DragonIS350

Hello, this is my first time posting in this forum, found the forum from google so apologies if this post is not in the right section.

I previously owned a 2015 IS350 Fsport and loved it so much that I leased a 2021 RX350 F sport. I planned on keeping that car after the lease, but unfortunately inflation and a new job made that difficult. I had chose 7500 yearly miles and had 38xxx miles on it when I turned in my lease. I turned it in early October(lease maturity 11/01). It was in great shape besides a missing chrome front bumper piece and the extra miles.

My lease buyout was around $40,500.
The dealership is currently selling the car for $43,xxx.

I’ve yet to receive a letter/bill from Lexus regarding my excess mileage. I’m wondering how long that usually takes now that it’s been nearly a month since I turned the car in and they’re already trying to sell my car at the dealership. However I’ve received a check from LFS for overpayment of my lease. Am I in the clear? Or should I keep waiting for the bill that’s bound to come sooner or later? Thank you for any input!

jcg0324

Everything you are wondering about is probably in the fine print in your lease contract paperwork. I doubt that LFS misses any cash that customers might owe but you never know. Keep us posted.

sueszo

I think you are off the hook for excess mileage. The dealer purchased the car from Lexus Financial after you turned it in. This releases you from any damage or excess mileage. Now, if the dealer returned the car to Lexus Financial you would be responsible for the excess mileage.
I had a similar case when I turned in my Lexus GS. The front bumper had paint chips and the car needed tires. The dealer purchased the car and put it on their lot. I was never charged anything for excess wear and tear.

FastFord

You are over a month and LFS sent you a cheque....I would think you are good to go. I suspect someone signed off on your RX saw it had 38K and thought nothing of it. Guess they didn't check your lease deal.
This could have been a fairly big charge if someone noticed. Good for you! Don't answer the phone for a few months lol

jcg0324

This is a scenario where LFS has given the dealer an option to buy returned leased vehicles. Dealers only buy the cars they believe they can sell as the practice is solely a money-making venture. Cars they don't buy go to auction.