ALL About Leasing and Buying
#196
regards above post on WA $700 tag/registration annual fee......... they don't have state income tax.
Also, Lexus has a 48 month warranty, so the lease may be negotiated to 48 months?
Also, Lexus has a 48 month warranty, so the lease may be negotiated to 48 months?
#197
Lexus Champion
Indeed, no state income tax. Instead we have high sales tax (over 10%). License tabs were recently increased to pay for mass transit.
#198
Lexus Test Driver
#199
Pit Crew
We lease our RX350 and have moved from NY to CT. This is our first time leasing, but my wife's friends who lease say they never have to deal with tag and title stuff, the dealer does it for them. We asked the dealer about emissions inspection (state insp is required in NY) and our car is too new to require an emission inspection in CT, and there is no state inspection. This would have been the time for the dealer to offer to handle the registration process, which they didn't. My message to the tag & title dept at the dealer has not been returned.
I've requested the title from Lexus Financial, and now we wait. Does anyone have experience with CT registration on a leased Lexus? edit: or maybe any relocation to another state with a leased car?
Thanks
kevin
I've requested the title from Lexus Financial, and now we wait. Does anyone have experience with CT registration on a leased Lexus? edit: or maybe any relocation to another state with a leased car?
Thanks
kevin
Last edited by vfr700f2; 05-23-18 at 07:59 PM.
#200
Lexus Fanatic
Of course setbacks are not good, would you rather get an unnecessary luxury car for $30, which makes you look rich cuz it was $110k new, or pay down your mortgage (I think at some point it should be paid off, my aunt is 72, and she owes over 500k on her house--she lived her life saying if the rate is low, she will borrow against her house and not pay down, I don't agree but she is in at 2.75%--also she is the newer generation who likely leaves nothing to charity and heirs).
Again, why speculate if you're not in the car business, would it not be better to accept? Why did VMW go up $8.50/share yesterday? It did, why speculate?
#201
Lexus Fanatic
Agree on your S class statement. However, on your GS- you can't look at trade-in value and use that to calculate the depreciation. You have to look at what the car sells for when it's used (in my case I'm looking at the asking price from a seller on eBay in a "buy it now" auction where they don't negotiate). If they gave you $33k trade - what do you think they ended up asking for the car? $38k? That would be about 35% depreciation, not 50%.
#202
Lexus Champion
^^^Agreed. My GS value is terrible. This will be my first lease where I’ll end it with negative equity. Was going to buy it out but the value won’t make that a good idea, despite my love for the car.
#203
Pole Position
And Lexus has this dumb policy where they wont let you negotiate on the price of the car after lease end.
#205
Pole Position
#207
Lexus Fanatic
#209
Lexus Fanatic
No, when you go to buy it out they will negotiate the residual. Depends on how bad they want the car as a CPO (or how badly they don't)
#210
Racer
iTrader: (1)
As far as BMW corp is concerned, you returned your lease. When you re-buy, it's with the dealership.
This is different. I wouldn't be surprised if the car is marked as "bought used" with 2 owners on Carfax. Not that it matters to the owner.