When you shop for a car here at Keyes Lexus, you have plenty of options. Even once you settle on a model like the impressive 2018 Lexus IS 300, you still have some choices to make. Do you want extra features? Do you need some accessories? Perhaps most importantly, do you want to buy or lease? If you decide to lease a car, here are a few things that you need to know.
When you lease a vehicle, you’ll have to put money down at lease signing and then pay a monthly fee for as long as your lease lasts. A typical vehicle lease term lasts around two to four years. This may sound similar to financing a car and getting a loan at first glance, but there are some big differences.
The biggest one, and potentially the deciding factor for many drivers, is the mileage limitations. When you sign a lease agreement ,you can usually only drive a certain amount each year. It’s usually around 12,000 miles. Past that point, you have to pay some extra fees. Do you have a lengthy commute? Do you love long summer road trips? Then a lease might not be ideal for you. On the other hand, many leases can cover routine maintenance for your vehicle. That can make driving a leased vehicle less expensive compared to driving a purchased one.
When your lease is done, just turn in your Lexus vehicle. Some drivers decide to buy their car. Others end up leasing another new vehicle. Whichever choice you decide on, we’ll make it easy to drive away in the luxury car of your dreams!
When you’re ready to lease a dependable luxury vehicle, visit our Lexus dealership near Los Angeles. Our dealers can help you find the perfect car and our Lexus financing experts are ready to help at every step of the way. We hope to see you soon for a test drive!