Always Drive a new Lexus, payments less than financing. At Lexus On The Park Financial Services you will find more leasing options, kilometer and end of lease options that expected. Lexus makes it easy to lease and transition to an upgrade or newer model.
The no-nonsense Lexus Lease has competitive rates, lower monthly payments and minimal up-front costs. If you've chosen to lease a new Lexus or decided upon the reliability , value and quality of a pre-owned our standard lease can provide you with the benefits of down payments options with flexible terms to give you the security that you need.
When you purchase a vehicle you pay the total sale price. Lease payments on the other hand, reflect only the value of the car to be used over the term of your lease. For that reason, leasing may often allow you to enjoy (at a lower monthly cost) more vehicle than you might otherwise have purchased.
Leasing uses the capital of the leasing company. All that is normally required of the customer is a security deposit and the first month's payment in advance. There is generally no need to lay out your own money, make a large down payment, or tie up your lines of credit for a depreciating asset. (As usual, the lessee is responsible for insurance and all applicable taxes.)
A lease payment is calculated on the difference between the vehicle's original value and its anticipated value at the end of the lease term. The term selected, cost of borrowing, service/administrative fees, expected resale value and original value all affect the monthly payment.
You can adjust your monthly payment to meet your driving requirements. Additional kilometres can be purchased at reduced rates at the beginning of the lease. Down payments can also be added to reduce your monthly lease payments or you can simply provide additional security deposits to lower the interest rate used to calculate the lease.
Leasing enables you to replace your vehicle every two to five years, allowing you to drive a new vehicle more often.
If your vehicle is used for business, a portion of your monthly payment may be eligible as a deduction against qualifying income. Expert tax advice should be obtained.