You’ll be pleasantly surprised to find out just how affordable a new Lexus RX SUV crossover or a Lexus IS sedan can be. We strive to work with each customer to ensure their satisfaction. You can save time now by using our quick pre-approval form to qualify for one of our finance programs. We are always happy to answer your questions, so please don’t hesitate to contact us today!
We Work with Your Credit
We want you to feel the pride we feel about owning a Lexus or the car or SUV make and model you’ve been yearning for. Don’t worry is your credit isn’t as pristine as a brand new Lexus ES sedan. We want to work with you and offer you a flexible financing option for your credit situation and financial needs. We have strong working relationships with a variety of financial institutions, and our experts make the financing or leasing experience as simple for you as possible.
Financing Vs. Leasing
It can be confusing, but doesn’t have to be. Your auto finance choices are broader than ever, with various terms, great rates, and leasing options.
When you buy, you pay for the entire cost of a vehicle, regardless of how many miles you drive it or how long you keep it. Monthly payments are higher than for leasing. You typically make a down payment, pay sales taxes in cash or roll them into your loan, and pay an interest rate determined by your loan company and based on your credit score. You make your first payment a month after you sign your contract. Later, you may decide to sell or trade the vehicle for its depreciated resale or trade value.
When you lease, you pay only a portion of a vehicle’s cost, which is the part that you “use up” during the time you’re driving it. Leasing is a form of financing and is not the same as renting. You have the option of not making a down payment, you pay sales tax only on your monthly payments, and you pay a financial rate, called money factor, that is similar to the interest on a loan. You may also be required to pay fees and possibly a security deposit that you don’t pay when you buy. You make your first payment at the time you sign your contract for the month ahead. At lease-end, you may either return the vehicle, or purchase it for its depreciated resale value. You may be charged a lease-end disposition fee.
As an example, when you lease a $20,000 car that will have, say, an estimated resale value of $13,000 after 24 months, then you only pay for the $7000 difference (this is called depreciation), plus finance charges, plus possible fees. You return the car at lease-end, or buy it to own it.
When you buy, you pay the entire $20,000, plus finance charges, plus possible fees. You own the car at the end of your loan, although its value is less than the $20,000 you initially paid. Whether to lease or purchase your vehicle is a matter of personal preference. Buying means you pay the full purchase price plus taxes up-front. Leasing is a very popular alternative because it generally results in a lower monthly cost than a financed purchase.
Here are some key factors to help you determine whether leasing or purchasing is a better option for you:
|What is most important to you…||Leasing||Buying|
|Lower monthly payments||Yes|
|Lower up-front costs||Yes|
|More “car” for your monthly payment||Yes|
|Driving your vehicle for many years||Yes|
|A new vehicle more often||Yes|
|No restrictions on Kms||Yes|
|Less resale or trade-in hassles||Yes|
|No wear and tear restrictions||Yes|
|The freedom to alter the vehicle’s appearance||Yes|
|Let’s see how the numbers work:||Leasing||Buying|
|Balance to Finance||$45,000||$51,750|
|Lease End Value||$20,000||N/A|
Fill out our simple, straightforward car loan application form and one of our expert Financial Service Representatives will contact you shortly.
We’ll guide you through the process and ensure that shortly afterwards, you’re driving your new Lexus home.