i agree... picked up my F in mid-july and have 6500 miles on mine. (1000 the first week lol)

 

+1

My other ride if my lease mileage gets out of control:

 

Agree!

 

Thanks for that info!

 

How does trading in a lease vehicle work? I didn't know that was possible. Do you pay the rest of the lease if you trade it in? What happens with the lease? What would Lexus say about the lease vehicle? Wouldn't they need it back after the lease is over? But then you traded it in...

 

There aren't any special tricks, you're just offering your car for trade. If the car is worth more than the residual value, you should get a little extra cash for the next car. If it's worth less than the residual, you might have to make up the difference.

I always use an auto broker and I just want my trade to match my payoff. Then it's just like turning in the car at the end of the lease, and I can walk away. So far, that's how it's worked every time. Maybe I've been leaving money on the table, but I'm getting what I want from the deal.

Lexus either wants the car back or they want the value of the car (e.g. residual value). If you trade it in or sell it privately, just make sure you get at least the residual value in return. The dealer or you pay off the car, and it's free and clear.

Depending on where you live, there might be sales tax benefits to trading in also, as opposed to selling it privately.

 

Mine is daily driven. It's not the same driving something else, unless you have the luxury of driving another car that will turn heads.

I want to enjoy the car as much as I can before it's gone.

 

Exactly -- I bought the first gen IS300 in 2001 and put 220K before I sold it to my mechanic and bought my 2014 IS250 ...

 

I think society at large has deluded us into thinking that we should be driving only 1000 miles per month

 

same here...i drove it to work and daily driving...just enjoy it, why would i buy a car and let it stay in the garage
yea i think japanese car is best for getting high miles remember u pay for what u get..just enjoy it and feel the car before new thing come out

 

Yeah, definitely enjoy the car as much as possible. Since I bought the car two months ago, i have enjoyed every moment of it, and am not worried about the mileage. I love carving the canyon roads on Sundays at dawn with my IS 350.

 

It's different for everyone. Some people get enjoyment out of preservation. Others get enjoyment out of driving. There's no right or wrong or written rule on how a car should be used.

And then for some, it's about finances. For every mile driven, it costs money. The less one drives, the less money he/she dishes out.

Personally for me, I like to strike some middle ground. Drive enough to enjoy the car, but keep the miles down to enhance resale value and pick up some extra coin later on.

 

Some people are in and out of cars seemingly every other year. And not all of those people are leasing. It is obvious that a low wear and tear vehicle, with low miles, commands more dollars when it is time to sell. That could be another reason so many buy these cars, or any car and drive them so little.