Urgent leasing question
if there was a special rate involved, it does NOT MATTER if you put a deposit down at the time. Unless a lease contract is drawned up, signed, submitted, and approved within the timeframe of the special, the dealership can not secure the rate. When I was selling Toyotas I had to deal with this all the time: someone wants 0%, but the cars gonna take three weeks to get there. If the special rate wasn't renewed by Toyota for the next month, then the dealership AND the customer were S.O.L.
P.S. The reason a dealer can't just send the documents off is that there's no telling what the VIN will be. They may try to get the car from another dealer, but if that other dealer says no, they'd have to redo all of the contracts. As it took 7weeks, they most likely were just waiting for their nxt allocation
P.S. The reason a dealer can't just send the documents off is that there's no telling what the VIN will be. They may try to get the car from another dealer, but if that other dealer says no, they'd have to redo all of the contracts. As it took 7weeks, they most likely were just waiting for their nxt allocation
Last edited by somatic; Jun 7, 2011 at 06:34 PM.
a lot of lease specials are required by the manufacturer to have money down. it just depends on if it IS a lease special, or just a regular lease
Lexus Champion
Joined: Jan 2003
Posts: 2,618
Likes: 0
From: NYC/ATL
They slowly came down to within $5 of original deal as i raised hell with the manager. Unfortunately my gf really liked the car and really can't be without a car due to work. So she took the deal. It was still a very good price. $275/month with $2800 total out of pocket for the gls Awd model. That includes all dealer and dmv fees. I didn't want to do it but she just wanted the car. Ugh. Not professional at all.
Lexus Fanatic
Joined: Oct 2003
Posts: 94,337
Likes: 237
From: Virginia/D.C. suburbs
They slowly came down to within $5 of original deal as i raised hell with the manager. Unfortunately my gf really liked the car and really can't be without a car due to work. So she took the deal. It was still a very good price. $275/month with $2800 total out of pocket for the gls Awd model. That includes all dealer and dmv fees. I didn't want to do it but she just wanted the car. Ugh. Not professional at all.
Break-ins are not as critical now as they once were, but, for the first 500-1000 miles, it's still a good idea to take it easy on the engine, keep the RPMs below 4000, vary the engine speed, and don't brake or accelerate full-force. Consider an oil change, too, after the first couple of thousand miles or so....the first oil change is usually the most important one. Even if she is only going to keep it a few years, you don't want it to end up being an oil-burner.
Congragulations on the new car. The original deal, you said, was for $269 a month. IMO, a mere $6 a month more is nothing...especially if it's the car/ options/color she wants.
Break-ins are not as critical now as they once were, but, for the first 500-1000 miles, it's still a good idea to take it easy on the engine, keep the RPMs below 4000, vary the engine speed, and don't brake or accelerate full-force. Consider an oil change, too, after the first couple of thousand miles or so....the first oil change is usually the most important one. Even if she is only going to keep it a few years, you don't want it to end up being an oil-burner.
Break-ins are not as critical now as they once were, but, for the first 500-1000 miles, it's still a good idea to take it easy on the engine, keep the RPMs below 4000, vary the engine speed, and don't brake or accelerate full-force. Consider an oil change, too, after the first couple of thousand miles or so....the first oil change is usually the most important one. Even if she is only going to keep it a few years, you don't want it to end up being an oil-burner.
Been doing this for awhile, and I've been reading your excellent reviews and car care advice for a long time! I definitely know to keep the revs low and vary the speed in the beginning. I plan on doing the first oil and filter change at the 1k mark, then following the severe oil change schedule from then on out. Did that on the SC300 back in 1993 (wow), on my MB, and the FJ. Even if this is only a lease, I take care of my cars.
Thanks for all the comments and advice eventhough I went against the majority advice (and my initial gut instinct), in the end, a good car at a great price, and a happy little lady (which is all that really matters in the end, cause when she's happy, I'm happy... when she's upset, I'm miserable. LOL)
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They can lock you into a deal, until the car is ready. I worked in a leasing company and we needed all you're info with credit approval and deposit to lock you into a deal. They just trying to make extra $1000 profit from you.
Racer
Joined: Dec 2006
Posts: 1,727
Likes: 169
From: Nebraska
Very true. I gave in and put aside my anger and frustration over the ordeal with the dealer. In the end it was still a very good deal for the car, she had been waiting for this exact option/color/car combo for the longest time, really loves the new Tucson, and was in need of a car ASAP as we had returned the prior lease the day before. I guess in my mind I rounded the $269 up to $270 to appease my subconscious, LOL. Yes $6 is really nothing.
Been doing this for awhile, and I've been reading your excellent reviews and car care advice for a long time! I definitely know to keep the revs low and vary the speed in the beginning. I plan on doing the first oil and filter change at the 1k mark, then following the severe oil change schedule from then on out. Did that on the SC300 back in 1993 (wow), on my MB, and the FJ. Even if this is only a lease, I take care of my cars.
Thanks for all the comments and advice eventhough I went against the majority advice (and my initial gut instinct), in the end, a good car at a great price, and a happy little lady (which is all that really matters in the end, cause when she's happy, I'm happy... when she's upset, I'm miserable. LOL)
Been doing this for awhile, and I've been reading your excellent reviews and car care advice for a long time! I definitely know to keep the revs low and vary the speed in the beginning. I plan on doing the first oil and filter change at the 1k mark, then following the severe oil change schedule from then on out. Did that on the SC300 back in 1993 (wow), on my MB, and the FJ. Even if this is only a lease, I take care of my cars.
Thanks for all the comments and advice eventhough I went against the majority advice (and my initial gut instinct), in the end, a good car at a great price, and a happy little lady (which is all that really matters in the end, cause when she's happy, I'm happy... when she's upset, I'm miserable. LOL)
Lessons learned from all this:
Original price you settle on at the time of a deposit is only valid for up to 30 days... after which expect to have to renegotiate.
If you wait for 7 weeks for a particular option/color, ball is in their court.
If you threaten to demand your deposit back and are intent on walking out, dealers will start flailing and throwing numbers out at you. Ball back in your court.
Keep the significant other in your life happy. LOL
Original price you settle on at the time of a deposit is only valid for up to 30 days... after which expect to have to renegotiate.
If you wait for 7 weeks for a particular option/color, ball is in their court.
If you threaten to demand your deposit back and are intent on walking out, dealers will start flailing and throwing numbers out at you. Ball back in your court.
Keep the significant other in your life happy. LOL
Lexus Test Driver
Joined: Feb 2006
Posts: 1,388
Likes: 9
From: Michigan
That's ridiculous. Many well-off people lease, be it for persona preference or business reasons. Look at the lease take rates for BMW (M) and Mercedes (AMG) compared to purchase and you'll be very surprised. No matter how wealthy you are, nobody likes losing several thousand dollars instantly for no good reason.
Lexus Champion
Joined: Jan 2003
Posts: 2,618
Likes: 0
From: NYC/ATL
That's ridiculous. Many well-off people lease, be it for persona preference or business reasons. Look at the lease take rates for BMW (M) and Mercedes (AMG) compared to purchase and you'll be very surprised. No matter how wealthy you are, nobody likes losing several thousand dollars instantly for no good reason.
leasing is for a select few, leasing a hyundai while working a 9-5 with no end in sight is not what I would call setting yourself up with a comfortable retirement, leasing is just a monthly payment on a car you should never have even looked at
Im not against leasing, Im against people convincing themselves to lease just cause
The M and AMG are leased by people who can't truly afford them, when returned, bald tires, oil has never been changed, rough engines running on some cheap mixture of regular and premium