lexinx

I can't seem to find anything in this forum regarding the lease buyout price experience. Were you able to negotiate on the buyout price with the dealer or directly with Lexus Financial Services (Canada)?

Would love to hear your experience, good or bad.

Thanks!

JDR76

In the US, LFS does not allow you to negotiate the buyout price. I assume it's the same in Canada.

corradoMR2

^^^ +1 for Canada.

lexinx

Ah, I see! It seems the lease buyout price is usually higher than the market price at that time of lease end.

I like to buy out my car knowing that I have taken care of my car from Day 1.

LNXT200

I've been thinking the same thing, I always take good care of my cars,and the mileage is very low at the end of the lease.

dchar

Then you probably should've financed it rather than lease. It seems like Lexus tends to inflate their residuals to improve lease rates, which keeps people going back every few years to lease another one rather than buying it out.

User 41924

The buyout price is stipulated in the lease, and is NOT common for the customer to renegotiate it after the fact. I was having trouble with my dealer responding to inquiries a few year ago, and called Lexus Financial. They wouldn't even talk to me, saying I HAD to work with a dealer.

When I gave back my CT a few months ago, it was the first time I had ever been upside down on a Lexus lease (the buyout was more than the value) even though I had very low mileage and the car was in perfect shape. It didn't make any sense to buy it. On the other hand, my prior car was an IS350. It was worth $6K to $8K (retail) more than the buyout, so I was able to negotiate a trade in value as if it was a regular loan. They paid out the lease and applied the excess as a down payment on the CT. A month later, my car was on their used lot at full retail. I shoulda kept it. GREAT car!

UZ214

what's a good price for a 2016? about 35-30k miles

NSXT

2016 lease buyout is the last version with the best bang for the buck and I would assume similar to 2015. 2017+ buy back is higher since.

I got 4-5k equity value off my 2016 NX200t Fsport but I have been told that number will no longer exist

gulshan

price/mileage being more or less same a CPO is better than buying your lease end car. Extra 2 years warranty and get to pick a different color/options to spice things up ..and possibly a one year newer car