Lease Calculations, good deal or not?
05-31-10, 08:47 PM
#1
Driver School Candidate
Thread Starter
Lease Calculations, good deal or not?
I just purchased RX350 with nav and some other extras. MSRP was $48452, I had a 2008 RX which I loved, which I had 14 months left on my lease. Anyway my thought was to get rid of it now since by the end of lease I would have gone over with miles.
I saw a thread that mentioned a Money factor be 0022. Residual, botton line price. I still owed $26000 on the lease. They gave me $24000.00 for my 2008 w/o nav. and with all the inception fees, etc. I still had to come up with the deficit. So $3400. later and $620 a month 36 mos. 15k a year and residual is approx 25K.
This transaction took place this pass sunday and the salesman told me I only have a 720 credit score when I know it a lot higher also I mention $ 1000 Lexus loyalty he said I didn't qualify.
Did I get taken advantage or was it average.
Any Info will be greatly appriciated.
I saw a thread that mentioned a Money factor be 0022. Residual, botton line price. I still owed $26000 on the lease. They gave me $24000.00 for my 2008 w/o nav. and with all the inception fees, etc. I still had to come up with the deficit. So $3400. later and $620 a month 36 mos. 15k a year and residual is approx 25K.
This transaction took place this pass sunday and the salesman told me I only have a 720 credit score when I know it a lot higher also I mention $ 1000 Lexus loyalty he said I didn't qualify.
Did I get taken advantage or was it average.
Any Info will be greatly appriciated.
06-03-10, 10:41 AM
#4
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Join Date: Jun 2010
Location: MA
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I just purchased RX350 with nav and some other extras. MSRP was $48452, I had a 2008 RX which I loved, which I had 14 months left on my lease. Anyway my thought was to get rid of it now since by the end of lease I would have gone over with miles.
I saw a thread that mentioned a Money factor be 0022. Residual, botton line price. I still owed $26000 on the lease. They gave me $24000.00 for my 2008 w/o nav. and with all the inception fees, etc. I still had to come up with the deficit. So $3400. later and $620 a month 36 mos. 15k a year and residual is approx 25K.
This transaction took place this pass sunday and the salesman told me I only have a 720 credit score when I know it a lot higher also I mention $ 1000 Lexus loyalty he said I didn't qualify.
Did I get taken advantage or was it average.
Any Info will be greatly appriciated.
I saw a thread that mentioned a Money factor be 0022. Residual, botton line price. I still owed $26000 on the lease. They gave me $24000.00 for my 2008 w/o nav. and with all the inception fees, etc. I still had to come up with the deficit. So $3400. later and $620 a month 36 mos. 15k a year and residual is approx 25K.
This transaction took place this pass sunday and the salesman told me I only have a 720 credit score when I know it a lot higher also I mention $ 1000 Lexus loyalty he said I didn't qualify.
Did I get taken advantage or was it average.
Any Info will be greatly appriciated.
06-06-10, 07:41 PM
#6
Driver School Candidate
Thread Starter
2008 vs 2010 RX
Thank you so much. I feel much better now. Also how do you like the 2010 vs 2008. I feel the 2010 is much heavier bulkier more of SUV feel where as the 2008 was softer smoother more quick manuverable. I love the Nav. please send me your thoughts I'm curious to know. Thanks
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