How do I choose between leasing or financing?

Choosing is all based on your budget and lifestyle needs. While financing allows you to borrow and own, leasing is like renting for a two to three-year term.

What benefits does leasing a vehicle offer?

Lease payment covers only the vehicle's depreciated value, not the entire purchase value. Lease payments cost less than if you were to finance. Down payments on leased vehicles are less than financed. Leases run for 24 to 48 months and are covered under the general warranty. You have multiple end-of-lease options.

What disadvantages does leasing have?

Mileage limitations No customizations Excessive wear cost Not an asset

What are my lease-end options?

Lease a new model Buy a new model Buy your currently leased vehicle Walk away after an inspection

What does the lease-end process include?

Scheduling your inspection Review and make possible repairs Make an appointment at a dealer Complete a federal odometer/lease termination statement Pay any lease liability fees/charges Pay any additional charges

How do I prepare for my vehicle after the lease ends?

After arranging a return date, clean and retrieve personal items from the storage compartments. You should also clear the navigation system of all saved addresses, erase programmable garage door codes, and delete all saved phone numbers. Then make sure the following equipment is present in the vehicle: All keys and key fobs Owner’s manual Entertainment system headphones Other accessories included in the lease package Original manufacturer wheels at the time of the lease Power charging cables for electric vehicles

Leasing | Lexus of Sarasota

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Lexus of Sarasota is located at: 4883 Clark Road • Sarasota, FL 34233

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4883 Clark Road • Sarasota, FL 34233

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Open Today! Service: 8am-11am

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Lexus of Sarasota 27.2699134, -82.4736398.

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