$550 a month for an IS...Possible?
#16
Originally Posted by unit74
How much did you put down? On our 330, our drive off was around $2500. Car was $42k sticker and all we got was "free " floormats.
This is the first time I'm leasing a car. I'm trying to follow the "Buy what appreciates and lease what depreciates" mentality. We'll see if I'm better off financially by leasing the IS350.
#17
Originally Posted by izzyracer
I 've had an is300, matrix xr, bmw 330i, infiniti fx35, scon xb, and now my IS350. All these in a span of 4 years. So yes i think leasing is for me.
#18
Here is an example:
$522 for 36 month, after 3200 down. 23644 Buy out. Residuals on an IS350 with Navigation also stay the same at 62% for a 36 month 12K miles/year lease and 59% for a 39 month 12K miles/year lease(Total selling price: $41500.00).
Your credit score will vary the above to a certain extent.
$522 for 36 month, after 3200 down. 23644 Buy out. Residuals on an IS350 with Navigation also stay the same at 62% for a 36 month 12K miles/year lease and 59% for a 39 month 12K miles/year lease(Total selling price: $41500.00).
Your credit score will vary the above to a certain extent.
#19
Originally Posted by trent
It all depends on down payment, and if there is any specials going on at the time,(doubtful since the car just came out) I agree with others on this forum that you'll need to contact a dealer to get a more accurate figure. Personally I'll never lease a car.
#20
Originally Posted by lexusboi
Same here, especially given the high residual value the IS will still have after 3-5 years. If I'm making such high monthly payments, I want to have an actual investment at the end.
But seriously, buying a car is like buying a house in a downward real estate market. If you know your house is going to be worth less in 3 years than right now, wouldn't you rather lease your house for those 3 years?
#21
Originally Posted by diablo1
Just to play devil's advocate: why invest in something that you *know* will go down in price? When you "invest" in a stock, it may go up or down. You hope it goes up. Same with real estate. But, when you buy a brand new mass-produced automobile, you are *guaranteed* to lose about 30% of the value that you paid for it within three years, sometimes much more. I'd be happy to let you "invest" in this $100 bill I have here. Three years from now I'll give you $70.
But seriously, buying a car is like buying a house in a downward real estate market. If you know your house is going to be worth less in 3 years than right now, wouldn't you rather lease your house for those 3 years?
But seriously, buying a car is like buying a house in a downward real estate market. If you know your house is going to be worth less in 3 years than right now, wouldn't you rather lease your house for those 3 years?
It's all a matter of preference and your financial situation, but I've taken the "buy what appreciates, lease what depreciates" saying to heart as of late.
#22
Originally Posted by diablo1
Just to play devil's advocate: why invest in something that you *know* will go down in price? When you "invest" in a stock, it may go up or down. You hope it goes up. Same with real estate. But, when you buy a brand new mass-produced automobile, you are *guaranteed* to lose about 30% of the value that you paid for it within three years, sometimes much more. I'd be happy to let you "invest" in this $100 bill I have here. Three years from now I'll give you $70.
But seriously, buying a car is like buying a house in a downward real estate market. If you know your house is going to be worth less in 3 years than right now, wouldn't you rather lease your house for those 3 years?
But seriously, buying a car is like buying a house in a downward real estate market. If you know your house is going to be worth less in 3 years than right now, wouldn't you rather lease your house for those 3 years?
#23
I definitely disagree with this reasoning. What you have to show for paying for three years is three years of driving the car. Plenty of people choose leasing even though they could "afford" to buy the car. What do you have to show at the end of paying rent for three years? Nothing, according to your logic, but it's definitely still better than being homeless for three years! So it's not like you threw the money away.
#25
Originally Posted by Morrissey
My drive off was $3000. The sticker price was around $41K...they wouldn't really budge from it. My monthly payments are $560/mo.
This is the first time I'm leasing a car. I'm trying to follow the "Buy what appreciates and lease what depreciates" mentality. We'll see if I'm better off financially by leasing the IS350.
This is the first time I'm leasing a car. I'm trying to follow the "Buy what appreciates and lease what depreciates" mentality. We'll see if I'm better off financially by leasing the IS350.
#26
Originally Posted by izzyracer
You guys got a definite better deal than myself. I had to put 7k down from my trade to get the 528 payment and the car will cost 25k to buy after 3 years. oh my! I feel fooled.
#27
I seriously doubt you'll be able to get an IS350 with zero down for $550/month especially if you put the sales tax in the payment even with the high residuals they have now.
BTW, to those people who put money down on a lease or paid the taxes up front, that's not really a good idea (no offense). If your car is stolen or totalled during the lease, you'll never get any of that money back. The insurance company writes a check to the owner of the car which is the leasing company. Gap insurance in the lease covers anything that the insurance company doesn't cover. Yes you'll pay interest on all that extra money in the lease but if the money factor is low, don't worry about especially when you factor in inflation. If you were buying the car it would be different because if anything happens, you'd get the check from the insurance company. Let's put it this way. How would you feel is you put $4K or $5K down to lease the car and the car was stolen the first week you had it and you didn't get the money back?
BTW, to those people who put money down on a lease or paid the taxes up front, that's not really a good idea (no offense). If your car is stolen or totalled during the lease, you'll never get any of that money back. The insurance company writes a check to the owner of the car which is the leasing company. Gap insurance in the lease covers anything that the insurance company doesn't cover. Yes you'll pay interest on all that extra money in the lease but if the money factor is low, don't worry about especially when you factor in inflation. If you were buying the car it would be different because if anything happens, you'd get the check from the insurance company. Let's put it this way. How would you feel is you put $4K or $5K down to lease the car and the car was stolen the first week you had it and you didn't get the money back?
#29
Originally Posted by izzyracer
You guys got a definite better deal than myself. I had to put 7k down from my trade to get the 528 payment and the car will cost 25k to buy after 3 years. oh my! I feel fooled.
Just out of curiousity, what was the sticker price on the car (plus TT)?
#30
Originally Posted by Travis
So if you buy out the lease the car's total cost ends up being 51008. (plus of course the opportunity cost on the $7K down payment).
Just out of curiousity, what was the sticker price on the car (plus TT)?
Just out of curiousity, what was the sticker price on the car (plus TT)?