I am currently talking to a dealer for a 2025 Lexus NX 450h+ F Sport PHEV. The MSRP is $66,667 but they are offering a $6000 discount plus the $7500 lease rebate if I lease.
They also said that the buy out rate at three years would be $39,335 plus tax which in my area it’s 10.25%.
The monthly lease payments would be around $728/month if we put a $6000 down payment.
Wouldn’t the car be way more expensive in the long run if bought out at three years?
I’m so confused and I am new to this so I apologize in advance if this sounds stupid. What is the best way to approach this to not over pay in the long run?
Is it suppose to work better if I buyout after a month?
Sorry, another question… would it still be significantly better if we bought it out after a month with a loan or does it only benefit us if we pay it off in cash upfront?
I think what @max_g is saying that an immediate buy out makes more sense than leasing for this specific model, period.
If you leased 2 RXs over 4–6 yrs, you probably could simply purchased a single RX to use over that same period of time and still had some equity at the end. Leasing gives you nothing.
I think the issue is more, what is the MF on the proposed lease? If your interest rate for financing is lower than the interest rate equivalent of the MF, then either financing or paying cash upfront would be superior to leasing for the full term.
It doesn’t have to be all cash. Use what you’re comfortable using. Obviously interest expenses on a loan would be higher than any guaranteed post-tax income you could earn with that cash, so it doesn’t make sense to leave a lot of cash lying around while borrowing a loan.
The point about 4-6 years is to think beyond just the term of one lease. What are some likely scenarios for how a lease plays out? Replace a 24-36m lease with another lease. Buy the car at the end of the lease and own for another 3 years. Buy the car within 30 days and own for 4-6 years.
I’m sure you’ll find the last one costs you the least when looked at through this POV.
