Is a Loan or a Lease What You Need for Your New Lexus Car?

The new Lexus lineup is one of the most valuable available in the Fort Wayne area. The kind of value you get in a new Lexus doesn't come for free, though! It's common for drivers of all sorts to need a bit of help when it comes time to pay.

For most drivers, that help comes by way of a loan or a lease. The finance team at Lexus of Fort Wayne can help you understand the difference.

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Loan or Lease? Which Financing is Right for Me?

For most Fort Wayne drivers, loans will probably feel like the default. Loans have several pros, but also several cons. On the pro side, they offer a great sense of flexibility. You have the freedom to do whatever you want with your vehicle because you own it. On the con side, however, the monthly payments tend to be higher. Things balance out when you pay off the loan, but they can harder to budget for in the short term.

If the short term is your concern, then a lease might be more to your liking. Leases tend to offer lower monthly payments. They're also often easier to qualify for, even if you lack the resources for a sizable down payment. On the downside, however, you need to give the car back when the lease term reaches its end. You're also beholden to restrictions like annual mileage caps and more.

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Come Find the Financing that's Right for You

Would you like to know more about the loan and lease options in your area? Or maybe you'd like a peek at the options on offer in our new Lexus inventory? Whatever your needs might be, give us a call or a click at our Fort Wayne dealership. We're always happy for the opportunity to chat with our customers.

Categories: Finance, News
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