Lease End Options
Thread Starter
Rookie
Joined: Oct 2014
Posts: 34
Likes: 3
From: Colorado
Lease End Options
Hi all,
Our CT lease is up April 1st, 2016 and we are looking to get into a 2015 RX350 before the Colorado winter hits and also take advantage of attractive deals on the remaining 2015s.
I have contacted a few Lexus dealers and they say our lease payoff is about $3500 over the market value of our CT (very disappointing) if we wanted to trade in today. They offer to cover the remaining 5 payments (around $1800) and then take that amount out of the $2000 lease incentives from Lexus or the discount off MSRP they are offering.
I was wondering if there was a better lease end option for us to make the switch to the RX. Does Lexus offer pull ahead programs closer to the lease end date (maybe the last 3 months of our current lease)?
Any input would be greatly appreciated...
Our CT lease is up April 1st, 2016 and we are looking to get into a 2015 RX350 before the Colorado winter hits and also take advantage of attractive deals on the remaining 2015s.
I have contacted a few Lexus dealers and they say our lease payoff is about $3500 over the market value of our CT (very disappointing) if we wanted to trade in today. They offer to cover the remaining 5 payments (around $1800) and then take that amount out of the $2000 lease incentives from Lexus or the discount off MSRP they are offering.
I was wondering if there was a better lease end option for us to make the switch to the RX. Does Lexus offer pull ahead programs closer to the lease end date (maybe the last 3 months of our current lease)?
Any input would be greatly appreciated...
Rookie
Joined: Apr 2013
Posts: 98
Likes: 0
From: CA
Hi all,
Our CT lease is up April 1st, 2016 and we are looking to get into a 2015 RX350 before the Colorado winter hits and also take advantage of attractive deals on the remaining 2015s.
I have contacted a few Lexus dealers and they say our lease payoff is about $3500 over the market value of our CT (very disappointing) if we wanted to trade in today. They offer to cover the remaining 5 payments (around $1800) and then take that amount out of the $2000 lease incentives from Lexus or the discount off MSRP they are offering.
I was wondering if there was a better lease end option for us to make the switch to the RX. Does Lexus offer pull ahead programs closer to the lease end date (maybe the last 3 months of our current lease)?
Any input would be greatly appreciated...
Our CT lease is up April 1st, 2016 and we are looking to get into a 2015 RX350 before the Colorado winter hits and also take advantage of attractive deals on the remaining 2015s.
I have contacted a few Lexus dealers and they say our lease payoff is about $3500 over the market value of our CT (very disappointing) if we wanted to trade in today. They offer to cover the remaining 5 payments (around $1800) and then take that amount out of the $2000 lease incentives from Lexus or the discount off MSRP they are offering.
I was wondering if there was a better lease end option for us to make the switch to the RX. Does Lexus offer pull ahead programs closer to the lease end date (maybe the last 3 months of our current lease)?
Any input would be greatly appreciated...
Moderator
Joined: May 2012
Posts: 1,263
Likes: 15
From: Florida
Dealer is probobly correct in his assessment of current value.
You can buy a nice 2013 CT200h premium for the low 20's.
I don't know what your payoff is but dealers don't want used CT's. I know this because I traded my 2012 in last month. They gave us $18.5k. Before putting it on their lot they put a new 12 volt battery, tires, alignment and fixed a small door dent/chip. They had it listed as a certified vehicle on their lot for $22k.
For example. here is a nice F-Sport CT for sale w/28k miles for sale for $20,788
http://www.cars.com/vehicledetail/de...9164/overview/
Wait for your lease to expire and then deal.
You can buy a nice 2013 CT200h premium for the low 20's.
I don't know what your payoff is but dealers don't want used CT's. I know this because I traded my 2012 in last month. They gave us $18.5k. Before putting it on their lot they put a new 12 volt battery, tires, alignment and fixed a small door dent/chip. They had it listed as a certified vehicle on their lot for $22k.
For example. here is a nice F-Sport CT for sale w/28k miles for sale for $20,788
http://www.cars.com/vehicledetail/de...9164/overview/
Wait for your lease to expire and then deal.
Last edited by FLYCT; Oct 11, 2015 at 09:28 PM.
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