If you’re thinking about getting a new Toyota, you have two main options: buy or lease. Buying the car – either with a single up-front payment or with a car loan that’s paid off in monthly increments – means you own it outright. Leasing means you’re renting the car and must return it after a pre-arranged period, which is usually two or three years. Both options have pros and cons to consider.
Comparing Buying vs. Leasing a Toyota
The Advantages of Buying Your Toyota
When you buy a new car, you have full ownership of it. If you purchase it with a car loan, you’ll eventually pay off the final monthly payment, whereupon the lender will send you a Lien Release stating that the car belongs to you entirely and cannot be repossessed.
Many drivers take a great deal of pleasure and pride in owning their own vehicle. You may well become attached to your car and you never have to return it to the dealership, as you would with a lease.
Drive and Customize as Much as You Like
When you own your car, you can drive it as much as you like without worrying about the wear and tear limits or mileage restrictions stipulated in most lease agreements. You can also personalize your car to your heart’s content with bumper stickers, performance accessories and parts, add-ons, and more.
Sell Your Car If Need Be
A well-maintained Toyota can make a fine investment that lasts for many years. Although new cars depreciate in value from the moment they’re purchased, a well-kept pre-owned car should be able to fetch a decent price if you ever wish to trade up for another vehicle.
The Advantages of Leasing Your Toyota
Leasing a car may be a better option if you’re looking to stick to a budget. When leasing, you pay a portion of the car’s value each month and there’s often no need for a down payment, as there is when purchasing.
This allows drivers to gain access to a car at a lower cost. Alternatively, you might choose to lease in order to gain access to a higher trim of a vehicle that when buying would be more pricey.
You Can Regularly Upgrade Your Car
After leasing a car for a couple of years, you can easily return it and lease a newer model. Provided you keep each car you lease in good condition and follow the guidelines outlined in the lease agreement, you can use leasing to keep driving cars with the newest technological features. With leasing, there’s no need to go through the lengthier process of selling your old car before buying a new one.
Explore Options for New Toyota Leasing and Buying in Frederick, Maryland
Visit DARCARS Toyota of Frederick today to talk through your options for buying or leasing with a helpful professional. We aim to provide a personalized, hassle-free car purchasing or leasing experience for all of our customers.
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