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Iconic Lexus 'December to Remember' Event Returns

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Old 12-16-21, 03:43 PM
  #31  
mikedozz
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Exactly, my GS lease ends next month, buyout is 24k, offered 39k from carmax, I can sell it directly to Carmax, problem is with everything inflated, what would I get next.
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Old 12-16-21, 04:21 PM
  #32  
situman
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"Only" $10k above msrp is such a deal.
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Old 12-17-21, 07:01 AM
  #33  
bitkahuna
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Originally Posted by mikedozz
Exactly, my GS lease ends next month, buyout is 24k, offered 39k from carmax, I can sell it directly to Carmax, problem is with everything inflated, what would I get next.
that's truly mind blowing.
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Old 12-17-21, 11:59 AM
  #34  
mmarshall
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Originally Posted by SW17LS
Mike, admit that you didn't understand how residuals and buyouts work with leases. The point you were trying to make was incorrect.
Not according to the person I originally addressed the comment to, but I'm not going to argue all day.

Moving on.
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Old 12-17-21, 12:58 PM
  #35  
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Originally Posted by bitkahuna
it will certainly be a 'december to remember' - msrp and higher, little to choose from...

I suspect, though, that with most people generally shopping this time of year for other things then vehicles, there might be some downward trend on prices. When I reviewed both the GV70 and the Bronco Sport, both shops told me they were letting the majority of vehicles go at MSRP. Of course, some reps will tell you anything right off the cuff.....when hard-bargain time comes, it might (?) be a different story.
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Old 12-18-21, 05:56 AM
  #36  
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Originally Posted by mmarshall
Not according to the person I originally addressed the comment to, but I'm not going to argue all day.

Moving on.
No, you just didnt actually understand what that person was saying. He said he was "loosing sleep over what may be" meaning what he was going to have to pay for a new car, not what he was going to do with his current car. The ONLY person here who is saying that residual values in a lease are variable with market values is you, and that is wrong.

I am concerned about that too, right now lease prices are astronomical, like over $1,000 more a month than what I am paying for the same car...the least of my worries is what to do with my S Class which I could for sure sell or trade for way more than the residual if the market is still like this in 2 years.
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