Lexus Exchange

At Lexus of Memphis, we are committed to offering our guests the most options for returning your leased car or SUV. Listed below are the options we offer for returning your car to Lexus of Memphis. To trade in your lease, and get into a new vehicle today, please contact our Acquisitions Department at 901-362-8833.

OPTION 1: Turn in Your Leased Vehicle and Purchase or Lease a New Lexus of Your Choice

Great! Let's get back that new car smell, and enjoy the latest safety technology and luxurious comforts that make Lexus vehicles so special. Click here to view our Current Specials or, for the most current information and guidance on other options that might benefit you, please contact our Acquisitions Department at 901-362-8833. If you simply want to turn in your leased vehicle, we can help with that also.

Here are the steps to take:

1. Make an appointment to drop off your vehicle at our New Car Sales Department 2600 Ridgeway Rd Memphis, TN 38119 901-362-8833.

2. Please be advised that you could be charged a Lease Termination Fee, depending on the remaining length of your contract. You may also be charged for excess mileage above your contracted terms and/or any excessive wear and tear. If you are at risk of mileage penalties, trading in early may be the best option. We will discuss the best options available to you.

OPTION 2: Purchase Your Vehicle at Lease End or let us assist you to sell it to a family member or friend.

Smart choice! Because Lexus vehicles are built to such a high standard, many of our guests choose to buy their leased vehicle after the lease term ends. After all, you maintained and drove the vehicle, so you know exactly what you're buying, at a significant discount off the original MSRP. Our Acquisitions Department can assist you with this and explore any other option that might benefit you. They can be reached at 901-362-8833.

OPTION 3: Return Your Vehicle at Lease End to Lexus of Memphis

OPTION 4: Extend Your Current Lease

For Lexus Financial Services, the toll-free number is (800) 874-7050

Kind Regards,

Wendy Johnson

Vehicle Acquisitions

901-271-5125 Direct

[email protected]

Find out more about our Lexus of Memphis Exchange Program