Lexus Lease VS Buy Comparison In Santa Monica, CA

Are you interested in learning about another way to get behind the wheel of a brand New Lexus Model that doesn’t involve purchasing the vehicle outright? Would you rather own your vehicle? Drivers in the Santa Monica, CA area undoubtedly have different needs when it comes to a new car, and Lexus Santa Monica has the options and answers they need.

In this comparison, you’ll learn more about the benefits of Leasing and buying to see which route is the best to take to meet your lifestyle requirements. You can give our financial experts a call at 424-268-3735 with any questions regarding leasing or financing.

When to Lease A Lexus

When to Buy A Lexus

Who Owns It?

If you decide to lease a vehicle, you will not own it. The dealership holds the vehicle title for the entirety of your lease.

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.

Up-Front Costs

Typically, you’ll be asked to pay the first payment, security deposit, and any required state fees and taxes.

Up-Front Costs

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.

Future Value

Those who lease a Lexus won’t have to worry about the depreciation of the vehicle because they don’t own it. They may consider the vehicle’s future value if they plan on purchasing the vehicle after the lease has ended.

Future Value

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 lease payments come to an end, so does your lease. You’ll be required to pay the end of lease fees you agreed upon at lease signing as well as any damage to the vehicle that doesn’t fall under basic wear and tear.

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.

Start Your Lexus Lease or Purchase Today in Santa Monica, CA!

Whether you decide to LEASE, purchase, or Finance a Luxury Sedan, Crossover, or SUV from our Lexus dealership in Santa Monica, our financial experts can help you make the best decision and find a great deal for whichever option you decide on.

Check out our New Vehicle Inventory and Specials for a great deal on a finance or lease plan. For more information on financing give us a call at 424-268-3735 or Send Us a Message Online.