Car Leasing 101: What is a Car Lease?

June 4th, 2020 by

Thinking about leasing a new Lexus vehicle but don’t know where to start? Lexus of Pembroke Pines is here to help you out with all of your car-buying needs. Our expert auto team can help you answer the question, “What is a car lease?” and help you decide if it’s the right option for you. We can even direct you to our Lexus lease specials so you can find the perfect new Lexus vehicle for your needs.

What is a Car Lease?

Essentially, leasing is a way to rent a vehicle for a set time from our Florida Lexus dealers. The specifics of your lease terms will be outlined, such as monthly payments, mileage allotment, and duration of your term.

Unlike a car loan, leases typically have much lower monthly payments. Instead of working with a bank or other financial institution like you do with a car loan, you’ll hash out the finances here at our Lexus finance center near Miami, FL.

Once your lease is done, you can return it to our dealers and exchange it for a newer vehicle. If you want, you can even buy out your lease and own the vehicle permanently. 

Visit Our Lexus Lease Experts

If you’re not quite sure whether leasing is the right option for you, we encourage you to visit our finance center. We can help you determine whether buying or leasing is right for you. If you do decide to lease a vehicle, be sure to check out our Lexus lease offers before you select a vehicle. We have frequent specials on new Lexus vehicles for lease, so you can save even more. 

Still want to learn about the ins and outs of leasing? Our expert finance team can answer all of your questions. We can’t wait to help you out!

Posted in Finance