I am planning to buy out my IS250AWD at the end of the lease. The dealer (Lexus of Ann Arbor) wants to charge $500 for title transfer / admin fee. I called Lexus Financial and it appears that if I set up my own financing (or cut a check) then I do not need to go through the dealer. Anybody has experience with that?
Also, my buy out price is $20k for a November 2007 IS250AWD with 27,000 miles in great conditions. Looking at autotrader and other websites the car with that mileage is going for $25k. This buy out seems a good deal. Opinions?