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I have a 2015 is250 AWD fsport series 2* nebula grey, Rioja interior, I payed 5K down on a 39 mo. lease with 24,000 annual KM - I pay around $600 a month all in. 0.9% rate. (Keep in mind I barely negotied the price.
I have been offered to trade in for a 2016 is350 AWD fsport series 3* (ultra white, Rioja interior) (I wanted a 350 from the beginning but I'm young, dumb /high insurance rate). The terms are-
48 mo. lease, 1.4% rate, 24,000 annual km with additional $1,000 downpayment. Includes tint and front clear bra. Quoted $715 monthly all in.
What should I do? Is this a good deal? I've browsed the post your deal thread but it's mostly American.
So based on the info provided, did some rough calculations. The concept here is determining the value of your car as a trade-in versus how much you paid into the car (lease payments to-date + the buyout). If the latter is equal to or more than the former, you have positive equity and you have not "lost" money by breaking the lease. Now I've simplified the calculation in not factoring in interest but since it's low at 0.9%, the numbers won't be too much affected.
Based on the deal they gave you, plugged into lexus.ca calculator, they gave you a positive equity of about $400 overall as part of the deal (on top of your 1K down) which is a good start. Using this figure, blackbook value, and your lease numbers, the deal they gave you comes out to you having paid about 15 months into your lease. Again, this is approximate but gives you a pivot point.
So in short, if you paid fewer than 15 months into your lease, deal is good, and better the lower the number. If you paid more, re-negotiate.
Makes sense? How many months have you paid into your lease?
I have exactly 15,000 km right now, lease end buyout is 22K I believe on my current car.
The $1000 includes 1st month's lease and 13% taxes on the $3000 F-Sport rebate? if so, that's a wash as far as the lease payment and a loss on tax, but you got to pay to play. They rolled the Freight and PDI into the lease then.
The $1000 includes 1st month's lease and 13% taxes on the $3000 F-Sport rebate? if so, that's a wash as far as the lease payment and a loss on tax, but you got to pay to play. They rolled the Freight and PDI into the lease then.
It's $1000 down + first month payment due at signing. Could you elaborate more on what you mean, sorry. I've attached a screen shot of the quote to help.
Wow, definitely a detailed reply, thanks! I am 8 months into my lease.
That means they gave you ~7 months payment or about $3700 based on my rough calculation above. This matches closely to the above $3097.35 "cash down" which is Lexus providing you essentially 3.1K positive equity for your IS 250 trade-in over the blackbook value. I signed on a very similar deal when I traded my low mileage leased '13 RX F Sport well before the term's end, for the NX, where they gave me close to 3K "cash down". The deal is good l if you're not comfortable negotiating, otherwise personally I'd negotiate down to an even $700 and sign.
That means they gave you ~7 months payment or about $3700 based on my rough calculation above. This matches closely to the above $3097.35 "cash down" which is Lexus providing you essentially 3.1K positive equity for your IS 250 trade-in. I signed on a very similar deal when I traded my low mileage leased '13 RX F Sport well before the term's end, for the NX, where they gave me close to 3K "cash down". I'd be happy with your deal if you're not comfortable negotiating, otherwise personally I'd negotiate down to an even $700 and sign.
I am in the process of trying to negotiate to $700, so far no luck lol
03-24-16, 03:27 PM
Is250 trade for is350 is this a good deal HELP
