Cheapest lease for a lexus IS?
I have never done a lease before and with the way may current old car is doing, I think it is time. I definitely want to lease as I will buy a new car i'm about 3-4 years. The car I narrowed it down to is the lexus IS. 2016 or 2017. I'm willing to wait a few extra months if things are cheaper in the late summer or fall at around September or October. Can anyone tell me how low I can get monthly payments on a lease if I pay a down payment of $3000 for 12000 miles/year? I'm not a professional at haggling unfortunately. I'm curious to know your experiences with leading from lexus or honda.
Lease rates on new cars are pretty well fixed, no haggling.Used cars, maybe -- but likely not from the brand's dealer.
and ya, model year closeout will be a bit cheaper -- maybe Sept or Oct
The problem with a lease is if you do not turn the car in in almost perfect condition, they hit your for "damages" which can totally negate the savings of lease. My suggestion, find a good one coming off a three year lease and buy it, then drive it for ten years.
Try these websites: www.swapalease.com or www.leasetrader.com. There are many people trying to get out of leases. Maybe you can find the car you want and take over a lease. No down payment, and for a shorter period.
If you've never leased before, watch out. It's very easy to make a mistake that's hard to fix. This site might help:
http://www.leaseguide.com
If you don't understand how leasing works, then you shouldn't lease. A lease requires a higher credit score and longer credit history than a traditional auto loan. You should have a credit score in the upper 700s and higher, be at a job for at least 18 months, and earn at least $2000/monthly. While most least payments may be lower, leasing requires higher liability insurance limits than the full-coverage insurance with a loan. The leasing company wants "to keep their behind covered".
I still have NEVER figured out how a lease is a good option for anyone other than a business that can deduct the cost of the lease.
You are in way over your head.
Why are you trying to lease now while waiting to buy later?
Keep in mind that there really is no such thing as "down" on a lease. The technical term is "capital reduction fee". The more plain way of saying it is "3 grand you'll never see again, and have absolutely nothing to show for it at the end".
Cheap leases are also always plagued by low miles, unrealistic "wear and tear" expectations and any other number of gotchas.
Buy (not lease) the car you want (and can afford) now. Keep it until it's paid off, and then keep it for a few more years past that. You'll thank yourself later.
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