Lexus Lease vs. Financing: Choosing Which is Right For You

If you're shopping for a vehicle as luxurious as it is reliable, the Lexus brand is a natural choice. However, deciding whether to finance or initiate a Lexus lease can be challenging. With the help of the Lexus of Valencia team, that choice gets easier. We'll help you weigh your lifestyle, budget, and personal feelings about car ownership to decide what fits you best.

Financing

Financing one of our new Lexus cars offers several advantages. Pride of ownership is a big one - many car buyers want a chance to pay off their vehicle and enjoy the freedom of driving without a car payment. Also, when you finance a car, you can drive it as much as you like without restrictions. You'll also have the advantage of saving money in the long run (vs. leasing) and building equity. This means that when it's time to sell, you'll reap an excellent return whether you sell the car privately or trade it in at our dealership.

One of the downsides of financing a vehicle is that, at least initially, it's a more expensive proposition than leasing if you want to keep prices low. Some buyers also balk at common concerns like reselling, depreciation, and feeling they're committed to a vehicle for longer than they may like.

Leasing

A significant upside to leasing is flexibility -the chance to drive a new car every few years. This applies whether you want to sample different models or if a lifestyle change necessitates a new body style. Another leasing plus is that the typical lease term is three years, so your maintenance needs will be far simpler - and fewer - than with a vehicle you owned for longer. Also, with a lease, your monthly payments will be lower because you only cover a portion of the car's total value.

Perhaps the biggest downside of a lease is that you ultimately won't own the car. You simply turn the car in when the lease ends without building equity. Many drivers also find that limitations on yearly mileage and wear are too restrictive. 

Let's talk Lexus Leasing vs. Buying in Valencia, CA Today

Start your search by visiting our Lexus dealership near Santa Clarita, CA. Browse the extensive selection at Lexus of Valencia, pre-qualify for financing, explore Lexus lease offers, and remember that we're here for your questions at every step in the process. We look forward to serving you!