# Exiting Lexus RX350L for minivan. Help me evaluate my situation please! **URL:** \ **Category:** Ask the Hackrs\ **Tags:** suv, lexus, ca-norcal\ **Created:** [January 20, 2021, 10:37pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901 "2021-01-20T22:37:31Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![maverick009](https://leasehackr.b-cdn.net/letter_avatar/maverick009/32/5_5575768a8748004e209b776fc1b2916d.png) [@maverick009](https://forum.leasehackr.com/u/maverick009)\ **Post date:** [January 20, 2021, 10:37pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/1 "2021-01-20T22:37:32Z")
Beginner here so please bear my ignorance! Had a baby and wanted a bigger car so leased a 2020 Lexus RX350L in 12/2019 for a monthly payment of $800 with $3000 down, 36 months with 10k per year - haven’t done any research at all and didn’t know about Leasehackr. Monthly payments are definitely on the higher side so want to get out of the lease asap. Payoff to buy the vehicle as of today is $46,608.68, stands good until 02/19/2021. The only competitive offer I received is from Carvana for $44,682, good until 01/27/2021. What would you guys advice? Thanks!! EDIT: Planning to get (lease / buy) a mini-van if I manage to get out of this lease. ---
**Author:** ![Jon](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jon/32/70934_2.png) [@Jon](https://forum.leasehackr.com/u/Jon)\ **Post date:** [January 20, 2021, 10:40pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/2 "2021-01-20T22:40:29Z")
> [@maverick009](#): > > 2020 Lexus RC350L Pretty sure you mean RX, not RC. Are you willing to pay an additional $2k, on top of the $3k you already paid, to get out early? ---
**Author:** ![maverick009](https://leasehackr.b-cdn.net/letter_avatar/maverick009/32/5_5575768a8748004e209b776fc1b2916d.png) [@maverick009](https://forum.leasehackr.com/u/maverick009)\ **Post date:** [January 20, 2021, 10:41pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/3 "2021-01-20T22:41:20Z")
2020 RX350L…sorry about the typo! ---
**Author:** ![volvo1](https://leasehackr.b-cdn.net/letter_avatar/volvo1/32/5_5575768a8748004e209b776fc1b2916d.png) [@volvo1](https://forum.leasehackr.com/u/volvo1)\ **Post date:** [January 20, 2021, 10:42pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/4 "2021-01-20T22:42:56Z")
> [@maverick009](#): > > Carvana for $44,682, good until 01/27/2021. VROOM was less than Carvana? Usually the opposite. Regardless, what is your plan after you pay the remainder of the balance? ---
**Author:** ![Ursus](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/ursus/32/4944_2.png) [@Ursus](https://forum.leasehackr.com/u/Ursus)\ **Post date:** [January 20, 2021, 10:43pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/5 "2021-01-20T22:43:11Z")
If he replaces it with something at $500/mo, then it makes sense. $300x24 months = $7,200 ---
**Author:** ![jeisensc](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jeisensc/32/224821_2.png) [@jeisensc](https://forum.leasehackr.com/u/jeisensc)\ **Post date:** [January 20, 2021, 10:43pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/6 "2021-01-20T22:43:44Z")
> [@maverick009](#): > > Monthly payments are definitely on the higher side so want to get out of the lease asap. It would help to know if you don’t need this car anymore, or you are planning to replace it with something with a lower payment. In order to end your lease early, you would either a) have someone else assume your lease or b) have someone buyout the lease. **Lease Assumption:** Many brands will allow you to transfer out of your lease and assign it to someone else after paying a lease transfer fee and submitting required documentation. Those brands include BMW, Lexus etc. Some brands will not allow lease transfers at all such as Honda, Mazda, Volvo, Jaguar, Hyundai etc. A select few brands, such as Audi or Infiniti, allow lease transfers, but keep the original leasee liable. It is generally not recommended to do a transfer as you would remain liable for the car after transfer. There are some other restrictions that can affect your ability to do a transfer such as remaining months on the lease and regional restrictions. It is best to check with your leasing company by calling them directly. Once you decide you want to transfer out of your lease, you can post your car for free under LH’s private transfer section: > **[Private Transfers](https://forum.leasehackr.com/c/private-transfers/12)** > > Reserved for private deals. No commercial posting please. Alternatively, you can list your car for a fee with [www.swapalease.com](http://www.swapalease.com) or [www.leasetrader.com](http://www.leasetrader.com) which are two large lease transfer marketplaces that have a large user base of people actively looking to assume leases. **Lease Buyout:** You can have a third party buyout the car. In order to do that, you would call your leasing company and get the current “dealer payoff quote” which is the amount of money needed right now to payoff your car which will satisfy your lease agreement. Once you have that number you can take your car to your local Carmax and see what they would offer to buy your car. If the amount is near or above your dealer payoff quote, then you can sell it to them and you would be out of the lease. Alternatively, you can get an online quote from [vroom.com](http://vroom.com) or [carvana.com](http://carvana.com) who will give you an instant online offer. If you accept the offer, they would come and pick up the car from you and pay you on the spot. Ideally you would get a quote from all sources as they may vary significantly. For more information, please see forum discussions: > [@Sold one to CARVANA!](https://forum.leasehackr.com/t/sold-one-to-carvana/68624): > > We got the VROOM topic going ([Sold one to VROOM! - #254 by SunshineOC](https://forum.leasehackr.com/t/sold-one-to-vroom/56848/254)) but thought I’d throw in how easy it was with Carvana too, and why it’s important to check both. Put the wife’s Lexus data through both Vroom and Carvana, vroom was $2k under the payoff, Carvana was $45 over it. Submitted the paperwork for Carvana, got on the phone with them to discuss lease transfer stuff with Lexus in the state of MO (easy peasy). Setup a time for pickup to be 10am on a saturday. 10:02 am knock on the doo… > [@Sold one to VROOM!](https://forum.leasehackr.com/t/sold-one-to-vroom/56848): > > Not a lease deal, but I sold my prior lease to [Vroom.com](http://Vroom.com) today. I rarely plug companies, but holy cow it was easy! I also got a quote from Carvana, which was more than $2K below my payoff – Vroom was $1,600 over my payoff. Huge swing in my favor. For reference, the car was a 2016 Acura MDX with the tech package, black/black with just under 20K miles. My sense is that pricing is heavily driven by direct demand for inventory for the company, so pricing will be relative to demand for the color, o… For additional information, make sure to check out Leasehacking 101: How to End Your Lease Early > **[Leasehacking 101: How to End Your Lease Early — Leasehackr](https://leasehackr.com/blog/2019/6/9/leasehacking-101-how-to-end-a-lease-early)** > > Welcome to Contributors’ Column , where we feature content authored by Leasehackr members. Today’s article was originally posted by Trusted Hackr BoardWalkNJ . Last edited by the Leasehackr editorial team January 8, 2024 to reflect current... ---
**Author:** ![Ismelllikepoop](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/ismelllikepoop/32/26350_2.png) [@Ismelllikepoop](https://forum.leasehackr.com/u/Ismelllikepoop)\ **Post date:** [January 21, 2021, 4:34am UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/7 "2021-01-21T04:34:41Z")
one thing you can do is kelly blue book instant cash offer. their offer is usually on the low end but there are multiple buying dealers and i had one beat a vroom offer by $600. other thing is i’d calculate how much a new lease is going to cost. between a couple grand in negative equity plus you just paid for registration, adding new drive offs on a new lease that’s a big chunk of change. you would have to get a significantly cheaper car to make it worthwhile to switch out. i personally would just buy a used toyota siena that you don’t care about the kids pooping all over it. rotten spilled milk that you can’t track down in a nice car would bug me. in our honda odyssey whatever. ---
**Author:** ![mllcb42](https://leasehackr.b-cdn.net/letter_avatar/mllcb42/32/5_5575768a8748004e209b776fc1b2916d.png) [@mllcb42](https://forum.leasehackr.com/u/mllcb42)\ **Post date:** [January 21, 2021, 4:36am UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/8 "2021-01-21T04:36:06Z")
> [@Ismelllikepoop](#): > > one thing you can do is kelly blue book instant cash offer I’ve tried that multiple times and never had any of the dealers actually honor the kbb instant offer price. They always call you in and then come back at a way lower price. ---
**Author:** ![Ismelllikepoop](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/ismelllikepoop/32/26350_2.png) [@Ismelllikepoop](https://forum.leasehackr.com/u/Ismelllikepoop)\ **Post date:** [January 21, 2021, 4:40am UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/9 "2021-01-21T04:40:58Z")
that’s what shocked me. i figured it would be a waste of time but the dealer was right next to where i was running errands so i figured i’d stop by. i showed them the offer from vroom which was 3k higher than the KBB offer, they asked me if we round it up would you accept, which was $600 more. i’m sure they made calls and had a buyer lined up but it was by far the best offer i received. YMMV clearly ---
**Author:** ![mllcb42](https://leasehackr.b-cdn.net/letter_avatar/mllcb42/32/5_5575768a8748004e209b776fc1b2916d.png) [@mllcb42](https://forum.leasehackr.com/u/mllcb42)\ **Post date:** [January 21, 2021, 4:48am UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/10 "2021-01-21T04:48:11Z")
Sounds like the kbb offer didn’t do you any good and the vroom offer was what made the difference. ---
**Author:** ![Ismelllikepoop](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/ismelllikepoop/32/26350_2.png) [@Ismelllikepoop](https://forum.leasehackr.com/u/Ismelllikepoop)\ **Post date:** [January 21, 2021, 5:13am UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/11 "2021-01-21T05:13:42Z")
hah yes thats true. i suppose it was more the fact that that kbb gave me several local car buying services that i didn’t know about, which let me shop the written vroom offer. honestly that $44.6 offer sounds pretty strong already, not sure if you’re gonna top that. ---
**Author:** ![maverick009](https://leasehackr.b-cdn.net/letter_avatar/maverick009/32/5_5575768a8748004e209b776fc1b2916d.png) [@maverick009](https://forum.leasehackr.com/u/maverick009)\ **Post date:** [January 22, 2021, 3:44pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/12 "2021-01-22T15:44:54Z")
VROOM offered about 2.5k less than Carvana. I’m also considering leasing a Tahoe / Yukon if I can get it in the same price range / close to as a mini-van, so really appreciate if you could opine. ---
**Author:** ![mllcb42](https://leasehackr.b-cdn.net/letter_avatar/mllcb42/32/5_5575768a8748004e209b776fc1b2916d.png) [@mllcb42](https://forum.leasehackr.com/u/mllcb42)\ **Post date:** [January 22, 2021, 3:48pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/13 "2021-01-22T15:48:26Z")
Tahoes and yukons have been leasing for a lot of money ---
**Author:** ![Anhelenuk1](https://leasehackr.b-cdn.net/letter_avatar/anhelenuk1/32/5_5575768a8748004e209b776fc1b2916d.png) [@Anhelenuk1](https://forum.leasehackr.com/u/Anhelenuk1)\ **Post date:** [January 22, 2021, 4:02pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/14 "2021-01-22T16:02:09Z")
You never learn do you ---
**Author:** ![mllcb42](https://leasehackr.b-cdn.net/letter_avatar/mllcb42/32/5_5575768a8748004e209b776fc1b2916d.png) [@mllcb42](https://forum.leasehackr.com/u/mllcb42)\ **Post date:** [January 22, 2021, 4:10pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/16 "2021-01-22T16:10:25Z")
If I was in California and looking for a mini-van, I would run, not walk, to the thread about the pacifica hybrid that was posted here. ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [January 22, 2021, 4:15pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/17 "2021-01-22T16:15:53Z")
> [@maverick009](#): > > I’m also considering leasing a Tahoe / Yukon if I can get it in the same price range / close to as a mini-van, so really appreciate if you could opine. That is never going to happen. Search the forum for Pacifica and Odyssey. ---
**Author:** ![LeaserOC](https://leasehackr.b-cdn.net/letter_avatar/leaseroc/32/5_5575768a8748004e209b776fc1b2916d.png) [@LeaserOC](https://forum.leasehackr.com/u/LeaserOC)\ **Post date:** [January 22, 2021, 4:18pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/18 "2021-01-22T16:18:36Z")
Is anyone else curious on how the math works to get to an effective payment of almost 900/month on an rx350? Anyways OP you need to do a lot of research before you sign another lease. Also try taking your car to a Lexus dealership and seeing what they offer you. ---
**Author:** ![TypeSH](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/typesh/32/58696_2.png) [@TypeSH](https://forum.leasehackr.com/u/TypeSH)\ **Post date:** [January 22, 2021, 4:19pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/19 "2021-01-22T16:19:37Z")
> [@mllcb42](#): > > ot walk, to the thread about the pacifica hybrid that was posted here And run fast, it was on the 2020s, and with the 2021 out now, supply of deeply discounted 2020s are dwindling quickly. ---
**Author:** ![chrishs2000](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/chrishs2000/32/22367_2.png) [@chrishs2000](https://forum.leasehackr.com/u/chrishs2000)\ **Post date:** [January 22, 2021, 5:24pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/20 "2021-01-22T17:24:52Z")
> [@LeaserOC](#): > > Is anyone else curious on how the math works to get to an effective payment of almost 900/month on an rx350? Anyways OP you need to do a lot of research before you sign another lease. I don’t even understand how the mental math would work for one to sign a lease at $800/mo $2k down on a ~$50k RX350L. I think OP would be doing himself a huge service by either analyzing what he signed to begin with or asking us to do it. Here’s a thread from the same time period: > [@2020 RX350L - How can we do better?](https://forum.leasehackr.com/t/2020-rx350l-how-can-we-do-better/207825): > > 2020 RX 350 L MSRP 57,895 DISC 6,874 (11.9% discount) PRICE 51,021 REBATE 1,500 FINAL PRICE 49,521 DEALER FEE 85 TAX 116.25 NONTAX FEES 610.75 NET PRICE 51,128.00 27 mo / 10k $494/month + tax. $2,000 due at signing How can I do better? ---
**Author:** ![volvo1](https://leasehackr.b-cdn.net/letter_avatar/volvo1/32/5_5575768a8748004e209b776fc1b2916d.png) [@volvo1](https://forum.leasehackr.com/u/volvo1)\ **Post date:** [January 22, 2021, 5:35pm UTC](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901/21 "2021-01-22T17:35:44Z")
> [@LeaserOC](#): > > Also try taking your car to a Lexus dealership and seeing what they offer you. Why would a dealer want to offer you more than what everybody else is offering? You can try, but usually it takes a lot of excuses on the dealer’s end to match or even get close VROOM or Carvana’s offer. You could ask CDJR dealer while working out the new deal. [Next page](https://forum.leasehackr.com/t/exiting-lexus-rx350l-for-minivan-help-me-evaluate-my-situation-please/328901.md?page=2)