Just bought my TL off the lease...
05-22-2009, 12:14 AM
#1
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Just bought my TL off the lease...
...because I still really like it. I had a lease for my TL (business write off), so I began looking at other cars months before the lease expired. I drove a bunch of new cars, but found the TL suited me more than a new 3-series, 5-series, Jag XF, G37, Lexus GS, etc.
No, I couldn't find a new 2008 TL-S, and no, I didn't consider the 2009 TL.
No, I couldn't find a new 2008 TL-S, and no, I didn't consider the 2009 TL.
05-22-2009, 09:01 AM
#5
Three Wheelin'
I'm thinking of doing the same thing when my 08 comes off lease in 2011. Were you able to negotiate a lower than stated buy-out price with your lienholder?
05-22-2009, 09:45 AM
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A lease on any other new car would have been much less money up front, though... 
Unfortunately, no- Wells Fargo wasn't willing to budge, even though I was under the mileage allowance. 
Now I need to go buy new tires and talk to the accountant about mid-year changes in business use deductions.
Now I need to go buy new tires and talk to the accountant about mid-year changes in business use deductions.
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05-22-2009, 10:18 AM
#9
What was the buy out price?
05-22-2009, 03:02 PM
#11
Congrats.. I just did the same... but my bank finally negotiated with me after playing hardball. They wanted 23k for mine, but I ended up getting it for a little over 19k @ 3.99% financing which was awesome for me because I was over mileage which I lied to them about.
After all said and done, with lease payments over the 3 years and by the time I'm done paying I will have paid $33xxx for the car. Which is what it would have cost me if I purchased it outright anyways in the beginning of 06.
Mine's an 06 w/ Nav btw.
After all said and done, with lease payments over the 3 years and by the time I'm done paying I will have paid $33xxx for the car. Which is what it would have cost me if I purchased it outright anyways in the beginning of 06.
Mine's an 06 w/ Nav btw.
05-22-2009, 04:15 PM
#12
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$17,800 to bank.
Now I have to pay sales tax on that to get the bank off the title.
Thanks-- I'm inclined towards and pricing the Yokohama Advan S4 through Tire Rack, Discount Tire, etc.
The other choices were the BS Pole Position 960 A/S and Michelin Pilot PS2, but users of both had mentioned flat-spotting.
I'd actually prefer a quiet but sticky tire that wears at around 30K miles-- longer wearing tires, like the MXM4s, seem to harden @ 25K and not have as much traction thereafter.
But I drive like grandma anyway and haven't yet autocrossed the TL.
Now I have to pay sales tax on that to get the bank off the title.
The other choices were the BS Pole Position 960 A/S and Michelin Pilot PS2, but users of both had mentioned flat-spotting.
I'd actually prefer a quiet but sticky tire that wears at around 30K miles-- longer wearing tires, like the MXM4s, seem to harden @ 25K and not have as much traction thereafter.
But I drive like grandma anyway and haven't yet autocrossed the TL.
Last edited by Will Y.; 05-22-2009 at 04:17 PM.
05-23-2009, 04:46 PM
#15
Congrats.. I just did the same... but my bank finally negotiated with me after playing hardball. They wanted 23k for mine, but I ended up getting it for a little over 19k @ 3.99% financing which was awesome for me because I was over mileage which I lied to them about.
After all said and done, with lease payments over the 3 years and by the time I'm done paying I will have paid $33xxx for the car. Which is what it would have cost me if I purchased it outright anyways in the beginning of 06.
Mine's an 06 w/ Nav btw.
After all said and done, with lease payments over the 3 years and by the time I'm done paying I will have paid $33xxx for the car. Which is what it would have cost me if I purchased it outright anyways in the beginning of 06.
Mine's an 06 w/ Nav btw.
05-23-2009, 06:00 PM
#16
05-23-2009, 06:31 PM
#17
Penfed credit union is who I took the loan through. www.penfed.org
05-23-2009, 10:32 PM
#18
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