2018 Lexus ES 350
03-24-17, 01:51 PM
#76
Lexus Champion
The tax part varies by state, but it's no different than trading in a financed car that still has a balance owed on it.
03-25-17, 11:22 AM
#77
It sounds like almost too good of a scenario but is certainly worth considering when my lease ends in May.
03-25-17, 12:32 PM
#78
Lexus Champion
No, if your residual is $30k and your trade in is $30k, you break even and pay $40k for your new one. In this example you simply have the choice of doing a lease return or skipping the hassle of inspection, fees, and mileage hits with a trade in.
If the residual were $30k but trade in was $35k, you could do a trade and pocket the $5k.
It would be the same as trading in a financed car where you owe $30k. A $30k trade value would break even.
The only time it really makes sense to return rather than trade a leased car is if you are not getting another or if the trade in value is less than the residual.
Hope me that makes sense.
If the residual were $30k but trade in was $35k, you could do a trade and pocket the $5k.
It would be the same as trading in a financed car where you owe $30k. A $30k trade value would break even.
The only time it really makes sense to return rather than trade a leased car is if you are not getting another or if the trade in value is less than the residual.
Hope me that makes sense.
Last edited by JDR76; 03-25-17 at 12:39 PM.
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Fillykonk (03-27-17)
03-26-17, 08:23 PM
#79
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The latest news is that the 2018 Lexus ES 350 will be introduced April 20 at the Shanghai Auto Show. Details to be released, with complete Lexus new model specifications released in mid-summer 2017.
03-27-17, 08:33 AM
#80
Lexus Test Driver
Originally Posted by lextooth
The latest news is that the 2018 Lexus ES 350 will be introduced April 20 at the Shanghai Auto Show. Details to be released, with complete Lexus new model specifications released in mid-summer 2017.
03-27-17, 10:30 AM
#81
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03-27-17, 12:28 PM
#82
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The Shanghai auto show is April 20, 2017, not in June. I got my information from the April 20, 2015 Shanghai auto show when the 2016 Lexus ES 350 was first shown. There is a very good chance that the 2018 ES 350 will be released at that time.
If you Google the 2015 Shanghai Auto show/Lexus ES 350, you will see the first photos of the new body.
If you Google the 2015 Shanghai Auto show/Lexus ES 350, you will see the first photos of the new body.
03-27-17, 12:44 PM
#83
Lead Lap
Thread Starter
The Shanghai auto show is April 20, 2017, not in June. I got my information from the April 20, 2015 Shanghai auto show when the 2016 Lexus ES 350 was first shown. There is a very good chance that the 2018 ES 350 will be released at that time.
If you Google the 2015 Shanghai Auto show/Lexus ES 350, you will see the first photos of the new body.
If you Google the 2015 Shanghai Auto show/Lexus ES 350, you will see the first photos of the new body.
03-27-17, 04:01 PM
#85
Lead Lap
Thread Starter
04-05-17, 04:11 AM
#86
If the salesperson specifically said the GS350 was getting discontinued, that statement could be correct as Toyota/Lexus has committed to bringing out several new engines in the future. So it might be safe to say the GS will still be around but with a different displacement and therefore a different number after the letters. IMHO See this article https://lexusenthusiast.com/2016/12/...hybrid-system/
The Lexus GS Might Soon Be Dead But Will Anyone Miss It?
Tom McParland3/17/17 11:24am
Filed to: LEXUS GS
http://jalopnik.com/the-lexus-gs-might-soon-be-dead-but-will-anyone-miss-it-1793369904
04-05-17, 05:53 AM
#87
Lexus Fanatic
That article is actually still based on a rumor that was proven to be untrue. The next gen GS has a chassis and development code, so it appears there will in fact be a next generation GS.
04-20-17, 03:18 PM
#88
Lead Lap
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If anyone sees any please put them up on the forum.
04-20-17, 05:45 PM
#89
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https://lexusenthusiast.com/2017/04/...ai-motor-show/
Seems this is only info I've found from the show. I was also hoping to hear if any changes were coming to 2018 ES.
Seems this is only info I've found from the show. I was also hoping to hear if any changes were coming to 2018 ES.
04-21-17, 02:22 PM
#90
ES is due for a model change in the first half of next year, if the 6 year model cycle continues.
Plus ES shares platforms with Camry and stretched wheelbase Avalon, and next Camry is released late this year.
Will be interesting to see what 7th gen ES brings, including direct injection and 8 speed auto from 4GS, onto Toyota Highlander, and then onto 2018 Camry.
2018 Camry styling isn't good to my eyes, so it will be interesting what 2018 7ES styling brings; hope it's not something too whacko...
Plus ES shares platforms with Camry and stretched wheelbase Avalon, and next Camry is released late this year.
Will be interesting to see what 7th gen ES brings, including direct injection and 8 speed auto from 4GS, onto Toyota Highlander, and then onto 2018 Camry.
2018 Camry styling isn't good to my eyes, so it will be interesting what 2018 7ES styling brings; hope it's not something too whacko...