I had a used car lease recently.
2013 Lexus GS350 AWD ($60k MSRP New).
36/15k
$2k DAS
$300/mo.
Car had 20k mi on it when I got it plus it was CPO, 1 yr of new car warranty, rest CPO.
MF was .00001
Wasn’t too bad, didn’t have much negotiation room on the vehicle price. Residual was a mystery, couldn’t figure out the exact %, it kept changing with the negotiated price.
Ally ended their used lease program in October 2018. US Bank still offers them with a program that uses ALG used RV dollar values. They set a baseline value for each trim based on an assumed mileage and then adjust up/down depending on the actual inception miles and for specific content that is added or deducted from what is typically on each trim.
A lot of captives offer a similar used lease program that often is only offed on CPO units. Those CPO programs come with a warranty of varying length and coverage. Toyota and Lexus had the best CPO warranty when I did an analysis a couple years ago.
There will be a used lease option that will be launching in select markets in the coming months that will target specific models that will offer better deals than the new car lease program. So the vehicles that are rarely discussed on here will be the models that will be a better used lease. I’ll post more about that once it has launched.