If you’ve been shopping for a new Lexus car in the Mission Viejo area, you’ll find that there are several financing options available to you. One of the most popular options is leasing, which offers excellent benefits, ranging from lower monthly payments to lower maintenance costs. To see a breakdown of some of the most prominent Lexus leasing benefits, continue reading below!
Lower Initial Payments
Car experts frequently recommend putting down a nice-sized down payment on a newly purchased vehicle, which helps keep monthly payments down. However, when it comes to leasing, putting down a large initial payment isn’t always necessary, with shoppers simply needing to provide the first month’s payment and any initial fees.
Lower Monthly Installments
Car shoppers really like to lease, as it allows them to drive a car that might have been previously out of their budget. The reason for this is that a leased car’s payments are only based on a vehicle’s residual value, and not the full negotiated price. This means that, in general, you’ll only be financing on a portion of the car’s overall value, giving lessees lower payments.
Lower Maintenance Expenses
This is another very popular benefit of leasing a new Lexus car, which many people cite as their reasoning behind the financing choice. These lower maintenance and repair costs are due in large part to your new car’s warranties, which should cover the costs of any major repairs during the time that you are leasing the car. Ask you salesperson to go through what all your new car warranties cover to see exactly how much you’ll save.
