Buy vs Lease near Alexandria, VA

Adding a new car to your garage is never a small task, but our team at Pohanka Lexus wants to make the process as seamless and pleasant as possible for our customers. There are certainly things to consider, like which vehicle is right for you, and how you want to go about securing it. Thankfully, this helpful guide will give you a better idea of what options are available to you.

First Steps

First things first, it’s important to know what you’re looking for. An excellent starting point is to determine your budget. To do this, simply subtract your existing monthly expenses from your income. You’ll know that what you have leftover can go towards your new auto. Once you have that narrowed down, consider your driving needs, and which vehicles fulfill them best. Are you often loading up with family and friends before you hit the road? The 2021 Lexus 570 with room for eight passengers might interest you. Do you value fuel efficiency above all else? Maybe check out the 2021 Lexus UX 200. Utilize our website’s helpful Inventory page to narrow down your top choice.

Buy

Now that you know what vehicle you’re after and you’re confident that you can pay the amount due without issue, it will be time to decide how to go about getting into the driver’s seat. The most common option, of course, is by buying the vehicle. Don’t worry if you don’t have the total amount immediately on hand - instead, our Finance Department will reach out to partnered lenders to find you an auto loan. You’ll be responsible for making monthly payments towards the total value over time, but you’ll be able to claim the vehicle as your own as a result. In order to get an idea of what you’d be responsible for month to month, consult our Payment Calculator tool.

Lease

The option to lease a set of wheels instead of buying one may prove to be a more frugal course of action. With this method, an agreement will be drawn up based on the total amount that you’ll owe, but this amount will take into account the expected depreciation value of your selection, not the total retail price. This typically results in lower monthly payments for you. It’s important to note that you won’t be paying to own the vehicle, and by the end of your leasing period, you will have to return your Lexus of choice back to our dealership. Flexibility will be yours to enjoy, though, as you can convert to a financing plan if you’ve fallen in love with your selection, or even browse our lot to restart the process with a newer model!

It’s important to understand your options when you buy vs lease near Alexandria, VA. At Pohanka Lexus, let us be your guide in determining which choice is right for you.