Whats going on with Lexus IS residuals???

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Jun 29, 2019 | 11:08 AM

#16

premier3IS

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Joined: Feb 2017

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From: California

Quote:

Originally Posted by GaryJG

On my latest quote for a 15,000 mile per year lease the residual was 46%.

My MF was .00045.... I told them Lexus MF is around .00005 currently (which looks like is what they gave you on your quote) and they pretty much ignored it and didn't budge. How have you all been able to negotiate the MF down? I know that's where they inflate it a bit to make their $$$

Jun 29, 2019 | 11:52 AM

#17

GaryJG

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From: CA

I have over 18 Lexus dealers within about 50 miles from me, so they can't afford to play those tricks.

Jul 3, 2019 | 11:33 AM

#18

Break2

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Joined: Oct 2016

Posts: 325

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From: NJ

Quote:

Originally Posted by link13

Same boat here and I started car shopping 45 days out from my lease end. Alfa Giulia and BMW 330i required a substantial amount at lease signing. I have seen great deals that people got and reported on Leasehackr, but dealers here seem to love their cars so much that they don’t want them to leave the lot.

I ended up extending the lease on my IS350 for 6 months. I am looking non-Lexus too. BMW and Alfa seem willing to lease me a car with a High DAS as well. I am Tier 1 credit. I will just end up buying something.

You can extend your lease? How do you do that?