End of Lease - Negotiate Purchase? - my.IS

jgb1999 · 01-12-2010, 09:27 AM

My lease ends in a few months and would consider buying my IS250 for the right price. Anyone ever negotiated the end of lease buyout price? Is it possible?

BaronvdB · 01-12-2010, 11:55 AM

I'm also interested in this...i haven't bought my is 350 yet but I'm considering doing a lease and buying it when the lease is up.

kayotik · 01-12-2010, 12:21 PM

Wait for them to contact you about it, and tell them you don't like the buyout. Explain that you would have been interested if it were the right price, but since it's not worth it, you will just move on.

**METEORO** · 01-12-2010, 07:48 PM

It all depends who your lease is with. If it is through Toyota/Lexus finance, they do not negotiate at all. I tried it from so many angles, and nothing. Their business model is actually set up for you to return the vehicle and step into a new one. They really do not want you to purchase it at the end.

Now with other financial institutions you can negotiate, again depends on which. It is a hit or miss really.

Jbog · 01-13-2010, 07:43 AM

Quote:

Originally Posted by METEORO

It all depends who your lease is with. If it is through Toyota/Lexus finance, they do not negotiate at all. I tried it from so many angles, and nothing. Their business model is actually set up for you to return the vehicle and step into a new one. They really do not want you to purchase it at the end.

Now with other financial institutions you can negotiate, again depends on which. It is a hit or miss really.

This is the same for Canada! The only thing you might have a little bit of leverage is if you return the vehicle with some damages. But most ppl I know still got tagged for repairs. There is a program called Dealer Buy Back which is going to be put in place where once the vehicle returns to headoffice the dealership has a change to buy it back at fair market value but I think the customer gets screwed..

Chigger · 01-14-2010, 09:47 AM

Just buy another (CPO) one.

250sleeper · 01-16-2010, 08:10 PM

Buy the car at lease end then sell it only if you can make some money reselling it if the car is still in good condition with lower mileage than expected.

pt91978 · 02-08-2010, 11:55 AM

i have the same question. i currently lease a '07 is350 and my lease ends in a few months. the car currently only has a lil over 20K miles and the limit i have on this car is 45K at the end of the lease. so the car is way under milage and im thinking of buying this car but my credit is pretty bad, so can anyone help me with what options i have and what can i do about it? thanks