Did you buy protection packages for your lease?
#1
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Did you buy protection packages for your lease?
Just picked up my 2015 IS350 last weekend. As all you lessees know. when you think the deal is settled, it's time to meet with the "finance manager" who tries to sell you (more like scare you into buying ...) additional protections for your PEACE of MIND. I don't remember the exact name of the package, but it covers body / wheel damages up $7,500 with each single damage less than $2,000. Here are my questions:
-- how many of you bought this package? Is Lexus really picky when you return a lease?
-- how many of you bought this package? Is Lexus really picky when you return a lease?
#2
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I bought this package and it only cost me about $575 which is well worth it in my opinion. First off, when you are super excited about buying a new car, the last thing you want to have to worry about is paying to repair damage of your outgoing car. Second, if you drive your car regularly it will pay for itself over the life of the lease, especially for me since I live in DC where we have crappy drivers who ding your doors and bodywork without leaving notes and terrible streets. When I sold my previous Subaru Legacy Spec.B I had only owned it for just over 4 years but all four wheels were badly dinged and each side of the car had some kind of damage. Just refinishing the wheels alone would allow you to break even but here are my anticipated damages/expenses for my 3 year lease:
- Repair and polish 4 wheels: $600 ($150 each)
- Repaint front and rear bumpers: $800 ($400 for each body panel and that is because I go to a friend who does it on the cheap)
- Mobile Dent Repair: $400 ($100 per dent)
- Fender repair: $400
- Total Expected Cost: $2,200
And keep in mind that I am extremely good to my car compared to most. Definitely go for this package unless you are really good with a paint gun and at touch ups.
- Repair and polish 4 wheels: $600 ($150 each)
- Repaint front and rear bumpers: $800 ($400 for each body panel and that is because I go to a friend who does it on the cheap)
- Mobile Dent Repair: $400 ($100 per dent)
- Fender repair: $400
- Total Expected Cost: $2,200
And keep in mind that I am extremely good to my car compared to most. Definitely go for this package unless you are really good with a paint gun and at touch ups.
#3
The pursuit of F
^^^ At $575 it's a good deal.
To the OP, however consider this. If you typically drive significantly less than the allotted lease mileage, return the vehicle as a "trade-in" near the end of the lease term. I've always done that with my Lexus leases and the evaluation has been in my favor. For my latest trade-in, I got over 2K over the buyout on my RX as equity towards my NX lease regardless of the minor hood chips, scratches on the bumpers, including on one wheel, AND a disclosed repaired rear-panel from an Armada reversing and hitting my parked RX.
To the OP, however consider this. If you typically drive significantly less than the allotted lease mileage, return the vehicle as a "trade-in" near the end of the lease term. I've always done that with my Lexus leases and the evaluation has been in my favor. For my latest trade-in, I got over 2K over the buyout on my RX as equity towards my NX lease regardless of the minor hood chips, scratches on the bumpers, including on one wheel, AND a disclosed repaired rear-panel from an Armada reversing and hitting my parked RX.
#4
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I bought this package and it only cost me about $575 which is well worth it in my opinion. First off, when you are super excited about buying a new car, the last thing you want to have to worry about is paying to repair damage of your outgoing car. Second, if you drive your car regularly it will pay for itself over the life of the lease, especially for me since I live in DC where we have crappy drivers who ding your doors and bodywork without leaving notes and terrible streets. When I sold my previous Subaru Legacy Spec.B I had only owned it for just over 4 years but all four wheels were badly dinged and each side of the car had some kind of damage. Just refinishing the wheels alone would allow you to break even but here are my anticipated damages/expenses for my 3 year lease:
- Repair and polish 4 wheels: $600 ($150 each)
- Repaint front and rear bumpers: $800 ($400 for each body panel and that is because I go to a friend who does it on the cheap)
- Mobile Dent Repair: $400 ($100 per dent)
- Fender repair: $400
- Total Expected Cost: $2,200
And keep in mind that I am extremely good to my car compared to most. Definitely go for this package unless you are really good with a paint gun and at touch ups.
- Repair and polish 4 wheels: $600 ($150 each)
- Repaint front and rear bumpers: $800 ($400 for each body panel and that is because I go to a friend who does it on the cheap)
- Mobile Dent Repair: $400 ($100 per dent)
- Fender repair: $400
- Total Expected Cost: $2,200
And keep in mind that I am extremely good to my car compared to most. Definitely go for this package unless you are really good with a paint gun and at touch ups.
^^^ At $575 it's a good deal.
To the OP, however consider this. If you typically drive significantly less than the allotted lease mileage, return the vehicle as a "trade-in" near the end of the lease term. I've always done that with my Lexus leases and the evaluation has been in my favor. For my latest trade-in, I got over 2K over the buyout on my RX as equity towards my NX lease regardless of the minor hood chips, scratches on the bumpers, including on one wheel, AND a disclosed repaired rear-panel from an Armada reversing and hitting my parked RX.
To the OP, however consider this. If you typically drive significantly less than the allotted lease mileage, return the vehicle as a "trade-in" near the end of the lease term. I've always done that with my Lexus leases and the evaluation has been in my favor. For my latest trade-in, I got over 2K over the buyout on my RX as equity towards my NX lease regardless of the minor hood chips, scratches on the bumpers, including on one wheel, AND a disclosed repaired rear-panel from an Armada reversing and hitting my parked RX.
#5
Lexus Champion
IMO,
I wouldn't consider any of these and I didn't purchase any last week when I picked up my 2015 IS250 F-Sport. I think it's a rip off and a waste of money. Also, keep in mind that you can trade in your leased vehicle near the lease end to avoid any penalties, excess & wear, etc. than if you were to turn in your leased vehicle at the end of the lease. In my case, I made it very simple for the business manager! I said to him "None of the above" He said (trying to make me feel guilty) "you must have a good lawyer"
I wouldn't consider any of these and I didn't purchase any last week when I picked up my 2015 IS250 F-Sport. I think it's a rip off and a waste of money. Also, keep in mind that you can trade in your leased vehicle near the lease end to avoid any penalties, excess & wear, etc. than if you were to turn in your leased vehicle at the end of the lease. In my case, I made it very simple for the business manager! I said to him "None of the above" He said (trying to make me feel guilty) "you must have a good lawyer"
#6
Only thing I purchased was the tire & wheel protection since it covers aftermarket wheels and tires so why not! Forgot the price I paid but it wasn't bad after replacing 3 tires in less than a year.
#7
IMO,
I wouldn't consider any of these and I didn't purchase any last week when I picked up my 2015 IS250 F-Sport. I think it's a rip off and a waste of money. Also, keep in mind that you can trade in your leased vehicle near the lease end to avoid any penalties, excess & wear, etc. than if you were to turn in your leased vehicle at the end of the lease. In my case, I made it very simple for the business manager! I said to him "None of the above" He said (trying to make me feel guilty) "you must have a good lawyer"
I wouldn't consider any of these and I didn't purchase any last week when I picked up my 2015 IS250 F-Sport. I think it's a rip off and a waste of money. Also, keep in mind that you can trade in your leased vehicle near the lease end to avoid any penalties, excess & wear, etc. than if you were to turn in your leased vehicle at the end of the lease. In my case, I made it very simple for the business manager! I said to him "None of the above" He said (trying to make me feel guilty) "you must have a good lawyer"
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#8
Lexus Test Driver
Just picked up my 2015 IS350 last weekend. As all you lessees know. when you think the deal is settled, it's time to meet with the "finance manager" who tries to sell you (more like scare you into buying ...) additional protections for your PEACE of MIND. I don't remember the exact name of the package, but it covers body / wheel damages up $7,500 with each single damage less than $2,000. Here are my questions:
-- how many of you bought this package? Is Lexus really picky when you return a lease?
-- how many of you bought this package? Is Lexus really picky when you return a lease?
#9
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Join Date: Aug 2014
Location: CA
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IMO,
I wouldn't consider any of these and I didn't purchase any last week when I picked up my 2015 IS250 F-Sport. I think it's a rip off and a waste of money. Also, keep in mind that you can trade in your leased vehicle near the lease end to avoid any penalties, excess & wear, etc. than if you were to turn in your leased vehicle at the end of the lease. In my case, I made it very simple for the business manager! I said to him "None of the above" He said (trying to make me feel guilty) "you must have a good lawyer"
I wouldn't consider any of these and I didn't purchase any last week when I picked up my 2015 IS250 F-Sport. I think it's a rip off and a waste of money. Also, keep in mind that you can trade in your leased vehicle near the lease end to avoid any penalties, excess & wear, etc. than if you were to turn in your leased vehicle at the end of the lease. In my case, I made it very simple for the business manager! I said to him "None of the above" He said (trying to make me feel guilty) "you must have a good lawyer"
#10
Lexus Champion
Thunderwuf, you're funny Never allowed them (salesman, finance manager, etc.) to intimidate you or push you into buying extra stuff. I learned it the hard way. We always have our 1st time, but then we learn so that there's no 2nd time
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