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Originally Posted by celstu1  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? |
One of my friends checked both the Lexus and Audi and was disappointed in the high monthly lease payments. He went to the BMW dealer which was offering the 2011 328Xi at $475 a mth -- 26 mth lease, service included! He called for my advice and here's what I said "Do not pass up that deal because it's significantly LESS than I am paying for the same car!". He went with the BMW.
Car shopping is no fun but stick with your budget and GOOD LUCK!