Redcastle

Wondering people's thoughts on this lease, for anyone who has gone this route:
Lexus IS 250 AWD base model with a few options
Price $39,158 ($1,500 discount)
$2,999 due at signing
27 month lease at $405.17 per month.
This comes to about $14,000 paid over the life of the lease, with a 74% residual.

What I'm thinking - I could pre-pay the lease upfront for $11,580. I could then save about $15,000 - 20,000 over the life of the lease that I could put towards the final purchase price of $30,105 when the lease is over. Thoughts? Does this sound like a bad deal? Is the residual still usually this high after 27 months?

datou

You should never pre-pay the lease upfront in case something happens. Its another story when it comes to buying a car. I'd rather pay 0 up front and pay a little more $500 per month and invest in the rest of the $11k you plan on putting it towards your lease.

As for your lease, you can get a much better deal than that. I know and understand that different states have different prices but for a IS 250 AWD I'd look to pay somewhere around $400-$425 without paying anything down.

I suggest negotiating among the different dealers and make them compete for the best price. That's what I did for my 2014 350 F Sport.

SW17LS

If your plan ultimately is to purchase the car at the end, I would buy it upfront. It'll be cheaper in the long run

Stitch626

iTrader: (2)

NO!!

I leased a 350 F sport with Nav, Mark Levinson, VGRS and BSM

lease offer
$478.89 27months/10k Miles/$2,000 down payment
Residual 74%
Sticker $48,853 I believe and got the car down to 44-45k

make them work for your business!

js1011

I wouldn't lease if you plan on buying the car. I also wouldn't lease if you are going to drop that high of an amount. If you want a lower car payment, then wait until you can save up more money to drop as a down payment, or possibly try and buy in Dec at the end of the month.