When Should You Buy Or Lease A New Vehicle?

When You Should Lease

One of the key factors of leasing is the down payment. It's lower than if you buy new, and you'll incur lower monthly payments. With a lease, you'll be contracting the vehicle for a specific amount of time, therefore your monthly payments are lower than if you purchase new Lexus cars outright. You'll also get bumper-to-bumper warranty during your lease and will only have to cover the maintenance costs, and you'll avoid the depreciation that comes with new car purchases. One of the best reasons to lease from our Lexus dealers near Green Cove Springs, FL and Valdosta, GA is the fact that you can upgrade every few years to a new Lexus vehicle at the end of your leasing term, or just turn your vehicle in without the hassles of trying to sell it.

For further insight into your decision, contact our finance department at Lexus of Orange Park and we'll help you every step of the way.

When You Should Buy

There are many advantages to buying your new or pre-owned Lexus vehicles. The key advantage is ownership and the perks that come with it. After you've made the last of your monthly payments, the vehicle is all yours. You can sell it if you want, trade it in, or just keep driving it as long as you want. It's all yours. Another perk of ownership is the lack of restrictions. When you buy your new Lexus vehicle, you can pad on all of the accessories and modifications you want, or customize the vehicle however you like, and you're not bound to any mileage restrictions as you are with a lease. You'll also build up equity, which is handy if you decide to sell the vehicle or trade it in.