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ALL About Leasing and Buying

 
Old 04-28-19, 10:06 AM
  #241  
NXNewbuy
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Hello Experts,
This is the first time buying a Lexus Car. I have been in the market for a while,looked at all the options.
Now I see a good deal but it at a Non Lexus dealer, its a 19 model and miles are under 5k. The carfax report is all good. So if it has 5k mils i can get the free maintenance until it hits 20 k? and if any issues i can show them any time?
what are the pros and cons of buying a 19 car from a Non Lexus dealer.
Any info would be appreciated.

Thanks.
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Old 07-11-19, 09:13 PM
  #242  
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Default Agreed upon value of Vehicle

Trying to figure this one out... looking over the lease:

The MSRP was 37,825
Options brought it to 38,509
Fees brought the Sticker price to $39,504

on my lease agreement, the agreed upon value of the vehicle (before any extras such as contracts, insurance, etc) is $41,204.

Did I get hosed on my lease ?
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Old 07-11-19, 09:41 PM
  #243  
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Originally Posted by and250 View Post
Trying to figure this one out... looking over the lease:

The MSRP was 37,825
Options brought it to 38,509
Fees brought the Sticker price to $39,504

on my lease agreement, the agreed upon value of the vehicle (before any extras such as contracts, insurance, etc) is $41,204.

Did I get hosed on my lease ?
Providing a screenshot of your lease worksheet would be helpful.
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Old 07-11-19, 09:44 PM
  #244  
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Originally Posted by stasek View Post
Providing a screenshot of your lease worksheet would be helpful.

Disregard what I wrote in red.
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Old 07-12-19, 05:34 AM
  #245  
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The $10,012 cap cost reduction, did you trade in a car or put money down?

Often you will see the negotiated discount reflected in this field which is fine
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Old 07-12-19, 06:56 AM
  #246  
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Originally Posted by SW17LS View Post
The $10,012 cap cost reduction, did you trade in a car or put money down?

Often you will see the negotiated discount reflected in this field which is fine
I did, I had an older car I traded in. My question was, the sticker value of the car was $39,500 but the “agreed upon value of the car” was $41,200
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Old 07-12-19, 07:46 AM
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Originally Posted by and250 View Post
I did, I had an older car I traded in. My question was, the sticker value of the car was $39,500 but the “agreed upon value of the car” was $41,200
What is the car in question? I can’t think of a single $40k Lexus that would command a premium over MSRP.
Did you get anything off sticker??? That residual value looks to be ~50%.
Also, it’s never a good idea to put down any money on a lease, other than first payment.
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Old 07-12-19, 07:51 AM
  #248  
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Originally Posted by stasek View Post
What is the car in question? I can’t think of a single $40k Lexus that would command a premium over MSRP.
Did you get anything off sticker??? That residual value looks to be ~50%.
Also, it’s never a good idea to put down any money on a lease, other than first payment.
I learned that the hard way! It was a 2017 IS200T. Here’s the window sticker
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Old 07-12-19, 08:19 AM
  #249  
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So the $10K is equity from your car that you traded in?

If so, then you essentially bought the car for MSRP+ and agreed to a prepaid maintenance plan. You overpaid for sure,
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Old 07-12-19, 08:46 AM
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Ouch..... $24k to drive an IS for 3 years - definitely not a good deal (to put it nicely). I’m not sure if you’re aware of a “leasehackr” forum, but before you do another lease, I highly recommend spending some time on that particular forum.
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