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What is the disposition fee on a Lexus?
I have to turn in my leased Lexus in a couple of months and after looking online—I just realized I have to pay a disposition fee! What is the disposition fee on a Lexus?
Mariza Morin · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
If only you could just drop off your leased vehicle and that would be that! While the
Lexus
Lease-End Guide does not specifically state what their disposition fee is, this turn-in fee usually runs between $300 and $400. You’ll have to reach out to your Lexus dealership to find out the exact cost of their disposition fee. Leasing companies usually charge this type of fee when you
lease a car
to help cover the cost of cleaning and repurposing your former leased vehicle to resale it. But there’s good news! If you’re thinking about leasing or purchasing another Lexus, Lexus Financial Services (LFS) will waive this disposition fee if you replace your vehicle within 30 days of your return or if you’ve had three or more financial contracts with LFS.
So you have three options when you return your Lexus. You can either turn in your vehicle and purchase or lease a new Lexus, return your Lexus (and pay the disposition fee), or you can purchase the Lexus you’re currently driving—the choice is yours!
View full answer
- Gregory R.
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