09 Lexus RX Lease Rates – June 2009

logo_lexusMy Take: Here are the RX350’s lease rates for you Lexus RX lovers. I think the MF is a bit high, so you may want to wait a little bit to see if it drops down the road. Eventhough this is a 2010 model, you may be able to get some discounts off MSRP. Below invoice, however, is probably unlikely.

2010 Lexus RX35

2010 Lexus RX350 2WD
24-month | 15k miles | residual 64% | .00245 base money factor
36-month | 15k miles | residual 57% | .00245 base money factor

2010 Lexus RX350 AWD
24-month | 15k miles | residual 64% | .00245 base money factor
36-month | 15k miles | residual 57% | .00245 base money factor

12 thoughts on “09 Lexus RX Lease Rates – June 2009

  1. I’ve been considering one of the remaining 2009 RX400h models and possibly a 2010 RX450h. Any idea as to how the residuals and MF’s are looking right now?

    • @warren. I haven’t RX numbers since June, that’s why I haven’t posted any. I’ll look around some more to see what turns up. It’s becoming harder and hard to find these numbers it seems.

  2. G,
    I guess maybe it would be safe to assume the numbers haven’t changed much, maybe give or take a % here and there and a reasonably close MF.

    • @warren. not exactly. it may be possible that LFS increased the money factor to make leasing less attractive than buying. The residual however should be fairly consistent, meaning that it may have come down 2-3% since June. I really suggest calling dealers for the residual and MF on any remaining 2009 models. We are nearing the end of the year, so 2010 are pretty much everywhere, this means getting 2009 numbers becomes much more difficult.

  3. Thanks G. I’m going to start calling some of the local Lexus dealers to get some of the latest numbers. I’ll be sure to reply back with my findings. It sounds like the RX MF was a tad too high back in June when you posted numbers and the residuals are borderline. I’m wondering if there are even any 2009 models left given the RX400h appeared to be in limited availability.

  4. I’ve been looking at the new 2010 RX450h (hybrid) and just had a chance to test drve one last weekend. In talking to the dealers, the current residuals are running 67% @ 24 months and 60% @ 36 months for 15K miles. LFS is currently offering a .00251 MF. What I found, though, is that these things comes standard loaded with pricey options from Lexus with a default MSRP of $51K. Dropping some of the options, like Premium, Nav and Comfort packages takes the price down to the mid $40’s, but this is considered a “special order” vehicle which takes about 4 months to arrive.

    • @warren. that’s some crummy news there. Special Order? Wow. The numbers don’t look too bad. the MF is a bit high, but workable with such a high residual value. Did your dealer offer you the option of MSDs?

  5. G,

    I haven’t asked the dealers about multiple MSD’s yet, but that is definitely the next step, if I take the plunge and get serious about the RX450h. I’m still contacting other Lexus dealers to see what they have as well.

    Would like to downsize and either trade in or sell privately my 2006 gas guzzler, so I’m wondering if I can get some good lease numbers on an RX450h, should I consider applying trade equity to a lease? I guess maybe it depends if the dealer gives a KBB/Edmunds trade-in value. That alone could be a deal breaker. I sure wouldn’t mind a pocket change lease payment every month. Any thoughts on the best approach in this case?

    • @warren. I would find out the trade in value if your gas guzzler first before making any major decisions. You certainly should try to pocket as much of the equity as you can and just use some of it to the inception fees. Take your time because I suspect any deal that can be had right now should last until early January since it’s the holiday season and Lexus tends to have their “holiday event” around this time.

  6. Thanks G. I think I have a pretty good idea of trade-in value on my 2006 SUV. It sounds like I would be able to apply part of the equity to cover inception fees and then pocket the remaining as cash back, is that correct? Thanks also for making me aware of the Lexus “holiday event”. I’m definitely in no hurry and am also considering a Toyota Highlander Hybrid and have been running “number scenarios” on both vehicles. BTW, I heard Toyota raised their residuals this month, so the Highlander is looking like it might now be a better prospect too.

  7. I can’t seem to find the residual and money factors for a 2010 rx450h anywhere on the net. Can somebody help me with this ?


  8. @kunal. I’ve been researching this vehicle the past month or so as well and here is what I’ve found. The local dealers are saying a 67% residual at 24 months and 60% at 36 months. The money factor for the “December to Remember” lease event is .00220 as G indicates for the base rate in his November lease numbers for the RX. I haven’t inquired on residuals past 36 months though. My local dealers aren’t offering very good discounts off the MSRP (about 6-7%), so it looks like multiple security deposits are going to be the only way to get the payments down on the RX450h. The 24 month lease is actually the better deal, but I’m still going to wait it out a bit on the RX450h. I’m also considering the Toyota Highlander Hybrid, which has the strong residuals, but offers a lower sales price and MF. Toyota is offering .00155 on all remaining 2009 models.

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