Opinions on trading in a lease for a new one
#1
Opinions on trading in a lease for a new one
So about 6 months ago i leased an IS250 Crafted line... recently realized i want an IS350.
what do you think my chances are of trading in my lease for a new one without losing a ton of money? it is possible? or will i lose lol
if anyone has any experience with this that would be awesome.
what do you think my chances are of trading in my lease for a new one without losing a ton of money? it is possible? or will i lose lol
if anyone has any experience with this that would be awesome.
#2
You can try selling the car, and hopefully it is close to your remaining payments and residual amounts combined. Places like CarMax can appraise your car (for free) and cut you a check. I'm kinda doubtful that you'd get a good number for your IS250 though...especially since the IS200t has already hit the lots. Some dealers might work with you since you're getting another Lexus, but they might also not want the IS250 either so they might lowball you. My advice is keep it until close to the end of your lease. Who knows, by the time your lease is over, Lexus might update the 350 engine to be even more powerful. Not to mention, it looks like you put some work into individualizing/customizing your car...do you really want to pay to have them removed and reinstalled on the new car already?
#3
The IS250 is actually quite popular and might hold their value. I have found that for those of us with 2014's we are going to end up losing a lot of value on our vehicles. When you compare a 2014 and 2015 with 20,000 miles, one is worth $33K and the other 38K. Thats a $5K difference.
Anyway, you might be able to trade it in for an IS350 as long as there are big incentives on the 350. The bad part if you'll end up paying MSRP on that lease. For example, the current GS350 F Sport have $6-7K off right now, that would cover your negative equity.
Anyway, you might be able to trade it in for an IS350 as long as there are big incentives on the 350. The bad part if you'll end up paying MSRP on that lease. For example, the current GS350 F Sport have $6-7K off right now, that would cover your negative equity.
#4
The IS250 is actually quite popular and might hold their value. I have found that for those of us with 2014's we are going to end up losing a lot of value on our vehicles. When you compare a 2014 and 2015 with 20,000 miles, one is worth $33K and the other 38K. Thats a $5K difference.
Anyway, you might be able to trade it in for an IS350 as long as there are big incentives on the 350. The bad part if you'll end up paying MSRP on that lease. For example, the current GS350 F Sport have $6-7K off right now, that would cover your negative equity.
Anyway, you might be able to trade it in for an IS350 as long as there are big incentives on the 350. The bad part if you'll end up paying MSRP on that lease. For example, the current GS350 F Sport have $6-7K off right now, that would cover your negative equity.
#5
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ae4life10
IS - 2nd Gen (2006-2013)
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08-28-08 12:17 PM