Sash

We have a 2007 Lexus ES350 with another year of payments to go. About a week ago the dealership sent us a letter offering to take over the payments and allow us to choose another car. No excess mileage charge, no excess wear and tear, and no penalty . .

Sounds like a great deal right? After spending 4 hours negotiating at the dealership the best they could do was $5000 down (turns out Hann has a early termination fee) with $577 monthly payments for 48 months.

I guess it's safe to assume that trading in your car early is a huge rip off

kitlz

Yeah, I hate those letters. Like they really want my 04 (not!).

I asked my dealer for a lease quote this past weekend for my parents on a 350 with Nav. They wanted $694/mo, 36 months, 12K/year with no money down except first months' payment and fees totaling around $2200.

Hold on to your ES. That deal is bogus.

HaimK

Those letters will make you feel like you have the most wanted car in the world.

I got an 2010 RX350 Back in Aug. paying a Total of 580.00/mo 36 Months 12K with 2000.00 Down.

tazdevl

It's a new car that's selling well and is a great profit center for both Lexus and dealerships. Why would they start cutting lease deals that are favorable to customers?

MAB-RX

I just purchased my 2010 AWD 350 on Sunday - $2000 total out of pocket, $539.63/mo. 36 mos, 10k a year. The car has Nav, Comfort, Park Assist, etc, Smokey Granite w/ Black.

I bought from Jim Falk Lexus in Beverly Hills.