Weigh the Benefits of Buying vs. Leasing Your Next Toyota Vehicle

When you browse our new Toyota model inventory, you might be wondering what you can afford, or whether you should go for a lease or a loan.  You may even want to know what the difference between those two options are.  If that sounds like your experience, or you could just use a refresher on the differences between these options, now is the time to get reacquainted with the terms you should know.

Buying

Probably the most popular method of taking home that next great Toyota RAV4, Corolla, Camry, Prius, Tacoma, or Tundra, buying needs little introduction.  You know that you'll take out a loan for the full price of the vehicle and pay it off over a few years until you own it outright, but what benefits can La Crescenta, Pasadena, Glendale, Tujunga, Burbank, Eagle Rock, Altadena or Sylmar, CA enjoy? Here are some of the top reasons to consider buying:

• The biggest reason people buy a Toyota model is because they enjoy the fact that at the end of the loan terms, its completely theirs. 
• There are no mileage restrictions when you are paying off a loan.
• With buying, you can build equity and credit if you make your payments on time each month.
• If you enjoy customizing your vehicle, this is the option for you, because you can put bumper stickers, new paint, or other added flair to your vehicle.

Leasing

Leasing in the option that some drivers aren't completely sure of, so here are our top reasons to lease your next new Toyota model:

• Many drivers enjoy the idea of having a new vehicles every few years, which is possible because your lease terms are limited to a short period of time and you can trade in at the end for another brand new vehicle.
• Since you won't be taking a loan out for the full purchase price of the vehicle, your monthly payments could be lower.
• Many of our leased vehicles are under certain warranties and protection from Toyota, making it easier for you to care for your vehicle and keep up with the routine maintenance schedule or unexpected repairs.

For more information, contact our financing team today.  We'd be happy to help you find the right Toyota lease or auto loan for your unique situation and needs.