We’re thrilled that you’ve found the vehicle that’s perfect for your needs at Prestige Lexus. Now comes the process of figuring out the best way to finance your vehicle. Most people prefer the convenience of financing a new Lexus instead of paying in full, which is why we offer various options for car financing.
New Car Financing
Designed with brand-new vehicles in mind, a new vehicle loan usually provides you with a very low-interest rate. Because your vehicle is brand new, there’s not a lot of liability involved with it. A loan provider has the flexibility to structure a loan package for you that is very convenient and comfortable. You may secure a new vehicle loan through a dealership or a different lender that the dealership works with. You have the option of finding your financing as well.
A new vehicle loan can vary in duration. The most common is three or five years. This is enough time for you to pay off your vehicle without it significantly impacting your budget every month. Most new vehicle loans allow you the option of prepaying for additional months to bring the overall length of your loan down. This can save you money on interest payments.
Used Vehicle Loans
Choosing your dream Lexus with a few miles already on the odometer is another great option. At Prestige Lexus, we are proud to offer compelling financing options for used vehicles as well. Our used vehicle loans are designed to make luxury more accessible, with flexible terms that cater to your financial circumstances.
When financing a pre-owned Lexus with us, you can expect competitive interest rates that reflect the value and reliability of our vehicles.
Refinancing
If, at any point during your loan agreement, you would like to refinance to secure a better interest rate, you usually have this option. You’re essentially signing a brand-new loan agreement but with better terms than what you’re already paying. In addition to lowering your interest rate, you may also choose to shorten the duration of your loan or add more money to the down payment.
Lease Agreement
Many of the new vehicles at our Lexus dealership are available for lease. This means that you sign an agreement for a couple of years, paying monthly payments as you go along. At the end of your lease term, you can choose to extend your lease, trade your Lexus in for a different vehicle, and lease or purchase the vehicle. Leasing a new Lexus from Prestige Lexus is an excellent option if you’re looking for reliability and affordability.
If you would like to learn more about your financing options available, reach out to our team at Prestige Lexus in Ramsey, NJ. We would be happy to help you determine what the most affordable option is for your budget.
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