2020 Lexus RX450h lease end question

In Nj
Lease is up in March
Buyout is $33k
We also had $5k in MSD
So $28k + NJ tax to buy out
Car has 25k miles, perfect
Given crazy new car prices, we’d like to either extend lease or buy it.
Any disadvantages to extending?
If purchasing, prefer to finance for 36 mo. rather than deplete cash reserves.
What is to be expected for best finance rates for the transaction?
Any alternated advice?

Any used Lexus SUV with an H on the nameplate is retailing for a premium. You should have pretty good equity; quick cursory is showing MY20 RX450h retailing for at least $45k in the tristate. Personally, I’d take the equity and look for something else.

Lexus’s fiscal year ends in March; hold onto it until then. Hopefully there are some incentives at that time if you’re still wanting to go with another Lexus. Hopefully…


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