jgcec

Can you buy your lexus cpo coming off of your 3 year lease, as certified pre owned vehicle from lexus?

Will it be at the agreed upon buy out cost in the lease?
or some other price that adds in the cpo costs?

assuming it meets all the cpo requirements?

My buy out cost is about $23k after my 3 year lease ends. The car should have 45k miles on it by then. I know that cost would be a little low compared to the average 2007 cpo lexus ES350 in my area with 45k miles on it.

garsarno

I bought mine 10/09 out of the lease without CPO requirements for the residual, which the dealer did not want to negotiate the residual on. I imagine if you want it CPO, the dealer can do it at an additional cost to you. I did buy the Platinum warranty before the new car warranty ran out. $1,200 got me to 75,000 miles / Oct 2013 with no deductible. Just used up $500 of that $1,200 pay out in repairing out of warranty the passenger side door glass / actuator when the door glass ran out of the track. I'm sure something else will happen in three years or so to help get me back the other $700.

miniz

If you just must have the warranty coverage, then go ahead and buy a warranty after you buy the car. There is no need to CPO a car that you know all the history on, because you drove it since new.

Dave Mac

I have never found the dealers or Lexus Financial to be interested in working with me on buying the car at the end of the lease. Lexus Financial owns the car and the dealer even wanted $1,500 to handle the "paperwork" on the transfer. I believe others may have had better experiences.

Lately the residuals have been too high to may it a good deal anyway.

Dave Mac

garsarno

We did not pay anything for the dealership to handle the paperwork outside of registration fees / small profit on the Lexus Platinum Warranty. Found out the residual is the residual at Lexus / no deals on reduction.

frankbcnt

yea the residual is agreed on when you sign the lease. no ifs ands or butts. Its how the lease is sold. You are buying on the depreciation of the vehicle and Lexus is taking the risk that the residual will be enough to cover the car when your lease is up. Now if the car is selling good and you have a low residual and wanna keep it thats good for you but Lexus may not be pushing you to buy it at the end because they know they can make money on it. Now if its the other way around they may hound you to buy it! Leases are always great on cars that hold their value. I always have a honda lease because the lease is so cheap cause they sell like hotcakes plus the car never breaks it just makes sense. You go and buy a domestic car on lease and see what happens! Thats why they dont really do leases on them because they loose all value shortly and the lease payment would never be cheaper than buying it. Prime reason why chryslers bank dropped leasing for them.