Hi there, I don’t know anything about leases (or honestly cars that much either), but I want to lease a 2021 LC500 Inspiration package that’s pre-owned (has 2500 miles) and I have a 21k trade in. They’re telling me I need to pay the $2500 fee to get it CPO which I agreed to. They’re valuing it at 100k and I’m being told that the residual value after 3 years/15k miles per year is $36,500 and therefore my payment on the 90k total after trade in will be $2000/mo. Is there a way to negotiate a higher residual?
Hi there, I don’t know anything about leases (or honestly cars that much either), but I want to lease a 2021 LC500 Inspiration package that’s pre-owned (has 2500 miles) and I have a 21k trade in. They’re telling me I need to pay the $2500 fee to get it CPO which I agreed to. They’re valuing it at 100k and I’m being told that the residual value after 3 years/15k miles per year is $36,500 and therefore my payment on the 90k total after trade in will be $2000/mo. Is there a way to negotiate a higher residual?
The residual is fixed by the bank, but that does not seem like a great lease deal.
Also, $100K selling price less $21K trade in is $79K, not $90K. Ask them for a screen shot of their lease worksheet, so we can see all the numbers.
Comments
Hi there , can I please get number for a 2021 lc500 convertible , zip 78574 36/10? Thanks
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I get money factor, residual and incentives for a '21 lc500 convertible 36/7.5 zip 98003
thanks
Lexus is paying the dealer $1000 for any LC sale.
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Standard MF and 49% residual
No lease incentives
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Hi there, I don’t know anything about leases (or honestly cars that much either), but I want to lease a 2021 LC500 Inspiration package that’s pre-owned (has 2500 miles) and I have a 21k trade in. They’re telling me I need to pay the $2500 fee to get it CPO which I agreed to. They’re valuing it at 100k and I’m being told that the residual value after 3 years/15k miles per year is $36,500 and therefore my payment on the 90k total after trade in will be $2000/mo. Is there a way to negotiate a higher residual?
Also, $100K selling price less $21K trade in is $79K, not $90K. Ask them for a screen shot of their lease worksheet, so we can see all the numbers.
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 / 2024 Kia Sportage Hybrid SX Prestige