Hello,
I recently turned 21 and have a decent job and I want the IS300 bad like you
wouldn’t believe. I’ve got more than enough for down payment and all that. Am
I going to have a tough time trying to lease one? Should I just have on eof my
parents or relatives lease it and I pay them?
Any comments would be appreciated.
Fellow ES300 driver,
Bill
Someone famous whose name I don’t recall wrote:
>I recently turned 21 and have a decent job and I want the IS300 bad like you
>wouldn’t believe. I’ve got more than enough for down payment and all that. Am
>I going to have a tough time trying to lease one? Should I just have on eof my
>parents or relatives lease it and I pay them?
Actually, leasing is usually easier than buying. The reason is, you never get to own the car, and
the dealer makes more money on it.
Leasing is more expensive than buying. Do what you can to compare ALL the costs, and then look at
what happens at the end of the lease. When you buy, your payments are higher, but the car is yours.
When you lease, you give the car back. BUT, before you do, an inspector looks at the car and tells
you how much more you have to pay if there are any problems. You may have to pay extra if there are
any dents, stains on the interior, leather damage, paint scratches, etc. Some people have gotten
screwed from leasing.
Still, if your goal is to get a brand new car every few years, leasing could be better. You are
only paying for the period of time you use the car.
I leased my car, then, because it was still so nice, I bought it at the end of the 48 month lease.
It cost me more than if I had bought the car outright from the start.
Dave
One important thing to remember is mileage. Leases usually cap mileage at
12,000/year, or 15,000/year. Anything above the aggregate (36,000 over
three years, or 45,000 over three years) will have a per-mile charge if the
car is "turned in" at the end of the lease. There may be higher mileage
leases, but they’ll cost more (just as a 15,000/year lease generally costs
more than a 12,000/year lease).
If one changes cars often (every three years), leasing is the most
attractive method, as depreciation is what is paid for by both anyway. The
real equity in a good vehicle doesn’t really start until months 28-30.
(Given a "minimum" down payment.) In any event, there are some good web
sites (I don’t know them off hand now, but looked at them in the past.) on
leasing vs buying.
Joel
"Husband and Wife" <husbandandwife2…@home.takethespamout.com> wrote in
message news:hp4tft8ga7bq49qub58a4oe1bj8r290prs@4ax.com…
> Someone famous whose name I don’t recall wrote:
> >I recently turned 21 and have a decent job and I want the IS300 bad like
you
> >wouldn’t believe. I’ve got more than enough for down payment and all
that. Am
> >I going to have a tough time trying to lease one? Should I just have on
eof my
> >parents or relatives lease it and I pay them?
> Actually, leasing is usually easier than buying. The reason is, you never
get to own the car, and
> the dealer makes more money on it.
> Leasing is more expensive than buying. Do what you can to compare ALL the
costs, and then look at
> what happens at the end of the lease. When you buy, your payments are
higher, but the car is yours.
> When you lease, you give the car back. BUT, before you do, an inspector
looks at the car and tells
> you how much more you have to pay if there are any problems. You may have
to pay extra if there are
> any dents, stains on the interior, leather damage, paint scratches, etc.
Some people have gotten
> screwed from leasing.
> Still, if your goal is to get a brand new car every few years, leasing
could be better. You are
> only paying for the period of time you use the car.
> I leased my car, then, because it was still so nice, I bought it at the
end of the 48 month lease.
- Hide quoted text — Show quoted text -
> It cost me more than if I had bought the car outright from the start.
> Dave
Husband and Wife wrote:
> Someone famous whose name I don’t recall wrote:
> >I recently turned 21 and have a decent job and I want the IS300 bad like you
> >wouldn’t believe. I’ve got more than enough for down payment and all that. Am
> >I going to have a tough time trying to lease one? Should I just have on eof my
> >parents or relatives lease it and I pay them?
> Actually, leasing is usually easier than buying. The reason is, you never get to own the car, and
> the dealer makes more money on it.
Right on.
> Leasing is more expensive than buying. Do what you can to compare ALL the costs, and then look at
> what happens at the end of the lease. When you buy, your payments are higher, but the car is yours.
True usually. In my case the loan rates at the time were 2 points higher than the dealer lease rate. In
this case the difference after 48 months in the actual overall cost is surprisingly close. Taking into
account not having to butcher my savings and stock options, and then factoring the gains on those future
values after 48 months I might actually come out ahead. Might.
> When you lease, you give the car back. BUT, before you do, an inspector looks at the car and tells
> you how much more you have to pay if there are any problems. You may have to pay extra if there are
> any dents, stains on the interior, leather damage, paint scratches, etc. Some people have gotten
> screwed from leasing.
As someone who would fix any scratch or dent anyway this is not a concern for me.
> Still, if your goal is to get a brand new car every few years, leasing could be better. You are
> only paying for the period of time you use the car.
> I leased my car, then, because it was still so nice, I bought it at the end of the 48 month lease.
> It cost me more than if I had bought the car outright from the start.
I might buy my IS300 outright at lease end as well. If the market value is compares favourably to the
buyback it makes sense. Of course I might want a new IS by then!
kurt.
beezer…@aol.com (Beezer943) wrote in message <news:20010512123332.27294.00002868@ng-bk1.aol.com>…
> Hello,
> I recently turned 21 and have a decent job and I want the IS300 bad like you
> wouldn’t believe. I’ve got more than enough for down payment and all that. Am
> I going to have a tough time trying to lease one? Should I just have on eof my
> parents or relatives lease it and I pay them?
> Any comments would be appreciated.
> Fellow ES300 driver,
> Bill
Bill,
Your best bet is to go to your local lexus dealer. I am the finance
lease manager at a lexus dealer in the chicago area. Lexus offers a
college grad program. If you are not a recent college grad you may be
able to get a lease by having your parents co-sign
Myles Bauer
Arlington Lexus