End of Lease Options at Lexus of Royal Oak
Leasing A New Lexus
Many drivers decide to move their current Lexus lease agreement to a new model once it comes to an end. To reward their most loyal customers, Lexus offers a loyalty rate reduction of 1.5% when drivers choose to lease their next vehicle through Lexus Financial Services.
When returning your current Lexus vehicle and beginning a new lease agreement, drivers will set up a complimentary vehicle inspection with their dealership. This is to ensure that no repairs are needed prior to the vehicle’s official return date. Minor scuffs and wear may fall under acceptable use per the initial lease agreement.
Returning Your Current Lexus
Ending Your Lease
Drivers who choose to end their lease agreement won’t have to worry about jumping through hoops. Lexus makes the return process simple and straightforward. Drivers will still need to schedule an inspection with their dealership to ensure that no major repairs are needed prior to the vehicle’s return date.
Clarity & Transparency
The team here at Lexus of Royal Oak will do everything they can to help drivers return their leased Lexus vehicle. Drivers who are unsure of their next steps or need clarification on the timing of their inspection or return can reach out to our team for more information. Upon inspection, our technicians will be sure to note any repairs that need to be made before the vehicle’s return, and will help you schedule any necessary appointments.
Purchasing Your Current Lexus
Buy Your Lexus
At the end of their lease, many drivers decide they want to purchase their Lexus vehicle. Drivers who wish to buy-out their lease at Lexus of Royal Oak should contact our dealership. Our financial experts will inform you of the amount required for paying out the lease.
Lexus Financial Services can help drivers finance the complete purchase of their end-of-lease Lexus. Drivers can explore their available financing options by contacting Lexus Financial Services directly or via the finance department at Lexus of Royal Oak.