Lease Residual question
#1
Driver School Candidate
Thread Starter
Lease Residual question
Does Resididual vary depending on the trim and model?
Dealer quoted a residual of 61% for a $45k IS300 premium, nav, blind spot, a few other things -- for 36 months, 10k miles.
That seems on the low side.
Should I ask for residuals for the IS350, and for the F-Sport versions to see if they are any higher?
Or is the 61% for all engine/package/option at that term/mile?
Dealer quoted a residual of 61% for a $45k IS300 premium, nav, blind spot, a few other things -- for 36 months, 10k miles.
That seems on the low side.
Should I ask for residuals for the IS350, and for the F-Sport versions to see if they are any higher?
Or is the 61% for all engine/package/option at that term/mile?
#4
Driver School Candidate
Thread Starter
Thanks, is the residual also the buyout amount if you want to keep the car?
Or is that number higher than the residual?
And does Lexus charge a purchase fee if a person decides to buy the car?
Or is that number higher than the residual?
And does Lexus charge a purchase fee if a person decides to buy the car?
Last edited by pizzafan; 07-07-16 at 10:44 AM.
#5
There is no purchase option fee but LFS does charge a $400 disposition fee that's waived if you finance or lease another car from TFS or LFS.
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Sam Khoury
IS - 2nd Gen (2006-2013)
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11-23-05 12:04 PM