Lease Questions - Ask Here

kyfdx · October 2002

Asking for a friend.. 36 mo/45K lease. 2002 crv ex. residual/mf. thanks

jluague · October 2002

Hi Car_man:

Would you kindly provide me with lease info on 2003 Lexus ES 300 and Acura TLS for 39 months and 42 months, respectively. I would like to know the money factors, residual values for both vehicles. I intend to lease for 12k/year. Thank you.

brianlewis · October 2002

I am looking to lease an Acura 3.2 TL Type S for 3 yr/12k miles per year. I am given the following deal:
MSRP : 33480 (not including destination)
Selling Price : 31400
Money Factor : .00230
Residual : 61%
Term : 36month
Zero Down except for driveoffs
Computes to $424/month + tax

Is this a good deal? I have a 720+ Fica rating, should they be able to offer a better deal than .00230 money factor? I noticed others on the Bmw board getting better deals money factor wise...
Also I have $$$ to put down, is it best to do apply to a security depot to buy down the money factor or apply towards selling price to basically pay up front part of the car? I can spare up to $6k if its beneficial to do so.

chow3 · October 2002

How about the Mazda MPV. The wife saw one and liked the size and room. do you have info on both the 2002 and 2003, 3 year, 36k. She likes the ES. Thanks again carman.

tnguyenmdc · October 2002

Hello Carman,
I'm looking to lease a 2003 MB C320 with sunroof package and CD changer. I'm in Northern California. Would you kindly provide me with what's the selling price, money factor, residual on a 36 months/12K a year lease. If you can work that out into what would the monthly payment including tax would be, I really appreciate that. Thanks.

pmelanc · October 2002

Hi Car_Man,

Can you give me the residual and money factor for a 2003 3.0 non-quatro A6 and the 2003 2.7T A6 for 36 months and 15k/yr. I am in southern california. Also, can you go to 18k/yr on a lease and what does that do to the residual and money factor. Thanks for your help.

haplology · October 2002

Can you give me MF and residuals for the following in SoCal? For 36M and 48M at 12K miles.

2003 BMW X5 3.0 or 4.4
2002 or 2003 BMW M3 SMG
2003 Mercedes E320
2002 or 2003 Mercedes C32 AMG
2003 Lincoln Navigator

Thanks very much for all this!

joeg1 · October 2002

Hi Car_Man,

Just a reminder, 2003 Lexus RX300 AWD with the Navagation System Value Package - 15,000 miles per year, 36 or 39 month lease - money factor and residual?

Thanks, Joe

schenoy · October 2002

Hi,
First, I'm not savvy on money factors.
I am looking at a 2002 or 2003 Mercury Mountaineer or a 2003 MDX.
Mountaineer Luxury 2WD : approx.$30 cap($33K msrp for 2002) -approx$32Kcap ($35K msrp for 2003)
MDX Touring w/RES: $41.5K cap(msrp $41.5K)
15,000 miles/year
I am wondering if due to the expected lower(?) residual on the Mountaineer, my lease payments would be about the same as the more expensive, but higher residual MDX? What is your expert opinion. Also, should I completely stay away from the 2002 Mountaineer becuase of lost residual?
Also, my Equifax score is 689. Can I get a no-money down lease?
Thanks

Steve

CarMan@Edmunds · October 2002

Thanks for the additional information, dig. OK, if you were to lease a 2003 Ford Expedition XLT 4WD through Ford Motor Credit this month for 2 years with 15,000 miles per, their base lease rate and residual value should be around 5.25% and 58%, respectively. Their 3 year 15,000 miles per numbers for this truck should be around 5.75% and 51%, respectively. Ford Motor Credit leases with only 12,000 miles per year instead of 15,000 miles per year would have residual values that are 2% higher. Please keep in mind that the lease factors for this truck may vary slightly depending upon what part of the country you lease it in.

As for the 2003 Toyota Sequoia SR5 4WD, if you were to lease this truck through Toyota Financial Services this month for 2 or 3 years, their base lease money factor should be .00260. Their 2 and 3 year 15,000 miles per residual values for this truck should be 61% and 59%, respectively. The 12,000 miles per year residual values should be 2% higher.

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CarMan@Edmunds · October 2002

Hello kyfdx and friend. If you were to lease a 2002 Honda CR-V through American Honda Finance Corp. this month for 3 years with 15,000 miles per, their residual value should be 58% for the CR-V EX 4WD and 57% for the CR-V LX 4WD. Honda is not providing any sort of lease support on this truck, so if you were to lease one through them you would have to use their standard money factors. I have not seen if AHFC has made any changes to their base standard money factors lately, but the last that I heard their 3 year base standard factor was .00230.

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CarMan@Edmunds · October 2002

Greetings jluague. I would be more than happy to help you out. If you were to lease a 2003 Lexus ES 300 through Lexus Financial Services this month for 39 months with 12,000 miles per year, their base lease money factor and residual value should be .00240 and 57%, respectively. I have not seen the 42 month program for this car, so I can't help you there.

The last that I heard, American Honda Finance Corp.'s base lease money factor and residual value for the 2003 Acura TL-S leased for 39 months with 12,000 miles per were .00220 and 62%, respectively. Again, I have not seen the 42 month numbers for this car.

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CarMan@Edmunds · October 2002

Hey brianlewis. Let me begin by saying that the lease money factor that you were quoted for this car appears to be right no the money. This is a good sign because it shows that the dealership that you are working with is being very straightforward with you and not attempting to add additional profit to your deal by marking up AHFC's base money factor. This is AHFC's lowest standard money factor for consumers with good credit, so even though you have a great credit rating they should not be able to offer you a rate that is any lower than that. The reason why the money factors are lower on certain BMW models is that BMW is providing support on many 2002s in an effort to help dealers sell them. Acura has not had to offer any sort of support on the TL since they redesigned it several years ago. To be honest with you, a standard money factor of .00230 is actually pretty good.

I just calculated a sample lease payment on this car using the data that you provided me with and I came up with a pre-tax monthly lease payment of exactly $424. This also is a very good sign that your dealership is being honest with you.

Whatever you do, do not make a down payment on this lease. I am personally against making down payments on leased vehicles for two main reasons. One is that if your vehicle is totaled in an accident or stolen and never recovered, your insurance company will pay off the bank that you are leasing it through and your down payment essentially disappears. The other main reason is that down payments on leases do nothing to establish equity. They only serve to lower the amount of interest that you pay over the length of your lease. So if you were to lease this TL with a 10,000 down payment or absolutely no down payment, your lease end purchase price for it would be exactly the same. Many banks do allow consumers to buy down their vehicle's interest rate by making additional security deposits that they will eventually get back. This can be a great way to lower your lease payment, especially in today's economic climate with a bear market and very low interest rates, provided that the amount each additional deposit lowers your rate is low enough.

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CarMan@Edmunds · October 2002

You're welcome, chow3. Mazda recently changed their incentives on the 2002 MPV. They no longer have any consumer cash, special financing rates, or special lease rates available on it. They now are offering $2,500 dealer cash on this vehicle. If you really want to lease a 2002 MPV, you will find that you are probably best off having the dealership use this dealer cash to reduce your vehicle's selling price and leasing it through some independent bank. Dealerships have access to computer systems that allow them to search banks all over the country to see which ones are currently offering the best lease program for the vehicle and term that you are interested in. Mazda does have lease support on the 2003 version of the MPV though. If you were to lease a 2003 Mazda MPV ES through Mazda American Credit for 3 years with 12,000 miles per, their base lease money factor and residual value should be .00139 and 44%, respectively.

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CarMan@Edmunds · October 2002

Hi tnguyenmdc. I would be more than happy to give you an idea of what this car's base lease money factor and residual value should be like at this time. Right now, Mercedes-Benz Credit Corp.'s 3 year 12,000 miles per base factor and residual for a 2003 C320 Sedan should be .00250 and 62%, respectively. In order to get an idea of what this car's price should be like right now, you should probably look up it's True Market Value here at Edmunds.com and perhaps hop on over to the Sedans Message Board to see what other community members have been paying for similar cars. Once you have figured out the full MSRP and a realistic selling price for this car, I would be more than happy to calculate a sample lease payment on it for you.

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CarMan@Edmunds · October 2002

Pmelanc, if you were to lease a 2003 Audi A6 3.0L Sedan without quattro through Audi Financial Services this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00117 and 51%, respectively. If you were to do an otherwise identical lease on a 2003 A6 2.7T Sedan with quattro their numbers should be .00150 and 55%. I do not believe that AFS publishes actual residual values for vehicles leased with 18,000 miles per year. In order to do so, you may need to purchase additional mileage on a per mile basis. It is almost always less expensive to do so at lease signing when then you turn your vehicle in at the end of your term. You should probably talk with the F&I person at the dealership that you are working with in order to figure out exactly how much each additional miles will cost if purchased in advance.

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CarMan@Edmunds · October 2002

Hi again haplology. You sure are interested in lots of models

. OK here are the 3 year 12,000 miles per lease programs for these vehicles if they were leased through their manufacturers' captive finance companies: for the 2002 BMW X5 3.0 the numbers should be .00190 and 61%, .00190 and 58% for the 2002 BMW X5 4.4i, .00255 and 64% for the 2003 BMW M3 Coupe, .00285 and 69% for the 2003 Mercedes-Benz E320, .00285 and 60% for the 2003 Mercedes-Benz C32 AMG, and 4.50% and 50% for the 2003 Lincoln Navigator. Let me know if you still want the 4 year numbers and I will look into them for you.

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CarMan@Edmunds · October 2002

Thanks for the reminder, Joe. If you were to lease a 2003 Lexus RX 300 AWD with Navigation through Lexus Financial Services this month for 3 years with 15,000 miles per, their base lease money factor and residual should be .00240 and 55%, respectively. The 39 month money factor for this truck would be exactly the same, but the residual value would fall 2%.

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joeg1 · October 2002

Car_man,

Thanks so much. The Lexus dealer quoted the lease through a bank whose money factor resulted in an interest rate .25% higher than Lexus Financial. So it's Lexus Financial!

Is there any upside / down side to putting down a security deposit equal to 9 mos. lease payments under Lexus Financial and what is Lexus's acquisition fee?

(I wish I would have gone through Lexus Financial before as they have something called the Encore program for repeaters.)

Thanks again,
Joe

CarMan@Edmunds · October 2002

Hi Steve. You are correct that the Mercury Mountaineer will have lower residual values than the Acura MDX. Vehicles with low residual values are actually more expensive to lease than vehicles with high residual values, because you are paying for a greater percentage of depreciation over the length of your lease. I haven't worked out sample lease payments on both of these trucks, but it is possible that the MDX would have a similar lease payment to the Mountaineer. The one thing that may make the Mountaineer less expensive is that Ford is providing lease rate and lease cash support on it to help buy down the monthly lease payment, while the Acura MDX has absolutely no lease support available on it. You should be able to lease any vehicle that you would like without any money down. I would be more than happy to give you an idea of what the lease factors and residual values should be like for these two trucks, but first I am going to need you to let me know how long you want to lease them for. I would even be happy to calculate sample lease payments on these SUVs for you. Talk to you soon.

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CarMan@Edmunds · October 2002

You're welcome, Joe. The upside of making multiple security deposits on a leased vehicle is that you can reduce your monthly payment and still get your money back at the end of your term provided that you are not over mileage and do not have excess wear and tear. The down side is that you are tying up a significant amount of money for three years, or however long you choose to lease. If you can afford to tie the money up, and you are realizing enough savings, then making additional security deposits can be a good idea. As far as the acquisition fee goes, I believe that Lexus Financial Services' base fee is currently $600. You are correct, Lexus will provide returning lessees with a small break in their vehicle's lease money factor, but as you already know you have to have leased a previous vehicle through LFS to qualify for this discount.

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schenoy · October 2002

Thanks Car_man.
I am looking at 36 months or 48 months.
My Jeep lease expires tomorrow (the 15th), so it was either lease the Mountaineer on Wed. or wait 3 weeks for the MDX to come in. If you can calculate where I'd be on those 2 vehicles, that would be very helpful, and I'd be grateful.
Best Regards,
Steve

davin1 · October 2002

Car_man,

I am going to lease a 2003 1.8T A4 Avant and would like some input on an issue. The monthly payment number that I was given for a lease seemed high based on the price that I am getting ($1,000 over invoice). The total price for the car with the options I have chose at $1,000 over invoice is $31,416. The quoted lease price from the dealer, with $2,500 total out of pocket at the lease inception, is $458.15 for 36 months (and 12,000 miles per year). I spoke with the dealer to find out if Audi Financial Services was the company offering that lease or whether the dealer attempted to get the best lease rate out there. I was informed that Audi Financial Services is the company offering the lease. Therefore, my question is if the dealer is only using Audi Financial Services for a lease quote, what can I do on my own to see if a better rate is available? I have a very good credit rating (around 750 I believe), if that is relevant.

Also, in your opinion, is the lease that I have detailed above a good value or could I do better elsewhere (by going through another leasing company if possible)? If so, are there leasing companies that you suggest I contact? Thank you in advance for your help.

ronald15 · October 2002

Just spotted in local newspaper that the GM "Pull Ahead" Program is back for current GMAC lease customers. Anyone have details on this program?

krohrer · October 2002

Car_Man:

Do you have October lease rates and residuals for a Passat GLX - 3 years/36K miles? Thanks.

CarMan@Edmunds · October 2002

OK, Steve, let's play with some numbers and see what we come up with. First, if you were to lease a 2003 Mercury Mountaineer Luxury V6 2WD (MSRP: $35,000, Cap Cost: $33,000) through Ford Motor Credit this month for 3 years with 15,000 miles per, I come up with a zero down, pre-tax monthly lease payment of right around $572. Ford is offering $1,000 lease cash on this truck right now, so if you were to reduce the above capitalized cost by $1,000 to $32,000, your payment on this truck would fall to around $543. As far as the 2002 Acura Touring MDX (MSRP: $41,500 Cap: $41,500) goes, if you were to lease one through American Honda Finance Corp. for 3 years with 15,000 miles per right now, your zero down, pre-tax monthly lease payment should be around $628.

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CarMan@Edmunds · October 2002

Hi davin1. Audi Financial Services is Audi's captive finance company. In an effort to provide attractive payments on their vehicles, Audi frequently provides AFS with cash to buy down lease money factors. As a result, AFS usually has the best lease deals available on Audis. It is much more difficult for consumers to search around on their own for good lease deals from independent banks than it is for them to shop around for low finance rates. Dealers have access to computer systems that allow them to search the country for the best possible lease programs for the vehicle and term that you are interested in leasing. If there is a better deal out there than what AFS is offering at this time, your dealership would probably know about it and would be using that bank instead of AFS. You definitely should find out from your dealer exactly what lease money factor and residual value they are using to calculate this payment. Once you have that information, stop back here and I will tell you if I believe that your dealer is marking up Audi Financial Services' base lease money factor in an effort to add additional profit into your deal.

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CarMan@Edmunds · October 2002

Good morning, ronald15. Right now General Motors is allowing consumers whose lease contracts are scheduled to expire between January and March of 2003 to get out of their current GMAC lease contracts early if they purchase or lease a new GM vehicle. I believe that this program is available through the end of November.

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CarMan@Edmunds · October 2002

Hello krohrer. Here's the info that you are looking for. If you were to lease a 2003 Volkswagen Passat GLX Sedan through VW Credit this month for 3 years with 12,000 miles per, their base lease money factor and residual value should currently be .00165 and 57%, respectively, for consumers who qualify for their top credit tier.

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digthisxl · October 2002

Hello Car_man,

Do you know if the current $1000 incentive on the 03 Expy can be used when leasing?

Thx,
dig

schenoy · October 2002

Car_man, can you tell me the residuals and money factors on the 2003 Mercury Mountaineer "Luxury" V8 and the 2003 Acura MDX Touring w/RES. I want to lease for 36 months/15K miles, within the next 2 days.
Thanks
Steve

CarMan@Edmunds · October 2002

Hey dig. Unfortunately the $1,000 consumer cash that Ford is currently providing on the 2003 Expedition may not be used on Ford Motor Credit leases. They do have a ton of owner loyalty cash on this truck that can be used on leases if you are a returning Ford customer, and even more if you are a returning Ford Expedition owner.

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CarMan@Edmunds · October 2002

Steve, if you were to lease a 2003 Mercury Mountaineer AWD through Ford Motor Credit this month for 3 years with 15,000 miles per, their base lease rate and residual value should be 2.75% and 43%, respectively. If you were to lease a 2002 Acura MDX Touring without Navigation through American Honda Finance Corp. right now, their base lease money factor and residual value should be .00220 and 58%, respectively.

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schenoy · October 2002

Ok, I just got off the phone with dealer, Maroone Lincoln-Mercury. He said money factor (is that base lease rate?) is 4.0 for 36 months, and residual is 41%. He was very upfront with the #'s, unlike another dealer. Am I being taken?

brianlewis · October 2002

I am buying a 03 Infiniti G35, I was given a money factor of .00230 for a 3yr/12k mile lease.
I asked the dealer if Chase allows me to Buy Down the money factor using additional security deposits (ie lower the risk of the lease I guess).
BMW Financial lets me do this, but the dealer looked up me funny when I asked about it and told me Chase doesn't offer such a program. I looked at calling Chase direct but they state on their website that leases are only offered thru their dealer network and not directly thru Chase.
Are you familiar with how Chase does their Leases? Is .00230 the 'unpadded' money factor from Chase right now for a 3yr/12k mile lease? They tell me the residual% on that lease is 60% for this 03.5 Infiniti G35 from Chase.
It sounds like a pretty honest deal, I just want to make sure that Chase really doesn't offer any way for me to give extra Security Deposits to lower the buy rate, BMW gives 10 Basis Points for EVERY security deposit up to 10 deposits total.

CarMan@Edmunds · October 2002

Schenoy, Ford's lease rates do often vary depending upon what part of the country you are in, so it is possible that the 3 year lease rate for the Mountaineer in your area is 4.0%. The number that I posted is the most common program that I have seen, but again it may vary slightly where you are. The thing that I don't understand is how the residual value that they quoted you is different than the one that I mentioned. Ford Motor Credit's residuals are the same across the U.S. and should not be different in your area. The best way for you to check the validity of these numbers would be to either e-mail or speak with a couple of other Mercury dealers in your area and see what sort of numbers they quote you to lease this truck.

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CarMan@Edmunds · October 2002

Hi brianlewis. Chase often has a very attractive lease program for Infinitis. Many dealers use their program on certain models and terms instead of the one offered by Infiniti Financial Services. I do not know whether they offer a multiple security deposit program. I don't see any reason why anyone at the dealership that you are working with would lie to you about their policy on this matter, because it doesn't cost them anything to allow you to make MSDs.

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rio0 · October 2002

I was interested in a 2002 A4 3.0Q that is on the floor with MSRP $39750. The dealer offered cap cost of $36545, residual 49%, money factor .00255, on 36mo./15K.

Is he try to make additional profit off me or that's how terms should look like at the end of the year? I was quoted 56%/.00215 on a 03 Passat GLX 4motion. That makes the Audi deal looks really bad. However, the dealer insisted that Audi set the residual and money factor and they have no say on that.

schenoy · October 2002

I got turned down by AHFC cold(?), but Ford financed me for a lease in 5 minutes. They say I qualify for 0% financing. Is it better to take the 0%, or take the $2000. rebate offered and buy down the lease? Details: 2003 Mercury Mountaineer, retail $35,090, Cap: $32,322, 15K miles, 3 year lease. Thanks,Car man!!

wdavid1 · October 2002

CarMan, I have a 99 Ford Explorer that I leased for 5 years. In January, it'll be the 4th year of my lease. The lease is for 15K miles each year. I am way below that. How do I get out of it without much pain?

CarMan@Edmunds · October 2002

Hi rio0. Audi did away with their lease support on 2002 models a month or two ago. I believe that Audi Financial Services' base lease money factor for the 2002 Audi A4 3.0L Sedan with quattro should currently be .00250. So it looks like they may be marking up the rate slightly in this case, but the base rate isn't even that great. The 2002 Volkswagens and 2003 Audis will have lower money factors that this model in general because there is support on 2003s.

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CarMan@Edmunds · October 2002

I read your other message about getting turned down by AHFC, schenoy. I am sorry to hear about that. I am surprised that they would reject your application. I have leased two vehicles through them without any problem at all. They many have felt as though you don't have enough credit history. Still, this doesn't make much sense to me. Both the Mercury Mountaineer lease program and the 0.0% special financing are very good deals. According to my calculations, financing a 2002 Mercury Mountaineer for 36 months at 0.0% would save you approximately $3,388 versus a loan at 7.5%. Of course, you would not save as much money if you would be able to qualify for a lower rate than 7.5%, but you get the idea. When you take the $2,000 lease cash and the lease rate support into account, I personally don't see much of a difference savings wise between leasing and financing this truck. Which method of financing you choose should ultimately depend upon whether you feel more comfortable with a conventional loan or a lease contract.

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CarMan@Edmunds · October 2002

Hi wdavid1. Normally the only out of a lease contract is to purchase your leased vehicle on your own and try to sell it or to trade it in on another vehicle. In order to do either of these, you would need to contact the bank that you are leasing through, probably Ford Motor Credit, and find out from them exactly how much money it would cost you to purchase your truck at this time. Once you have that figure, compare it to how much you can realistically expect to get for your vehicle. The difference between these two figures will be the amount of money that you would make on this transaction, or more likely the amount of money that you are upside down and would have to pay or roll over into your next loan to get out of your lease.

Having said all of that. Ford is actually running an early bird program right now that allows current Ford Motor Credit lessees of its SUVs with scheduled termination dates between January 2003 and May 2003 to get out of their deals early without having to pay their final 7 payments. Of course, this program requires customers to finance or lease a new Ford division vehicle through Ford Motor Credit. It sounds to me as though you have a little longer left on your lease than this program allows, but perhaps you could pay the extra couple of payments on your own and still use the program. You need to speak with a dealer to see if you would be allowed to do this.

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mdames · October 2002

I'm assuming that with each month that passes from the introduction of a vehicle (i.e. 2003 Honda Accord) the residual percentage falls. How much does it fall each month? My question is: for September the residual percent for an EXV6 is .63. If I decide to lease in a couple of months how much of a drop can I expect? Thanks for your response!

m3fan · October 2002

Hi CarMan et al.

Do Canadian and U.S. money factors differ for same manufacturers? Would you be able to provide me with a Canadian money factor and RV for 2003 Mazda Protege5? I'm looking at 36-month lease @20,000km/year (12,000 miles/year).

Thanks!

shap1 · October 2002

Hello, Carman.
We are interested in leasing the new Volvo XC90 2.5 with premium and versatility pkg.. Here are the terms and such: Total cost of vehicle (incl. cap cost, dest. and tax): $41,335 -- no deals to be had here(!). Looking for both 48 month and, if available, 60 month; 12,000/yr. Wondering about residual and money factor.

Based on availability, we're probably looking at December delivery at the earliest, but it would be useful to know approx. what we'd be looking at for a montly payment using current numbers.

CarMan@Edmunds · October 2002

Hi mdames. There is not really any hard rule that dictates how vehicles' residual values progress as one gets deeper into the model year. Some vehicles seem to depreciate in a straight linear fashion, losing a percentage point every month or two, while others don't seem to lose much value for several months. There is no way for me to know for certain what the 2003 Accord's residual values will be like several months down the road, but if I had to guess I would say that they would should remain above 60% for the rest of the year. Of course that is just an educated guess.

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CarMan@Edmunds · October 2002

Hello m3fan. Canadian incentives programs and lease programs are not the same as the programs that are being run in the United States. Unfortunately, I do not follow the incentives that are being offered North of the boarder and can not answer your question. Sorry that I couldn't be of more help.

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CarMan@Edmunds · October 2002

Nice choice in vehicles, shap1. I think that Volvo is going to have a real winner with the XC90. As one might expect with any new vehicle, especially one that looks like it will be well received, Volvo is not providing any sort of support on the 2003 XC90 right now. So if you were to lease one through Volvo Finance, you would have to use their standard lease money factor. The standard factor usually varies slightly by region, but it should currently be around .00365 for both 48 and 60 month terms. The 12,000 miles per year residual values for the 2003 XC90 2.5T should currently be 55% for 48 months and 48% for 60 months. Interestingly enough, this lease program is supposed to run through the end of December so it may actually still be the same when you take delivery of your new truck. Manufacturers do reserve the right to alter their lease programs at any time though. According to my calculations, if you were to lease a 2003 XC90 with an MSRP and Cap Cost of $41,335 using the aforementioned lease program, you should have a zero down, pre-tax monthly lease payment of right around $621 for 48 months and $582 for 60 months. Before signing on to commit to a 60 month lease, remember that is a whole 5 years. A lot can happen in the span of 5 years and you could end up significantly over your mileage limit or need to get out of this deal early and end up taking a hit if you are upside down.

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moelexx · October 2002

Hey car man, I would like to thank you first of all for taking the time to offer your knowledge in this business. This is my first lease and it ends in December. It's a 1999 Lexus GS 300, I already know that I do not want to buy it. I have made $25,000 in payments and they want $51,500 for the car, which is insane. The car is in good shape except for the fact that I need to repair the driver's side door handle and buff out some scratches. My question to you is, what can I expect from the dealer when I turn it in? I got it from a non-lexus dealer, but the dealership got it through a Lexus dealer. Are they going to try to get more money out of me for the slighest of things? (I.E. New Tires, etc) I just want to be prepared not to shell out any more money.
P.S. I put down a refundable $500 security deposit.

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