MidasTouch

I have a loaded 14 gs350F nebula and red lease is up January 2016 w 30k miles all pre paid for. Car has exactly 7k miles on it and I dont drive it. I can buy it out for 40,280 at lease end so I think it's worth around 48k can I take it to a dealer and get a check?


Whoops, posted from my phone and my car is obviously a 4th gen not a 2nd, mods please move

SW17LS

Yes, you can trade the car in or sell the car and keep the difference between the buyout and the value.

Is it a one pay lease? You said 30k miles all paid for...

If it is a one pay lease, then yes, your payoff should be the residual.

If its not, the payoff is the residual plus all the remaining lease payments.

I would question if your GS is worth $48k. You can buy a new 2015 F Sport for not much more than that right now, especially with incentives. KBB has a trade in value for your car of about $41k.

rominl

iTrader: (4)

dealership will probably lowball you more. maybe you can also try carmax and see what they offer. they can just directly deal with lexus financial

FastTags

You lucky if you get $44,500. I did the swap lease, found a buyer and he took over the GS. Takes a month but well worth it.

LexRuger

Look on cars.com and see what other used GS' are selling for and subtract about 10-12%. That's probably what you'll get selling to a dealer.

ItzFilyO

I talked to my guy at the dealer and he said the GS resale value is really bad right now. My 2014 FSport with 9K miles can only go for $38K. I think it has a lot to do with the cheaper 2015 prices. This time the 2014 takes a bigger hit than it was last year.

GS35014

LOL no way in hell they will give you 48k or even 44.5k. Try 40kk...

rominl

iTrader: (4)

gs resale has been bad since the beginning. big part of the reason why i leased instead of buying (new or used). truth is, if a car is selling well and resale strong, manufacturers won't put as much incentives into lease

ItzFilyO

I was able to get 45K for my 5 months old 2014 Premium that I traded in last year. I lucked out I think cause now my 8 months old 2014 FSport is only 38K.

Better to lease this car and walk away afterwards and let Toyota deal with the resale business.

jaime1982

No way youre getting 48k as said above. I just got my brand new 15 f-sport for 49K. Nicely equipped Minus the ML last week.

Fizzboy7

Not sure how well resale is for your car, but you are almost always better off selling it privately than turning it back in to the dealer. This is accentuated if you have even lower miles than what's in your contract. I've done this and profited on all my low-mileage leased vehicles.

4TehNguyen

iTrader: (1)

the dealer either wants the buyout money or the car. If you can resell the car, give them the buyout and pocket the difference do it

GS35014

My 2014 GS F sport with 9k miles MSRP $61,500 is only worth about 40k now as trade in to the stealer.. Whats makes you think you will get more? The only reason the GS leases well is because it doesn't hold residual value at all. That also goes for the LS too... My local stealer wants 68k on a brand new 2015 LS that MSRP's for almost $80k. 12k off a brand new vehicle is insane. I would get a LS right now if I wanted a ultra luxury car...