ISFLexy

So i'm currently leasing mine still, my term is up December of this year, 2016. I currently pay $700 a month (CDN $), and my buy out option is just over $13,000.

I love the car, its been pampered since new, never seen snow, and it has 80,000kms (50k miles).
Its a 2010, white/black leather, all options, 2011 led headlights, intake/exhaust.

Do you guys think its a fair buy out option? Can that price be negotiated at the dealer where its leased from?

mikersoft

iTrader: (1)

Without knowing any of your lease details, my gut feeling is that $13,000 sounds like a great price to make the car yours permanently.

-Mike

ISFLexy

yea i think it sounds pretty good too, but the other option i was debating was giving it up and picking up the GSF...but i guess i cant make up my mind until i drive the GSF first...

surga7

That's a good deal. I finance it for $693/month.

RSXiMUS

iTrader: (7)

I've never leased a car before but am I reading correctly that you're "thinking" about passing on buying the car outright for $13,000?

If that's the case, it would be insane. Couldn't you just buy it outright and flip it for like minimum $30K and pocket almost 20 grand?

k20trick

iTrader: (3)

If you trade it in there will be one lucky buyer sniping your car... should be bunch of lease returns around 3+ year mark due to people leasing and up-trading it in for rcf or gsf etc..

ISFLexy

Yep that's correct you read right, once the lease is up, i can take a personal loan (lower interest rate), then sell the car for at least 35k as that's what they go for up here and have over 20k in my pocket, but with no F and needing to buy a replacement car.

Keep in mind that i am paying 700/month and have been for a while now so that alone is like paying off the car as a loan.

Bigjon3475

iTrader: (2)

That's a heck of a deal. If you paid $700 CDN ($483.22 USD) a month for 60 months and only have to pay $13,000 CDN ($8974.09 USD) to buy out the lease that means you can get the car for $38,000 USD or $55,000 CDN. Of course this doesn't take into account any other factors like inflation.

3nergiz3d

I'm up from Canada too(Alberta). I think all "F" cars in general in Canada anyway should be leased due to the residual value afterwards.

STLblueF

iTrader: (3)

I'm assuming this is an open-end lease where you are responsible for the residual value. In that case, if you can afford the payments already, you might want to roll the gain on the sale into something nicer like an RC-F or GS-F. It's up to you really.

If this is not an open-end lease and you have a purchase option at $13,000 then it is a no-brainer that you should buy it.

BluStreak1

iTrader: (4)

Somehow the numbers don't add up....I'm assuming you put a substantial amount down in cash or on a trade to get those figures...either way, if you're used to paying the monthly payments, I'd say stick with it and in about 18 months you'll own an F free and clear!

ISFLexy

Well i just got thise quote from the local lexus dealer for a 2016 GSF:

payment: $1673/month
down payment: $2500
interest rate: 5.4%
residual value end of lease term: $38,000 plus taxes of 13% here.

What do you guys think?

BluStreak1

iTrader: (4)

What are you going to do with your current ISF? Are those numbers reflecting you turning your car in to them? If so, it seems too high....what's the term?

Jaysmith2k

Definitely buyout at the end and just keep it.

ISFCOBRA

keep the ISF...