My issue with leasing is that I don't feel like I own it (which I don't - i'm basically renting it). This in my mind is throwing away money. It just doesn't sit right with me, I know it's popular and cost effective but I dunno, I don't like always knowing that I've got that monthly payment.skeet50 wrote: ↑Jan 6th, 2019 8:48 amYour payments will depend on any amount you put down and the financing terms. Without any money down, your payments will be somewhat high. $32K financed for 4 years is $8000 a year plus interest.
It's a nice vehicle. You have to ask yourself how much are you willing to pay for a vehicle that will hardly be driven? You could easily lease something brand new with a low kilometre allowance each year for a much lower payment and have full warranty.
That's what I'm thinking, looking at a purely monthly cost, the NX will be around $475 a month to finance whereas a new RDX will be about $875, so the difference is only $400 a month ($4800 a year, $19200 over the 4 years) which is a lot, but its not a lot overall if I look at the life of the vehicle (lets say 10 years)?alanbrenton wrote: ↑Jan 6th, 2019 8:51 amI think it wasn't until 2017 that the NX got the DRCC as an optional equipment, which is odd because we got it on our 16 RAV4H as part of the technology package. I think the auto emergency braking is over-rated and I've seen it only light up thrice and only brake once though I don't drive the RAV4H as often as my wife and daughter.
Buy what you want. $23k over 10 years (your potential holding period) is a pittance for most households. You can also go CPO for the RDX or QX50 to make comparison more fair.
Don't go with the 1.5T CRV unless you are comfortable risking the motor oil dilution many have been experiencing.
Their initial plan was to buy out the car at the end of the lease; but they swore off Lexus because of the infotainment system. My dad lacks fine motor control (nerve damage) in the first three fingers of his right hand and a tremor and that trackpad is a lesson in patience lol.
I did this and the buyout we're pegging at around $32K, on AutoTrader it looks like similar vehicles with higher mileage are going for about $35K. Some are considerably more, but they have higher trim packages. So realistically, we think we could get $35K if we were to sell the car, but to buy it, hold it and then sell it to only make $3-4K seems like an awful lot of work, i've never sold a car before so it seems even more daunting, and then having to deal with Kijiji weirdos.peteryorkuca wrote: ↑Jan 6th, 2019 2:06 pmLook up the used with similar options and kms in autotrader. If it's more then your residual + admin fees by few thousands, then transfer/buyout/take ownership whatever and sell it or keep it down the road when you have the car in your possession.
If used cars in autotrader is cheaper then the residual, just return it and forget it.