Pre-paid Lease versus Purchase

[AlanW]

Currently looking at the 2009 IS. Since we will drive the car only
7500 miles a year, the dealer is suggesting a 3 year prepaid lease
versus purchase. Since we have a clear title on our existing 4 year
old car, the dealer says we could get the lease plus a check back for
the difference so there would be no cash outlay this time around. We
generally trade our car in every 4 years to maximize trade in value.
Any thoughts, pro or con, regarding this? Thanks.

Alan

[OldMan]

Under the current economic climate, and plunging vehicle sales & values its
almost impossible to predict the future value if purchased, that said a
lease will be a guaranteed amount

Post by AlanW
Currently looking at the 2009 IS. Since we will drive the car only
7500 miles a year, the dealer is suggesting a 3 year prepaid lease
versus purchase. Since we have a clear title on our existing 4 year
old car, the dealer says we could get the lease plus a check back for
the difference so there would be no cash outlay this time around. We
generally trade our car in every 4 years to maximize trade in value.
Any thoughts, pro or con, regarding this? Thanks.
Alan

[j***@hotmail.com]

In this economy you can probably keep the 4 year old to trade later,
and tell the dealer to set up a new lease with no cash down. See if
you can lop another 25% off monthly. Nobody wants a Lexus (or IS in
particular) in this economy, so the dealer should give you a better
deal.

Post by AlanW
Currently looking at the 2009 IS. Since we will drive the car only
7500 miles a year, the dealer is suggesting a 3 year prepaid lease
versus purchase. Since we have a clear title on our existing 4 year
old car, the dealer says we could get the lease plus a check back for
the difference so there would be no cash outlay this time around. We
generally trade our car in every 4 years to maximize trade in value.
Any thoughts, pro or con, regarding this? Thanks.
Alan

[j***@hotmail.com]

The following folks were discussing RX, saying that the dealer can
throw $9K in your face and still make a good profit. I've read one
owner got $13K off. The 2010 are coming, so the dealer should be
willing to dump the 2009s.

http://townhall-talk.edmunds.com/direct/view/.f0cbfbf/1814

Post by AlanW
Currently looking at the 2009 IS. Since we will drive the car only
7500 miles a year, the dealer is suggesting a 3 year prepaid lease
versus purchase. Since we have a clear title on our existing 4 year
old car, the dealer says we could get the lease plus a check back for
the difference so there would be no cash outlay this time around. We
generally trade our car in every 4 years to maximize trade in value.
Any thoughts, pro or con, regarding this? Thanks.
Alan