Should You Finance or Lease Your Lexus?

If you've decided on a Lexus, congratulations are in order. You've made a wise decision on a luxury vehicle to enjoy for years to come. Many customers at Lexus of Arlington are often undecided about whether they should buy or lease. There's no simple answer. We'll be happy to provide the benefits of each, so you'll be able to make the best decision for your needs and budget. If you haven't checked out our Lexus selection, it's a great time to stop by our dealership in Arlington Heights, IL to scope out our newest arrivals.

Buying a Lexus

Buying a Lexus provides you with significant benefits. You'll own the vehicle, and it's yours to sell or trade-in when you're ready for a newer model. Car loan terms are typically more flexible for those with credit challenges, so this can open a window of opportunity for many buyers. You'll also be able to customize your Lexus to your liking, and you won't have to worry about any added charges for wear and tear.

Many lenders also offer up to 72 months for repayment, so you're able to get a reasonable monthly payment with a lengthier term. Finally, financing incentives are available for well-qualified buyers, and they can save you a significant amount of money throughout your loan. If you love the idea of keeping your Lexus around for many years to come, buying is a great choice.

Leasing a Lexus

Leasing a Lexus offers several advantages as well. Leasing is useful for those that like the idea of getting the latest and greatest in technology, safety features, and the luxury that a Lexus provides. Most lease terms are from two to three years in length. You'll agree to make payments for exclusive use and enjoyment of your Lexus.

Lower down payment options and monthly payments are often available with Lexus leasing offers. When you're finished with the lease, simply return the vehicle for a new one or terminate the lease agreement. Leases are typically offered for customers with excellent credit.

Our team here at Lexus of Arlington would love to see you for a test drive to check out our latest models. Get in touch with us for an approval for a loan or lease on a new Lexus, today. We look forward to seeing you soon!

Categories: New Inventory, Finance
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