Buy vs Lease near Merrick, NY

Buy vs Lease near Merrick, NY

If you are stuck between choosing to buy or lease, we’ve got you covered. This informative overview by Lexus of Freeport will discuss the highlights of each path. When you’re ready, meet with our Finance Department!

Buying

Purchasing a vehicle is a more common route of vehicle acquisition. This path has you choosing either a new or used car to drive through Merrick, so you’ll have a few options open to you. After you find your desired Lexus, you’ll begin a payment plan for the full sticker cost of the car. This amount typically takes around four to seven years to fully pay off, but this number is subject to change based on how much you reimburse on a monthly basis. The goal of a financing contract is to become the sole owner of a RX 350 or NX 350h. 

Leasing

Those who aren’t interested in ownership may wish to try their hand at a leasing contract. These plans start similarly to financing ones, with you selecting a car from our showroom floor. Unlike buying, leasing is only an option for factory-fresh models. Instead of lasting up to seven years, a leasing plan averages at about three. This way, you won’t be tied down to a single Lexus to bring down to Cedar Creek Park. One important aspect to note is that leasing plans are held to mileage restrictions, though this will be set when you meet with our skilled representatives. It is also worth stating that these plans only see you reimbursing the depreciation value of the car instead of the sticker cost.

Which Is Better?

While it would be easier to simply state which avenue is superior to the other, the truth is that neither is higher rated. Finding the route for you comes down to a few different factors. For example, you’ll need to consider your future driving habits. If you plan to stick to simple and quick trips to the store, you may not mind a mileage limit and would enjoy the flexibility of a lease. However, motorists who enjoy setting off down Sunrise Highway for vacations and outings might do better with a purchasing plan. Budgetary needs should also be considered, as financing contracts can be more expensive, but they do come with the added benefit of saving money with a used car. If you’re on the fence with your decision, give us a call!

 

How Long Do Financing and Leasing Contracts Last?

  • Financing contacts last around four to seven years, whereas leases tend to span an average of three. 

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Dealership Information

Testimonials

I was blown away by the service that I received

William Anthony Dean
Google
10-30-2021
Full Star Full Star Full Star Full Star Full Star

I recently bought a Lexus from the dealership and I was blown away by the service that I received. I worked with Clement (my salesperson), Derrick (GM) and Joe (Finance) and they were all fantastic throughout the entire process! I will definitely be bringing my repeat business back and referring all my friends and family as well!

my experience was 5 star

Nico Rincon
Google
10-9-2021
Full Star Full Star Full Star Full Star Full Star

my experience was 5 star. My service representative ,Manny ,was courteous, friendly , and professional . He treated me with respect and was attentive. The valet staff were also very friendly and accommodating and actually smiled as they brought up my car. I almost felt guilty getting this kind of treatment! Being a New Yorker, I'm weary of people in "customer service". they are genuinely doing a great job, all while not being condescending. I left a very pleased customer and I hope they continue to do a great job!

The 5 star is mainly for a sales rep Jeffrey Peralta

Khachik Sargsyan
Google
10-3-2021
Full Star Full Star Full Star Full Star Full Star

The 5 star is mainly for a sales rep Jeffrey Peralta - I did not interact with others (only service which was ok). I have been in many dealerships across two decades, and this was by far my best experience. Jeffrey helped to purchase my lease, scheduled a service for me, was accessible before the appointment, and very courteous throughout the process. I am constantly on my toes in dealerships with 'where is the catch' moments and it never arrived. Smooth, respectful and reasonably fast.

FANTASTIC car shopping experience!

Edward Tom
Google
10-2-2021
Full Star Full Star Full Star Full Star Full Star

FANTASTIC car shopping experience! From the moment I arrived I was greeted with a warm smile and the highest level of professionalism. The manager Mike came out of his office and welcomed me and my wife to the dealership. Freddy Batista was our car sales specialist. I have been leasing cars for the past 25 years and I have never worked with a more patient, knowledgeable, and pleasant sales specialist. We left with a brand NEW RX450h Premium. WOW! What a purchase and overall GREAT experience. Thank you Lexus of Rockville Centre.

Our car experience was excellent

Anthony Bruno
Google
4-1-2021
Full Star Full Star Full Star Full Star Full Star

Our car experience was excellent. Jeffrey helped make my parents fell very comfortable during the sale and gave us a full tutorial on how to use the car. I would definitely go back to this dealership.

Customer Testimonial

Andrew P.
Haskell, Haskell, NJ
3-16-2021
Full Star Full Star Full Star Full Star Full Star

Honest. Transparent. Friendly. Amazing service. Mike & the team are amazing across the board. Highly recommend!

My experience with Rockville Center Lexus was awesome

Customer Testimonial
Google
3-5-2021
Full Star Full Star Full Star Full Star Full Star

My experience with Rockville Center Lexus was awesome. Clemente was a pleasure to do business with. He was both honest and personable.

Great experience!!

DeLon Sharpe
Google
3-2-2021
Full Star Full Star Full Star Full Star Full Star

That guy Vivian is the best ever

Fast and friendly

richard cochran
Google
2-28-2021
Full Star Full Star Full Star Full Star Full Star

Fast and friendly Riz my service rep. Was fantastic! The young woman at the desk helped with my confusion without out being rude or condescending. She was a pleasure to speak with. 5 stars plus an extra one for making me feel welcome and comfortable as a first time Lexus owner.

Customer Testimonial

Anthony B.
New York, NY
2-7-2021
Full Star Full Star Full Star Full Star Full Star

Outstanding service. Prestige replaced the struts/suspension on all 4 wheels of my Mercedes CLK 350. They were responsive, very reasonable, prompt and a pleasure to deal with. Not at all words I'm accustomed to using regarding car service/repair. Highly recommended. Congrats to Mike and crew.

Customer Testimonial

Tara P.
Houston, TX
6-28-2020
Full Star Full Star Full Star Full Star Full Star

I should've written this review a long time ago. My experience here was excellent. I just needed an inspection and the wait was reasonable, plus they had me wait in my car and came out to tell me when I could drive my car up. Price was right and experience was fine. Nice people and a good dog in the office.

Customer Testimonial

Adam R.
Manhattan, New York, NY
9-19-2020
Full Star Full Star Full Star Full Star Full Star

I had a flat tire and they were able to get me a new tire within 24 hrs and then had me in & out of their shop within an hour. They also added a tire air-cap (as mine has fallen off the tire). Additionally, their prices are very reasonable.

Customer Testimonial

Linda W.
New York, NY
11-15-2019
Full Star Full Star Full Star Full Star Full Star

This review is late in coming. An entire year late cause I accidentally posted it for another company with the same name. I'm going back again tomorrow to get my emissions text again Everyone was super nice. Called at 10am on a Saturday to ask about a yearly emissions test. Told they were super booked, but if I could bring the car by 10:30am, they could fit me in. Take note these guys close at noon on Saturday! Mike and the guys were amazing. I was out by 11:15, could not be happier. Thanks!

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