Buying vs. Leasing from Metro Lexus
Whether you prefer to lease or buy a vehicle, metro Lexus has a variety of programs that make the pleasures of Lexus ownership a reality. Our financial experts can tailor a finance or lease solution that fits your driving habits and lifestyle. There are benefits on both sides of the buying vs leasing discussion, and the experts at metro Lexus have compiled a handy guide you can utilize to help you decide which one is right for you.
BENEFITS OF BUYING A LEXUS
EXCELLENT FINANCE RATES
We offer low finance rates with qualifying credit on our most popular Lexus models. With these special low finance rates, it may well be smarter to finance your new Lexus, even if you were planning on paying cash for the entire purchase.
AFFORDABLE PAYMENTS
Along with low interest rates, we have loans available for up to 72 months -- suiting many buyer’s needs. Using our estimate payment tool is a great way to help you choose the financing options that work best with your budget.
FLEXIBILITY
When you purchase a Lexus, you have the luxury to drive as many miles as you’d like without being concerned about mileage overage fees. Since it's your car - you also have the freedom to modify or customize your vehicle with aftermarket parts or accessories to match your style.
OWNERSHIP EQUITY
Once you’ve paid off your vehicle it's 100% yours. You can leverage this equity as a down payment for your next vehicle.
BENEFITS OF LEASING A LEXUS
NO EFFECT ON TRADE-IN
What will this new Lexus be worth in 3 years? Who knows what the market may bring. But when you lease, you don’t have to worry about any of that. At the end of your lease contract you simply return the vehicle and choose a new one. Let the bank lose sleep over the vehicle's future value.
FLEXIBILITY
As your lifestyle changes, leasing allows you to choose a different model every 2-5 years (the duration of your lease). Rest assured that at the end of your lease you will have options. Our LEASE-END PROGRAM even allows you to get behind the wheel of a new Lexus before your current lease expires.
AFFORDABLE LEASE PAYMENTS
When you lease a vehicle, you’re not paying for the part of a vehicle’s life you won't be using. A new Lexus may last for 10 years, but your payments are only based on the 3 years that you will be using it - saving you money! To save you more money, we offer Low Mileage Leases, 1-Pay Leases and Multiple Security Deposit Programs allowing you to maximize the financial benefits even further. Ask your financial expert how you can benefit from these programs.
LOW COST REPAIRS
Leased vehicles typically spend the entirety of the lease within the factory warranty period - so if anything goes wrong, you're covered! Choosing to add Excess Wear & Use Protection for the duration of your lease gives you additional peace of mind when it comes to unexpected maintenance needs.
Frequently Asked Questions About Buying or Leasing a Lexus
When is the best time to lease a vehicle?
We recommend leasing a vehicle right after the model year is introduced. The reason being the residual value will be at its highest which means there’s a high chance you’ll save money on the depreciation cost. Your financial expert can provide you with the most current information on available specials and incentives to help you identify which is best for your situation.
If you have saved enough money for a large down payment, should you buy or lease?
The down payment will not only contribute to keeping your monthly payments low but will help you pay off your vehicle more quickly. Placing a large down payment on a purchase can bring your monthly payment to a level similar to that of a lease.
If you prefer the latest technology in your vehicle, should you buy or lease?
Lexus vehicles offer cutting-edge technology such as sleek touch screens, advanced navigation services and smartphone compatibility. If having the latest technology in your vehicle is a priority, we recommend leasing. Our lease agreements last 2-5 years so you will be driving with the latest technology features.
If you have a long daily commute, is it better to buy or lease?
It’s important to remember the majority of lease contracts have a specified mileage limit. It can, however, be increased or decreased in order to accommodate your driving needs. If you have a long daily commute, purchasing the vehicle is often the best financial choice.
Can you buy the vehicle at the end of the lease?
If your lease is coming to an end and you’ve fallen in love with your Lexus, then why change vehicles? The lease contract will include the price at which you can purchase your leased vehicle upon the lease ending.