Lease GS350 versus Buying

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03-02-19 | 08:28 AM

#16

Sgmartz

Driver School Candidate

Joined: Jan 2019

Posts: 20

Likes: 3

From: CO

I’m in the buy camp, just gotta be patient to get a great deal.

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03-02-19 | 08:32 AM

#17

dwayne4lex

Thread Starter

Driver

Joined: May 2010

Posts: 110

Likes: 10

From: GA

I leased and got a really bad deal on my 2014 GS350 F sport. Plus, at the end of the lease the residual value was $5,000 more than market value. And, the cars on the market were offered as CPO with far better interest rates for financing. This is why I planned to purchase a new 2015 leftover in January 2016 because dealerships were offering steep discounts to move these cars. I was also able to negotiate a better interest rate than what the dealership was advertising.

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03-02-19 | 08:35 AM

#18

joedaddy1

Racer

iTrader: (1)

Joined: Dec 2005

Posts: 1,899

Likes: 198

From: Orange County

Quote:

Originally Posted by pngo

I agree, but if a leaser who doesn’t care to change the oil at appropriate intervals, use quality gasoline, floors it while engine is cold, etc. will negatively affect the quality and life of the engine.

I’m that lessee. It could be negative F degrees in the morning, the car will be floored within a minute. Parked outside, washed every 3 months. All with 87-octane. Engine braking to save brake pads.. I love lease/rental cars

the cars I buy.. we baby it. Premium top tier gas only. 30 second warm up. Garage parked.. washed bi weekly.

At the WORST case scenario, I feel like leasing will be like paying ~$1,000-$1,500 in 3 years to make sure you like the car.

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03-02-19 | 10:16 AM

#19

gs350lex

Intermediate

Joined: Mar 2018

Posts: 286

Likes: 26

From: ONTARIO

Quote:

Originally Posted by peasodos

I still say the smartest option is to buy used and let someone else take the bigger hit. When I bought my car someone else took care of it for a few years so I can get it for 45% the original price.

I completely agree with this because in my personal opinion theres no use in purchasing new and taking a depreciation hit unless you are made of money 😅.

Also to me leasing is pointless on a Lexus because lets say for instance you leased the car for 3 years you would have paid almost half the cars value only to just toss it back to the dealer. Now leasing to buy is a different story as it may make more financial sense as opposed to buying it out from the start.

I know everyone has their own circumstances and owning a car for more than the lease term is not for them as they wish to change cars every few years.

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