Should you Buy or Lease a Lexus Vehicle at Keyes Lexus?

There are many things to consider when purchasing a luxury car at Keyes Lexus. What type of vehicle works best for your lifestyle? What's your budget? These are just a couple of the questions you need to answer. Another thing our customers ask us about frequently is whether they should buy or lease a new Lexus car. It's a common question, and it's one that our Van Nuys, CA, Lexus dealers can help you resolve.

When You Should Lease

When the team at our Lexus dealership near Beverly Hills, CA, chats with customers, most of them already know about one benefit of leasing: a lower price. When you lease a Lexus car, you're technically only paying for the portion of the vehicle that's used during your lease term. This translates to a smaller down payment and lower monthly payments. This makes leasing a great option for people on tight budgets. Another perk of leasing is that you can pick out a brand-new Lexus model when your lease term ends. So if you're the type of driver who likes upgrading to get all of the new safety and tech features, leasing might be right for you.

When You Should Buy

If your budget isn't a huge concern, our Lexus finance department might recommend that you consider buying your car outright. When you buy instead of lease, you will own the Lexus vehicle in full once it's paid. This is a good financial decision because it helps you build equity and improve your credit score. Buying a car is also a good option for drivers who like to customize their vehicle or who tend to put an above-average number of miles on it. When you lease, most dealerships add provisions to the contract that prohibit you from making changes to the vehicle, including custom rims or paint jobs. Similarly, there's usually a cap on the number of miles you can put on the leased Lexus car. So if you have a long commute or love taking cross-country road trips, then buying is probably your best bet.

Financing a Lexus Vehicle at Our Dealership

If you want to learn more about our leasing process, visit Keyes Lexus today. Our dealership is located at 5905 Van Nuys Boulevard, and our Lexus dealers serving Los Angeles can't wait to show you our lineup of luxury cars and SUVs.