Currently have a 07 IS350 and just playing the figures here. I called my local Lexus dealership and they said the current model will drop in value about 10%. If i lease a new 2013 model and return it i will not see the dropped value when i return the vehicle after the lease. I am waiting on the sales rep to reply back with the numbers and proposed payments. Sounds like it may not be a bad idea. I only drive 6 miles to work every day so i could get the 10,000 mile a year option. I will let you know what kind of reply i get back. Thanks for your advice.

 

My advice, do it. The less 2IS's on the road the better for me and more unique my car will be.
Plus think about having a new car. That is going to make you feel really good to have a new car.
Enjoy the inflation

 

I would always lease if I have at least one other car just in case of a long trip. You should be in the 650-700 a month range for payment in a 3 year 10k setup (well unless you put a ton of cap cost reduction). At least I believe that's what the numbers should end up at.

 

I wouldn't do it. I would much rather pay into a car with minimal inflation that I will eventually own after a few years, rather than pay the same amount for a brand new car that I have to return in a few years. Just my opinion.. I think if it suits your lifestyle, then why not. Its essentially the same as renting an apartment versus buying a small house.

 

The leasing option sounds not bad considering the 10% value drop. But I will not lease another car unless the car is needed (eg: another family member needs a car now, my current ride is not reliable and need a backup, in transistion/waiting for a new model). It does not matter how much you save, in this case it is 10% which may be about $3000-$4000 factoring the depreciation. But in the end, you are spending extra ~$7000-$8000 per year to enjoy the a new (but soon to be old model) car.

Unless money is not a problem to you and you really like a 2013 is350, I recommend not to do it.

 

Just got the numbers back and to me it will not be worth it. I will just put a few more modifications on my car and ride it out. Just wanted to see what it would be.

 

Good choice. What have you done to the car so far?

 

5000K hid bulbs, wheels and tires, tint, led putco interior lights(super bright), fsport shift ***, invisible window visors. I plan on doing a lot more this summer. I bought the car from completely stock and slowly doing stuff to it. My future plans are hid fog lights to match my headlights, front lip kit, megan coilovers and new exhaust. Time is the issue and i am trying to do all the mods by myself.

 

Just make sure that 10% drop in value isn't factored into your leasing numbers.

 

I wouldn't. I would only get a 2 year lease depending on what they're taking about monthly. I still love my car so it won't be easy lol

 

Waiting for the new 2014 is also tempting...

 

naw wouldn't be worth doing...I'm not a fan of paying Rent on a car...keep your car and get the 2013 bumper, and headlights with the LED it will be the same thing...