GX - 2nd Gen (2010-2023) Discussion topics related to the 2010 + GX460 models

GX 460 Lease

Old 09-26-15, 12:19 PM
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mafialink
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Default GX 460 Lease

Whats the best deal people are seeing on leasing a GX. Looking to put nothing down just inceptions.
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Old 09-26-15, 07:02 PM
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Valley101
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Default GX Lease

No matter how you slice it a lease cost more than buying. Pure mathematics. You will have upfront costs and if you do not lease again at the end of an existing lease there will be cost when terminating the lease. My wife and I have owned either 26 or 27 new vehicles with 19 of them being Toyota/Lexus brands.
Buy the most expensive vehicle you can afford and stay away from a lease. This is being stated simply from a financial point of view. Also, remember at the end of the lease you will have no vehicle and no equity in the vehicle. You will have to start all over from scratch and you may be low on "scratch" when you must turn the vehicle back in to the leasing department. I lived in California for 30 years and an acquaintance owned a Toyota
dealershiip.. They were his bread and butter, because in most cases he got them back in three years and resold them at high prices because they were "certified". He was laughing all the way to the bank.
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Old 09-28-15, 08:38 AM
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It all depends on what you did with the money from any car that you owned prior to leasing. For me, I took the cash and put it in the bank. I was upgrading my car way too often, and that will always be the case for me. If that is similar to your situation, leasing is the best bet.

I have 14 months left on my GX. If I lease with Toyota/Lexus again, that $600 lease drop-off fee is waived. Yeah, I don't have equity in a car, but I have cash. YMMV.

They were running 27months for 499/month with 3 or 4K down last October. You can do the deal without cash down, just makes your payment higher.
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