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GS - 3rd Gen (2006-2011) Discussion about the 2006+ model GS300, GS350, GS430, GS450H and GS460

Mileage Lease overage

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Old Aug 24, 2010 | 08:19 PM
  #16  
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Originally Posted by sincityIS
Everyone here who is saying that is it BS is full of S. With these Jap cars having such high resale values it is entirely possible.

I just traded a 2009 Toyota Tacoma that had 28000 miles and it was only 18 months old. I was able to walk away from it for no charge because the dealership gave me the amount I needed to pay it off. When I leased my Tacoma I put no money down and paid $380 per month for 18 months. 380x18=$6800. The truck capped out at $26,500 when I bought it and I sold it for $21,xxx. I made out pretty well if you ask me.
You have no clue. The 2010 GS is at end of lifecycle which means it will have high depreciation. In addition, the car is outdated compared with the competition so Lexus is making the lease cheap with high residuals. There is no way there will be positive equity on this lease to cover a massive mileage overage.
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