I am currently negotiating an end of lease buy out. Lexus Financial Services is telling me that because I live in Florida, I must go through a dealer to arrange for the purchase. My car is a 2006 GS 300 V6 RWD with the Nav and Mark Levison audio system upgrade package. The car has 47,890 miles on it. My lease allows for 48,000. The residual value on the car is 21,800.72. NADA retail value is around $24K. This is what the dealer that I am working with is telling me.. To purchase the car I have to pay: $21,880.72 Puchase option amount. $300.00 Fee for the preparation of paperwor
I am at the end of my Lease. I'd like to hear some opinions on whether or not I should by the car.... My car is a 2006 / GS 300 4-Dr Sedan 6 Cyl. RWD(has Mark Levison Sound System, Nav System, Rear Camera, Moonroof, etc.) I have 47,600 miles (my contract allows 48,000). My lease is up June 1, 2010. The buyout at lease end is $21,802.72. Is this a wise decision?