Buying vs. Leasing a New Lexus in Michigan
When you’re in the market for a new Lexus and considering the most cost-effective way to get behind the wheel, leasing emerges as an outstanding option. Serra Lexus Lansing has helped countless shoppers discover that leasing a car offers many of the perks of ownership without the long-term commitment of traditional car ownership.
Wondering if leasing is right for you? We’ve compiled some of the most compelling reasons to lease vs. buy a Lexus below. Read on, then reach out to our Lexus dealer near Haslett to work with one of our specialists and determine the best choice for your needs.
Why Choose Leasing for Your Next Vehicle
At Serra Lexus Lansing, we cater to those who appreciate the finer things in life but also value smart financial decisions. That’s where leasing comes in. Here are some of the best reasons to lease a car:
- Easily keep up with today’s evolving car market. Leasing a new Lexus is an opportunity to indulge in the newest advancements in automotive technology without straining your finances. This allows you to better keep up with the latest safety, comfort and performance features that are constantly being introduced in the latest Lexus models.
- Get more car for less money. One the most significant benefits of leasing a Lexus is that you’ll enjoy lower monthly payments compared to a traditional auto loan for a comparable car. That’s because with leasing, you’re essentially only paying for the depreciation incurred during the time the car is in your possession; this differs from financing, where you’re paying for the full cost of the vehicle over the period of the loan.
- Simplify the ownership experience. Lexus lease agreements are typically two or three years. During that time, your Lexus factory warranty is in full effect, and you may also benefit from pre-paid maintenance plans and other similar perks. These incentives often take the financial burden off the lessee when it comes to both routine Lexus service and any unexpected repairs. And because you’re only driving the car for a couple years, you’ll likely never need to worry about consumables like brakes or tires.
Is Financing a Lexus Right for You?
An alternative to leasing a new Lexus, financing your next new Lexus RX or NX model might be a better choice if you're looking for less restrictions and more freedom through ownership. Buying a new car vs. leasing it eliminates the particulars of a lease agreement and leaves mileage, customization and maintenance in your court. Additionally, you build up toward full ownership of the vehicle by making monthly payments toward an auto loan vs. pre-determined lease payments.
If financing a new Lexus ES sounds up your alley, consult with our experts today and see why buying vs. leasing your vehicle might be the more ideal situation!
Compare Buying vs. Leasing Benefits
Financing a New Vehicle
- Ownership: Secure full ownership and have the car's title
- Mileage Limits: Drive without mileage concerns
- Down Payment: Often requires a larger down payment
- Monthly Payments: Expect higher monthly payments due to purchasing
- Vehicle Maintenance: Take on responsibility for non-warranty repairs
- Customization: Personalize your vehicle as desired
Leasing a New Vehicle
- Ownership: Temporarily use your new vehicle with an option for an upgrade when the lease ends
- Mileage Limits: Face mileage limits based on your lease agreement
- Down Payment: Lease agreements usually feature lower initial costs
- Monthly Payments: Often enjoy lower monthly payments through leasing
- Vehicle Maintenance: Maintenance must adhere to dealership guidelines
- Customization: Limited to no customization permitted
Sign a Lexus Lease in Lansing Today
Whether you’re looking to sign your first car lease or explore other available leasing opportunities, Serra Lexus Lansing makes the journey effortless. Driving a new Lexus should be an expression of your sophisticated taste and lifestyle, and our lease offerings -- including easy Lexus lease returns and lease extensions near Haslett -- allow that expression to endure. Contact us today to learn more about our lease options and see why now is the time to sign a Lexus lease in Lansing.