Buy vs Lease near Rockville, MD

Are you searching high and low for the perfect vehicle to add to your driving arsenal? Once you make your selection, you must decide whether buying or leasing best suits your financial restrictions and driving requirements. If this is your first time taking either of these paths, continue reading, as we’re here to go over what each avenue toward automotive acquisition entails for the consumer. If you have any questions prior to stopping by, feel free to contact us!

Inventory

First and foremost, it’s essential to find a set of wheels that you can take pride in. While we provide you with the opportunity to shop in person at the dealership, you reserve the right to get your preliminary search started from home to maximize your driving potential and minimize your time spent at our location. When you’re ready to take the plunge, select your preferred model or segment from the New or Pre-Owned dropdowns above. Doing so will promptly redirect you to a page that showcases all the rides that fulfill your stipulations. To customize even further, tap into the filters beneath the Narrow Your Search tool. We provide parameters for the year, model, mileage, price, and more, so you can build your dream vehicle. Don’t forget, if you choose to secure a used ride, you’ll have to take the path of financing. 

Buying

The most traditional route to securing a vehicle is opting to purchase it for its full cost. This is an excellent choice if you’d like to see a return on your investment, because you’ll achieve full ownership once you’ve made your final payment. In order to secure an affordable installment plan, we’ll reach out to our network of trusted lenders to find a package that fulfills the model that you’re interested in. Then, we split up the sticker price over a period of time that falls between four and seven years, so you can slowly contribute toward the vehicle’s value without depleting your savings account. If you’d like to receive the green light for your loan, complete the 30-Second Pre-Approval form. We won’t ask for your social security number or date of birth, and using this feature won’t impact your credit score. To get some paperwork completed before you walk through our doors, submit a Finance Application!

Leasing

If being tied down to a long-term agreement doesn’t sound like the right plan for you, then leasing your potential vehicle is a viable alternative route for ultimate flexibility. This plan is similar to borrowing, as you’ll be able to drive around in a factory-fresh Lexus for an average of three years. Since you won’t keep the driving option when your term expires, you’ll only have to cover its depreciation value. This dollar figure is a fraction of the cost of buying! Plus, these contracts are perfect if your needs frequently change, because you’ll have the opportunity to upgrade to a new ride or hand in the keys and walk away when all is said and done. Or, you can use this path as a test run to determine if you want to keep the keys for good. If that’s your decision, you can simply convert to a financing plan to pay the remaining cost. 

Have you decided whether you’d like to buy vs lease near Rockville, MD? If so, pay our Finance Department a visit at Pohanka Lexus for a comprehensive consultation.