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Lease deal

aroessleinaroesslein Member Posts: 15
edited May 2016 in Lexus
Trade in a lease Honda Pilot EX-L with the payoff of $20,157 appraised $22,500 The new car is a 2016 LexusNX 200t AWD MSRP $42,153 3 year lease 10,000 miles $419 per month. Residual value $26000 I don't know what the MF is and I'm not sure if this is a good deal or not. Help!
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  • MichaellMichaell Moderator Posts: 234,238
    aroesslein said:

    Trade in a lease Honda Pilot EX-L with the payoff of $20,157 appraised $22,500
    The new car is a 2016 LexusNX 200t AWD
    MSRP $42,153 3 year lease 10,000 miles $419 per month. Residual value $26000
    I don't know what the MF is and I'm not sure if this is a good deal or not. Help!

    The Lexus lease numbers are regional - where do you live?

    Other than the trade equity, did you have to come up with any cash at signing?

    Do you know the selling price of the Lexus?

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  • aroessleinaroesslein Member Posts: 15
    I live in Missouri.
     No I don't have to put any money down other than the trade. 
    The selling price of the Lexus $38,280
  • MichaellMichaell Moderator Posts: 234,238
    aroesslein said:

    I live in Missouri.
     No I don't have to put any money down other than the trade. 
    The selling price of the Lexus $38,280

    I get $395/mo before tax with those prices (.00090 MF and 62% residual) - pretty close to your deal.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • aroessleinaroesslein Member Posts: 15
    Ok thank you!

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