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Kicking the tires...decisions

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Old Mar 20, 2011 | 05:32 PM
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Default Kicking the tires...decisions

Your input is appreciated as I clean out the garage.

My lease is up on the GS May 1. According to the lease I can 1) trade in 2) buy it 3) walk away.

Option 1) I am not going to buy a Lexus at this time, heart is set on something else but no hard feelings toward Lexus at all.

Option 2) Seems like a smart idea - pay off is $19k, looks like the car brings $25-28k stock.

Option 3) Would be insane to do (see #2 above) seems like I would leave $ on table.

It has 55k miles on it and is in good-excellent condition.

So what do you guys think? Should I pay it off through Lexus Financial, get the title, then private sell it hopefully for mid-high $20k?
Is it easier to sell it as is or put OEM back on it? It would cost me labor to do.
I am not in a real hurry and don't mind putting out the cash for the pay off.

Do you think it would bring what I expect?

Details of the mods are in my signature below.
Attached Thumbnails Kicking the tires...decisions-lex07.08a.jpg   Kicking the tires...decisions-lex07.08b.jpg   Kicking the tires...decisions-gs350drop1.jpg   Kicking the tires...decisions-gs350drop2.jpg   Kicking the tires...decisions-gs350drop3.jpg  

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Old Mar 20, 2011 | 06:44 PM
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Looks great. Sell it as it is.
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Old Mar 20, 2011 | 06:50 PM
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Your likely to get less money for the car with aftermarket parts on it. Many older people aren t going to want a car rimmed up so you ll be catering to a specific group of people also limiting you
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Old Mar 20, 2011 | 07:35 PM
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i'd be more than happy to pay it off for you if you think about turning it back in..
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Old Mar 21, 2011 | 06:17 AM
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Originally Posted by Straight6
i'd be more than happy to pay it off for you if you think about turning it back in..
Well hopefully I will sell it! I am more inclined to take your offer if I was turning it in though, better to you then to the dealer to make insane profit from!!
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Old Mar 25, 2011 | 04:51 PM
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Buy it, part it (optional) and then sell.
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Old Mar 25, 2011 | 05:10 PM
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list your car on here with the mods. If your going to trade it in or sell private then put it back to OEM.

So what is the next ride??
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Old Mar 25, 2011 | 10:13 PM
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keep it I would unless you are unhappy with your GS
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Old Mar 28, 2011 | 07:41 PM
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I can't say I am unhappy with it! Just looking for a change.

I am going with the Cadillac CTS-V. I have a great opportunity with a 2011 and 4k miles on it. Takes the sting out of the purchase quite a bit. I know the owner and the history.
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Old Mar 28, 2011 | 08:49 PM
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i agreed make it stock, then sell it...

i'll trade you stock wheels for those to help you out. what are the specs, how good are tires?

JD
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Old Mar 29, 2011 | 09:18 AM
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Keep in mind that tax laws on leases in Texas are really screwed up. In most cases, you pay full sales tax on the car when you lease it (unless your dealer allowed you "tax credits" - a whole new story).

But then, if you decide to buy it from the leasing company at the end of the lease, you have the honor of paying taxes again on the full amount of the purchase price. This nullifies some of the effect of trying to buy it just to turn around and resell it again.
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Old Mar 29, 2011 | 10:12 AM
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Gorgeous GS, what are the mods on it?
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Old Mar 29, 2011 | 10:13 AM
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Never mind, just saw your signature! LOL
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Old Mar 31, 2011 | 01:49 PM
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Originally Posted by jdaniels07
i agreed make it stock, then sell it...

i'll trade you stock wheels for those to help you out. what are the specs, how good are tires?

JD

PM Sent...
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