orys

Some of you may remember i was on the market for a 600 which was bought from under me... now an opportunity came up through a friend at a dealership to get a 36/15k miles lease on a 14 F sport. The price is $440+ tax per month and roughly 1200 cap cost (2K drive off) and if I role the cap cost into the lease payments I am at roughly $500. I am trying to get my head wrapped around this and need someone's help:

Generally I have had it with leasing - you pay for 3 years and are left with nothing at the end. However, we are in need of a 2nd car and my wife asked me to stay under 35K. I am considering a 2014 IS350 F sport, and a certified one will cost roughly 35K. If I financed it for 72 @ 2.9%, I am looking at roughly $600 per month. I checked the auction prices, and abased on 2011 IS350 values currently, I will just about break even after 36 months (20K value and 20K left on loan). Looking 3 years back from that, a 2008 IS350 goes for 13K in auction so by 2022 when the car is paid off, I will have that in equity. I know this is apples and oranges, because the IS350 is not an LS460 - but what would you guys do? pay roughly $500 and have nothing in 3 years or pay $600, keep it for 6 years (something I have never done in my life but am willing to try) and have equity? Ian not including operating costs in this equation...
THANKS!!

mattchk

That's not a bad offer on the 460 at all. I recently leased a 2013 LS460 and for 24/15K and pay $880 / month. Nothing down, purchase price of $53K with a residual of $37K after 24 months. For me, I'll never keep anything long enough to have it paid for and would much rather be in a newer vehicle. It's all about what you want. I know I would much rather lease an LS versus buy an IS. For me, the *best* financial decision wasn't the one that would make me the happiest.

orys

Thanks for the response! How do you like it?

ryanSC300lover

iTrader: (1)

If 3 year old LS is leasing for over $800, what does a brand new LS lease for these days ?m


This shows $739 lease for 2016 with 6 k down

No down is $950 a month

http://www.lexusofpembrokepines.com/...ww.google.com/

http://www.keyeslexus.com/New-Models...us-LS460-Lease

orys

This is for a base model and 6K is a ton down for 24 months (not included taxes and fees, mind you). I believe the owner of the $880 per month lease drives a F sport which is 85K new. My guess is in the $1100 range with no down..

mattchk

I love my LS460. I had a 2008 LS460 prior to this 2013 and the car is familiar but still brings enough new technology and updates to keep things interesting. MSRP for my 2013 was about $95K from what I can tell and what other forum members have told me.

aeggroup

$440 plus tax ? Is there another car that I can also lease for that price ? I'll pay you commission if you help me to get this LS460 deal ....

orys

I will find out...

litesoarer

If I only drove 15k/y miles id take that deal in a New York minute.

That's less than the payment on my 2010 Sport!

orys

Found something fishy... in the service history it says that rear breaks are not original... how can Lexus lease a car not up to spec that is still under warranty? One possibility is that the original owner had it with the brake squeal and spent $$ on aftermarket parts but I am not certain.

ryanSC300lover

iTrader: (1)

You can make commission getting that lease deal for a few people here ...

greg3852

I would jump all over that deal..

jasone36

If something goes wrong mechanically with the used car during the "lease", is Lexus responsible for fixing it, even if it's out of factory warranty?

Dr. Jekyll

iTrader: (1)

What's not original? The pads? That wouldn't matter. The car will still be in spec. And for the record the squeal never came from the rear brakes. I wouldn't worry about that one bit.

orys

Well the dealer just called me and told me the deal is off... they made a mistake on the price.... This is after they ran my credit and got me approved.... I am furious to say the least and told the manager I will complain Lexus North America. Can a dealer post a deal, get you approved and pull the deal off? Isn't there some law about honoring deals?