Should I Buy or Lease?

Saleswoman with car and clipboard

Ray Catena Lexus of Freehold wants you to have an easy, informed Lexus shopping experience. One of the big questions drivers in Holmdel ask is, “Should I buy or lease?” The answer depends on your car and financial needs. We’ll explain the basic differences between buying and leasing a new car at Ray Catena Lexus of Freehold. If you have more questions or have decided which works best for you, get in touch with your local Lexus NJ dealership and we’ll help you move closer to acquiring your new Lexus.

Benefits of Leasing

  • Expect a lower down payment and monthly payments when you lease a Lexus. Freehold sales taxes will also be lower since you don’t own the car outright.
  • Once you’ve leased your first vehicle, it’s relatively simple to trade it for your next lease. Just pay any remaining fees on your old car and choose your next lease.
  • You aren’t stuck with the negotiating involved in trading or selling your old leased vehicle.
  • Stay up-to-date with new models when you lease. Most leases last a couple of years, making it easy to upgrade often.
  • As long as you’re under your mileage limit, your warranty coverage will protect your car.
  • It’s easier to get approved for a lease than it is for a car loan. Even if your credit has taken a hit, you can still drive a reliable new car in Colts Neck.

Purchase Perks

  • You have more choices in terms of used and certified pre-owned models available for purchase, whereas used car leasing is less common.
  • The car belongs to you for as long as you like. You don’t have to return the car to the dealership.
  • There are no mileage limits when you own your Lexus. New Jersey road trips abound without worrying about overages.
  • Buying gives you more customization options. Make this car your own.
  • Sell your car if you’d like. It belongs to you, and you’ll get the cash if you sell.
  • Financing for purchasing a car is more straightforward than leasing. You can even apply for financing online. 
  • Over time, because you will likely keep a car you own longer than one you lease, you will save money.

Ray Catena Lexus of Freehold Can Help Answer Your Lease vs. Buying Questions

Contact our financing center to learn more about Lexus finance rates for buying or leasing, or to find out more automotive answers to questions like “what does liability insurance cover?“. Our online Lexus lease calculator can help you get an idea of how much your monthly lease payments will be. Regardless of whether you lease or buy, let Ray Catena Lexus of Freehold help! Be sure to explore lease buyoutsLexus RX 350 lease deals, and Lexus ES 350 lease specials while you’re here!

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Enter basic information to figure out the estimated auto loan rate or monthly payment amount for a new Lexus. Contact us with any questions you may have.


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Price(s) include(s) all costs to be paid by a consumer, except licensing costs, registration fees, and taxes.
Prices do not include $749 dealer doc fee.
MSRP contains base MSRP, any factory installed options, and delivery, processing and handling charges. Delivery, processing and handling fee is based on the value of the processing, handling and delivery services Lexus provides, as well as Lexus overall pricing structure. Lexus may make a profit on the delivery, processing and handling fee.

Based on model year EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle.

While great effort is made to ensure the accuracy of the information on this site, errors do occur so please verify information with a customer service rep. This is easily done by calling us at (732) 410-2900 or by visiting us at the dealership.

**Sticker reflects features and subscriptions available at time of original vehicle purchase. See your Lexus dealer for updated information.

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Ray Catena Lexus of Freehold 40.27972, -74.29451.