Average monthly lease payments in August of this year were $581, increasing $120 from two years earlier, according to car research site Edmunds. It is still lower when compared to the average 70-month car note, at $707, an increase from $150 two years ago.
?Image source - TheZebra.com
Locked-in purchase price. If you want to buy your vehicle at the end of the lease, it is set in your lease contract as the residual value. If the car increases in value —exactly what we are experiencing now — you can buy the car at that low price.
New car every couple years. Leasing is an easy way to drive the newest cars and get the latest technology without the hassle of trying to sell later on. Additionally, at the end of lease, you are presented with an option to purchase the vehicle outright for the remaining value of the vehicle so if you love it, you can own it.
Lease payments applied to original vehicle price – Those lease payments you have made are applied to the original vehicle price.
Less sales tax. In a lease, you typically pay sales tax only on the total of the lease payments, not the purchase price of the vehicle. For example, taxes on a new vehicle in Georgia are 6.6 percent of the sales price. So a $60,000 car would require almost $4,000 in taxes. You would pay much less when leasing.
Low to no maintenance costs. Many leases have maintenance included, or because it is a newer car will likely require less maintenance than one that is several years old, saving you money.
Regardless of which lease option fits your lifestyle and budget best, we would love to help you get in a new or used luxury SUV or car. If you would like to return your current lease, browse our inventory to find a new Lexus or new-to-you car or SUVs before giving us your lease. If you would like to purchase the vehicle or work out another lease plan, we can certainly help with that too.
Leasing a car in Macon
Is your Lexus ease deal reaching the end of its term? If the answer’s yes, it’s time to explore what options you have in Forsyth or Warner Robins. You have three choices when your lease is up: return the vehicle to our dealership, purchase the leased vehicle or lease another Lexus. Everyone varies as to what their preferences are and what kind of auto financing fits their lifestyle and budget. Find out which option is best for you -check out the list below.Lexus End of Lease option 1: Return the leased vehicle
This is good if you:- Are ready for a new or different car
- Want to finance a different new, used, or CPO vehicle instead of leasing another car
Macon Lexus End of Lease option 2: Purchase the leased vehicle
This is a good choice if you:- Love the features of your current car
- Do not want to lease another car but want to own the car in your current lease
- Don’t want to deal with looking for a new car in the current market
Lexus End of Lease option 3: Work out another lease deal with our Macon dealership
This option is for those who:- Like the brand but are ready to enjoy the upgrades of a newer model
- Want to take advantage of great lease specials on select Lexus cars
- Generally put lower mileage on their cars
2023 Lexus Lease Offers (for Macon)
2023 Lexus IS 300 leases start at $439 per month with $7,059 due at signing 2023 Lexus ES 350 leases start at $549 per month with $5359 due at signing 2023 Lexus RX 350 leases start at $489 per month with $6,059 due at signing 2023 Lexus GX 460 leases start at $759 per month with $6859 due at signing?Image source - TheZebra.com
Pros of Leasing a car in Georgia
Lower payments. Lease payments have risen a bit but are still lower than financing a car. According to Experian Automotive, the average lease payment has increased by several hundred dollars per month.Locked-in purchase price. If you want to buy your vehicle at the end of the lease, it is set in your lease contract as the residual value. If the car increases in value —exactly what we are experiencing now — you can buy the car at that low price.
New car every couple years. Leasing is an easy way to drive the newest cars and get the latest technology without the hassle of trying to sell later on. Additionally, at the end of lease, you are presented with an option to purchase the vehicle outright for the remaining value of the vehicle so if you love it, you can own it.
Lease payments applied to original vehicle price – Those lease payments you have made are applied to the original vehicle price.
Less sales tax. In a lease, you typically pay sales tax only on the total of the lease payments, not the purchase price of the vehicle. For example, taxes on a new vehicle in Georgia are 6.6 percent of the sales price. So a $60,000 car would require almost $4,000 in taxes. You would pay much less when leasing.
Low to no maintenance costs. Many leases have maintenance included, or because it is a newer car will likely require less maintenance than one that is several years old, saving you money.
Cons of Leasing a car in Georgia
You have mileage restrictions on a leased car – According to TheZebra.com, in Georgia we put some of the most miles on our cars vs other states. The average Georgia driver, piles on 18,334 miles annually. Leases allow between 10 – 15k miles per year. The good news is that leases have flexible mileage allowances and you set your mileage terms up front.Regardless of which lease option fits your lifestyle and budget best, we would love to help you get in a new or used luxury SUV or car. If you would like to return your current lease, browse our inventory to find a new Lexus or new-to-you car or SUVs before giving us your lease. If you would like to purchase the vehicle or work out another lease plan, we can certainly help with that too.