End of Lease... What to do?
01-20-18, 02:27 PM
#1
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End of Lease... What to do?
So here I am again; the lease on my 2015 GS AWD FSport (perfect condition, 11k miles) is nearly up and I have no idea what I want to do. Frankly, there is nothing out there that really excites me right now. I was in the same spot at the end of my lease last time with my 2013 GS AWD FSport so I merely opted for the current gen, 2015 GS FSport. At this point, I think I will just hang on to my 2015 and wait for something I really want to buy, but I'd like some help with my options to do this based on this group's experiences and knowledge.
The residual is about $36k and I think that is more than it is worth (KBB says $30k). Is the dealer likely to negotiate the price of my car? I've heard some people say this is never negotiated, but I'd like to hear your opinion. I suppose I could just turn it in, wait for them to put it on their lot, then negotiate the price.
The residual is about $36k and I think that is more than it is worth (KBB says $30k). Is the dealer likely to negotiate the price of my car? I've heard some people say this is never negotiated, but I'd like to hear your opinion. I suppose I could just turn it in, wait for them to put it on their lot, then negotiate the price.
01-20-18, 02:41 PM
#2
One thing I can tell you is that if that car is in great shape, they're going to CPO that car and put it on the lot for like 38+ grand... so I doubt you'd save any money by waiting.
-Mike
-Mike
01-20-18, 02:42 PM
#3
Leased a 2014 and was seriously considering buying it out right at the residual value of $40,900. This was way above what the car was worth. I tried negotiating with the great folks at Lexus Financial Services and the dealership and got nowhere. So, I went another route and purchased a brand new leftover 2015 in January 2016. Got $15k off the price of the car so I got a brand new car for only $7k more than the residual value on the 2014. Best decision I made involving a car in years. The dealership sent the 2014 to auction when I turned it in.
01-23-18, 10:30 PM
#5
So here I am again; the lease on my 2015 GS AWD FSport (perfect condition, 11k miles) is nearly up and I have no idea what I want to do. Frankly, there is nothing out there that really excites me right now. I was in the same spot at the end of my lease last time with my 2013 GS AWD FSport so I merely opted for the current gen, 2015 GS FSport. At this point, I think I will just hang on to my 2015 and wait for something I really want to buy, but I'd like some help with my options to do this based on this group's experiences and knowledge.
The residual is about $36k and I think that is more than it is worth (KBB says $30k). Is the dealer likely to negotiate the price of my car? I've heard some people say this is never negotiated, but I'd like to hear your opinion. I suppose I could just turn it in, wait for them to put it on their lot, then negotiate the price.
The residual is about $36k and I think that is more than it is worth (KBB says $30k). Is the dealer likely to negotiate the price of my car? I've heard some people say this is never negotiated, but I'd like to hear your opinion. I suppose I could just turn it in, wait for them to put it on their lot, then negotiate the price.
There is no better luxury/performance sedan than the GS350 F Sport. Buy your car. If you don’t, you will probably regret it once you’re in something else. .
Last edited by GS350MIKE; 01-24-18 at 12:51 PM.
01-27-18, 01:18 PM
#7
How about the cleared out look of the new tail light assembly? I don’t like either of these “refreshes” better than my ‘14. I’d keep the one he’s got, if I were him.
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01-27-18, 02:06 PM
#8
Do you like the looks of the 2017 spindle? I much prefer mine...with the center section painted to match the dark grey of the upper and lower grills.
How about the cleared out look of the new tail light assembly? I don’t like either of these “refreshes” better than my ‘14. I’d keep the one he’s got, if I were him.
01-28-18, 08:20 AM
#11
01-28-18, 09:46 AM
#14
If they don't negotiate turn it in and get your 15 F-sport from another dealership. The '15 GS F-Sports are NOT $38K today.
01-28-18, 09:52 AM
#15
Lexus lost A LOT of money thinking the car will be worth in the 40s but boy are they wrong. It is worth 35K TOPS for a fully loaded, low mileage 15'. Lexus quoted me 28K for my 15 F sport AWD as trade in but my buy out will be $35-$36K. Still have a few months left on my lease.
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