KingZee

I just leased for $2k down $475/mo OTD. Sticker was $56k with Navi, heated/cooled seats, blind spot monitor and rear cross-traffic alert. Pretty happy with the deal. Same as simer about $8k off sticker. I'm in SoCal

jkonquer

yes, your number is about right with $3k less vehicle compared to $59-60k.

situman

Latest lease promotions are pretty crappy. $459/4000 on a $53k MSRP. Dealer insists i go in to chat. It will probably be a very short discussion since I dont plan on budging from a 400-425/2400 out the door on a $59k MSRP.

HedgeFund

for those who lease, are you planning to purchase it at the end of lease? Can you negotiate the end lease purchase price?

JDMUSCLE

iTrader: (1)

coolsaber

Irrelevant but BMW used to the pricing right before a lease is up including even adding a CPO warranty, now its cracked down on that. It doesnt hurt to ask, but dont count on it. JDMuscle advice is sound. If you plan on buying later, instead of hoping for a lower residual or neg on lease end, just pick one up for peanuts anyways. While I dont think you`ll win at the depreciation awards now, it`ll probably better off when your out of warranty and 10 yrs removed while everyones driving some unibody e mobile. Overlanding makes these things have an extreme resell curve later on

KingZee

I've always been under the impression that the price of the vehicle is set at time of lease by the "residual value". They already lowered the sticker for my GX by $8k when I leased it.

Roughneck

My experience with both Toyota and Lexus leases is that the residual is preset as part of the lease contract. In all cases, my residual has always been lower than market value. So, I have never returned a leased vehicle. I have always sold privately and walked away with some cash.

The best way to get a good lease deal is to forget about what monthly payments you want to make. Negotiate the sale price of the care like you were negotiating a cash purchase. A good sale price will always result in lower monthly payments - interest rates and residual being constant (Toyota Financial Services). Understanding things like invoice pricing and current manufacturer rebates helps you negotiate the best price. Never get into the monthly payment debate with a dealership - it is one argument you will lose. Focus on the final price.

In OP's case he might also qualify for some loyalty programs since he is moving from a GS. I wants got 2 percentage point loyalty reduction on interest rates when I upgraded. from a Toyota to a Lexus.