Finance a Lexus in Silver Spring, MD

Lexus Auto Loans in Silver Spring, MD

Purchasing a new luxury vehicle is a thrilling experience that never deserves to be dampened by stress. That’s why we strive to simplify the car buying process by offering pre-qualification, competitive rates, and even an online payment calculator. At DARCARS Lexus of Silver Spring, our dedicated finance team is here to work through all your auto financing needs to get you behind the wheel of your new Lexus as soon as possible. Additionally, we will pair you with a finance program that fits your budget so you can rest assured knowing you’ll have monthly payments at the right cost to you.

Get Pre-Approved

Pre-Qualify now to get the process started online. Our finance managers are happy to answer any questions you might have so feel free to get in contact with us! We look forward to serving you today!

Buying vs. Leasing a Car

Are you deciding between buying or leasing a new car in Silver Spring, MD? It can be hard to pick the option best for you, but there are unique benefits for each of these finance plans. Will securing a Lexus lease be the option for you? Or, will you want to buy a new Lexus and finance your new luxury car or SUV?

Benefits of Buying a Car

When you choose to buy a new Lexus or a pre-owned vehicle, there is the option of financing your Lexus. Some of the benefits of financing a car include: ownership, customization, building equity over time. If you think that you are going to drive your Lexus for many years, purchasing is perfect for you. You can be the owner of the vehicle after the auto loan is paid off. If you want to give your Lexus a personalized look, buying is ideal as well, since you can customize your Lexus with accessories and other modifications. As you pay on the loan of your car, you can also build equity over time.

Benefits of Leasing a Car

From low maintenance and repair costs to affordable payments, there are many benefits of leasing a new car. Since leases typically mean that for the lease the car is covered under warranty, maintenance and repair costs are minimal. Also, lease payments generally get calculated from the depreciation of the car during the lease term, so the payments a month can be more affordable.

Lease FAQs

New Lexus Vehicles Lease Return Program

Used Vehicles Estimate Your Trade

Car Finance FAQs

Do you have questions about financing a new Lexus in Silver Spring, MD, or leasing a new vehicle? There are many questions that can come up throughout the process of selecting a vehicle and finance plan. Check out these frequently asked questions about auto financing and leasing to help you through your finance journey.

What is leasing a car?

For around 2 to 3 years, a car lease allows you to drive a new car, while making monthly payments for the length of the lease. When making payments on a lease, you are not paying to own the vehicle, you are paying on the depreciation of the car during the lease, which is why many times leases tend to be the more affordable option. There are end-of-lease options, however, where you can buy out the vehicle, lease a new one, or just hand it in.

What does it mean to finance a car?

Financing a car generally means taking out a car loan on the new or used vehicle you want to buy. Instead of buying the vehicle upfront, you find an auto loan and pay on that monthly. When you get a car loan, you will borrow the money for the car, whether that means finding a loan at a dealership, bank, or lender, and have a loan duration until it gets paid off.

What is a good rule for financing a car?

Be prepared! When you go to finance a car, you want to be as prepared as possible when getting an auto loan. Check your credit score and make sure it’s where you want it to be since a higher credit score can typically mean getting a better interest rate. Get pre-approved beforehand so that you can calculate how much is right for you to spend on a car. You also want to think about your down payment. Try and aim for 20% down on a car – this can help with your monthly payment/loan amount. Factor in the amount you can put down on the vehicle, as well as your trade in if you plan on trading in your current vehicle.