New Car Leasing vs Buying

New Car Leasing vs Buying

Why Lease a New Car?

If you like to drive newer, safer, more reliable cars or trucks, but prefer not pay a considerable down payment every 3-4 years, and also don’t travel an excessive amount yearly, then a new car lease may be right for you. Leasing is best for those who would prefer to avert the hassle of selling and buying each time they want to upgrade to a new car or truck.

Why Buy a New Car?

Conversely, if you like long term relationships with a higher sense of commitment and ownership, then buying might be what’s ideal for you. Car-buying is typically best for consumers who don’t mind driving the same car or truck for over five years or even until it’s no longer fit for the road.

Lease vs Buy: Which One Is Right for You?

Knowing the pros, cons, and overall benefits of buying vs leasing a car or truck is imperative. Be sure to contemplate potential savings, vehicle ownership, monthly payments, and repair costs when considering the best new car financing type for you.

Buying: Ownership vs Leasing

When weighing the value of vehicle financing, new vehicle ownership certainly comes along with many advantages, most associated with outright ownership of the vehicle. You may not be aware, however, there are also some great advantages to leasing, as well. It’s essential to consider all financial aspects including term length, down payment, monthly payments, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A careful diagnosis of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the ideal choice between leasing and buying a new car.

pros and cons of leasing vs buying a new car

Monthly Payments

Car lease payments are often times less expensive in comparison to auto loan and car financing payments as the standard lease deal is pretty much renting with the option to purchase near the end of your lease term. Remember when leasing that you will need a higher credit score, and will be required to carry collision and comprehensive insurance, although the same can be said for the lowest rate auto loans. Although it could add to monthly payments, it’s also better to choose a model with the features you need or want, as personal satisfaction is often priceless.

why leasing a car is smart

Maintenance & Repair

Auto leases often include regular vehicle maintenance & repair. It’s important to keep this in mind when projecting monthly costs of leasing vs ownership. No matter what make and model you select, mechanic bills are an unknown cost that can quickly add up. And for those of us who are not certified auto mechanics with a hydraulic jack and full toolset in the garage, leasing can be the best option for peace of mind.

is leasing better than financing

Savings vs Investment

In general, a new car, truck, or SUV lease saves money in the short term with lower monthly payments, while buying gets you a long term investment, meaning absolute ownership of the value of the car or truck at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for going over mileage, terminating the vehicle lease early, or putting on excessive wear and tear. For maximum investment on a purchased/financed vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.


Lease Buy
New Vehicles Available Available
Pre-Owned Vehicles Not Available Available
Vehicle Customization Not Available Available
Poor Credit Financing Not Available Available
APR % Credit-Based Credit-Based
Ownership No Ownership Pride of Ownership
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Savings/Investment Short Term Savings Long Term Investment
Finance Term Approx. 2-4 Years Approx. 3-6 Years
Maintenance & Repair Costs Typically Included Not Included


Lexus Lease and Finance Offers In Houston TX

Sterling McCall Lexus Clear Lake knows that choosing the right Lexus car and financing option is never easy. Our team of experienced Lexus lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Houston, TX. We look forward to serving you.


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Cars Jun 16, 2021

I was an absolute pleasure working with Patrick. Excellent experience at the Service Department. Quick, professional and courteous. Would definitely recommend this dealership. Amazing service!

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Cars Jun 13, 2021

Suzanne did a great job helping me find and purchase a used 2015 Lexus. Really great personality and customer service support. Everyone was professional and courteous to me.

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Cars Jun 10, 2021

Ricky Walls, service advisor, provided his usual efficient, courteous, and quick turn around in service of my 2016 Lexus today. Appreciate his wisdom in what services need to be done and managing my car maintenance for me. He also had my car looking beautiful with a car wash. Highly recommend Ricky and this Lexus dealership.

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Cars Jun 4, 2021

Sale Representative was awesome, quick financing process! Melissa was attentive to our needs, she was very knowledgeable of the car we were interested in and been following up few times to check on us!

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Cars Jun 3, 2021

Dennis Holmes was my advisor for today and he was foremost the best advisor I’ve had at the dealership. I was considering changing dealerships however today changed my plans.

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Cars May 29, 2021

Brian was clear and easy and quick to sell us a pristine 2011 MB C 300. Great experience. Financing and cloae took a total 30 minutes. Very professional.

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DealerRater Apr 25, 2021

Isidoro "Izzy" Sisneros (along with Peter Brown from the Finance department) assisted me with the purchase of a brand new 2021 ES350. I couldn't be more pleased with the entire process. I had to order my car due to the colors and trim line not being available at the time. I was never pressured to get another vehicle in inventory; I was only accommodated every step of the way. In the end, I got exactly what I wanted. I am a second time buyer from Sterling McCall Lexus Clear Lake, and most likely a lifetime one. They are ...

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DealerRater Apr 21, 2021

Audrey Mickens is the best for assisting me with my purchase. She was very through and went above and beyond to ensure I had a great experience. I recommend her is you are looking for a competent and professional salesperson. She follows up with me periodically after my purchase to make sure I am enjoying my vehicle. Definitely the best experience I have had for purchase a vehicle.

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DealerRater Apr 5, 2021

I’m so glad that we chose Sterling McCall in Clearlake, Texas to buy our new RX350. Mr. Glenn made our buying experience exceptional. He was so knowledgeable and infinitely patient with us, making sure we got exactly what we wanted. No “game-playing” over here, just upfront professionalism! I recommend this dealership and Mr. Glenn to everyone.

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DealerRater Feb 16, 2021

As an 11yr. satisfied Lexus customer I must congratulate Sterling McCall on the updating of their dealership in Clear Lake, TX. Extremely Nice!! Thanks Peter Niko. I am really enjoying my 2020 Lexus ES 350 purchased Feb. 1st. 2021. Thanks also goes to Russell in Car Detailing. Not only does Lexus have exceptional autos but their staff are always courteous, experienced and professional. Andy Trahan, Dickinson, TX.

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DealerRater Dec 30, 2020

Audrey Mickens was our sales representative and she done an excellent job. She was very professional with the knowledge and know how of practicing her craft. She continued to keep us the customers in mind as to what we wanted and were looking for. She allowed us to lead while she just followed, as to not recommending what she thought we wanted. She was just a genuine down to earth person. She really done an amazing job that my wife and I were very well pleased with.

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DealerRater Dec 3, 2020

Very good service. Very good service. Very good service. Very good service. Very good service. Very good service. Very good service. Very good service. Very good service. Very good service.

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(281) 853-1400

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18160 Gulf Fwy • Houston, TX 77546

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Today's Hours:

Open Today! Sales: 8:30am-7:30pm

Open Today! Service: 7am-5pm

Open Today! Parts: 7am-5pm

Sterling McCall Lexus Clear Lake 29.556197, -95.158199.