We went back to the Lexus dealership yesterday just to let them look at my car (an Accord) and took the car back out for a spin. The car is SWEET, no doubt about it. They came back with a 36 month lease, $2600 down, $678/month with an option to buy of $31,000 at the end of the lease. I did the math and I'd be paying out $58k for a $50k car. Thats kind of crazy. I did not try to haggle or talk them down at all since I still have more cars to check out in the next week or two before I decide to do it or just to keep my car. I am disappointed that they started THAT high though. I see a $550 a month car payment, everything else the same, as feasible. I'd be paying about $53500 for the car that way, which is still 6.8% more than the MSRP.
What do you think is feasible on a car like that?
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