Leasing Vs. Financing
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. Unless you have cash in hand, you will likely need outside financing help. Leasing is an extremely popular alternative because it generally results in a lower monthly cost than a financed purchase.
Here are some key factors to help 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 | |
| Vehicle ownership | | 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 |
|---|
| Price | $45,000 | $45,000 |
| Taxes | N/A | $6,300 |
| Balance to Finance | $45,000 | $51,750 |
| Lease End Value | $20,000 | N/A |
| Term | 48 | 48 |
| Base Payment | $794.11 | $1,312.51 |
| Taxes | $111.18 | N/A |
| Total Payment | $913.23 | $1,312.51 |
| Monthly Savings | $399.28 | N/A |
Another area of interest in this section may be our leasing general overview. You will also find specific details on Lexus Leasing and Lexus Financing. If you have financial questions and would like to talk to someone at Lexus over the telephone, please call us at 604 879-5195.