Question for you lease experts, Lexus is offering $2k lease credit on ES300h, can’t I just lease it and then buy it out after a month, paying cash (which I have)? I’m in California. Am I missing anything with this plan?
- Acquisition fee
- Disposition/buyout fee
- Gap insurance
In CA you will owe tax on the payment(s) you make, and then tax on the buyout price - they will send you a released title in the mail, you have to take it to dmv and retitle the car and pay the tax then plus any fees.
On $7500 EV incentives it makes sense, I’d do all the math first to see if it’s worth $2k
1 Like
Thanks for your response. I understand the acquisition fee and disposition fee, but why would I need gap insurance? it’s not required in the lease and I plan to buy for cash within a month.
I haven’t seen the final document yet, I wonder what the typical Lexus Financial acquisition fee and buyout fee would be for this lease
I’m starting to think the hassle and savings may not be worth it for $2k? I see they have a $1250 customer cash offer for buying, maybe it would be easier to just choose that option?
Does Lexus have one? And GAP was (is?) included in all LFS leases. Otherwise, if you can get $1250 on a buy, forget about a lease unless the dealer is somehow willing to offer deeper discount on a lease.
Just do the $1250 purchase rebate, no need to lease
I have aggressive discounts on a purchase on these if I haven’t quoted you yet
5 Likes
I currently have an offer for $3,500 off MSRP on a '24 E300h Ultra Luxury, is that competitive?
1 Like
LFS leases don’t include it, and for the same reason anyone needs gap insurance. Plenty of anecdotes from people who wrecked with intention to buy out their lease - if you search. 
Im way under that, please dont sign that…
3 Likes
Just sent you a message Jeff…
1 Like
You don’t need GAP insurance.
But the lease cash net of acq fee doesn’t seem to save you much, if anything, over buying with the purchase rebate.
A post was merged into an existing topic: Spammers - [report them here]
This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.