That's great that you were able to get the vehicle you wanted. You are exactly right there are auto's out there if you have some patience and search. Being passive when trying to find an auto will not provide great results. You've done well. Sometimes you have to go outside your own market especially if your local is jacking up the price with add-ons and ADM's. Not all dealerships are the same. As of today lease rates for base-premium and luxury package RX 350's are still the same and offering the best lease terms of any lexus product.

 

If one is not aware of the actual MF and residuals then they have not done their homework. There is nothing that is hidden that can not be informed upon with doing the right amount of homework. I'm not saying you are doing this but the ones that bark the loudest against leasing are often the ones that have no idea of how the process really works. You don't see people bragging about their great financing deals either. Yes leasing isn't as great right now as it has been but neither is financing. Again, I have proven that I can lease vehicles and pay less in 10 years than someone pays in 5 years. And if someone mentions an equity exception, meaning that you don't have equity unless you are financing your vehicle, I would point to the fact that you can lease then purchase your vehicle anytime you want. Just like you can sell it anytime you want. You won't be paying that much difference if you lease then buy your vehicle versus financing it our right. Some people don't want to keep a vehicle beyond 5 or 10 years and have to worry about the potential costs associated with out of warranty problems or not having the latest tech and safety features. Yes financing your vehicle may be the best option if you plan to keep the car for over 10 years or longer but many don't want that. When financing, technically you don't "own" the vehicle until you have paid it off. “Yes, you technically own the car. You’re responsible for taxes, registration, and maintenance. However, you don’t own it “”free and clear,”” which means you no longer owe money on it.
The bank is the lienholder of the loan, which means if you don’t fulfill your obligation to pay the loan, they can repossess it. I'm honestly tired of those that bash leasing or make claims just because of lease bias, when it's usually people that have no idea of how leasing actually works. I will admit it can be challenging trying to understand all of the terms and processes but that's why you educate yourself. if you don't then that's on you. Leasing is not just only beneficial if you have a business and can deduct it. That's a cop out. This will likely cause a flame war but I'm ready because I know what I'm doing and many others don't. It may take more work to understand the leasing process than learning the financing process but that doesn't make it less viable. Again, you obviously have some knowledge of the industry and this post isn't directly pointed towards you but it needs to be said.

 

You say tomato and I say tamato. Unless you know someone in the Lexus hierarchy you will never know the buy rate on the MF. That’s a fact. You can do all the research you want and come up with what others say they may be paying but that’s what they paid, not what the true MF buy rate is. Yes I understand the leasing game very well since I used to handle them for a large Ford dealer for many years. If one has to finance their interest rate is disclosed to them. It’s their job to figure out if it’s a good rate or not and there are many ways to research the rates. That’s not true on a lease. You can go to a subreddit or other places to find out what others are paying but unless you’ve seen the dealers buy rate sheet it is nothing but smoke and mirrors. Leasing is not for me the same that financing isn’t for me unless their is a rebate dependent on financing and then I do a one pay and am done with it. What’s happened over the last two or three years on buying out leases is a market anomaly that may never happen again. Great for those people that were smart enough to buy their vehicles at lease end but in a normal market pre covid that was not the smartest option at all. Now, I’m returning this to the people here who are tired of reading this junk and let them get back to finding their best deal on a new Lexus. This thread has went way off topic and I’m done with it.

 

I agree this thread has gone off topic. Your opinion is just as important as mine. I would never reduce your opinions or regard them as junk even if I disagree. I worked for Toyota so I know what I'm talking about. This should be respectful discourse and not an argument. But not in this thread anymore. I can tell you that you have been incorrect on a few points.
1) About finding where you can find MF on vehicles. https://forums.edmunds.com/discussio...-prices#latest. Any reputable dealer, especially lexus will disclose to you if you ask. Money Factors are represented on a contract and you can determine the MF on your own if you have the math.
2)That residuals can be negotiated. They aren't, they are set!

So stop making it sound like all dealers are unethical. There are bad ones yes. If a dealer won't tell disclose that info. then you should move on. It's not all smoke and mirrors. But you are correct on this point. This side-track should end.
Now I'm done.

 

Gorgeous, both cars!

 

Which dealer pls?

 

Hi, I challenged the $5K above MSRP, found another dealer that was selling for MSRP and the local dealer accepted the reduction. Not much wiggle room on price, they literally have no vehicles to look at or test drive at the dealer, had to put my name on a waiting list along with a refundable $1K.

 

Anyone getting a 2022 450h that has taken delivery recently? When did they/will they stop production on the 2022? Any supply problems now?

 

My RX450h was manufactured the 3rd week of August, still waiting for delivery!

 

Thats about when mine is.. He sent me when it went into production, so something is wrong.

 

Is your incoming RX set to be equipped with Mark Levinson audio?

 

Yes, I have nav + the Mark Lev. Audio system.

 

Read the end of this post.
https://www.clublexus.com/forums/rx-...l#post11356053

 

I just purchased a 2022 RX350 from Lexus of North Miami after searching dealers’ inventory for a couple of weeks. Probably 70% of the RXs that are in transit have deposits on them already. If you know what you’re looking for, look at the ones in transit and see if they’re spoken for. I started on one, but it was sold. They had another just like it with a couple of more options on it that I bought. I didn’t pay msrp, but close. The demand for these RX’s is very high. They added whatever I asked for, so I’m happy. I live in Tennessee and they delivered it to my door. Paper work was done by FedEx next day air.

 

Yes mine will have the ML sound system as well. Probably whats holding it up.