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Prices Paid: Buying & Leasing Experiences Lexus GX 470 Prices Paid and Buying Experience
1072 messages, Last post on Sep 02, 2008 at 10:51 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: gold233790 (Nov 24, 2007 10:24 am) |
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Replying to: quaker09 (Nov 25, 2007 6:02 pm) That being said, the price of the car doesn't have a ton to do with whether it makes sense to lease. Often the captive financial companies of the vehicles artificially increase numbers in order to move them on leases. For example, the 5 series BMW is a very good car to lease instead of buy. BMW's out of warranty can be extremely expensive, and the residual values of those cars on three year leases are 60%, meaning that the difference between buying and leasing in terms of $ are extreme....and then you aren't saddled with several K expenses out of warranty. Just an example. $ for $ for someone who is going to own a car for many years? No-brainer that buying is a better option. But leasing does have advantages.
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Replying to: gold233790 (Nov 26, 2007 12:19 pm) |
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Replying to: quaker09 (Nov 25, 2007 6:02 pm) Leasing can make financial sense even taking out personal buying patterns for vehicles (i.e. tendency to buy cars every two or three years). Lease support and multiple security deposits can significantly lower the cost of financing - possibly even better than traditional loans. However, zero percent loan options currently in the marketplace (not from Lexus) definitely outperform leases. Finally, leases can act as a hedge when acquiring a new SUV. With rising gas prices and the trend towards better MPG, today's SUVs have a decent chance of accelerated depreciation similar to the large sedans of the 70s. A lease sets the residual at the beginning of the term, mitigating depreciation risks. If the value at the end of the lease is well below the residual, one can simply turn the car back into the dealer and walk away. If the worst does happens (meaning today’s SUV are yesterdays Oldsmobile), purchasing the car today leaves one in dire shape in the future. |
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...unfortunately.. this isn't the place for it.. Let's stay on the specific topic at hand... Other members come here to find out what prices are being paid.. for this particular vehicle... Thanks! kyfdx |
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I have helped several readers of this forum looking for a great deal on GX or LX via my contact at a NJ based dealer. If you want my contact's info, please send me a note to phula11231 at yahoo.com. I am not associated with, related to, or othwise employed by this dealer/salesman. What I did was a LOT of research before buying my Lexus, and am happy to pass my info to other readers of this board. Happy Holidays Ed in NJ
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Replying to: quaker09 (Nov 25, 2007 6:02 pm) |
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I traded in a 2006 GS 300 with 12900 miles plus $13,000 on a new load GX 470 with only 2 miles on it. Any thoughts or comments? was trade
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Replying to: gjohn10535 (Dec 08, 2007 7:06 pm)
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Replying to: wantrx330 (Dec 10, 2007 4:29 pm) |
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