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Purchasing at the End of Your Lease

711 messages,  Last post on Sep 19, 2009 at 10:24 AM

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#550 of 711 Re: Thinking of buying my Lexus IS 250 lease, what do you think? [masn] by sebring95 Jan 05, 2009 (3:20 pm)
Replying to: masn (Jan 05, 2009 2:50 pm) So what's your residual? I'm guessing the $19,818 payoff number is the residual plus your last 1-2 payments? That would make sense.   FWIW, Toyota/Lexus financial will not negotiate the buyout. Even on those Tundras that are worth $5,000 less than the residual. Replies to this message: masn (Jan 07, 2009 10:09 am) volvomax (Jan 07, 2009 12:18 pm) sebring95 (Jan 07, 2009 1:13 pm)
#551 of 711 Re: Thinking of buying my Lexus IS 250 lease, what do you think? [masn] by qbrozen Jan 06, 2009 (8:52 am)
Replying to: masn (Jan 05, 2009 2:50 pm) Also, that payoff quote MAY include tax. You'll want to confirm.
#552 of 711 r350 eol by gadgetguy1 Jan 06, 2009 (10:32 pm)
Hi, r350 lease ends Jan, residual is 32k. I see similar models with lower mileage adveried around 26K. Lease is thru MBZ financial. Do they negotiate via the dealer rep? If so, is the process for me to make an offer based on fair market? I see my current choices as buy out and add the electronics this car lacks in aftermarket, or return and buy a different car..Thanks in advance.
#553 of 711 Re: Thinking of buying my Lexus IS 250 lease, what do you think? [sebring95] by masn Jan 07, 2009 (10:09 am)
Replying to: sebring95 (Jan 05, 2009 3:20 pm) I just called them and my residual is $19,217. LFS told me thst here in FL I need to deal with the dealer not with them. If I decided to buy it, besides the residual do they will charge me other fees (title, sfer, etc)?? if they do what's acceptable and what's not?   Thank you in advance. Replies to this message: volvomax (Jan 07, 2009 12:18 pm) sebring95 (Jan 07, 2009 1:13 pm)
#554 of 711 Re: Thinking of buying my Lexus IS 250 lease, what do you think? [masn] by volvomax Jan 07, 2009 (12:18 pm)
Replying to: masn (Jan 07, 2009 10:09 am) Dealer will have to collect the same fees they do on a regular sale. Tax, Title, Registration, Doc Fee, etc. They may or may not charge an additional fee for doing the deal in the first place.
#555 of 711 Re: Thinking of buying my Lexus IS 250 lease, what do you think? [masn] by sebring95 Jan 07, 2009 (1:13 pm)
Replying to: masn (Jan 07, 2009 10:09 am) As volvomax mentioned, the dealer handles it all. I found one willing to do it for $250. They're basically buying the vehicle from Toyota/Lexus and then selling it to you as a used vehicle. I found a couple that didn't want to do it at any cost. I'll bet they'd love to get $250 to push some paperwork today!
#556 of 711 purchase a leased vehicle by fastfix Jan 11, 2009 (2:41 pm)
I have a 06 Honda CRV, my lease is up in a few months and i am trying to decide if I should purchase the vehicle. My residual is 11,938, do you think with the current down trend in car sales, that they (Honda Financial Services) will negociate the residual price. It is the base model 2wd , with no additional options, 41K miles. thanks Replies to this message: kyfdx (Jan 11, 2009 7:34 pm)
#557 of 711 Re: purchase a leased vehicle [fastfix] by kyfdx HOST Jan 11, 2009 (7:34 pm)
Replying to: fastfix (Jan 11, 2009 2:41 pm) I've never known Honda Finance to negotiate..   Plus, even for a base 2WD model, the CR-V holds it's value better than almost any other vehicle.. $12K doesn't sound like a bad deal.. I traded in my '02 CRV EX AWD this summer and received $9K from the dealer.... with 106K miles!   It never hurts to ask... also, take a look at what your model is selling for at the local dealerships...   Good luck!
#558 of 711 WTB RX 330 2005 from my friend by TekOne Jan 11, 2009 (8:37 pm)
My friend has Rx 330 2005 going to be end of lease on mid of Feb. I want to buyout on end of lease. His car has 31k miles, good condition, but it had mild accident of back bumper and it has been fixed. Now, should my friend has better chance to call LFS for lowest buyout price or should I do it? The Trade in Value about 18- 19K, but I want to offer 15-16k since it has been accident. Please advice. Replies to this message: sebring95 (Jan 12, 2009 4:21 am)
#559 of 711 Re: WTB RX 330 2005 from my friend [TekOne] by sebring95 Jan 12, 2009 (4:21 am)
Replying to: TekOne (Jan 11, 2009 8:37 pm) Toyota/Lexus finance does not negotiate on the lease buy-out. I'm guessing they're insured against the residual. I've been through a couple buy-outs with them and talked to several folks up the chain of command and they claim it doesn't happen. I have also never found anyone on a forum that successfully negotiated with them.   In most states, they require you go through an auto dealer which is typically a PITA, but actually might benefit you. Some other leasing companies will only sell directly to the lessee, which could cost a lot more depending on your states sales tax (friend pays tax on buy out, then you have to pay sales tax to buy it from them).

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