If you’re interested in learning more about a Lexus lease, the finance team at Fields Lexus of Glenview is here to help. These are the five questions we hear most often.
How Does a Lexus Lease Work?
A Lexus lease lets you drive a new vehicle for a set term, typically 24 to 36 months, with monthly payments based on the vehicle’s expected depreciation rather than the full value. At the end of the term, you can step into the latest model, purchase the vehicle, or walk away.
What Are the Advantages of Leasing?
Leasing typically means lower monthly payments compared to financing a purchase. You also stay within factory warranty coverage for the duration of the lease, and you get to enjoy the latest technology and design updates every few years.
Are There Mileage Limits?
Yes. Most Lexus lease agreements include an annual mileage allowance, commonly 10,000 to 15,000 miles per year. The finance team can help you choose an allowance that matches your driving habits.
Can I Customize My Leased Lexus Vehicle?
You can select your preferred trim, packages, and accessories when building your lease. However, aftermarket modifications that alter the vehicle from its original condition may result in charges at lease return, so you should avoid making any significant changes to your leased model.
What Happens When My Lexus Lease Ends?
You have a few options: return the vehicle and lease a new Lexus model, purchase it at the predetermined residual value, or simply return it and move on.
Lease a New Lexus Model in Glenview, IL, Near Chicago
Leasing is one of the most flexible ways to enjoy the craftsmanship and refinement of a new Lexus vehicle. The finance team at Fields Lexus of Glenview can walk you through the numbers and help you find the right fit. Visit us and test drive a few Lexus models!
