Regarding the NX450H+ plug in hybrid, there is a $7500 lease rebate for leasing the vehicle. I’ve heard some people say that if you buy out the lease before 120 days you get charged back the rebate(meaning you have to pay it back). Does anyone know if this is true or not? Thanks
I have never seen a lease contract with that stipulation written into it.
I have seen lots of people make baseless claims.
The salesperson at a Lexus dealer told me that I’d get charged back. I wondering if he’s threatening it so that I don’t buy it early and he loses commission? Any concrete details would be much appreciated thanks
There are dealers that will get charge backs for early buyouts. Until he shows you where in the lease contract it specifies youd be charged back, I would go off him being full of crap.
I don’t see anything in the lease contract, but he told me that I did sign a paper to receive the $7500 rebate at the dealership, and on that paper, he claims that Lexus requires 120 days otherwise I will get charged for it. He won’t show me the paper because he said he “sent” the paper to Lexus. I do remember signing something that said $7500 rebate though. So kinda scared lol
He won’t show me the paper because he said he “sent” the paper to Lexus.
So you signed a document but was not given a copy? Pretty sure thats a no-no.
Call corp lexus and ask (demand) a copy.
I was not given a copy.
The name looked familiar. Didn’t you flip 2 NX450s already? Did you get charged from Lexus or the dealership either time?
I thought you bought and sold 8 of these, has Lexus given you trouble yet?
How incredibly convenient for him.
Call his bluff and go in and raise hell asking why they failed to give you copies of the full contract.
No I didn’t get charged yet. But salesperson called me to threaten me that I’m going to get a bill for it. So I’m kind of worried
He gave me the full contract and it says nothing about getting charged back. He said I signed a separate white piece of paper that contains the chargeback info. But I can’t seem to get him to give me a copy of this paper
maybe because it doesnt exist.
If there was more to the contract/a separate contract (the white paper), he better start explaining why he failed to give you a copy in your contract packet. Better still, his boss better start explaining why theyre refusing to give a copy.
I do remember signing a white paper that, that on the top, said $7500 rebate so it does exist. But it’s just so hard to get a copy of it
So go to the boss and ask them why they failed to give you a copy of the entire contract.
One of two things will happen… either the paperwork will magically appear or the salesman will be exposed for lying.
Monday morning ask the GM/FM to produce this agreement. If they cant or they wont, then move on with life.
The issue likely occurring is that the dealer got a chargeback for the credit, and the GM/SM is kicking the cost over to the salesperson (they could have lost a bonus check). But even then it doesn’t make sense to contact you because, how are you going to cover the cost (You are not going unwind the flip nor can he/she invoice the chargeback to you).
Doubt Lexus would enforce it if the agreement was actually from them. Possibly something from the dealer
Yeah just wondering if anybody else leased and remember signing and reading what the rebate letter said. 7500 for NX plug in and $10,000 for RZ
@Michael_Tran1 - If that is the case, why buy a 3rd NX? Are you just looking to flip, hence your original question?
Would love to hear what OP has to say.