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Originally Posted by dan_fitz
I think that it sounds like a pretty good deal. My wife has a '02 RX300 and the 4 year lease is coming to an end in a few months. That was $525 per month for 1,000 miles per month and nothing down. A few things to keep in mind - check into any costs at the time of return. Some leases can be costly at the end of the lease. Also, remember that you will be paying taxes of over $2,000 when you take this lease over. If you buy a new car, you can build the cost of the taxes into your lease. New model may also have a higher residual value making the lease less expensive.
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Dan,
Thanks for your reply. When you say "remember that you will be paying taxes of over $2,000 when you take this lease over", what exactly do you mean? Are you referring to any state sales tax charged by my state? What other costs should I check into at time of return? Thanks again.