ALL About Leasing and Buying
#166
Driver School Candidate
Join Date: Sep 2016
Location: California
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
Lease transfering
Hey guys. I saw the sticky had a little bit mentioned about lease swapping. I was wondering if anyone has more information about it? Its something I want to consider doing. Has anyone ever gone through it? Any tips or information will be much appreciated.
#167
I know this is over a month old in replying but I did a Lease takeover and overall, it was pretty simple. Let me know what questions you have specifically and I will be happy to answer.
Last edited by Elitedax3; 11-17-16 at 07:34 AM.
#168
I have a question for some of you lease guru's.
I live in PA with tax of 6%. There is a vehicle in GA I am looking at and for leasing, I believe they charge tax based on the full price and not the leased amount. Can anyone tell me how that would impact me if I am buying it in GA and then registering it in PA where I live? This is all for a lease so I am wondering how it would impact my payments. Thank you in advance!
I live in PA with tax of 6%. There is a vehicle in GA I am looking at and for leasing, I believe they charge tax based on the full price and not the leased amount. Can anyone tell me how that would impact me if I am buying it in GA and then registering it in PA where I live? This is all for a lease so I am wondering how it would impact my payments. Thank you in advance!
#169
Lexus Fanatic
I have a question for some of you lease guru's.
I live in PA with tax of 6%. There is a vehicle in GA I am looking at and for leasing, I believe they charge tax based on the full price and not the leased amount. Can anyone tell me how that would impact me if I am buying it in GA and then registering it in PA where I live? This is all for a lease so I am wondering how it would impact my payments. Thank you in advance!
I live in PA with tax of 6%. There is a vehicle in GA I am looking at and for leasing, I believe they charge tax based on the full price and not the leased amount. Can anyone tell me how that would impact me if I am buying it in GA and then registering it in PA where I live? This is all for a lease so I am wondering how it would impact my payments. Thank you in advance!
#170
#171
Lexus Fanatic
Anytime. Good luck!
#172
Lexus Champion
I have a question for some of you lease guru's.
I live in PA with tax of 6%. There is a vehicle in GA I am looking at and for leasing, I believe they charge tax based on the full price and not the leased amount. Can anyone tell me how that would impact me if I am buying it in GA and then registering it in PA where I live? This is all for a lease so I am wondering how it would impact my payments. Thank you in advance!
I live in PA with tax of 6%. There is a vehicle in GA I am looking at and for leasing, I believe they charge tax based on the full price and not the leased amount. Can anyone tell me how that would impact me if I am buying it in GA and then registering it in PA where I live? This is all for a lease so I am wondering how it would impact my payments. Thank you in advance!
#173
Racer
I haven't read through all of the posts yet and am not sure if it has been asked already. I understand that you save yourself risk by not putting money down, and the rational makes sense. However, if we set the down payment aside instead to pay the additional increase in monthly lease payments, aren't we being charged interest/MF on that higher monthly payment (the difference on the lease payment, due to no down payment)?
#175
Racer
The way I've calculated it, my wife's 2006 ES 330 (purchased Oct 2005, new at MSRP(!), before we met ), has cost $307/month to own/operate/maintain the past 12 years. I didn't factor in insurance because I don't know what insurance rates are for a leased car but I imagine it would be higher. She is sentimental about her ES and it is still in excellent shape. She used to put 25K miles per year early on, but is consistently only logging 6K miles per year now. Although the car is in excellent shape at 125K miles and can probably go double that without issue, I am curious about leasing an NX for her (RX may be too big, and expensive). It would be nice to have an SUV/CUV in the family and the NX would be easy for her to drive and park, and allows her to sit higher (since she likes the driving position of my parents' 2007 RX). Anyways, it seems my wife would be a good candidate for a lease but I know she would only go for it if I can prove the lease payments would be close to what she historically paid for her ES on a monthly basis (which will keep getting cheaper the longer she keeps the ES). Since we've had the ES so long, it has been in one or two minor bumps. How do accidents affect a least and residual value at time of return or trade-in?
#176
Racer
#177
Lexus Fanatic
Leasing a car will never be cheaper than keeping a car for 12 years. If she's happy doing that, and you don't care to have a new second car every few years, I would buy her a new NX and keep it for another 12 years. Or...buy a used one and keep it for 12 years if you're good with that.
Big reason I lease is I don't want a used car, and I know I will want a new car in 3-4 years. If thats not something she wants, then I wouldn't spend the money.
Insurance is the same for a leased car vs a purchased car unless you carry low coverage typically.
As for accidents, any damage thats beyond excess wear and tear you'll have to repair before you turn it in or they will charge you. generally anything bigger than a credit card.
Big reason I lease is I don't want a used car, and I know I will want a new car in 3-4 years. If thats not something she wants, then I wouldn't spend the money.
Insurance is the same for a leased car vs a purchased car unless you carry low coverage typically.
As for accidents, any damage thats beyond excess wear and tear you'll have to repair before you turn it in or they will charge you. generally anything bigger than a credit card.
#178
Racer
Leasing a car will never be cheaper than keeping a car for 12 years. If she's happy doing that, and you don't care to have a new second car every few years, I would buy her a new NX and keep it for another 12 years. Or...buy a used one and keep it for 12 years if you're good with that.
Big reason I lease is I don't want a used car, and I know I will want a new car in 3-4 years. If thats not something she wants, then I wouldn't spend the money.
Insurance is the same for a leased car vs a purchased car unless you carry low coverage typically.
As for accidents, any damage thats beyond excess wear and tear you'll have to repair before you turn it in or they will charge you. generally anything bigger than a credit card.
Big reason I lease is I don't want a used car, and I know I will want a new car in 3-4 years. If thats not something she wants, then I wouldn't spend the money.
Insurance is the same for a leased car vs a purchased car unless you carry low coverage typically.
As for accidents, any damage thats beyond excess wear and tear you'll have to repair before you turn it in or they will charge you. generally anything bigger than a credit card.
#179
Thanks, Steve. I never expected a lease to be cheaper in our situation (recognizing your prior examples that it is possible for a lease to be cheaper in a 5-6 year breakdown), but was hoping to get close to our historical cost as a tool of persuasion. However, you're also right about respecting my wife's true wants. Although she does like to sit higher and I'd like to get her into an NX with the latest safety features, ultimately she has no interest for a new or different car. She is more than content driving her ES forever. Since she only drives the car to work and back, and fills up gas every two weeks or so, the ES may literally be her last car, barring any accidents that force us to give up the car. The ES interior and leather has held up remarkably well with few wrinkles. Aside from regular maintenance and tires, the ES has only needed an alternator. The bird's eye maple still looks fresh by today's standards. I guess I should stop thinking that I know what is best for her and accept that she's happy with her car. Cheaper to accept the truth in this case. I probably want the NX more than she does...well, really I would prefer a Macan or F-Pace for her but she's a devout Lexus faithful.
#180
Lexus Fanatic
I've never known Lexus to do loyalty or conquest rebates. They do lease cash which is a rebate that is available to everybody.
Airbag recall has nothing to do with rebates.
Airbag recall has nothing to do with rebates.