Buyout question for lease 2017 RX350
#32
Lead Lap
Here is what happened to me. I live in CA, Leased a 2015 NX, Lexus Financial sent me a a special offer with the payment coupon for the next lease payment. Lexus will waive the last 3 payments and disposition fee if you lease or finance another Lexus through LFS. I wanted to buyout the lease for the residual. The Lexus dealership said, no, you have to turn it in. The salesman told me to sell it myself on Craigslist and make a few thousand dollars since the residual is low. He even told me what to sell it for over the residual. He also told me the current value if they sold it on their lot. He also told me to go to CarMax to see what they would give for a fast and easy sale. Went to CarMax. I told them my lease was expiring soon and wanted to know if they were interested in buying my NX. They made me a written offer good for 7 days. Decided to take it avoid the issues of showing it to private parties. CarMax asked for my last payment coupon and we called LFS together to get payoff. Disposition fee waived. CarMax cut me a check for the difference over the residual on the spot. Easy transaction. I went back to Lexus and leased a 2018.
#33
If I do end up buying this car for $35k the total cost will be (35k+22k (lease 36/10)=$57k).
Actual MSRP was ~$55k but negotiated price was ~$51k. So I should have bought this car 3 years ago for $51k and now I am actually paying $57k.
You will always loose if you try to buy a lease car at the end of lease. Thats why I normally don't buy at the end of lease. If its been any German car like BMW or Audi I would never buy after a lease due to issues those cars see once the Warranty expired.
Lexus I think can hold on much better then Germans manufacturer .
Actual MSRP was ~$55k but negotiated price was ~$51k. So I should have bought this car 3 years ago for $51k and now I am actually paying $57k.
You will always loose if you try to buy a lease car at the end of lease. Thats why I normally don't buy at the end of lease. If its been any German car like BMW or Audi I would never buy after a lease due to issues those cars see once the Warranty expired.
Lexus I think can hold on much better then Germans manufacturer .
#34
Pole Position
I lease a 2017 RX350 for 3y/30k miles. I have 9 months left on the lease but already drove 31.5k miles so I am above the required mileage.
I am expecting to drive ~6k in next 9 month. My MSRP was ~55k and negotiated price was ~51k and my RV is ~35k.
SUV is in great shape and no issues except one wheel has a slight curb scrub.
I start getting emails from Lexus Financial and Lexus dealer and they already offering me a new lease with 3 month payments waived on the current lease.
I dont want to lease another RX350 and thinking either to Buy this out at ~35k or just take this to another dealer like Audi and lease a Q5 or Q7.
Current Buyout price is ~$39k
Does LFS negotiate the RV price since this Vehicle will be easily 8k above the 30k miles limit.??
I dont mind paying 30k-32k for this SUV but to me $35k is a bit extreme on a 38k miles SUV.
Now I did negotiate the deal for 36k miles but my Bad I never saw the Finance guy somehow use a 30k miles on the final lease doc ( honest mistake or an old trick, dont know).
I find that out after 1 year and they swear to me that paper shows 10k miles per year.
Any one has prior experience with LFS offering a better RV price then the original RV price. ?
I am expecting to drive ~6k in next 9 month. My MSRP was ~55k and negotiated price was ~51k and my RV is ~35k.
SUV is in great shape and no issues except one wheel has a slight curb scrub.
I start getting emails from Lexus Financial and Lexus dealer and they already offering me a new lease with 3 month payments waived on the current lease.
I dont want to lease another RX350 and thinking either to Buy this out at ~35k or just take this to another dealer like Audi and lease a Q5 or Q7.
Current Buyout price is ~$39k
Does LFS negotiate the RV price since this Vehicle will be easily 8k above the 30k miles limit.??
I dont mind paying 30k-32k for this SUV but to me $35k is a bit extreme on a 38k miles SUV.
Now I did negotiate the deal for 36k miles but my Bad I never saw the Finance guy somehow use a 30k miles on the final lease doc ( honest mistake or an old trick, dont know).
I find that out after 1 year and they swear to me that paper shows 10k miles per year.
Any one has prior experience with LFS offering a better RV price then the original RV price. ?
Thread
Thread Starter
Forum
Replies
Last Post