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Buy vs Lease near East Hampton, NY

Buy vs Lease near East Hampton, NY

Are you in the market for a new set of wheels? If so, you’ll need to decide whether buying or leasing makes the most sense for your individual circumstances, so Lexus of Southampton is here to lend a hand. Since both paths offer a set of different advantages, we’re here to break them down and help you start thinking about which one makes the most sense. If you have any pressing questions, just give us a call!

Leasing

In recent years, leasing has become an increasingly popular way to get behind the wheel of a factory-fresh model for less. This type of agreement is similar to borrowing in that you’ll have to return the vehicle to the dealership in approximately two to four years. During this period, you’ll simply need to pay an amount that reflects the Lexus’ depreciation based on your term length and mileage, making it a more affordable way to drive a brand-new car. That being said, you’ll need to stay within your allotment or risk paying a penalty. Plus, you’ll always be responsible for a monthly payment as long as you continue to lease.

Buying

Unlike leasing, buying is a path toward eventual automotive ownership. Most of the time, people choose to finance their vehicle purchases with a loan, since very few individuals have the cash reserves to buy something outright. Once you’ve fulfilled your four- to seven-year financing period, you’ll receive the title to your set of wheels! Although you’ll be able to drive it as much as you please, it’s important to remember that aging rides require more frequent maintenance. Furthermore, when it’s time for something new, you’ll need to trade your car in to recoup some of its value.

Should I Buy or Lease a Vehicle?

At the end of the day, you’ll need to sit down and make a few decisions to determine whether buying or leasing is the better option. For instance, if you’re in a solid financial position and wish to view your next car as an investment, then financing a purchase might be the right option. This is also true if you have a long commute or do a lot of traveling, since you won’t want to be restricted to a certain limit on mileage. On the flip side, individuals with changing tastes might find that leasing is the more logical fit, as you’ll be able to get behind the wheel of something new every few years. Plus, you won’t have to spend as much to enjoy the latest features when they hit the market.

Lexus of Southampton is here to lend a hand if you’re still trying to decide whether to buy vs lease near East Hampton, NY. Feel free to visit us here at 299 County Road 39A in Southampton, NY, to ask our staff any questions on your mind!


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Testimonials

John Mikhailov
John Mikhailov
GOOGLE
6-26-2020
Full Star Full Star Full Star Full Star Full Star
JEFFREY FISHER
JEFFREY FISHER
GOOGLE
6-22-2020
Full Star Full Star Full Star Full Star Full Star
Alex Uluyol
Alex Uluyol
GOOGLE
5-19-2020
Full Star Full Star Full Star Full Star Full Star
Taryn Lawrence
Taryn Lawrence
GOOGLE
5-16-2020
Full Star Full Star Full Star Full Star Empty Star
Susan Heller
Susan Heller
GOOGLE
5-16-2020
Full Star Full Star Full Star Full Star Full Star

I have been leasing Lexus vehicles for almost 30 years! My lease for my NX was coming due. I was hesitant to even consider any vehicle transactions during this Covid-19 pandemic. However, I decided to contract Lexus of Southampton. Thanks to Joe Torres, the experience was quick, professional, seamless, & most important - SAFE! I felt the dealership & the employees followed the proper guidelines protecting their customers and themselves. Also thanks to Felicia, for her assistance! I most certainly look forward to continue doing business with Lexus of SH!

"Billy"

BillyBoy
DEALERRATER
5-14-2020
Full Star Full Star Full Star Full Star Full Star

Excellent service in choosing a new RX350 under very difficult circumstances of the virus.. Prompt, efficient and friendly and received the car within 48 hours.

Tracy Dolgin
Tracy Dolgin
GOOGLE
5-9-2020
Full Star Full Star Full Star Full Star Full Star
Jessica Marchese
Jessica Marchese
GOOGLE
5-8-2020
Full Star Full Star Full Star Full Star Full Star
Sara Heim, DPT
Sara Heim, DPT
GOOGLE
5-7-2020
Full Star Full Star Full Star Full Star Full Star

Lexus of Southampton has the BEST pricing and customer service. They are always polite and take care of their customers. My husband and I have now leased three cars through this dealership (Joe Savino is great!!) and absolutely love their level of service and professionalism. If you plan on buying or leasing a Lexus; this place is worth driving to!!

"The best experience ever with buying a new car. The..."

msag367
DEALERRATER
3-8-2020
Full Star Full Star Full Star Full Star Full Star

The best experience ever with buying a new car. The process was so seamless. Joe Savino and the people at Southampton Lexus were the best!

"Great experience"

Mahoney277
DEALERRATER
3-2-2020
Full Star Full Star Full Star Full Star Full Star

Fist time experience with Lexus of Southampton and everything went so smoothly, plus the employees were helpful, even the cashier. Would definitely use this dealership again.

"Today I picked up my 3rd vehicle from Lexus of..."

mheim88
DEALERRATER
2-22-2020
Full Star Full Star Full Star Full Star Full Star

Today I picked up my 3rd vehicle from Lexus of Southampton, and could not be more impressed with the level of efficiency, professionalism, and customer care. Joe Savino has been nothing short of outstanding. His knowledge, experience, and willingness to help has been a breath of fresh air, especially in the automotive industry that is typically hallmarked by pushiness and pressure. Lexus is a great product, and Lexus of Southampton is the premier dealership to buy or lease one! Thank you!

Antonino Atl
Antonino Atl
GOOGLE
2-7-2020
Full Star Full Star Full Star Full Star Empty Star

Someplace quality automobiles recommend

Philip Shearer
Philip Shearer
GOOGLE
2-5-2020
Full Star Full Star Full Star Full Star Full Star

Excellent service from Felicia who I dealt with mainly to Wayne and Mike who also were involved. Thank you. Philip

"Excellent, consistent service"

mmesb
DEALERRATER
1-28-2020
Full Star Full Star Full Star Full Star Full Star

The service department is made up of a wonderful team of professionals, always there to help. They communicate what work needs to be done, how long it will take and notify you if anything unforeseen comes up. They don't try to sell you what you don't need. Workmanship is professional, and properly done on a timely basis. A well-run operation that doesn't waste anyone's valuable time. We've been loyal customers for nearly 15 years! Highest recommendation to this team. Many thanks to Mike V., Frank and Maria!!!

M Meyer
M Meyer
GOOGLE
1-25-2020
Full Star Full Star Full Star Full Star Full Star

Great service

Hilary Fuchs
Hilary Fuchs
GOOGLE
1-7-2020
Full Star Full Star Full Star Full Star Full Star

Sales

Nestor
CARS
1-6-2020
Full Star Full Star Full Star Full Star Full Star

Felicia was nice. She did everything she could so I can get my car. Followed up every step of the way. Really nice dealer. Tranquility of the Hamptons is priceless

William Giovannettone
William Giovannettone
GOOGLE
1-2-2020
Full Star Full Star Full Star Empty Star Empty Star
hanh cao
hanh cao
GOOGLE
12-27-2019
Full Star Full Star Full Star Full Star Full Star

"Frank is awesome!!! He is extremely knowledgeable, fair..."

Lorraine and Mark
DEALERRATER
12-8-2019
Full Star Full Star Full Star Full Star Full Star

Frank is awesome!!! He is extremely knowledgeable, fair and an absolute pleasure to work with! We will highly recommend Frank to anyone who is looking to buy or lease a Lexus.

"Great experience "

Mzone
DEALERRATER
11-21-2019
Full Star Full Star Full Star Full Star Full Star

Great experience and would highly recommend this dealership. The whole process was straight forward and simple. I worked with an experienced employee who was helpful and honest.

Matt Zonin
Matt Zonin
GOOGLE
11-20-2019
Full Star Full Star Full Star Full Star Full Star

Great experience and professional staff

Jacqueline Vita
Jacqueline Vita
GOOGLE
11-17-2019
Full Star Full Star Full Star Full Star Full Star

When it comes down to deciding on what car to drive, lease, and or own paramount to most consumers are safety, price, and appearance. At Lexus of Southampton, it is a clean sweep as here you will find quality with a track record. Upon entering here, I was greeted by a spirit of a welcome and genuine sense of "We are here to be of help." And for this damsel in distress, I could not have been luckier than to be directed to Frank Knoll, Sales, and Leasing Consultant. While we did begin our discussion with the most impressive of their luxury line, my circumstances did not permit me to make a significant investment at this time. Frank moved down the list one by one sharing the key features of the new, then previously owned certified vehicles and what inventory had been returned from leasing. I decided on a previous owned leased vehicle in mint condition and plenty of room to permit me to take along my bike, labrador, and easily get groceries. Lexus was wise to hire Frank as his seeming stealth manner made for ease in discussion and the welcomed absence of any sales pressure. So within fifteen minutes, Frank had his sale and I the lucky owner of my new car! His associate and Business Manager, Wayne Foisy, worked up the financing exactly where I wanted to be monthly. When I went to pick up the car, it was detailed and immaculate. I immediately felt the pride of the Lexus staff and was encouraged by them to return with any concerns and questions. So if you want to gift someone you love, even yourself, peace of mind, safety, and comfort in a fantastic brand of automobile this holiday season, stop by Lexus of Southampton just in time for the end of year sales and the debut of 2020 autos. Ask for Frank and tell him, "Jackie sent me." You won't be disappointed when teaming up with Frank and Lexus. As I texted my kids, "Momma has a new hot set of wheels." My daughter gifted me with a blue cruiser bike for Mother's Day, and now I can take it with me at any time, anywhere, as it is indeed I found the perfect fit!

JoAnn Giardini
JoAnn Giardini
GOOGLE
11-14-2019
Full Star Full Star Full Star Full Star Full Star
Zanetta Kwasny
Zanetta Kwasny
GOOGLE
11-4-2019
Full Star Full Star Full Star Full Star Full Star

Lexus of Southampton is exceptional place to buy or lease a car. Outstanding, very professional Team and wonderful totally different car buying experience. I had the pleasure of working with Frank Knoll Sales and Leasing Consultant through test drive, paperwork and picking up my beautiful 2015 Lexus RX 350. Thanks to Frank the car buying experience was very smooth, fast, easy and very professionally handled. The car was presented to me in excellent (sparkling clean) condition in and out. Orientation by Michael Tannenbaum the Lexus Technology Specialist was excellent and very helpful. Big thanks to Wayne from Finance Dep. and big thanks to Service Dep for preparing this car for me. If you want to buy or lease a car go to Lexus of Southampton and ask for Frank Knoll - excellent consultant. Thank you and I love my Lexus. Regards, Zanetta

"Joe Savino is the best!"

Happy Lexus Owner
DEALERRATER
10-31-2019
Full Star Full Star Full Star Full Star Full Star

Joe Savino was very professional. An absolute pleasure to do business with. I have bought dozens of new cars and Joe and Lexus of Southampton were the best.

"Excellent Experience"

Songbird
DEALERRATER
10-31-2019
Full Star Full Star Full Star Full Star Full Star

Thank you to Joe Savino for guiding me though the experience of finding the right Lexus for me. I visited the dealership three times before purchasing a car. Joe was patient, asking the right questions about what I wanted in a car so I could decide between the NX300 and the RX350. He provided excellent advice about leasing vs purchasing. Though out the experience everyone at the dealership was professional. The paperwork was straight forward and a breeze compared and to the last unnamed dealership.

"Great Dealership "

Fergy
DEALERRATER
10-10-2019
Full Star Full Star Full Star Full Star Full Star

I was very impressed by the helpful staff and would recommend Frank Knowles my salesperson for his attention and knowledge to help direct me in the right decisions based upon my own criteria. The service department is also hands on and quick and easy!! My experience with other Lexus dealers have been less than satisfactory and unscrupulous (Huntington) to say the least. Southampton is the way to go!!

Marcos Velasquez
Marcos Velasquez
GOOGLE
10-6-2019
Full Star Full Star Full Star Full Star Full Star

Had a great experience purchasing a new vehicle!

"Helpful and kind"

Laparm
DEALERRATER
9-26-2019
Full Star Full Star Full Star Full Star Full Star

My husband and I were looking to turn in our lease early to Lexus, we went right to joe savino who sold it to us and he made the transition to our new Lexus so easy!!! Everyone there is so nice and the customer service is amazing!!!

"Trustworthy "

APeach
DEALERRATER
9-25-2019
Full Star Full Star Full Star Full Star Full Star

Great experience buying a car at Lexus Southampton. They are super friendly and not pushy at all. I truly enjoyed my buying experience. Joe Savino is a top notch salesperson.

Frances Secondo
Frances Secondo
GOOGLE
9-25-2019
Full Star Full Star Full Star Full Star Full Star

Great dealership with top notch sales and service. My salesman was not high pressure, knew his business and got me a good deal. The tech guy thoroughly explained all of the bells and whistles on my new car and even explained some items to me over the phone when I called! Service appointments are easy to make and done efficiently.

"Lexus"

David and Joan
DEALERRATER
9-16-2019
Full Star Full Star Full Star Full Star Full Star

Excellence, honesty, and patience. Joe is the best. We have been getting our Lexuses from him for years. He has provided us with top- notch service.

nanette rosenberg
nanette rosenberg
GOOGLE
9-10-2019
Full Star Full Star Full Star Full Star Full Star

Great service

"Great service. Very good people, Excellent experience!"

Plex
DEALERRATER
9-7-2019
Full Star Full Star Full Star Full Star Full Star

The team at Southampton is tremendous. They made getting into a great car extremely pleasant and easy. Wayne and Frank had my car ready and waiting for me yesterday. Mike T made sure I knew how everything worked and a little bit of history on celebs in the area.

Andrew Goodman
Andrew Goodman
GOOGLE
9-7-2019
Full Star Full Star Full Star Full Star Full Star
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