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Buying a Used RX 330

19 messages,  Last post on Dec 19, 2008 at 10:04 PM

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What is this discussion about? Lexus RX 330, Certified Used (CPO), SUV

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#18 of 19 2006 Lexus RX330 AWD by ranajo Dec 19, 2008 (6:43 pm)
Our 36 month lease ends in March 2009 and we have the option to buy the car at a pay-off of approximately $27700 right now or alternatively at the residual of $26400 at the end of the lease. Our payments are $531 per month and we have three payments left.   We will be out of the country when the lease ends and would need to have someone else turn the car in when the lease ends - if we don't buy it.   The car is pretty loaded and has a navigation system with 31500 miles. It is in excellent condition except for a very minor dent - which would cost us about $700 to fix if we turned it in. If we purchased it, the barely noticeable dent is something we can live with. We also would need to replace the tires before turning it in - though that is something we would need to do anyway since the tread is somewhat worn. There is no mileage overage due - in fact our lease allows us 36K miles by the end of the lease.   My question: would it make sense to go ahead and purchase the car right away based on a price of $27,700. I checked the appraised value and it appears to be a good deal especially given that we know the history of the car - if one compares it to a CPO vehicle. We live in the DC metro area.   I would appreciate any advice on this issue. Replies to this message: briegel (Dec 19, 2008 10:04 pm)
#19 of 19 Re: 2006 Lexus RX330 AWD [ranajo] by briegel Dec 19, 2008 (10:04 pm)
Replying to: ranajo (Dec 19, 2008 6:43 pm) That is exactly what I did with my 2005 RX 330 AWD when it came off-lease one year ago. The residual value then was just about what your 2006 Residual value is now. I feel it was a good option for us. Go for it!

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