2017 Lexus is200t f sport lease - Good deal??
05-25-17 | 01:00 PM
#31
Intermediate
Joined: Sep 2016
Posts: 363
Likes: 104
From: WA
Sorry to hear that. You know, a used 2014 IS lease return might be an option to purchase rather than lease if the credit thing is getting in the way. With $5K down banks may give you a better time of it. Not 100% sure but might be worth looking into.....
05-25-17 | 02:27 PM
#32
http://www.lexusofbellevue.com/Vehic...-WA/2971101793
The second link has the white on red which is what I wanted. Going to visit my local credit union and see what works. Which do you think is better go with? My credit score also updated 110 points two days ago. Hope that helps as well.
Last edited by jameshan; 05-25-17 at 02:33 PM. Reason: credit score update
05-25-17 | 09:01 PM
#34
Intermediate
Joined: Sep 2016
Posts: 363
Likes: 104
From: WA
Yeah I'm looking at some used ones...
The second link has the white on red which is what I wanted. Going to visit my local credit union and see what works. Which do you think is better go with? My credit score also updated 110 points two days ago. Hope that helps as well.
The second link has the white on red which is what I wanted. Going to visit my local credit union and see what works. Which do you think is better go with? My credit score also updated 110 points two days ago. Hope that helps as well.
If your credit is shaky, you are much better off with the car with the price as close to market as you can and use your down payment so the loan < car value. Banks don't like it when the loan amount is close to or greater than the value of the car. If the bank thinks its a $28.5K car, they won't want to give a loan over that. I think the silver one is your better bet.
Checkout cars.com. I did a quick query and there are like 22 2015 IS's in the area. Several good choices under $30K.
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1Louder (05-26-17)
05-28-17 | 05:19 PM
#36
KBB has a 2015 IS 250 AWD with ~28K miles at about 28,500 "fair price". The Silver one is much closer to a reasonable price - has a clean Carfax and it looks like the owner tinted the windows. I do personally like the red interior of the white one, but they want $34K and you know at Bellevue Lexus they aren't going to negotiate much off that. $6K over book is insulting IMO. Probably because they added a bunch of junk you don't want but will make you pay for. Or, you know, because Bellevue.
If your credit is shaky, you are much better off with the car with the price as close to market as you can and use your down payment so the loan < car value. Banks don't like it when the loan amount is close to or greater than the value of the car. If the bank thinks its a $28.5K car, they won't want to give a loan over that. I think the silver one is your better bet.
Checkout cars.com. I did a quick query and there are like 22 2015 IS's in the area. Several good choices under $30K.
If your credit is shaky, you are much better off with the car with the price as close to market as you can and use your down payment so the loan < car value. Banks don't like it when the loan amount is close to or greater than the value of the car. If the bank thinks its a $28.5K car, they won't want to give a loan over that. I think the silver one is your better bet.
Checkout cars.com. I did a quick query and there are like 22 2015 IS's in the area. Several good choices under $30K.
05-29-17 | 07:01 PM
#37
Intermediate
Joined: Sep 2016
Posts: 363
Likes: 104
From: WA
I think this is how I think the math would go:
$32,995 price
$2,970 (sales tax at 9% - which isn't exact but probably close in King Country)
----------
$35,965
-$5,000 down
$30,965
+$550 (license and assume $150 doc fee - $400 is high for licensing but if you are in the new tax zone for the new light rail, it could be that much)
----------
$31,515 loan amount.
Don't forget all that other annoying stuff when you do your "what if". You are probably in for ~$3,500 in tax, license and fees, so unfortunately most of your down just offsets that. Also keep that in mind when you are dealing with the bank. In that scenario, you are borrowing something pretty close (if not more) than what the bank may think the value of the car is.
And I apologize if you know this, but if you borrow an amount that's close to the value of the car, I'd plan on owning it at least 2 years. Initially the car will depreciate faster than you can pay it off, but you'll catch up in 12-18 months if it's a 4 year loan, but if you go 5 years or more that could be more like 24-30 months. Just make a decision you can drive for a while, because getting out of it will cost you money until what you owe catches up with what it's worth.
$32,995 price
$2,970 (sales tax at 9% - which isn't exact but probably close in King Country)
----------
$35,965
-$5,000 down
$30,965
+$550 (license and assume $150 doc fee - $400 is high for licensing but if you are in the new tax zone for the new light rail, it could be that much)
----------
$31,515 loan amount.
Don't forget all that other annoying stuff when you do your "what if". You are probably in for ~$3,500 in tax, license and fees, so unfortunately most of your down just offsets that. Also keep that in mind when you are dealing with the bank. In that scenario, you are borrowing something pretty close (if not more) than what the bank may think the value of the car is.
And I apologize if you know this, but if you borrow an amount that's close to the value of the car, I'd plan on owning it at least 2 years. Initially the car will depreciate faster than you can pay it off, but you'll catch up in 12-18 months if it's a 4 year loan, but if you go 5 years or more that could be more like 24-30 months. Just make a decision you can drive for a while, because getting out of it will cost you money until what you owe catches up with what it's worth.
Last edited by 1Louder; 05-29-17 at 07:07 PM.
05-30-17 | 02:12 PM
#38
I think this is how I think the math would go:
$32,995 price
$2,970 (sales tax at 9% - which isn't exact but probably close in King Country)
----------
$35,965
-$5,000 down
$30,965
+$550 (license and assume $150 doc fee - $400 is high for licensing but if you are in the new tax zone for the new light rail, it could be that much)
----------
$31,515 loan amount.
Don't forget all that other annoying stuff when you do your "what if". You are probably in for ~$3,500 in tax, license and fees, so unfortunately most of your down just offsets that. Also keep that in mind when you are dealing with the bank. In that scenario, you are borrowing something pretty close (if not more) than what the bank may think the value of the car is.
And I apologize if you know this, but if you borrow an amount that's close to the value of the car, I'd plan on owning it at least 2 years. Initially the car will depreciate faster than you can pay it off, but you'll catch up in 12-18 months if it's a 4 year loan, but if you go 5 years or more that could be more like 24-30 months. Just make a decision you can drive for a while, because getting out of it will cost you money until what you owe catches up with what it's worth.
$32,995 price
$2,970 (sales tax at 9% - which isn't exact but probably close in King Country)
----------
$35,965
-$5,000 down
$30,965
+$550 (license and assume $150 doc fee - $400 is high for licensing but if you are in the new tax zone for the new light rail, it could be that much)
----------
$31,515 loan amount.
Don't forget all that other annoying stuff when you do your "what if". You are probably in for ~$3,500 in tax, license and fees, so unfortunately most of your down just offsets that. Also keep that in mind when you are dealing with the bank. In that scenario, you are borrowing something pretty close (if not more) than what the bank may think the value of the car is.
And I apologize if you know this, but if you borrow an amount that's close to the value of the car, I'd plan on owning it at least 2 years. Initially the car will depreciate faster than you can pay it off, but you'll catch up in 12-18 months if it's a 4 year loan, but if you go 5 years or more that could be more like 24-30 months. Just make a decision you can drive for a while, because getting out of it will cost you money until what you owe catches up with what it's worth.
06-01-17 | 11:53 PM
#41
06-02-17 | 07:42 AM
#44
Intermediate
Joined: Sep 2016
Posts: 363
Likes: 104
From: WA
06-02-17 | 07:44 AM
#45
Intermediate
Joined: Sep 2016
Posts: 363
Likes: 104
From: WA