Lease Return Information
Here at Lexus of Santa Barbara, you have a variety of options for returning your leased vehicle. If you have questions about how to trade in your lease, or how to get a new car, call us at (805) 979-5078.
“I need to turn in my lease, and get a new one!”
Awesome! We’ll get you back to that new car smell, new technology and safety features, and ultimate comfort. Lexus of Santa Barbara offers a wide variety of new Lexus vehicles for you to choose from. View our large inventory, or give us a call at (805) 979-5078 for any questions about our new inventory.
“I want to extend my lease.”
Wonderful choice! You just need to contact the bank that you leased your car from. For Lexus Financial Services, the toll-free number is (800) 874-7050. You can also visit the Lexus Financial site here: https://www.lexusfinancial.com/us/en.html OR you can download the Lexus Finance Services application directly here: https://apps.apple.com/us/app/lexus-financial-services/id472183447
“I just need to turn in my lease.”
We can help you with this too. There are just a couple steps for you to follow.
1. Drop off your vehicle at our New Car Sales Department 350 Hitchcock Way, Santa Barbara, CA 93105
2. Please be advised that leasing banks will charge you a Lease Termination Fee. You may also be charged for excess mileage above your contracted terms and/or any excessive wear and tear. Any such charges are not levied by Lexus of Santa Barbara, but rather by the leasing bank. Don’t forget that you will remain as the registered owner until the leasing bank re-sells the vehicle to someone else. This re-sale process can take several months.
“I need to get information on buying my leased car.”
This is a smart choice! Because of the high quality Lexus cars offer, many customers choose to purchase their car after their lease ends. You have been the one maintaining and driving the car, so you know exactly what you would be buying. You’re also getting a significant discount off the original MSRP. Call (805) 979-5078 if you have any questions.