I’m located in Philadelphia. I’ve had a 2021 Lexus IS 350 F-Sport and my 36-mo lease is coming to an end in April. Weighing buying it out vs getting a new lease on a 2024 of the same vehicle.
Buy out would be $3k down, 60 months, $667.32 monthly payment. ($43,039.20 over 5 years)
2024 model lease quote I received, including turning in my lease:
PRICE
Vehicle Base Model (MSRP *) $46,510.00
Factory Installed Packages & Accessories $6,740.00
Port Installed Packages & Accessories $1,150.00
Delivery Processing and Handling $780.00
Total Price $55,180.00
36 month lease
10,000 miles (previous lease was 7,500 miles)
$886 monthly with $1,000 down
or $820 monthly with $3,000 down
Residual $31,452.60
Money factor .00230
8% tax
Dealer doc fee of $464 and tags and registration
They will waive mileage overage and disposition fee on previous lease
Numbers include taking in current lease as a trade and also include $2,750 in discount + $1,000 in rebates.
Challenge for me is that I’ve been paying $679 monthly for the duration of my current lease, which was a good deal. The new one is so much higher. But I’d prefer to keep leasing rather than buy, if the numbers can work out.
Here’s my previous post from 3 years ago:
Any advice on finessing this? I’ve bounced around to 4 or 5 regional dealerships and this is the best lease offer so far. Thanks!