RGSW

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?

JDR76

Indeed, no state income tax. Instead we have high sales tax (over 10%). License tabs were recently increased to pay for mass transit.

mikemu30

Yep so revenue has to be generated one way or another.

vfr700f2

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

Johnhav430

You're absolutely right, I think with these high end cars you have to entertain a 100% loss when purchasing used. Meaning, say you get a 2012 S550 for $29k, from a new car dealer, the likelihood of losing 29k and being undriveable week 1, is low. The likelihood of a $5k repair if you can't DIY, is moderate. $10k, less likely. The opposite spectrum is the "never buy these cars, lease them and get rid of them under warranty." That isn't free, there is a stupendous cost attributed to it. I think my tolerance for risk is above average. DSC hydro failed on my 335, no, it didn't feel good, quite annoying. I knew $4,200 at the dealer was not an option, so I DIY'd. I would have to be able to DIY at least a lot of things, on an S550 before I would get it. If you want a flagship get a 3rd gen LS430--the likelihood of a major repair is almost none. Any repair, almost none. Go to the 3rd gen section and see. But to the avg. person that is as close to having a discount ticket to Dullsville, as it gets. Not exciting to drive, no exciting breakdown stories to tell. Perfect for those who are risk averse.

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?

SW17LS

JDR76

situman

And Lexus has this dumb policy where they wont let you negotiate on the price of the car after lease end.

joedaddy1

iTrader: (1)

situman

Hmm not sure about that. I just know Lexus wont let u so it is dumb, regardless of what other automakers do and if they do the same, they are dumb too.

joedaddy1

iTrader: (1)

name an automaker that does?

Automakers don't care because they'll win either way. At the worst case scenario, they'll just send it to auction and get market pricing there.
Acura, Infiniti, Lexus, BMW, MB doesn't do it. Maybe Daewoo and Yugo might have.

SW17LS

Other companies do. MB and BMW will negotiate the residual.

joedaddy1

iTrader: (1)

at time of return or sale? So BMW Corp. (not dealer) will let you negotiate their super inflated residual? If so, that's BIG news to me..
Learn something new everyday. Who wouldn't negotiate their residual? It's inflated by over 10%... lol

SW17LS

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)

joedaddy1

iTrader: (1)

so that's the dealer making the adjustment.. They are not negotiating the residual, they are negotiating the buy price when you "re-buy" your car used.
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.