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Re: How do I negotiate lease and know if dealer's offer is a good deal?
| David Z | 27 May 2007 20:14 |
> I am in the market to lease a 2007 Lexus RX400h. As configured on the > Lexus website the car has an MSRP of $49,866. That includes the base [quoted text clipped - 5 lines] > than the usual allowed miles of 15,000. I also know that a 24 month > lease is not the most economical, but that is what my employer wants. I once had an employer offer to pay for me to lease a car. At the time, I owned a 1997 ES and was very happy with it. The only way I could get the "benefit" was if I leased a car.
So, I found a guy (in the phone book) that offered to buy my car and lease it back to me. That way, my employer paid the lease payments. It was a great deal. They bought my 1997 ES for $27,000 in 1999. I bought the car back 3 years later for about $15,000.
What are the parameters/constraints of your employer's offer to pay for your lease?
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| Dejola | 26 May 2007 16:34 |
I am in the market to lease a 2007 Lexus RX400h. As configured on the Lexus website the car has an MSRP of $49,866. That includes the base MSRP of $42,580, the delivery, processing, and handling fee ofr $715, and the selected package of $6,571.
This will be a 24 month lease with 30,000 miles a year built-in. In other words I put 30K a year on the car. I know that will cost me more than the usual allowed miles of 15,000. I also know that a 24 month lease is not the most economical, but that is what my employer wants.
I'm hoping that among those Lexus owners/drivers out there in this group there will be one or more who have this leasing thing down pat and can advise me what would be a reasonable amount to pay monthly. I expect to pay $5,000 as the drive-off or up front amount. So, can any kind smart soul inform me what monthly amount I should hold out for as I consider as many as four dealer proposals?
Thanks very, very much.
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