SW17LS

I wouldn't swap out of the car early for another brand just to avoid buying tires. I love the car, and the 2015 is pretty much the same car...no reason I wouldn't love it just as much. I feel no need to buy a new car.

SlangBlade

Yeah, not exactly the same situation. It was the same brand, but I guess I should have said that I was happy with the original car, not the follow up car. Like you said, if you can make it worthwhile financially, awesome - but if not, no big deal. (I DID get out of a 3/36k lease at 2/40k... so it may have worked out in my benefit anyway.) You love the car (I think we all do!), so I'm sure it'll be a win if you can swing it.

SW17LS

Really? Both cars were the same model? What car and what was the issue with the second car?

Jabberwock

Call around and find and buy some decent shape used tires (called take offs) for the car to get you thru the lease period. Slap some front pads on it - easy diy for $50 - leave rotors alone. Going upside down in car transactions is not smart (that's as gentle as I can say it).

bclexus

Same brand but different model.

SW17LS

First an update, he's still trying to get used cars to give him a quote without seeing the car, but he said based on his rough numbers it didn't look good lol, I'll keep you all posted.

Now...

I'm not going to buy used tires lol. If I buy tires, I'm going to buy new tires. The issue is not being able to afford tires and brakes, its about limiting my exposure from a car that isn't mine that is going to need some wear related repairs before the lease term is up vs a new car that won't.

Your logic is flawed, you're coming from a place of ownership. I don't own this car, I rent this car. Its not my car. If I can get out of this car and into another car for the same money I'm paying to rent this car without having to spend money to make repairs to a car I don't own...then thats something that makes sense. Your logic applies to a financed car that I own, not a rental car.

Being upside down on a lease is meaningless, because at the end of the lease you just turn it in and walk away. There's no long term risk like there is being massively upside down in a car that you own and finance. The lease has gap insurance, if its totaled then I'm out of it. After 27 months, I'm out of it.

It costs me $8,400 a year to lease this car. I'm going to lease another car at the end of the lease, and best case I might save $100 a month on that car because of better leases. So from the period of now to 27 months from now (the lease term I would take if I were to do it) my cost to lease is $17,300 ($700/mo for 11 months, $600/mo for 16 months) if I stayed in my car and leased a 2016 in December of 2015.

If I got out of this car now and into a 2015 for the same payment I'm making now, my cost for that period is $18,900 ($700 for 27 months)...a cost of $1,500 more total.

If I stay in my 2013 and spend $1,500 on tires and brakes...I've spent the same amount on my car over 27 months as I would if I had swapped.

Its about limiting risk of cost.

Even if I did spend say $500 on used tires...and $50 for brake pads and did them myself (which I have neither the interest nor the space to do)...its cost me $950 more to do this swap...and thats over 27 months...so we're talking about $35 a month. You probably spend more on coffee.

And thats assuming I can get a 2016 in Dec 2015 for $100 a month less...might not be able to with it being fresh out. If I have to spend the same amount I'm spending now on the 2016, then staying in the 2013 and buying tires and brakes has actually cost me money.

So please, spare me the financial advice I know what I'm doing.

bclexus

Have you considered running the numbers for purchasing the car in lieu of leasing the car, which would provide you with more leeway when it comes to getting another car whenever you wish to do so?

SW17LS

All in all its likely to cost about $100 more a month than I'm paying now, which is actually better than I expected given that this car is $2,500 more than my 2013 was. If I could find a luxury optioned like mine the difference would probably be closer to $50, when you consider that it includes eating probably $5,000 in negative equity at least, that shows you how great the leases are on the 2015.

So, we'll take a pass on this and order some tires.

I've run all the numbers many, many times. If you trade out of new cars every 3 years or so, leasing just makes a lot of sense, and for me and my tax situation leasing deductions make sense because I don't want to drive a big SUV.

Let me be clear though, this was not a desire to get a new car. Its basically the same car, it was purely an exploratory mission to see if I could avoid having to shell out money for tires...but thats clearly not going to work so I shall happily keep my 2013.

SlangBlade

Same make, different model, but not a Lexus. The second car (fully-optioned Honda Accord) had steering issues and quality issues - in retrospect I wish I would have tried to Lemon Law it.

SW17LS

Ah gotcha...

ItzFilyO

So no name changes from SW13GS to SW15GS? Maybe 16GS then.

SW17LS

Nope! Have to wait for '16 lol

bigblack06

iTrader: (20)

Well at least you tried.

SW17LS

Yup, gave it a shot!

kmm

There is still some time left in the year-until January 5th based on the Lexus ads. Don't give up yet. There may be a Lexus dealer, maybe not the one you visited, that needs to sell just 1 more car or 2 to hit a sales goal. ..

I know a car dealer that took a loss of $5000 on a new car sold on the "last hour of the last day of the month" because selling the car enabled the dealer to hit a sales goal that paid the dealer $15000.

Good luck!