My Take: The money factor on the 2010 RX isn’t very attractive right now, but the residual value is. You will need to do your best to knock off a decent amount off the MSRP in order to compensate for the high money factor. 10% off MSRP is generally what I recommend shooting for in these economic times. More, if the dealer has a lot of marketing/dealer/customer cash available for you. As you know, marketing, dealer and customer rebates are all provided by the manufacturer, NOT the dealer; therefore you need to get the dealer to discount you PLUS whatever the rebates the manufacturer has for you.
- Visit THE LIST for a list of recommended leases for the month.
- Support the site by requesting your quotes from Yahoo! Autos. Click Here to get started.
2010 Lexus RX350
2010 Lexus RX350 FWD w/o RES
36-month | 15k miles | residual 60% | .00255 base money factor
48-month | 15k miles | residual 51% | .00255 base money factor
2010 Lexus RX350 AWD w/o RES
36-month | 15k miles | residual 60% | .00255 base money factor
Actually, the 2010 RX 350 AWD with Premium Package has a residual of 62% and a MF of .00240 (.00220 for lexus owners).
You can buy down the MF by paying multiple security deposits (up to 9 security deposits, rounded up to nearest $50) – should bring the MF down to .00135. These deposits will be refunded to you at the end of the lease, minus unusual wear and tear, if any.
Thus, once you negotiate a nice cap cost value (invoice is doable right now [Feb, 2010]), you can have an affordable lease payment.
excellent advice tytek! thanks!