Blown transmission

[data2009]

I do not want to turn this topic into a debate over buying vs leasing, but with leasing typically you only care for the car over the standard duration, which is almost always the duration of a basic manufacturer's warranty. So when such misfortunes do happen, you can walk away from the problems or concerns before the coverage expires.

[The G Man]

You can also trade in your car in this situation too if you purchase instead of a lease. The difference with purchase is that one can trade it in anytime they want and not have to be lock into a lease. Lexus usually have very high lease rate, so leasing a Lexus doesnt always make sense. For example, I traded in my last 3 Lexus when they were around 2 to 3 years old. The resale value on them was so high that my monthly payment was actually lower than the lease rate. Leasing do make sense with some car, such as many German cars, but the math just didnt add up for me with Lexus.