BUYING VS LEASING YOUR NEW LEXUS

Buy Vs. Lease

Decide What’s Best For You

When it comes to buying or leasing a car the options can be confusing. To help you make an informed decision we have provided the information below. Be sure to visit the Finance Center to learn about financing options for your new Lexus and check out the specials page to see the different lease offers. We hope you find it informative and useful.

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Ownership

Buying

You own the vehicle and get to keep it as long as you want it.

Leasing

You don’t own the vehicle. You get to use it for a finite period of time, and usually for a limited number of miles.

Up-Front Costs

Buying

If you are financing, there can be a down payment ranging from zero to several thousand dollars plus other fees.

Leasing

Down payments can range from zero to several thousand dollars, plus other fees.

Monthly Payments

Buying

Can be higher than lease payments, but does allow you to gain equity in the vehicle.

Leasing

Monthly payments can be lower with a lease payment, because the bulk of payments are covering depreciation.

Early Termination

Buying

If you decide you don’t want the vehicle any more, you can sell it or trade it in on another one, however any financing left on the vehicle will remain.

Leasing

Ending a lease early will result in early termination fees, up to the remaining balance of the lease terms.

Mileage/Excessive Wear

Buying

There are no mileage limitations, keeping in mind the higher the mileage, the less value it will retain.

Leasing

Leases have language that limits the number of miles allowed during the lease term. Going over this number will result in additional fees.

Vehicle Return

Buying

When you are ready to move on, once payments are finished you can either sell your car or trade it in on another, again depending on if there is a balance owed.

Leasing

When your lease is up, you turn the car in, you walk away, start over with another vehicle, or if you like your vehicle you have the option of financing it.

Lease Returns

Approaching the End of Your Lease?

Spirit Lexus can handle your lease return at our Lexus dealership. No matter where you originally leased your Lexus, you can return your vehicle to our Spirit Lexus dealership at lease-end.

Not ready to say goodbye? You don’t have to because you’ve got options! Whether you are looking to lease, return, or purchase the current Lexus you are in , our certified Lexus Salesmen are here to help you make the best decision. Be sure to check out our Dealership Specials if you do decide to lease.

Phone Numbers:Sales Hours:
  • Mon, Wed9:00 AM - 7:00 PM
  • Tue, Thu9:00 AM - 6:00 PM
  • Fri9:00 AM - 7:00 PM
  • Sat9:00 AM - 6:00 PM
  • SunClosed

Options

Return Your Leased Lexus & Buy/Lease a New Lexus

When your lease is complete simply return the vehicle to Spirit Lexus. Our Lexus Certified Sales Staff will be more than happy to show you the latest models and discuss additional options you may consider. Once you make your decision, our finance center will help you get the financing options available. If you consider buying a used car then we invite you to look through our used car inventory. Simply contact Spirit Lexus for more information.

Simply Return Your Leased Lexus

Spirit Lexus located in Creve Coeur, MO is your premier lease turn-in dealership. Whether you leased your vehicle from us or from any other dealership, we will be more than happy to assist you in turning in your current Lexus. You will be responsible for paying any mileage overages or excessive wear and damage, but we’ll help you out on your next lease on how to go about avoiding those overages and extra fees.

Purchase Your Leased Lexus

If you have grown to love your current leased Lexus then buying your lease is the best option for you! Not only will you get to keep the vehicle you love to drive; you won’t have to worry about any end-of-term obligations and fees.

Spirit Lexus is located at: 777 Decker Ln • Creve Coeur, MO 63141
Spirit Lexus 38.6695526, -90.4465217.