The Most Common Misconceptions About Lexus Leases

As vehicles get more expensive, the popularity of Lexus leases continues to grow. Leasing a vehicle is a great way to drive something brand-new without breaking the bank. It also gives you the freedom to swap vehicles every few years depending on your preferences. Here are some of the most common myths we hear at Lexus of Valencia concerning leases. Visit us today to learn more!

You Can Only Drive Limited Miles

It's true that standard leases usually have a mileage limit that ranges from 10,000 to 15,000 miles per year. However, there are also high-mileage leases that you can negotiate for. High-mileage leases, as the name suggests, allow you to drive extra miles each year if you plan on using the vehicle for work or anticipate driving more miles annually.

You're Stuck For the Entire Lease

Many people believe that you need to complete the entire leasing period before you can get into another new Lexus vehicle. In reality, there are lease buyout clauses that allow you to either buy the car outright if you like it or enter a contract for another leased vehicle. Be sure to talk to our finance experts about a lease buyout.

You'll Be Charged For All Minor Damage

You may be concerned about leasing a vehicle and being charged for wear and tear upon its return. However, leases typically account for normal wear and tear, and some depreciation is expected. If you modify your vehicle or have any major damage, you will be required to pay wear-and-tear fees upon returning the car.

Buying is Always Better than Leasing

Some customers believe that an outright purchase is the best way to acquire a car, as it provides full ownership. However, leasing can be a great option for individuals who frequently want to upgrade to the latest models. You'll pay less for your vehicle each month, but it's more expensive overall.

Find Your Next Lexus Vehicle in Valencia, FL, Today

If you have any other questions about the leasing process, contact our Lexus dealership in Valencia, CA, today. We also have a range of new Lexus offers that can help you save money on your contract. Contact us to learn more or schedule an appointment.