How Does Leasing a Car Work?

If you are shopping for a luxury ride around Aurora and Parker, you may also be debating your finance options. Will you opt for a traditional loan, or will you take advantage of the benefits of a Lexus lease? If you are wondering how to lease a car at Lexus of Greenwood Village, our finance experts have created a helpful guide to walk you through the process. Let’s get started!

How to Lease a Car at Lexus of Greenwood Village

How does leasing a car work? When you lease a car, you are essentially paying for the use of a vehicle for a predetermined amount of time. Your monthly payments are primarily determined by the car’s expected depreciation over the course of the lease. There are also additional fees and interest charges built into your lease contract.

Here’s how it works: 

• You will agree on a set mileage limit. If you exceed the limitations set in your lease contract, you will be charged a penalty for excess wear and tear on the car. 
• You can explore available incentives. For most Castle Rock drivers, it will be more affordable to lease a vehicle than it would be to finance it. However, we still recommend exploring our offers and incentives before you sign on the dotted line.
• You must keep up with scheduled maintenance. When you lease, you need to try to keep the vehicle as close to factory condition as possible. That means keeping up with the recommended maintenance schedule for the vehicle. Our service department can complete all necessary maintenance work. 

Lease-End Options

Now that you know how to lease a car, you may have questions about your options at lease end. You can: 

• Return your leased car and pick out a new vehicle
• Extend your current lease
• Buy the vehicle that you’ve been leasing
• Return the vehicle and take your next steps elsewhere

If you are going to return the vehicle, you will need to follow these steps as well. 

1. Have a pre-inspection and take care of any issues that were noted. If those issues are not resolved, you could be on the hook to pay the penalty. You will also need to certify your vehicle’s current mileage.
2. Give the vehicle a thorough cleaning and clear out your information from the infotainment systems.
3. Bring in your lease paperwork as well as service records. 
4. Take care of any remaining fees. 

Lease a Lexus in Greenwood Village

So, does leasing sound like the right choice for you? If so, reach out to the team at Lexus of Greenwood Village, and we can start the process of finding your dream car.