Buying VS Leasing
You've thought long and hard about which Toyota model you want to take home and now it's time to consider your financing options. The decision is one that should be made to best fit your personal driving needs and there are pros and cons to both so it is wise to weigh both options before making a final decision. We broke down the pros and cons of each option to help make that decision a little easier.
LEASING
Leasing gets you the vehicle you want and with a monthly payment that is much more affordable than buying. Toyota Financial Services leasing programs give you the freedom to drive a new Toyota every few years without the hassle of selling or trading in your vehicle.
Pros:
- Substantially lower monthly payments
- Low down payments, if at all
- No depreciation concerns
- Option to purchase vehicle at the end of the lease term
- Easy return at lease-end
- Future value does not affect you financially
Cons:
- Don't own the vehicle and have to return it at the end of the lease
- Always have a car payment
- Limited number of miles you can drive
- Early termination charges if you end the lease early
- No modifying or customizing the vehicle
Check out the lease end videos for information on the different options you can take when your lease comes to an end!