atomarchio

Has anyone successfully used Costco pricing in order to LEASE an RX350?

I understand the Costco pricing for purchasing the vehicle is simple.

But how can I confirm lease price is actually discounted?

Please let me know. Thanks.

joewnj

I live in NJ. I got the Costco price on a lease last week. They took about 2800 off the selling price of the car. The monthly lease cost depends on the list price, selling price, residual, cost of money, length of lease and number of miles per year. I used the following site to learn more about leasing since I had always purchased my cars. If the url does not appear or gets taken out. google lease hackr http://leasehackr.com/

atomarchio

Thanks for sending this link.

Do you know of any other good websites that would help me with negotiating lease price of an RX350?

joewnj

I am not an expert on leasing. I only leased for the first time last week. Maybe others can add to this discussion. Some of the factors are determined by the manufacturer, some by the dealer. Obviously selling price is negotiable. But residual and cost of money (money factor) is determined by Lexus. But some dealers may change these to get a higher monthly lease cost. I would read the section on the leasehackr web site about leasing 101 to get started. I also found that discussions on edmunds will give you the money factor (which seems to change monthly) and residuals. Maybe others can add to the discussion. I would like to learn more to get a better monthly cost for my next lease.

atomarchio

I was looking at Truecar website and it's very useful information. However, it's only for buying and not leasing.

Was hoping a similar website would exist for people who lease cars. Especially where it tells you how good of a deal you actually got. That would be ideal for me. At least I could figure out what I should really be paying.

The Costco purchase price alone is just not enough information for me to tell.