IS - 3rd Gen (2014-present) Discussion about the 2014+ model IS models

Lease ending : where would you go from here?

Thread Tools
 
Search this Thread
 
Old Jan 5, 2017 | 10:41 PM
  #16  
jincuteguy's Avatar
jincuteguy
Driver
 
Joined: Oct 2016
Posts: 184
Likes: 1
From: California
Default

How much does Lexus charge for every extra mile? is it $0.25 / mile? If your lease is ending, and you're 30k miles over the lease mileage cap, would you still return the car and pay $7500 for the extra miles? or would you purchase and keep the car?

Also, you said your IS350 has rock ships on the front bumper, if you return the car back to Lexus, will they charge any fees for those rock chips?
Reply
Old Jan 6, 2017 | 01:47 PM
  #17  
Miggy2349's Avatar
Miggy2349
Driver School Candidate
 
Joined: Nov 2016
Posts: 43
Likes: 3
From: Florida
Default

How about the q50 red sport? I don't think it's a bad option
Reply
Old Jan 6, 2017 | 05:40 PM
  #18  
jmull3r's Avatar
jmull3r
Instructor
5 Year Member
Liked
iTrader: (1)
 
Joined: Jan 2016
Posts: 1,080
Likes: 253
From: California
Default

i would have went to BMW as well as i really like the F30 3 series looks and interior, the A4 is nice, but the interior honestly doesn't do much for me, and i dont like infiniti period. even though if the '17 doesn't do much for you, i would suggest leasing another IS350 for another 3 years even if it is awd until the new model comes out, but i also suggest trying new things, so do whats best for you!
Reply
Old Jan 6, 2017 | 06:21 PM
  #19  
computerwi's Avatar
computerwi
Advanced
15 Year Member
Liked
Loved
 
Joined: Jun 2009
Posts: 643
Likes: 52
From: Alberta
Default

Originally Posted by corradoMR2
I checked out and test drove the XE a couple months back and the ride/handling are superb. Best in class. But, I couldn't get over that stark-looking interior, out-dated infotainment, and loud unrefined vibration-inducing diesel engine (didn't test drive the supercharged V6).

In short, I signed on a '17 blue A4 S-Line and it's a nicely polished car with nice tech, but I'm not feeling any passion for it. I miss the IS and looking to get back into a '17 (very soon)!
Looks like in the 2 days between that post and today, you've already switched back! What did you do with the A4?
Reply
Old Jan 6, 2017 | 06:26 PM
  #20  
JDR76's Avatar
JDR76
Lexus Champion
10 Year Member
Loved
Community Favorite
Top Answer: 1
 
Joined: Nov 2013
Posts: 13,276
Likes: 1,889
From: WA
Default

Originally Posted by computerwi
Looks like in the 2 days between that post and today, you've already switched back! What did you do with the A4?
Here is his thread.

https://www.clublexus.com/forums/car...t-2017-a4.html
Reply
Old Jan 7, 2017 | 08:34 AM
  #21  
Aeromotive's Avatar
Aeromotive
Thread Starter
Pole Position
10 Year Member
 
Joined: Apr 2013
Posts: 384
Likes: 2
From: Montreal, QC
Default

Originally Posted by jincuteguy
How much does Lexus charge for every extra mile? is it $0.25 / mile? If your lease is ending, and you're 30k miles over the lease mileage cap, would you still return the car and pay $7500 for the extra miles? or would you purchase and keep the car?

Also, you said your IS350 has rock ships on the front bumper, if you return the car back to Lexus, will they charge any fees for those rock chips?
As I said in OP I'm under mileage, and I'm not returning the car in all cases. I'd sell it to my brother.
Reply
Old Jan 7, 2017 | 05:18 PM
  #22  
jincuteguy's Avatar
jincuteguy
Driver
 
Joined: Oct 2016
Posts: 184
Likes: 1
From: California
Default

Originally Posted by Aeromotive
As I said in OP I'm under mileage, and I'm not returning the car in all cases. I'd sell it to my brother.
I know you're under mileage lease, but "IF" you're over the mileage about 30k more, so like 60k miles for example, would you return the car and pay the mile fees? or keep it? thx.

Because I just leaseed a White IS200T 3 months ago, and cause of my work commute, I will be 30k miles over the 30k mileage cap from the lease (so after 3 years end of my lease, it would be over 60k miles).
Do you think I should pay the mile fees $7500 , or keep the car?
Reply
Old Jan 7, 2017 | 06:54 PM
  #23  
387's Avatar
387
Intermediate
5 Year Member
Liked
 
Joined: Apr 2016
Posts: 288
Likes: 53
From: Toronto, ON
Default

At the minimum, definitely buy out the lease and keep driving it until you find something you like better, then sell it to your brother. Over the summer, I lease transferred a '14 IS350 AWD from my cousin off a 36 month lease (ended up being a $500 buyout fee and $250 lease transfer fee into my name. The car ended up being really cheap compared to the comparables on the market, even though mine was only a F sport Series One.

Even if you bought out your lease out and drove your car for a few months, I think you can drive it for free or. Or get in to a nice E90 M3, if you want to stay RWD. Your dealer I am sure wants your car back to sell as a CPO.

Perhaps for interest sake, test drive a 2017 model to see if you can appreciate updates and get the numbers for another 3 year lease as interest rates are probably lower now, since the current IS chassis is three years old, you might be able to drive the same car for less monthly. Since you had an F sport, maybe try an Executive trim level this time around.

It seems you have know and thought about every other comparable in the market and it probably looks like there isn't much out there. For the record, my cousin had a 2011 IS 350 AWD, which he broke the lease early to get into the '14. He is now driving an '16 C450 AMG, for less money than he was paying for the IS.
Reply
Old Jan 7, 2017 | 07:11 PM
  #24  
computerwi's Avatar
computerwi
Advanced
15 Year Member
Liked
Loved
 
Joined: Jun 2009
Posts: 643
Likes: 52
From: Alberta
Default

I would personally buy it out. There may be a small niche market for the 350 RWD that you can take advantage of, especially with low mileage and it looks like you've lowered and done some other mods. However, if you're gonna sell it to your brother and they demand the family price, then it will probably work out to the same as a trade-in at the dealer if you were going back for another IS.
Reply
Old Jan 7, 2017 | 09:05 PM
  #25  
Aeromotive's Avatar
Aeromotive
Thread Starter
Pole Position
10 Year Member
 
Joined: Apr 2013
Posts: 384
Likes: 2
From: Montreal, QC
Default

Originally Posted by jincuteguy
I know you're under mileage lease, but "IF" you're over the mileage about 30k more, so like 60k miles for example, would you return the car and pay the mile fees? or keep it? thx.

Because I just leaseed a White IS200T 3 months ago, and cause of my work commute, I will be 30k miles over the 30k mileage cap from the lease (so after 3 years end of my lease, it would be over 60k miles).
Do you think I should pay the mile fees $7500 , or keep the car?
It's a huge difference in mileage. Why wouldn't you pay for that mileage upfront when signing the deal? In Canada you pay much less when taking possession of the car compared to when you return it. Anyways, it doesn't make sense to pay 7500$ in overage. I'd just buy the car unless it took a big hit to its value (eg. major accident, flooded, etc.)

Originally Posted by 387
At the minimum, definitely buy out the lease and keep driving it until you find something you like better, then sell it to your brother. Over the summer, I lease transferred a '14 IS350 AWD from my cousin off a 36 month lease (ended up being a $500 buyout fee and $250 lease transfer fee into my name. The car ended up being really cheap compared to the comparables on the market, even though mine was only a F sport Series One.

Even if you bought out your lease out and drove your car for a few months, I think you can drive it for free or. Or get in to a nice E90 M3, if you want to stay RWD. Your dealer I am sure wants your car back to sell as a CPO.

Perhaps for interest sake, test drive a 2017 model to see if you can appreciate updates and get the numbers for another 3 year lease as interest rates are probably lower now, since the current IS chassis is three years old, you might be able to drive the same car for less monthly. Since you had an F sport, maybe try an Executive trim level this time around.

It seems you have know and thought about every other comparable in the market and it probably looks like there isn't much out there. For the record, my cousin had a 2011 IS 350 AWD, which he broke the lease early to get into the '14. He is now driving an '16 C450 AMG, for less money than he was paying for the IS.
I've been considering the puchasing option and there are good chances that's what gonna happen. It's just that 15% taxes + replacing brakes and tires to sell it a year later sounds like wasted money... that's what holding me off until now.

Originally Posted by computerwi
I would personally buy it out. There may be a small niche market for the 350 RWD that you can take advantage of, especially with low mileage and it looks like you've lowered and done some other mods. However, if you're gonna sell it to your brother and they demand the family price, then it will probably work out to the same as a trade-in at the dealer if you were going back for another IS.
Car is bone stock. The IS350 RWD being discontinued in Canada, I don't know if that's a good or a bad thing : either it will be in demand because it's an extremely rare model, or nobody wants it and that's why they discontinued it :/
Reply
Old Jan 7, 2017 | 11:36 PM
  #26  
jincuteguy's Avatar
jincuteguy
Driver
 
Joined: Oct 2016
Posts: 184
Likes: 1
From: California
Default

I would have taken the mileage cap higher if I was sure how much it would be, but at the time I wasn't sure of how much i would be driving, that's why.
Well I would pay $7500 and return the car, cause then I can lease a brand new car. I just dont like the feeling of driving any car after 3 years old.
Reply
Old Jan 8, 2017 | 03:25 PM
  #27  
Aeromotive's Avatar
Aeromotive
Thread Starter
Pole Position
10 Year Member
 
Joined: Apr 2013
Posts: 384
Likes: 2
From: Montreal, QC
Default

^^That's where personal opinions/relationship to money come in play
Reply
Old Jan 8, 2017 | 11:43 PM
  #28  
Ray20213's Avatar
Ray20213
Lead Lap
 
Joined: Feb 2016
Posts: 432
Likes: 14
From: Ca
Talking Well for me .....

I personally would go back to a German car... specifically VW,my last two cars now were Japanese (nissan370 Z) and my current Lexus I S 200T
prior to going to Nissan I had a Volkswagen golf R and absolutely loved that car!! I had upwards of 90,000 miles and didn't have one single problem with it( it was built flash exauhst intake ETC.) But after having it a while I decided to go with a two door sports car I guess it was just a phase I was going through I also built the 370 Z to just stupid fast power (525 HP) .... many many tickets later and almost killing myself LOL... I was over it and I decided to go with a luxury make that's how I ended up with Lexus. I don't necessarily regret the decision I do like my current lexus....but have to admit after having that power on hand I actually really miss it!! and there's something to be said for the fit and finish of a German made car. In my opinion not necessarily better just different.... it's kind of hard to put into words but I have made the decision I'm definitely going back to VW...the current golf R is very limited production and to be honest it isn't really in my best interest to trade out of my car this early (i'm only one year into a three-year lease )but I'm definitely going back when the new version comes out in 2019 because for the price point of the golf R at almost identical numbers as a Porsche Cayman 300 hp and 0-60 4.9 for right around 40 grand you can't beat it. And that's at stock stats I might add once you get into building the vehicle ( exhaust, intake, flash etc.) you're talking about serious fun. Not to mention it has every amenity that my current Lexus has and the interior is way way nicer, Also supposedly the new version of the golf R is going to have way more horsepower than the current model so I'm definitely looking forward to it just hanging on my to my car for A year and a half more .... anyways to each their own that's my .02 cents
Reply
Old Jan 9, 2017 | 01:08 PM
  #29  
arentz07's Avatar
arentz07
Moderator
5 Year Member
Shutterbug
Community Influencer
Community Favorite
 
Joined: Nov 2016
Posts: 9,612
Likes: 4,801
From: GA
Default

If it were me, I probably would have traded out of my lease early (that's how I got into the IS I have now), but let's say I kept it till the end. With some rock chips, the dealer will probably not charge a fee. That would be normal wear and tear, from my experience. My last car, a Camry, had a few rock chips, as well as a small scratch on the driver's door handle and a smudge in the clear coat on the rear bumper - no problem.

There are lots of good options on a replacement for the car - the C-class is probably my second-favorite in the segment. I think buying it and selling to your brother once you have found a new car is a good move.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
deadpand4
IS - 3rd Gen (2014-present)
6
May 1, 2017 01:07 PM
Aeromotive
IS - 3rd Gen (2014-present)
10
Apr 3, 2016 12:24 PM
diablo1
IS - 2nd Gen (2006-2013)
16
Aug 8, 2008 04:56 PM
Griffey222
IS - 2nd Gen (2006-2013)
19
Jun 5, 2006 10:32 AM
tdog09
IS - 2nd Gen (2006-2013)
3
Mar 27, 2006 08:36 AM




All times are GMT -7. The time now is 06:03 AM.