Early Lease Return: Is it better to wait?
03-07-20, 08:09 AM
#1
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Early Lease Return: Is it better to wait?
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Last edited by clarkentco; 03-07-20 at 02:29 PM. Reason: I don't know how to delete this.
03-07-20, 09:57 AM
#3
Lexus Fanatic
My question is, is a move to a 2020 RX450h F Sport from a 2017 RX350 enough of a change to alleviate you being "bored stiff"? Its basically the same car.
Couple things:
1. You need to stop leasing for 4 years and lease for 3 years.
2. You have to see one of these leases out and get the negative equity under control and stop rolling it over into the next one
Couple things:
1. You need to stop leasing for 4 years and lease for 3 years.
2. You have to see one of these leases out and get the negative equity under control and stop rolling it over into the next one
03-07-20, 10:25 AM
#4
Lexus Fanatic
iTrader: (20)
am getting bored diving the same car around all the time
isn't that what we do?
unless we have multiple vehicles. respectfully, it sounds like you're easily bored and are paying a heavy price in fees, rates changing so much, piling up early trade-in amounts.sounds like you need to change cars less or make more money
03-07-20, 11:07 AM
#5
Lead Lap
That would be an easy answer for me, I would just keep it until December. I could use $12k on other things I would like to have. It’s really what you feel comfortable paying. $12k may not mean much to you but to me it does. For example, if the new M3 came out and was badass, my threshold for ending my current lease to get into a new M3 is about $5k. Luckily the new front end is so ugly I probably won’t have to worry about it.
03-07-20, 12:06 PM
#7
Racer
If I were you, I would try to chill and be content with what I have & when this lease is finally up, don't get another RX. Moving from an RX 350 to an RX 450h will not keep you entertained. It's essentially the same car which you will get bored of again.
How over-mileage are you? We were over mileage on our 2015 GS lease by a significant amount and Lexus did us no favors. We ended up buying out the lease, which in essence caused us to spend $65,000 on a $53,000 car and yet this was still cheaper than paying the excess mileage fees.
Good luck to you.
How over-mileage are you? We were over mileage on our 2015 GS lease by a significant amount and Lexus did us no favors. We ended up buying out the lease, which in essence caused us to spend $65,000 on a $53,000 car and yet this was still cheaper than paying the excess mileage fees.
Good luck to you.
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03-07-20, 12:11 PM
#8
Lexus Champion
Hello everyone. I am in a lease with my 2017 RX 350 (which I love) but am getting bored diving the same car around all the time and want a 2020 RX450h F-Sport to drive something different. It is a 4 year lease with 10k miles allowed per year and is up to 41,000 miles (yeah, I'm over on miles and not concerned about that as I write this).
My lease matures fully on March 7th, 2021.
Sadly, this is my 7th Lexus lease and I keep carelessly trading the lease, writing a check and getting a different Lexus model or carrying some negative equity as I move to something new.
I understand that I might be able to have the last 3 payments waived and some fees waived if I return it early in December (3 months before my lease is up and during December to Remember... great timing) but am bored stiff with my car. I love it... but am over it. Oops, I forgot to give an important detail, it was caught up in two HUGE hail storms and had a $20k claim followed by a $10k claim, and Humpty Dumpty is back to normal (another reason I am over this car). The dealer said I am about $12k up side down if I trade today.... with miles I would have about 8,000 too many miles by December. What would you do? (thanks in advance Lexus guys and gals)
Lastly does ANYONE know if there are extra incentive to get out of my lease when the lease is nearly at maturity? My other vehicles is about 6 months before the maturity date and I have already gotten offers to save a certain dollar amount on various models of cars.
My lease matures fully on March 7th, 2021.
Sadly, this is my 7th Lexus lease and I keep carelessly trading the lease, writing a check and getting a different Lexus model or carrying some negative equity as I move to something new.
I understand that I might be able to have the last 3 payments waived and some fees waived if I return it early in December (3 months before my lease is up and during December to Remember... great timing) but am bored stiff with my car. I love it... but am over it. Oops, I forgot to give an important detail, it was caught up in two HUGE hail storms and had a $20k claim followed by a $10k claim, and Humpty Dumpty is back to normal (another reason I am over this car). The dealer said I am about $12k up side down if I trade today.... with miles I would have about 8,000 too many miles by December. What would you do? (thanks in advance Lexus guys and gals)
Lastly does ANYONE know if there are extra incentive to get out of my lease when the lease is nearly at maturity? My other vehicles is about 6 months before the maturity date and I have already gotten offers to save a certain dollar amount on various models of cars.
03-07-20, 12:13 PM
#9
Lexus Fanatic
If I were you, I would try to chill and be content with what I have & when this lease is finally up, don't get another RX. Moving from an RX 350 to an RX 450h will not keep you entertained. It's essentially the same car which you will get bored of again.
How over-mileage are you? We were over mileage on our 2015 GS lease by a significant amount and Lexus did us no favors. We ended up buying out the lease, which in essence caused us to spend $65,000 on a $53,000 car and yet this was still cheaper than paying the excess mileage fees.
Good luck to you.
How over-mileage are you? We were over mileage on our 2015 GS lease by a significant amount and Lexus did us no favors. We ended up buying out the lease, which in essence caused us to spend $65,000 on a $53,000 car and yet this was still cheaper than paying the excess mileage fees.
Good luck to you.
03-07-20, 12:47 PM
#10
Lexus Fanatic
Welcome to CL and Car Chat as a new poster. 
I agree with both SW17LS and signdetres. First, going from a regular RX to a hybrid F-Sport is essentially just the same vehicle with a different powertrain, wheels/tires, and interior trim. Yes, you will get better mileage from the hybrid, but it will take a lot of saved gas to pay off the difference....more than is feasible. Second, if you have driven it for three years, a fourth shouldn't be that big a deal. If it IS a big deal to you, and you are willing to take a bath, then go for it....but I wouldn't.
I agree with both SW17LS and signdetres. First, going from a regular RX to a hybrid F-Sport is essentially just the same vehicle with a different powertrain, wheels/tires, and interior trim. Yes, you will get better mileage from the hybrid, but it will take a lot of saved gas to pay off the difference....more than is feasible. Second, if you have driven it for three years, a fourth shouldn't be that big a deal. If it IS a big deal to you, and you are willing to take a bath, then go for it....but I wouldn't.
03-07-20, 07:42 PM
#11
Lexus Fanatic
iTrader: (20)
$12K was LESS than you'd pay for over mileage? How many miles were you over?
03-07-20, 08:19 PM
#12
Lead Lap
iTrader: (1)
The OP deleted his entire post. No point to post any more for his benefit.
03-07-20, 08:33 PM
#14
Lexus Fanatic
He may have done it accidentally, intending to edit or change something in the post and deleting the whole thing instead. That's easy to do with the way some computers respond to CL's data base...especially for a new and inexperienced poster. .
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