Lease ES 350
#1
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Lease ES 350
I’m going this week to lease my first Lexus, I have already agreed to a car and payment and am just waiting for the car to arrive. Is there anything I should be aware of when sitting with the business manager to sign all the papers?
#2
And then enjoy you new car.
Dave Mac
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I don’t normally take those things when leasing, somebody had mentioned excess wear and tear, and I was wondering how nitpicky Lexus Financial was at the end of the lease or if they had some something built into their contracts like Infiniti does.
#4
Dave Mac
#5
One exception to DaveMac's blanket denial position...tire and rim replacement has paid off on both of my
last two leases. Policy costs about as much as a single tire and rim/labor to install. We had a couple
claims including one rim/tire and just a tire. Evaluate when you last curbed a rim or if you have potholes.
Maybe we have more...opportunities...in IL than FL and AZ.
last two leases. Policy costs about as much as a single tire and rim/labor to install. We had a couple
claims including one rim/tire and just a tire. Evaluate when you last curbed a rim or if you have potholes.
Maybe we have more...opportunities...in IL than FL and AZ.
#6
One exception to DaveMac's blanket denial position...tire and rim replacement has paid off on both of my
last two leases. Policy costs about as much as a single tire and rim/labor to install. We had a couple
claims including one rim/tire and just a tire. Evaluate when you last curbed a rim or if you have potholes.
Maybe we have more...opportunities...in IL than FL and AZ.
last two leases. Policy costs about as much as a single tire and rim/labor to install. We had a couple
claims including one rim/tire and just a tire. Evaluate when you last curbed a rim or if you have potholes.
Maybe we have more...opportunities...in IL than FL and AZ.
#7
Lexus Champion
A bit of luck comes into play too. I also live in IL and haven't had to replace a rim (yet). I always decline the extra coverages. Just a personal preference to keep those $$'s in my pocket vs. someone else's.
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#8
One exception to DaveMac's blanket denial position...tire and rim replacement has paid off on both of my
last two leases. Policy costs about as much as a single tire and rim/labor to install. We had a couple
claims including one rim/tire and just a tire. Evaluate when you last curbed a rim or if you have potholes.
Maybe we have more...opportunities...in IL than FL and AZ.
last two leases. Policy costs about as much as a single tire and rim/labor to install. We had a couple
claims including one rim/tire and just a tire. Evaluate when you last curbed a rim or if you have potholes.
Maybe we have more...opportunities...in IL than FL and AZ.
Dave Mac
#9
I went for the 'ding and dent' insurance for my 2016 ES 350, and have not yet used it. I live in an apartment complex, and have a lot of different people parking next to me. And during the day it's parked
in a community college campus parking lot. So I figured I'd be more likely to get my sides dented in by distracted people parking, etc. I did indeed get some scratches on one of the plastic panels
by next to the right window, but I never did anything about it. It's not part of the 'metal' and wasn't really a 'dent' or 'ding'. Looked like someone when getting out of their car, had their keys in their hands and accidentally
scraped up that plastic, and they did it multiple times.
If you're like me and you were new to Lexus, you'll love the smoothness of the ride, and I ended up going 'over' my mileage because I was driving it too much !
So you may have to exercise a bit of discipline.....
in a community college campus parking lot. So I figured I'd be more likely to get my sides dented in by distracted people parking, etc. I did indeed get some scratches on one of the plastic panels
by next to the right window, but I never did anything about it. It's not part of the 'metal' and wasn't really a 'dent' or 'ding'. Looked like someone when getting out of their car, had their keys in their hands and accidentally
scraped up that plastic, and they did it multiple times.
If you're like me and you were new to Lexus, you'll love the smoothness of the ride, and I ended up going 'over' my mileage because I was driving it too much !
So you may have to exercise a bit of discipline.....
#10
Lead Lap
The Lexus dealer offered me tire and wheel replacement coverage when I bought the car for $1000. I declined... Shortly thereafter while backing out of a space at Home Depot, a driver right behind me started to reverse also. I quickly pulled back into my spot and nicked the RF wheel on the curb. Took off the paint and a bit of metal. I obtained the name of the repair guy for the dealer and he did it for $40.00. Can't tell it was damaged...
#11
Lead Lap
Over the years, I've built up relationships with the guys who do paintless dent removal, interior repairs, wheel repairs, etc. for the dealers in the area. When I've needed their services, I've contacted them directly, and without going through the dealer and having the dealer take its cut, getting such repairs done can be quite inexpensive. For example, the last time that I needed to have a dent removed a few years ago, I called the guy that I use and met him at a dealership where he was working. He removed the dent for $20. To me, that approach seems to make a lot more sense than spending thousands of dollars on the dent protection, interior protection, wheel and tire protection, etc. that the dealer might try to sell me.
#12
You should ask about the ' disposition fee ' when you turn in the lease (ex: 3 years out). Can be $300-500. It has been challenged in courts and many US mfgs have dropped it. The challenge is based on if you lease another car, they will waive it. That is discriminating.
Enjoy the car. A great choice.
David
Enjoy the car. A great choice.
David
#13
One exception to DaveMac's blanket denial position...tire and rim replacement has paid off on both of my
last two leases. Policy costs about as much as a single tire and rim/labor to install. We had a couple
claims including one rim/tire and just a tire. Evaluate when you last curbed a rim or if you have potholes.
Maybe we have more...opportunities...in IL than FL and AZ.
last two leases. Policy costs about as much as a single tire and rim/labor to install. We had a couple
claims including one rim/tire and just a tire. Evaluate when you last curbed a rim or if you have potholes.
Maybe we have more...opportunities...in IL than FL and AZ.
#14
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You should ask about the ' disposition fee ' when you turn in the lease (ex: 3 years out). Can be $300-500. It has been challenged in courts and many US mfgs have dropped it. The challenge is based on if you lease another car, they will waive it. That is discriminating.
Enjoy the car. A great choice.
David
Enjoy the car. A great choice.
David
I still have not signed the papers as the vehicle has not yet arrived, am just doing my due diligence buy being prepared for this daunting task i am forced to do every 8 years or so.
#15
Lead Lap
If there is a disposition fee, is it negotiable, or is it something you have to absolutely pay? How about a purchase option fee, do they charge you extra on the lease if you choose to purchase it at the end. I have done some calculations and it's actually cheaper for me to lease the vehicle and then buy it out at the end vs just buying it straight out.
I still have not signed the papers as the vehicle has not yet arrived, am just doing my due diligence buy being prepared for this daunting task i am forced to do every 8 years or so.
I still have not signed the papers as the vehicle has not yet arrived, am just doing my due diligence buy being prepared for this daunting task i am forced to do every 8 years or so.
https://www.leaseguide.com/lease07/