Lexus Lease-End Options

Parked 2020 Lexus ES

Coming to the end of your Lexus lease? Know that you have a variety of Lexus lease-end options when the time comes. At the Lexus Santa Monica finance center, you can have your questions answered as well as be on your way in a new vehicle in no time at all. Reach out to our team to learn more after checking out our helpful Lexus lease-end guide. When you’re ready to go over your lease-end options, don’t hesitate to contact us. Your end of lease options include:

  • Buy your vehicle at the residual value
  • Trade-in your current model for a new Lexus vehicle
  • Return the vehicle to our Lease Return Drop-Off Center

Research Lexus Lease Return – What Are Your Next Steps?

Not sure whether buying your lease or leasing a new Lexus is the better option for you? We’ve laid out a few pros and cons of each to help you decide which might be the better option for you and your driving needs:

Buying Your Lease:

  • Buying out your end of lease Lexus means customizing your vehicle to your liking. You can make the modifications you like and accessorize to your heart’s content.
  • You will either need to purchase an extended coverage contract with our finance team when you buy out your lease or you’ll feel perfectly fine knowing your car is outside of the original factory warranty.
  • You’ll have access to regular finance incentives such as our new vehicle specials, but you can purchase an extended coverage plan with our Lexus Business office. If you turn your lease in and decide to go with a different manufacturer, you will get a disposition fee mailed to you from LFS.

Leasing a New Model:

  • Leasing a new Lexus means a new model year with new Lexus technology.
  • You’ll always be covered under warranty and can pre-plan your vehicle expenses. This helps drivers better estimate vehicle costs.
  • The disposition fee is waived, your new lease includes GAP coverage, you get to take advantage of lower rates for being a returning Lexus lease and Tax Benefits may apply for businesses.

Lexus Lease Return Inspection and Requirements

Should you decide to turn in your vehicle when the Lexus lease return ends instead of buying it outright, you’ll need to have the vehicle inspected. This is to check for excessive wear on the vehicle. Our Lexus lease and sales consultants, along with our Lexus service technicians, offer a complimentary walk-around “inspection” where we can help to identify any potential problems or areas that may be considered “excess wear” before you turn in the keys to your Lexus. This can be scheduled ahead of time. So, what is considered excessive wear and use on a Lexus lease? Learn more here:

  • Cuts, tears, burns or stains that are larger than a credit card
  • Missing keys, remotes, mats, tonneau covers, books or other accessories that came with your new Lexus
  • Inoperative or broken parts and equipment
  • Modifications made to the vehicle not outlined in the lease
  • Damaged tires or wheels
  • Tires that do not match or meet the manufacturer’s guidelines
  • Damage or cracks in the windshield, windows, mirrors or lamps
  • Scratched or dents larger than a credit card or anything that penetrates the paint
  • All original Lexus parts and accessories must be present when you return the vehicle. This includes floor mats, vehicle manuals, extra keys, spare tire, and any other equipment that was present at the time of purchase.
2020 Lexus NX driving on a bridge

Review Lease-End Options at Lexus Santa Monica

The final step is to finalize the paperwork at our finance center. No matter if you want to learn more about your Lexus lease-end process, other lease options, or you’re ready to get behind the wheel of a new Lexus, we can help. Contact Lexus Santa Monica to get the process started.

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1501 Santa Monica Boulevard • Santa Monica, CA 90404

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Lexus Santa Monica

1501 Santa Monica Boulevard Santa Monica, CA

Phone: 424-229-9998

https://goo.gl/maps/15GrRLU65x4uxCjz5

Parts

Phone: 424-231-0846

1501 Santa Monica Boulevard Santa Monica, CA

Sales

Phone: 424-229-9998

1501 Santa Monica Boulevard Santa Monica, CA

Service

Phone: 424-231-0846

1501 Santa Monica Boulevard Santa Monica, CA
34.0252712 -118.4868732
Lexus Santa Monica 34.0252712, -118.4868732.