Leasing vs Buying

Drivers in Mamaroneck know that informed car buyers get better deals. But what about leasing a Lexus? If you’ve ever asked yourself, “Should I buy or lease?”, or if you have questions about the difference between the two, the finance center at Ray Catena Lexus of Larchmont is here to help. Ultimately, the answer depends on your car and financial needs. We’ll explain the basic differences between leasing vs buying a new car so you can decide which is best for you.

Benefits of Leasing a Lexus

• Your down payment and monthly payments should be lower when you lease a Lexus, compared to when you take out an auto loan. New Rochelle sales taxes will also be lower since you don’t own the car outright.
• It’s relatively simple to trade your first lease in for your next lease. Just pay any remaining fees on your old car and choose your next lease.
• You aren’t stuck with the negotiating involved in trading or selling your old leased vehicle.
• Stay up-to-date with new models when you lease. Most lease contract last around three years, making it easy to upgrade often.
• If you stay under your mileage limit, your warranty coverage will protect your car.
• It’s easier to get approved for a lease than it is for a car loan. Even if your credit has taken a hit, you can still drive a reliable new car in Bronx.
• If you’re looking to save even more money, Lexus leases L/Certified cars.

Benefits of Buying

• The car belongs to you for as long as you like. You don’t have to return the car to the dealership.
• There are no mileage limits when you own your Lexus.
• Buying gives you more customization options.
• Sell or trade your car whenever you’d like. It belongs to you, and you’ll get the cash if you sell.
• It’s a bit easier to learn how to finance a car. You can even apply for financing online.
• Over time, because you will likely keep a car you own longer than one you lease, you will save money.

Ray Catena Lexus of Larchmont Has Lexus Finance Deals!

Whether you decide to lease or buy, Ray Catena Lexus of Larchmont will help you get a Lexus that best fits your finances. Check our new car specials to get started in finding your Lexus.