Lexus Lease vs. Financing

You've decided to buy a luxury car and chosen the Lexus brand. You're off to a great start, but you're not done yet. One of the most important decisions you'll need to make is getting financing or a Lexus lease for your next automobile. Keyes Lexus explains both routes' pros and cons.

Financing

Financing a new Lexus vehicle means having free rein to put as many miles on it as you like and to customize and accessorize it as much as you want. Also, a lot of our customers choose to finance because they want to build equity: that is, to keep the car for a long time, pay it off, and then drive payment-free. And when it comes time to sell, a strong return can be expected. Another upside to financing is not worrying about dents, dings, and other minor repairs. You can take the vehicle on a thousand-mile trip or go off-road every weekend without feeling like the meter's running.

Financing does have a few downsides, however:

• A larger down payment to lock in lower monthly payments.
• Depreciation over time, although the Lexus brand holds its value better than most.
• The need to sell or trade the vehicle once you decide it's time to move on.

Leasing

Leasing a car offers plenty of flexibility - specifically, the ability to drive a new car every few years. When your lease is up, simply visit our Lexus dealership near Beverly Hills, CA, and pick the latest variant of your current vehicle, or try something else altogether.

Another reason to lease is if you want to pay less money upfront. Leasing is usually less expensive because there is a low - or, in some cases, no - down payment, and your monthly payments are lower because you're only financing a portion of the car's total value.

Like financing, leasing has some disadvantages.

• You don't build equity in the car.
• You have restrictions on wear and mileage and will pay penalties for exceeding either.
• Those with lower credit scores may find qualifying difficult.

Explore Lexus Lease and Financing Options in Van Nuys, CA

Choosing between leasing and financing can be difficult, with several advantages to each scenario. But when you meet with the experienced team at Keyes Lexus, we'll get to know your goals, help you crunch the numbers, identify Lexus financing offers, and assist you with choosing the best path.