
In this short-term scenario, leasing is the clear winner. Finally, leasing saves the trouble of selling the vehicle and paying off the balance at the end of three years. Leasing also makes monthly cash flow easier, saving a little over $375/month in payments. In this case, leasing the car for three years saves roughly $4,000. We assume maintenance charges will average $500/year in both scenarios. Because the car is covered by the warranty for the entire period, there are no repair costs in either scenario. In the leasing case, the vehicle is returned at the end of the three year period. In the purchase case, this involves trading it in at the end of three years and paying off the balance due. This scenario assumes that the vehicle above is only driven for three years. No excess mileage charges or wear and tear. 12,000 miles driven per year. Lease: $2,500 down, 36 month lease with money factor of 0.00090. Vehicle is in very good condition at time of trade-in. 12,000 miles driven per year. Purchase: $2,500 down, 60 month loan at 1.90% interest. Lease incentives and rates are accurate as of the time of writing, but may vary month to month. We’ve made the following assumptions: MSRP for the vehicle as configured is $51,650. With its well-appointed interior, comfortable drive and advanced safety features, the RX is always a top choice with Cartelligent clients.įor our sample Lexus RX, we’ve chosen a 2015 Lexus RX 350 crossover with all-wheel drive, the Comfort Package (which includes heated front seats, High-Intensity Discharge headlamps and rain-sensing windshield wipers), the Luxury Package (which includes a premium-leather trimmed interior, memory seats and upgraded wheels), and the Navigation System.

We’ll look at three different scenarios at three years, six years and nine years to see how the situation changes with time. The decision to buy or lease depends on a number of factors, including how long the vehicle will be driven. We anticipated this would be a close call Lexus is known for its high resale value and low maintenance costs, but the brand also strongly incentivizes leasing its vehicles.
