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Correct. 60days is the MAX to keep a car per NADA guidelines. The dealership that the lease is grounded at (dropped off at) gets 1st 1st shot too purchase. If passed on by grounding dealer, then goes to online auction that any Toyota/Lexus Dealer can buy from. If not sold via online auction, then it goes to the auction (actual physical auction).Eric
I am not in the car business. Please correct me if I am wrong. Also a Lexus dealership gets first opportunity to buy Lexus lease trade ins. Since there is Lexus open to only Lexus dealerships. Also when dealing with real estate/cars. Take into consideration the number of days on the lot. Typically the longer it stays in the lot the lower the price will go. Supply/demand curve. On avg after 60 to 90 days it gets sent auction.