Lease or Finance Your Lexus

Find the option that fits your lifestyle

Choosing between leasing and financing a new Lexus is an important decision. At Lexus Laval, we understand that every driver has unique priorities, whether you're looking for lower monthly payments, long-term ownership, or the flexibility to upgrade your vehicle more often.

This guide is designed to help you better understand both options so you can confidently choose the solution that best suits your needs, budget, and driving habits.

Take Control of the Financing Process

Shopping for a new car can be overwhelming. At Lexus Laval, we understand that all too well. And when it comes to deciding between leasing or financing a vehicle, many people don’t know where to start. Here are a few things to keep in mind in order to help you make a decision between leasing and financing your new Lexus vehicle!

For those who want the most for their money, and enjoy the flexibility of changing vehicles often, leasing is a great option.

When you choose to lease a vehicle, it means that you don’t own it. Therefore, there can be some restrictions on kilometres/mileage, and you can be liable for any damages done to the vehicle at the end of your lease term. So, if you plan on making frequent long trips or modifying your vehicle, leasing may not be the best option for you. That being said, leasing is the more affordable option and usually ensures that you’re always covered by a warranty.

For those who want full control over their new vehicle, financing is the way to go.

Financing your next vehicle allows more freedom in terms of modifications or customization done to the vehicle. For tinkerers and those who wish to maintain their vehicles themselves, financing is a no-brainer. Also, there are no restrictions on mileage and you are investing your money as a vehicle owner.

Although Lexus Laval offers excellent terms, prices, and protections for both options, it is important as a consumer to understand your needs, first and foremost, in order to select what is best for you, your budget, and your lifestyle. To learn more about financing or leasing your next vehicle, contact us today at Lexus Laval.

How Lexus leasing works

Lexus leases are offered as closed-end lease agreements, providing greater predictability throughout your lease term.

When you lease your Lexus:

• You drive the vehicle for the agreed lease term
• You maintain the vehicle according to the lease agreement
• You stay within your selected annual mileage allowance

Your monthly payments are based primarily on the difference between the vehicle's purchase price and its estimated value at the end of the lease.

At the end of your lease, you generally have the option to return your Lexus or purchase it.

Additional charges may apply if your agreed mileage limit is exceeded.

Clear and transparent lease agreements

Lexus Financial Services believes that every customer should fully understand their lease agreement.

Lease terms, payment calculations, responsibilities, and available options are presented clearly, allowing you to make informed decisions with confidence. Our finance specialists are always available to answer your questions and guide you through the process.

Wear Protection for added peace of mind

To make leasing even more worry-free, Lexus offers Wear Protection, designed to help reduce certain lease-end charges associated with excess wear beyond normal day-to-day use.

It provides additional confidence throughout your lease, helping make the vehicle return process smoother and more predictable.

Benefits of financing

Financing offers several long-term advantages, including:

• Full vehicle ownership
• No annual mileage restrictions
• The freedom to customize your Lexus
• Long-term value through vehicle equity and resale potential

It's often the preferred solution for drivers with longer daily commutes or those planning to keep their vehicle well beyond the financing term.

Customize your lease

Lexus leasing can be tailored to match your driving habits and financial preferences.
Available options may include:

• Lower annual mileage plans for drivers with shorter commutes
• Purchasing additional kilometres at the beginning of your lease
• Making a down payment to reduce monthly payments
• Security deposit options that may help lower your lease rate

These choices allow you to build a lease that reflects your individual needs.

Prepaid lease program

A prepaid lease allows you to pay the entire lease amount upfront.

By eliminating monthly payments, this option may reduce finance charges while allowing you to pay only for the portion of the vehicle you actually use during the lease term.

For some customers, it offers an attractive alternative to purchasing a vehicle outright.

Encore Loyalty Program

The Lexus Encore Program is designed to reward returning Lexus Financial Services customers. 
Eligible clients may enjoy benefits such as:

• Preferred lease or finance rates
• Waiver of certain security deposit requirements

Eligibility is based on previous financing or leasing history with Lexus Financial Services and other program qualifications.

Which option is right for you?

Both leasing and financing offer unique advantages, and the right choice ultimately depends on your lifestyle, driving habits, financial goals, and long-term plans.

Whether you value the flexibility of leasing or the benefits of ownership through financing, our team is here to help you make an informed decision. We invite you to speak with one of our Lexus specialists to explore the solution that's right for you.