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Benefits of Leasing
The benefits of leasing offer significant freedom in terms of capital
investment and contractual obligations. In general, the major benefits
of leasing a Lexus are:
- Reduces monthly payment amount.
- Reduces the need for cash down payment.
- Makes it easier to upgrade to a more expensive model.
- Makes it easier to enjoy a new vehicle more often.
- Makes it easier to keep up with the latest vehicle technology.
- Permits you to return the vehicle at lease end and walk away, assuming
there are no charges for excessive wear and use and/or excess mileage
after payment of the disposition fee, if any.
- Provides the option to buy at a fixed price.
- Reduces the hassle at trade-in time.
Please note that pricing may vary, so the benefits of leasing versus
retail financing may vary.
Finally, all Lexus Financial Services leases are "closed end."
At the end of the lease, assuming the vehicle is returned in the condition
outlined in your lease agreement, your obligation ends. There is no car
to trade in, and there are no negotiations on its value toward the purchase
of a new car. You may lease or buy a new model, or you may elect to purchase
the automobile.
Available leasing programs:
Custom-Tailored Lease
Our newest financing program is designed to maximize the benefits of leasing
while offering flexibility in the size of your payments. When leasing,
payments are limited to the portion of the vehicle you expect to use over
the specified term. Our Custom-Tailored Lease allows you to maximize your
money management even further with additional lease features such as the
1Pay Lease, Multiple Security Deposit and Low Mileage Lease Programs.
With the Custom-Tailored Lease plan you can enjoy the luxury of driving
a new Lexus every few years, without the burden of negotiating trade-in
values. You may also elect to upgrade to a larger Lexus (without worrying
about finding a buyer for your existing vehicle), select monthly terms
from 24 to 60 months, and minimize your initial down payment when compared
to traditional financing.
Certified Pre-Owned
Certified Pre-Owned Lexus Vehicles are vehicles that have been reconditioned
to the exacting standards one would expect from a Lexus. A vehicle is
"certified" once it passes all required inspections to ensure
that engine, transmission, suspension and electrical components perform
as originally designed. These vehicles are available through Lexus Financial
Services, with either new-vehicle leases [1] or flexible terms of purchase.
Our commitment to service continues with a comprehensive limited warranty
and Lexus 24-hour Roadside Assistance. Current year through 5-year-old
Lexus vehicles are eligible under this program. See your Lexus dealer
for details.
1Pay Lease
This program saves you money and allows you to avoid the hassle of monthly
payments. It permits you to prepay all monthly payments in a single total
lease payment at lease signing. This single total lease payment is less
than the amount you would pay over the life of a conventional lease.
Multiple Security Deposit
Multiple Security Deposit (MSD) allows you to make up to nine additional
security deposits at lease inception, thereby reducing monthly payments
substantially. The additional security deposits reduce your monthly payments
and are refunded to you at the end of the lease period.
Encore
This program rewards qualifying repeat Lexus Financial Services customers
with lower monthly payments and a security deposit waiver. You can also
combine the benefits of Encore with other programs' features.
Low Mileage Lease
You may benefit from lower monthly payments with LFS's Low Mileage Lease
Program. All new Lexus vehicles are eligible and 36- to 60-month terms
are available. A charge will be assessed for every mile driven that exceeds
12,000 miles on average per year.
Lease features:
AutoCheque
The Lexus AutoCheque Program allows you to make your car payments through
the convenience of electronic debit. With this program, your vehicle payments
are automatically transferred to us each month from an account you designate,
saving you from the time and inconvenience of preparing and mailing a
check.
ePay
The Lexus ePay Program allows you to view, update, cancel or schedule
payments and check the status of your processed payments.
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