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Lexus IS 300: Lease Questions - READ ONLY

10 messages,  Last post on Oct 07, 2008 at 5:08 PM

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What is this discussion about? Lexus IS 300, Car Leasing, Hatchback, Sedan

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#5 of 10 Re: Lexus IS 300: Lease Questions [jason24] by Car_man HOST Dec 15, 2005 (3:32 am)
Replying to: jason24 (Dec 11, 2005 10:54 pm) Hi jason24. As you are well aware, 40,000 miles per year it a ton of mileage to put on any vehicle, especially a leased one. It appears as though you are going to be stuck either way. It probably going to be very expensive for you to get out of your lease this long before its scheduled end, but if you do wait until the end you are going to have to pay a huge excess mileage penalty to turn your car in. Your least expensive option is probably to continue driving your leased IS and then purchase it at the end of your lease. By doing so, you won't face any penalty or negative equity from terminating your lease early and will not have to pay an excess mileage charge.   Car_man Host Smart Shopper / Prices Paid Forums
#6 of 10 Lease Averages by cuzzy80 Feb 24, 2006 (2:27 pm)
Car Man, Thank you for your assistance in the Honda Accord Lease section. Quick question, what are the average Lease prices for a 2006 and 2005 IS 300, 36 month 15k a year? Secondly, what's your opinion about taking over a lease? Any hints you can offer? I was browsing a website that allows people to swap leases, and I was very interested in a 2004 IS 3000 that had 25 months left in the contract with a $379 monthly payment and allowed for 1416 miles/month. However, I am not sure what the Warranty for the IS is (3-year, 4-year, 5-year?). What's your opinion on swapping leases and what should one look for when taking over a lease? Replies to this message: Car_man (Mar 16, 2006 3:57 am)
#7 of 10 Re: Lease Averages [cuzzy80] by Car_man HOST Mar 16, 2006 (3:57 am)
Replying to: cuzzy80 (Feb 24, 2006 2:27 pm) Hi cuzzy80. I haven't seen any lease program for the 2005 IS 300 in a while. I don't believe that Lexus Financial Services is currently leasing this car. If you want one, you might be able to find an independent bank that will lease you one, more likely you would have to finance or pay cash for it. I don't think that there are too many leftover IS models still around. There is an entire discussion on leasing the 2006 IS. Click here to check it out: "Lexus IS 250/IS 350: Lease Questions".   There's nothing wrong with taking over someone's lease, assuming that they got a good enough deal on their vehicle and you are in the market for a short term lease. It often turns out that smart shoppers can get better deals on brand new vehicles than they lease that they were considering their own though.   Car_man Host Smart Shopper / Prices Paid Forums
#9 of 10 Already Leased IS 250 by alize915 Oct 07, 2008 (2:01 pm)
Car Man,   I leased an IS 250 about a month ago and have been very happy with the deal I got. I was nearing the end of the month and noticed that my payment book hadn't come in the mail yet. Then I got a call from the dealership saying that the bank would not accept the paperwork because the mileage allotment and the residual and monthly did not match up correctly. The dealership told me that there was a typo with the mileage allotment on the contract that I signed and that I need to come back in to sign a new one. They said that all the preliminary (scratch paper) paperwork noted that the negotiations were for 10k miles not more. And even though the contract I signed stated more miles, it is not a valid contract.   They want me to come back to the dealership to sign a new contract. Is my current contract valid? Or do I have to sign a new one? I've had the car for over a month and I don't want this to negatively affect me or my credit in any way. Is there anything I can ask for to offset this problem -- my deposit money back, free stuff, just renegotiate the whole contract over again? Replies to this message: Car_man (Oct 07, 2008 5:08 pm)
#10 of 10 Re: Already Leased IS 250 [alize915] by Car_man HOST Oct 07, 2008 (5:08 pm)
Replying to: alize915 (Oct 07, 2008 2:01 pm) Hi alize915. I am sorry to hear about this annoying situation. Unfortunately I don't believe that you will be able to ignore the dealer and keep your car under the current deal. If the bank did not accept the contract then it probably is not valid and you will have to go back and sign a new one...or you can just return the car and walk away from the deal, assuming that you didn't put too much money down or that the dealer would be willing to refund the money that you paid.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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