When it's time for a new vehicle, one of the biggest decisions is whether to lease or finance your Toyota.
Leasing a Toyota
When you lease, you're essentially renting the vehicle for an agreed-upon length of time, typically 24 to 36 months. Some key factors to consider with leasing:
- Lower monthly payments
- Mileage limitations, with fees for going over the agreed mileage
- Easy lease-end options; simply return the vehicle or purchase it
- Always driving a late-model vehicle with the latest features
- Ideal if you prefer a new car every few years
Financing a Toyota
With financing, you're purchasing the vehicle, usually by taking out an auto loan. Key considerations include:
- Higher monthly payments, but you own the vehicle once the loan is paid off
- No mileage restrictions; drive as much as you want
- Ability to customize or sell the vehicle as you wish
- Ideal if you plan to keep the vehicle long-term
Contact Us to Explore Your Options
Still not sure whether leasing or financing is right for you? The friendly, knowledgeable team at Empire Toyota is here to help. We'll take the time to understand your needs and budget, explain your options, and help you make an informed decision. Contact us today to get started.
