Hi. I’m getting ready to sell my '09 IS250 AWD (LOVE IT!) and am debating between leasing to buy or buying used.
Does anyone know where I can find the Residual Values and MF on a lease for a 2017 Lexus IS300 AWD at 12,000 mi/yr? Options I added are premium package (backup camera and heated/ventilated seats) and blind spot monitor with rear cross traffic alert. It prices out at $42,475 on the Lexus site.What is a good discount off the MSRP? I’m in Ohio. Is there an option to put multiple monthly security deposits down? (this is a new concept to me). I hope I’m not jumping the gun by not yet providing any feedback from the dealer, but I want to know what I’m doing before I walk in the door and it’s been 8 years! Thanks in advance for any help offered.
Edmunds.com forums are a good starting point to find out MSRP discounts and Money Factor on the car you are looking for.
I believe there are also some rebates on the IS model currently that Lexus is offering. As a rule of thumb, negotiate the price of the car with the dealer first without any of the rebates. Also its best to email out your local dealers to a get a price on the specific car (color, options, etc). You can find the inventory on the Lexus website.
Try the Edmund’s forum. https://forums.edmunds.com/discussion/44342/lexus/is-300/2017-lexus-is-300-lease-questions#latest
Unless it’s very unreliable* or the new car as an artificially high RV, it’s always more economical to buy used. IMO.
*Even then you’ll have X years of warranty to “test” its reliability.