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Payment waiver program, or pull ahead program?

rattaomrattaom Posts: 2
edited November 2015 in Lexus
Hi,
I am in the middle of a lease on a 2014 Lexus IS 250 that is set to mature in June 2016. I've seen references to a payment waiver or pull ahead program whereby Lexus may let you out of a lease early if you're within 6 months, and you lease a new vehicle through them. Does anyone know if this is accurate, or how exactly it works?

Thanks.
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Answers

  • Mr_ShiftrightMr_Shiftright Sonoma, CaliforniaPosts: 64,490
    You may want to read Edmund's article on Early Car Lease Returns.

    The pull ahead program is probably more beneficial to the dealer than to you, but if you have some equity in the car (that is, if retail value exceeds your pay-off amount), you might be able to cut yourself a good deal.

    For some owners, just getting a new car is a good enough deal. For others, they want equal or lower payments before they make the switch.
  • kyfdxkyfdx Posts: 120,458
    rattaom said:

    Hi,
    I am in the middle of a lease on a 2014 Lexus IS 250 that is set to mature in June 2016. I've seen references to a payment waiver or pull ahead program whereby Lexus may let you out of a lease early if you're within 6 months, and you lease a new vehicle through them. Does anyone know if this is accurate, or how exactly it works?

    Thanks.

    I don't see any pull-ahead programs for Lexus, at this point in time. That doesn't necessarily mean there aren't any, but it looks doubtful.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Mr_ShiftrightMr_Shiftright Sonoma, CaliforniaPosts: 64,490
    I think these pull ahead programs come and go and are related to how many lease returns are being dumped at one time and what the used car inventory is.
  • Thx for all the feedback.
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