LEASING IS A GREAT OPTION IF YOU:
Want lower monthly payments
When you lease your new vehicle, you can have a considerably lower monthly payment compared to financing. How? This is because you're only paying for the depreciation of the vehicle over the lease term.
Like driving a newer car more often
Do you like having the latest and greatest? With a lease, you can get into a newer vehicle, more often, with all the updated technology and design.
Would like a short term commitment
Do you think your life circumstances could change, changing your vehicle needs? A lease allows more flexibility should your needs change.
BENEFITS
Limit personality liability in case of an accident (GAP Insurance)
Lower your interest rate using Multiple Security Deposits (MSDs)
Considerably lower monthly payments compared to financing
Get into a newer vehicle, more often, with all updated technology
Guaranteed and predictable future value
More flexibility if personal circumstances change
Always drive a vehicle that is under warranty
Only pay GST on what you use
WHAT HAPPENS AT THE END OF MY LEASE?
OPTION #1
YOU MAY LEASE OR FINANCE
ANOTHER LEXUS VEHICLE
OPTION #2
YOU MAY PURCHASE THE VEHICLE
AT THE LEASE END VALUE INDICATED
ON YOUR CONTRACT
OPTION #3
YOU MAY RETURN THE VEHICLE
AS PROVIDED IN YOUR LEASE
Frequently Asked Questions
Leasing with Lexus Financial Services allows you to secure the use of a Lexus for your preferred period (up to 5 years) and pay only for the value of the vehicle used during that time. It provides flexibility and the option to return or purchase the vehicle at the end of the term.
Lexus Financial Services offers Closed-end Leasing. The lease estimates and guarantees the vehicle's value at the end, and you assume responsibility for maintaining the vehicle's condition and staying within the agreed kilometre allowance. Lease payments are calculated based on the difference between the purchase price and the lease-end value.
The Lexus lease contains full disclosure and is written in plain language. All contract details and payment components are detailed upfront, ensuring clarity from the beginning to the end. Leasing Consultants at your Lexus Dealership can assist in clarifying any questions or concerns.
Lexus offers the Wear Pass, an excess wear and tear coverage designed to eliminate additional charges for unexpected damages exceeding normal wear or use at the end of your lease term.
Yes, Lexus Financial Services provides a Pre-Paid lease option, allowing you to pay the total lease obligation upfront and benefit from reduced finance charges and no monthly payments. This option lets you pay for the vehicle's value used during the lease term, offering flexibility and saving cash for other purposes.
The Lexus Lease is customizable. You can choose a Low Kilometre lease for fewer annual miles, purchase additional kilometres at reduced rates, make a down payment to reduce monthly lease payments, or provide multiple security deposits for a reduction in the interest rate. Additionally, if your Lexus is leased for a registered business, you may qualify for a tax deduction—consult your tax professional for details.
The Lexus Encore program rewards previous customers of Lexus Financial Services. Qualified guests may receive a reduction in the annual interest rate and a full waiver of the security deposit. To qualify, guests must have financed or leased through Lexus Financial Services within the last 24 months with a minimum of 12 months of activity. The program cannot be combined with other loyalty programs.
