dnasians

iTrader: (4)

Hey CL!

I'm planning on purchasing my leased is350f after the terms are over.
Currently the residual value is 36,500. I have taken very good care of my car, on track to stay within the mileage constraints, etc.

Has anyone negotiated buyout terms? If so please share! I want to make sure I get the best deal I can from the dealership.

I'm aware of the basic stuff... like let the dealership call you, play hard to get etc etc.

gmanusmc

If your lease is through Lexus Finance, my understanding is there is no negotiating the buyout amount.

Also, the dealer does not own the car - the lessor does.

drbazing

How much are 2014 IS350 F Sport in the market right now? I don't think it's worth buying it off if you can get it else where cheaper from someone who turned in a lease. They are most likely taken care of. Also, check out how much other dealerships are willing to pay for your car. You could make some money that way if they are on the upside.

If you are set to buying your car and nothing else, forget you read my post lol.

R8RDIVA

You can NOT negotiate the terms of ANY closed-end lease. You can however shop around interest rates and financing deals if you so choose to finance. If you have any other dealer questions feel free to PM me. I'm a sales manager at a Honda store and I have been in the automotive business over a decade.

Also.. I would also like to add if you plan on purchasing the lease. Do not need to go to the dealer to purchase the vehicle. I would work directly with Lexus Financial and your desired lender. Get your payoff amount from them and find your own financing versus going to the dealer. If you purchase the vehicle from the dealer you will pay documentation fees and whatever else fee's your dealer adds on their purchases. If this is no big deal to you, sure go to the dealer, but if your one of the individuals that likes to save in every area possible getting your own financing is the way to go. I will be doing this at end-of-term on my lease.

I would suggest opening a bank account at PenFed credit union they from what I have seen along with USAA offer the best used car financing on any vehicle as long as your credit is good of course.

Booster

i think you mean "Assistance Requested".

gmanusmc

What? He's interested in buying the vehicle at lease end - that's consistent with the lease terms.

Booster

you're totally correct. i deleted the second half of my post. thanks.

azmojo

All negotiations are done when you first lease the vehicle and establish the contract. Once you have a contract, a deal is a deal.

LexusFirst

Pretty much what the above members have said.
However, why didn't you finance it instead of lease it if you are keeping it and keeping it in such a good condition? It will save you a lot in long term.

aritweets

Sucks that you had to baby your mileage knowing you are going to buy out your lease. You could've driven freely and stressfree about your miles if you're just going to buy out, then your lease terms do not matter.

link13

True enough. I leased my IS in 2014 when I had a 10 mile round trip commute to work. I have a 10K/year mileage allowance on my lease, which was fine for that short drive. I have really liked the car from day 1. Things at that job went to **** and I left for a better job, but a worse commute. I am now doing 44 miles round trip. I am certain I will go over miles, but I have decided to buy it anyway, so no big deal. The car is lowered with tint and wheels, plus a nice audio upgrade. That's easy enough to undo if I were to turn it in, but the car is just the way I want it, so it's a keeper.