k Lexus loayalty = 44721
Planning to go ahead with this offer this weekend.
Last edited by redraptor; 10-05-18 at 11:12 AM.
10-05-18, 05:47 PM
#923
10-06-18, 03:08 PM
#925
Ouch, this is brutal. Why do you have to get a 64 month lease? You will end up paying 40K for this lease plus cover a lot of maintenance costs after the 3rd year. It seems to me that you are better off buying a 1-2 year old NX for the same amount of money.
10-06-18, 03:56 PM
#926
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i looked at a used car but I could not find anything for 620 a month. At the end of the lease the plan is to buy it out.
I just got off a mazda 3 lease for 5 yrs. i spent like 60 bucks a year on oil and thats it. Ppl exaggerate maintenance costs.
plus resale is really high on these and in 5 years I could sell it and make a small profit.
Last edited by Jmask5; 10-06-18 at 04:11 PM.
10-07-18, 09:08 AM
#928
10-13-18, 04:58 PM
#929
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This is close to the 1% MSRP rule. I had been negotiating with BMW and Audi dealers around the midwest and east coast for X3 and Q5s. The money factor is so much higher on BMW/Audi vs Lexus.
We liked the NX and this is our first lease ever, so here is where I got. I was initially quoted $551/month $0 sign and drive.
I got them down to:
2019 Lexus NX F Sport AWD, Obsidian exterior, circuit red interior
MSRP: $48,457
Selling Price: $41,439.72 (including $2500 in rebates)
36 month, 12k miles per year (57% residual)
Ohio here, tax rate of 7.25%. Tax is due on leased portion of vehicle upfront here in Ohio.
Lease: $495/month sign and drive. $495 due at signing for the first month payment. All other fees rolled in. 36 months, 12k miles per year
I told them I didn’t care what money factor, residual etc they used. I only cared about the monthly payment. (the money factor was 0.00055 though)
Is this a good deal for an NX? I was initially quoted $551/month - $613/month from several dealers.
I could not get a BMW X3 (navigation, convenience package) or an Audi Q5 premium plus (nav) for less than $600/month. With very similar MSRPs. The residual of BMW is higher than Lexus, but the money factor on the BMW and Audi was 3-4x higher.
Please let me know what you think. Very good at negotiating here as a real estate agent. My local Lexus dealer agreed to match the $495 but claim they would be taking a $1900 loss on the vehicle and making it up on volume. Does anyone believe that? Doesn’t Lexus give them the rebate money back? Not that $4600 off MSRP isn’t a lot (almost 10%) but...
Thank you everyone. Totally appreciate all the comments on other posts, they were super helpful to learn about leasing.
We liked the NX and this is our first lease ever, so here is where I got. I was initially quoted $551/month $0 sign and drive.
I got them down to:
2019 Lexus NX F Sport AWD, Obsidian exterior, circuit red interior
MSRP: $48,457
Selling Price: $41,439.72 (including $2500 in rebates)
36 month, 12k miles per year (57% residual)
Ohio here, tax rate of 7.25%. Tax is due on leased portion of vehicle upfront here in Ohio.
Lease: $495/month sign and drive. $495 due at signing for the first month payment. All other fees rolled in. 36 months, 12k miles per year
I told them I didn’t care what money factor, residual etc they used. I only cared about the monthly payment. (the money factor was 0.00055 though)
Is this a good deal for an NX? I was initially quoted $551/month - $613/month from several dealers.
I could not get a BMW X3 (navigation, convenience package) or an Audi Q5 premium plus (nav) for less than $600/month. With very similar MSRPs. The residual of BMW is higher than Lexus, but the money factor on the BMW and Audi was 3-4x higher.
Please let me know what you think. Very good at negotiating here as a real estate agent. My local Lexus dealer agreed to match the $495 but claim they would be taking a $1900 loss on the vehicle and making it up on volume. Does anyone believe that? Doesn’t Lexus give them the rebate money back? Not that $4600 off MSRP isn’t a lot (almost 10%) but...
Thank you everyone. Totally appreciate all the comments on other posts, they were super helpful to learn about leasing.
