Close FINANCE DEPARTMENT
Our Location
9238 West Bell Rd.
Peoria, AZ 85382
Finance: 623-872-4000
Meet Our Finance Staff
Lexus Finance Department Near Mesa, AZ
After you pick out a shiny new Lexus IS 500 lease in a color you love, our Lexus finance department will help you apply for low-rate auto loans and $0 down lease deals. Get started with our free finance application, and you can be pre-approved for lease deals today.
Please feel free to contact our team if you have any questions about lowering your monthly car payment or how buying compares to leasing.
Buying vs. Leasing
Now that you've picked out a new Lexus RX SUV for sale from our Lexus dealer near Mesa, AZ, it's time to choose the best way to buy a car. The thing is, no best way works for everybody—only the best way for you. So, let's look at the differences between buying and leasing so you can come into our Lexus finance center fully prepared.
If one of our Lexus finance specials has caught your attention, you might be trying to decide if it's better to lease or buy. Thankfully, our finance team is here to help. When you arrive, your Lexus finance contact at Arrowhead Lexus can help you pick the purchase strategy that works for you by asking a few simple questions. These are also questions that you can answer now.
Do you drive more than 15,000 miles per year? The typical mileage limit on a new Lexus lease is 15,000 miles per year. If you rack up the miles, financing might be a better option. But if you drive fewer than 15,000 miles per year, then leasing might suit your needs.
How long do you plan to own the vehicle? If you think you'll own your new Lexus for the next five to ten years, then financing makes more sense than leasing. After making your last finance payment, you own the vehicle and can drive the car for as long as you like. If you think your automotive needs might change in the next few years or you prefer having a new car with the latest gadgets and tech, then leasing would make more sense.
Lexus Finance Service
Many of our customers want to know if it's true that you can often get a more expensive car when you lease than when you finance. We're happy to say that, yes, this is often the case. When you finance a vehicle, you're borrowing enough money to pay for the entire cost of the car, plus interest, taxes, and fees. Your monthly car payment is calculated by taking this total sum and dividing it by the number of months in your finance term.
When you lease a vehicle, your lease payment only covers the cost of the vehicle's depreciation over the lease term, plus taxes and fees. For this reason, it can be less expensive to lease a car than to buy a comparable vehicle. People often find that they can step up in trim model when they lease.
Special Auto Loans
Here at Arrowhead Lexus, we are proud to offer special auto loans and alternative credit options to drivers with credit scores below Tier One. If a recent debt collection, bankruptcy, or repossession has caused your credit rating to take a momentary dip, be sure to ask our team about your sub-prime auto loan options in Gilbert, AZ. The difference between our team and other bad credit car dealerships is that we want to help you get the used car loan you deserve. Find additional savings on auto repair and oil change coupons with our Lexus service coupons.
Frequently Asked Questions
How much does it cost to finance a Lexus?
Your Lexus finance price or lease quote will vary depending on several factors, including the price of the vehicle, the additional options you choose, your credit score, down payment amount, and the tax rate in your area. Generally, the more expensive the vehicle is the higher your payments. You can lower your car payment amount by putting down more money at signing.
Should I buy or lease a Lexus?
There are benefits to leasing a Lexus and financing the vehicle. Leasing is an excellent option if you drive less than 10,000 miles every year and like having the latest automotive technologies and audio integration. If you plan to own your car for several years, rack up the miles, and want to own your vehicle when you make your last payment, then buying is the way to go.
Can I finance a Lexus with bad credit?
Yes, it is possible to finance a used Lexus vehicle with a credit score below Tier One. If you currently possess a sub-prime credit rating below 620, contact our dealership about your special auto loan options. You can apply for a bad credit car loan with our dealership, and we'll work hard to help you secure the used car financing you deserve.
“ ” Bobby Sinclair and Amy are the best!