Car Chat General discussion about Lexus, other auto manufacturers and automotive news.

Has anyone negotiated the payoff price at end of lease?

Thread Tools
 
Search this Thread
 
Old 01-08-16, 08:30 AM
  #1  
situman
Pole Position
Thread Starter
 
situman's Avatar
 
Join Date: Jul 2010
Location: NY
Posts: 3,449
Received 166 Likes on 115 Posts
Default Has anyone negotiated the payoff price at end of lease?

Quick question, is the pay off price at the end of the lease negotiable? My payoff is a little under $32k for my 2015 through LFS. Has anyone tried and successfully got the price lowered?
situman is offline  
Old 01-08-16, 09:26 AM
  #2  
jonathanz
Advanced
iTrader: (2)
 
jonathanz's Avatar
 
Join Date: Dec 2010
Location: NY
Posts: 536
Received 11 Likes on 10 Posts
Default

i would like to know as well since i MIGHT purchase after lease!
jonathanz is offline  
Old 01-08-16, 09:28 AM
  #3  
organa7
Rookie
 
organa7's Avatar
 
Join Date: Jun 2012
Location: AL
Posts: 57
Likes: 0
Received 2 Likes on 2 Posts
Default

I just started a lease on a 2013 GS 350 Luxury. I asked about, although not to hard. The answer I got back from the salesman is that the price comes from Lexus Financial directly and they are not allowed to change it. Don't know how true that is. Salesmen will say anything.
organa7 is offline  
Old 01-08-16, 12:53 PM
  #4  
gengar
Lexus Test Driver

 
gengar's Avatar
 
Join Date: Nov 2007
Location: NV
Posts: 5,285
Received 43 Likes on 33 Posts
Default

Lexus Financial's reputation is no negotiations, and there have been a couple threads regarding this here on CL. See, e.g., this thread from 2010: https://www.clublexus.com/forums/ls-...xus-lease.html
gengar is offline  
Old 01-08-16, 06:02 PM
  #5  
yakim
Pole Position
 
yakim's Avatar
 
Join Date: Jan 2014
Location: West Virginia Hills
Posts: 234
Received 8 Likes on 7 Posts
Default

I don't know about Lexus but some manufacturers, ex BMW, would negotiate the lease residual price with a dealer, who then would re-sell the car to the customer for profit of usually $2-3 K. The dealer of course would deny that such a thing even exists
yakim is offline  
Old 01-09-16, 12:26 PM
  #6  
SW17LS
Lexus Fanatic
 
SW17LS's Avatar
 
Join Date: May 2012
Location: Maryland
Posts: 57,257
Received 2,730 Likes on 1,956 Posts
Default

LFS will never negotiate a residual. Ever. Some manufacturers will but not Lexus.
SW17LS is online now  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
lexinx
NX - 1st Gen (2015-2021)
9
10-09-19 06:55 AM
newyerker
ES - 6th Gen (2013-2018)
2
12-12-17 07:10 PM
atomarchio
RX - 4th Gen (2016-2022)
4
03-04-16 02:02 PM
Lavrishevo
IS - 3rd Gen (2014-present)
2
11-05-13 05:15 PM
zoombie99
GS - 4th Gen (2013-2020)
1
04-12-12 08:01 AM



Quick Reply: Has anyone negotiated the payoff price at end of lease?



All times are GMT -7. The time now is 11:51 AM.