When to Buy a Lexus
Who Owns It?
If you pay for the vehicle in full, out of pocket, you own the vehicle. If choose to finance the vehicle, you’ll own it once you’ve fully paid it off.
A down payment is required for an auto loan, which is to be decided by you and the dealership. You will also need to pay any additional state registration fees.
A vehicle depreciates in value as time goes on, so when you own the vehicle and would like to sell, every imperfection is taken into consideration for the vehicle’s value. On the other hand, you have the freedom to sell it wherever and whenever you’d like.
End of Payments
Once your payments are complete, you will own your vehicle. You can freely drive it for as long as you’d like or trade it in at our Lexus dealership in Santa Monica.