Lexus lease question
11-05-13, 05:02 PM
#1
Lexus lease question
My friend signed a standard Lexus lease with option to buy after 27 months and the option to go 32 for a pretty good deal. This is on a beautiful black IS350 f sport package.
Anyway, what is the standard buyout price after the lease ends? Is it based on purchase price or current blue book? How does Lexus determine the cars value at the end of the lease?
Anyway, what is the standard buyout price after the lease ends? Is it based on purchase price or current blue book? How does Lexus determine the cars value at the end of the lease?
Last edited by Lavrishevo; 11-05-13 at 05:13 PM.
11-05-13, 05:14 PM
#2
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They determine residual price at time of lease signing. Usually that is the buy price at end of lease but some say that price is negotiable while others say it's not and is fixed.
Only makes sense to buy if that price is lower than market value after lease ends.
Kind of a catch22 because you want residual value to be high so depreciation is less thus lowering your monthly payment but at end of lease if you want to buy you want that price low.
Only makes sense to buy if that price is lower than market value after lease ends.
Kind of a catch22 because you want residual value to be high so depreciation is less thus lowering your monthly payment but at end of lease if you want to buy you want that price low.
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