May be joining the ranks
09-06-20, 09:28 AM
#1
Driver
Thread Starter
May be joining the ranks
Hey is crew, I currently drive a rc in usb and have been wanting to get my wife an is. We are currently 6k negative equity but the dealer has offered a deal. Wanted to see what the group thought. Zero out of pocket 7500 miles a year. Taking my negative, making the payment 517 on a 48 month lease....
thoughts?
car would be a 2020 is non f sport
thoughts?
car would be a 2020 is non f sport
09-06-20, 11:39 AM
#2
Intermediate
Hey is crew, I currently drive a rc in usb and have been wanting to get my wife an is. We are currently 6k negative equity but the dealer has offered a deal. Wanted to see what the group thought. Zero out of pocket 7500 miles a year. Taking my negative, making the payment 517 on a 48 month lease....
thoughts?
car would be a 2020 is non f sport
thoughts?
car would be a 2020 is non f sport
09-06-20, 07:05 PM
#3
Lexus Test Driver
For reference sake, the local lease deal for SoCal right now is $4000 down, $299/mo, 10k miles/year, on a base IS300 with no options. All numbers are without tax.
09-07-20, 06:11 AM
#4
The payment is on the high end...But that is zero down and 6K negative equity on the trade accounted for. IMO since your already negative on the RC, I would look at a CPO IS instead of leasing a brand new one as PNGO already suggested. An 2018 IS is identical to a 2020.
09-07-20, 11:59 AM
#5
Seems really high to me. I leased a 2020 Fsport in January. 36 months with 15,000 mile a year allowance. Zero down and Zero drive-offs. Just the remaining 35 payments of $460/month.
Last edited by GaryJG; 09-07-20 at 12:00 PM. Reason: spelling
09-07-20, 12:28 PM
#6
Driver
Thread Starter
09-07-20, 01:41 PM
#7
Seems like a lot to pay over 4 years to only get a total of 30,000 miles. Even if you back out the negative equity you are still paying $19,000 on a car you can probably talk down to $32,000 and own. I remember my second lease was a 2017 base. 3 year/15,000 miles per year. My payments were $420 with zero down and zero drive offs. Cost me $14,700 (35×420) to drive 45,000 miles.
Last edited by GaryJG; 09-07-20 at 01:42 PM. Reason: Spelling
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09-08-20, 02:27 PM
#8
If you take that to LeaseHackr forums, they'll laugh you out. Just keep the RC.
09-08-20, 02:32 PM
#9
Also is that payment before or after tax? Seems the payment either way (negative equity aside) is actually $392 a month.
Payment should be closer to 340ish including tax, 36 months, 10k miles, 0 drive off to be considered in the good range. (without factoring in the negative equity spread out x # of months)
Payment should be closer to 340ish including tax, 36 months, 10k miles, 0 drive off to be considered in the good range. (without factoring in the negative equity spread out x # of months)
09-08-20, 02:37 PM
#10
Also is that payment before or after tax? Seems the payment either way (negative equity aside) is actually $392 a month.
Payment should be closer to 340ish including tax, 36 months, 10k miles, 0 drive off to be considered in the good range. (without factoring in the negative equity spread out x # of months)
Payment should be closer to 340ish including tax, 36 months, 10k miles, 0 drive off to be considered in the good range. (without factoring in the negative equity spread out x # of months)
Last edited by GaryJG; 09-08-20 at 02:58 PM. Reason: Pictures
09-08-20, 02:49 PM
#12
Driver
Thread Starter
09-09-20, 07:20 AM
#13
Buy CPO. You're taking a double loss on that deal. But considering some are paying high 400s, not horrible in that sense considering you have the $6k negative equity to make up. Thats $125 a month.
09-10-20, 04:16 AM
#14
Driver
Thread Starter
that’s what I was thinking as well. Her car isn’t in the best running shape and they gave me a decent appraisal on it. Might hold out till end of year and see what’s left on stock for a better deal
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