When it comes to a Lexus lease, many drivers are finding out that the benefits of leasing can often outweigh the benefits of buying. For some, the lower monthly payments and lower level of commitment that comes with leasing are too good to pass up. However, there are a few lease pitfalls and roadblocks that you should be sure to avoid. Our friendly Lexus dealers near Santa Barbara make the leasing process as seamless as possible and would like to share these three common roadblocks.
Returning the Leased Car to Somewhere Other than Our Dealership
When your lease comes to an end, you have a few options of what to do with your leased vehicle. While you may be tempted to return your leased car to a different location than our dealership, this is a mistake. Returning your leased car to Lexus of Valencia is quick, stress-free, and can be completed in under an hour.
Not Buying Gap Insurance
If you drive a leased car, most experts recommend also buying gap insurance. The gap refers to the difference on what you still owe on your lease and the value of the car. The reassurance that comes with having gap insurance on your leased vehicle is more than worth it.
Underestimating How Many Miles You’ll Put on the Car
One thing to understand about leases is that they include mileage limits. It’s common for lease contracts to have annual mileage limits anywhere from 10,000 to 15,000 miles. If you plan on driving more than that, you can expect penalties.
Now that you know how best to approach a Lexus lease, visit Lexus of Valencia to browse our new inventory.