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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1587 messages, Last post on Dec 06, 2009 at 7:23 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: nc_driver1 (Nov 26, 2005 9:25 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: talker (Nov 26, 2005 2:13 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: xtonyfx (Nov 28, 2005 10:54 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: mikedust (Nov 29, 2005 7:10 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: jerold (Nov 30, 2005 9:05 am) You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Dec 01, 2005 4:06 am)
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Replying to: xtonyfx (Dec 01, 2005 6:56 am)
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Replying to: malenky (Dec 01, 2005 8:35 pm) good luck |
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Car_man, I am currently leasing a 2003 RX300 (last year of old body style) for $514 after tax. My 39 month (12k/year) lease ends at the end of March 2006. The car has very low miles (21k) and is in good shape, also, I am pretty happy with the car as I prefer this body style to the new one. I would really like to move to a RX330 but rates and and prices have gone up and its just not as good a lease as my RX300, plus the whole timing of the deals going on now and when my lease actually ends is making this process very annoying. A friend said that I should ask LFS if I can extend my lease (through say the end of 2006). He also suggested I try asking for the remaining 9 months with no miles associated with them (as the car has low miles), in hopes of possibly getting a lower payment. Does LFS typically allow extending of leases? Am I silly to think I might be able to get a lower payment by asking for no miles? Thanks (sorry if this is a tad off topic of rx330 leases).
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Replying to: Car_man (Dec 01, 2005 3:53 am) $39K seems to be a pretty aggressive Cap Cost.($5K off MSRP) based on other Forum entries. Are you sure that's reasonable? Second, with those numbers and a 57% resid and .00225 MF (Dec. to Remember), I'm not able to come with $509 (seems too low). What am I missing? Don't get me wrong, $509 seems great, just want to make sure before I ask a dealer for it. Thanks.
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