How to Lease a Lexus in Savannah, GA
Leasing is a popular path drivers take to experience the newest automotive features on a more frequent basis. To help you hit the ground running when you walk through our doors, Chatham Parkway Lexus is here to discuss the details of these agreements. If you have any pressing questions before stopping by, contact us to receive a prompt and detailed response.
What Is a Car Lease?
A lease is essentially a long-term rental agreement between you and the dealership. Rather than financing the full purchase price of a vehicle, you're only paying for the portion of the car's value that you use during the lease term. Most Lexus leases run for 24 to 48 months, though other terms are available depending on your lifestyle and budget. At the end of the lease, you simply return the vehicle, upgrade to the latest model, or — if you've fallen in love with your Lexus — purchase it outright at a pre-agreed residual value.
How Lease Payments Are Calculated
Your monthly lease payment is determined by three key factors. The first is the capitalized cost. This is the negotiated selling price of the vehicle, similar to the purchase price in a traditional sale. The lower this number, the lower your monthly payment, so don't be afraid to negotiate. The second is the residual value, which is the projected worth of the vehicle at the end of the lease term, expressed as a percentage of the MSRP. Lexus vehicles are known for strong residual values, which is one reason they lease so competitively. A higher residual value means lower monthly payments. The third factor is the money factor, which works like the interest rate on your lease. Like a traditional loan rate, this figure is influenced by your credit score.
What to Expect at the Dealership
When you visit our Finance Department to begin the leasing process, the first thing we'll do is help you choose the right vehicle for your trips down I-516. We’ll assist you with selecting the trim level, color, and features that suit your needs, whether that's the bold NX crossover, the refined ES sedan, or the adventurous GX. From there, we'll walk you through the lease terms together, including the capitalized cost, residual value, money factor, and mileage allowance. Most standard leases include 10,000–15,000 miles per year. The cap cost, and sometimes the money factor, are open to discussion, so don't hesitate to ask. Once you're happy with the terms, we'll handle all the paperwork so you can drive to Forsyth Park in your new Lexus.
Things to Keep in Mind
Leasing works best when you drive within your mileage allowance and return the vehicle in good condition. Excess mileage and wear-and-tear fees can add up, so be honest with yourself about your driving habits upfront. Gap coverage is typically included in Lexus Financial Services leases, protecting you if the vehicle is totaled.
Is Leasing Right for You?
If you love driving a new car every few years, want lower monthly payments compared to financing, and prefer not to worry about long-term depreciation, leasing is an excellent choice. Our finance team is always here to help you compare leasing versus buying so you can make the most confident decision possible. Stop by today or schedule a consultation!
What Are My Lease End Options?
- Lease a new Lexus
- Keep current vehicle through a loan
- Returnt the keys and leave
Dealership Information
Testimonials
We love the professionalism
Courteous sales department
“ Courteous sales department and exceptional service department. ”
Five stars to Chatham Parkway Lexus!
“ Five stars to Chatham Parkway Lexus! Everyone we spoke with were wonderful and very knowledgeable. CASSIDY is your girl. She knows so much about their vehicles and will give you all the information you need and want to know. Al, the finance manager, was also amazing and very funny. They took their time to make sure everything's straightened out before we took our vehicle home. Thanks to Cassidy and CP Lexus!! ”
Awesome Experience
“ I had an awesome experience here buying my certified Lexus! Every member of the team from sales to finance to the technology expert who showed me all the features on my car were so kind and helpful! I am a brand new mom and wanted to kick myself for waiting until after my son was born to try to take on this task but everyone at CPL made this a breeze for this stressed out mama! I feel very comfortable with this purchase for our growing family and am so happy with our new ride :) ”
Larry Brenner
Sam Grant
“ After 40 years in the industry as both a new car dealership partner and a VP and President in the car rental industry, all I can say is dealing with this dealership, and Sam Grant it was a 10. Sam took the time to both follow up and even had the LC500C put on a flatbed and taken to my house. Is this typical Lexus service, I can't say, but I'm not the easiest to deal with because of my background, but both Sam and their GM could not have been more perfect. I wish all dealships could be like this one. Oh, I love the car. ”
This dealership is exceptional.
“ This dealership is exceptional. Our sales lady Angela was at no point anything but professional and helpful. She showed us multiple cars, called us back when something came in she thought we would like, and answered all of our hundreds of questions without hesitation. Ultimately we did not purchase from here, but gladly would and was the best car shopping experience we have had. ”
Everyone at Chatham Park Lexus made us feel important, like we were superstars!
“ I just bought a beautiful 2019 Hyundai Santa Fe at a fair price and a full tank of gas. Brenda was the sales person, I highly recommend her, she was knowledgeable. She did not make feel pressured to buy as I shopped, but made suggestions about other vehicles on the lot, as I test drove. Everyone at Chatham Park Lexus made us feel important, like we were superstars! We visited several lots that day and hands down the respect and treatment we received was stellar. We will never shop any where else. ”
Jocelyn Hardee I recommend this dealership and it’s staff to anyone in the market. I promise, you will not be disappointed! Th
“ I would give CPL 100 stars if it was an option. This is my 2nd purchase. My 1st purchase, Angela helped me decide on a 2019 NX300.. I absolutely LOVED this vehicle.. but unfortunately just 2 months after I purchased it, I was in a horrible accident where I was T boned at approximately 80mph.. My NX saved my life. I walked away very bruised and sore, but alive. The safety ratings on this car are AMAZING! Today I got back in contact with Angela - we sat and discussed a new vehicle.. I thought I wanted another NX but decided on more room and went w/ 2020 RX350. Angela is not only honest, knowledgeable, and patient but she LISTENS!!!! She knew (yet again) just want I wanted / needed. She knows these vehicles inside and out. CPL is so lucky to have her.. she truly is the best! I also met the General Manager today. He is so sweet.. he came to wish me well on healing after the accident. He reassured me I was making the best purchase as he took the time to weigh out pros and cons of the 2019 and 2020 models.. the warranties etc. I left tonight not only excited for my purchase but feeling just like family. The dealership is absolutely beautiful, clean, friendly and cozy. The service department is wonderful.. I had just had my 5,000 mile maintenance done on my NX.. they were not pushy, completed all tasks timely. My car was then detailed and ready when they called me to pick it up. Quick and painless! I recommend this dealership and it’s staff to anyone in the market. I promise, you will not be disappointed! Thank you CPL - I am a customer for life! **pics of the accident/ I walked away from - this was my NX after taking a Dodge Charger @ 80mph to the side. ** ”
This is my first service with the dealership and Larry was excellent.
“ This is my first service with the dealership and Larry was excellent. I was expecting much higher prices for a dealer and I believe they are very reasonable. They do have my business and will try them out when it is time to buy another Lexus. ”
“ We love the professionalism we receive whenever we go here. Mr. Tomas Tovar is Always so polite and respectful. He treats you like family. His personality is awesome. Thank you Mr. Tomas Tovar for all you do. I received the 80,000 mile service. ”