Torque and Chrome

i just leased a 2009 lexus is250 w/ the luxury package for $400 a month and $1500 down is that a good deal?

car includes chrome wheels, voice activated navigation, rear-backup camera and other cool features.

Public Comments

1. yea!!
2. Yea seems pretty good since I saw a commercial to lease a lexus for $500!! Which is way too much I mean it was probably a 2010 but an '09 is nice
3. Sounds like a great deal....and you didn't even break the bank...lol
4. Leasing is never a good deal. It is a glorified car rental program. At the end of the contract you have nothing to show for yourself. You would do better to save up and buy a used Lexus. Drive it for a few years and continue to save. Sell that car and add your savings and get a newer used car. All the things you mentioned that you are renting could be added to a used Lexus easily. Buy a used IS300, put in a double-din navigation unit (pioneer), blue tooth adapter kit (pioneer), backup camera and chrome wheels and save yourself a lot of money.
5. Actually, you do have a lot to show for yourself by leasing. You're smart for not owning a depreciating asset, you're smart for having a car under warranty, you're smart for not paying as much money out of pocket to keep the thing going, and you can get the latest and greatest in technology more frequently.
6. in my opinion that sounds fantastic! Can you tell us who gave you that deal????? Did you have to negotiate for hours, days .... weeks .... or just 10 minutes? I look at these all the time .... I think you got totally hooked up on this car ..... GREAT!
7. Answer to your question: $400 a month with $1500 down for an '09 IS 250 is an ok deal. I would look at the final price of the vehicle and also at the Money Factor on the lease. Personally, I had to look at the pros and cons of leasing vs buying and decided buying the car was the wiser thing to do with my money. I bought an '08 IS250 RWD with all the same features you've bought it with (only missing features are memory seats and the Mark Levinson sound system). I did not lease, and my monthly payments with $0 down for 72 months at 3.9% APR is $598. An argument against leasing: While the pros of leasing is that you'll have a new car, under warranty, not owning a depreciating asset and having the latest and greatest, think about this: You'll ALWAYS have a car payment. By not leasing, yeah, you'll be paying more out of pocket for 5 or 6 years, but then after it's all said and done, NO more car payments!! After all, a Lexus is a Toyota with good reliability history, so it's not like you're buying a German make. The money saved in the long run is always worth it!