How to Buy Out Your Lexus Lease

Given how the Lexus brand signifies style and luxury, you may not want to give up your vehicle when your Lexus lease is up. Thankfully, you can buy the vehicle from our dealership once your lease ends, letting you keep the car while continuing to work with the same financer. If you want to learn how to buy out your Lexus lease, consider these steps courtesy of Keyes Lexus.

Know the Price

When you sign a Lexus lease, you agree to pay a residual value if you decide to buy the lease out. This value is listed in your contract, so check to see what you'll owe on the vehicle regarding the car's value. You'll also need to consider buyout fees and other applicable fees and taxes, each of which should also be listed in your lease terms.

Contact Us

Our Van Nuys Lexus dealership is happy to help you prepare for a lease buyout. Contact our finance department in the months leading up to your lease's termination so we can review all your options and answer any questions about the process. This is also an excellent time to schedule Lexus service, so you're starting your ownership experience with a clean slate.

Settle Your Accounts

If you have missed a lease payment or owe outstanding late payment fees, settle them before asking about lease buyout options. Make sure your lease is in good financial standing before inquiring about buyout options.

Plan for Lexus Financing

Your financial institution can set up financing once you buy out the vehicle if desired. Many offer lease buyout loans, which you can transfer to your Lexus car immediately at purchase. Contact them ahead of time to get a quote and explore financing offers.

Transfer the Vehicle

Once you have a planned buyout and financing, it's time to purchase the vehicle. This operates as any vehicle purchase would, including transferring the registration and title to your name.

Explore Lexus Lease Options in Van Nuys, CA

If your Lexus lease is about to end and you want to keep the vehicle, contact your financer to learn more. We're as happy to help when your lease ends as we were at its inception. Schedule an appointment with our finance team today to discuss which options fit your situation.