Should I Buy or Lease My New Toyota? | Bradenton FL
Buying vs. Leasing
Which Is Right For You
We want to make your purchase process as hassle-free as possible at Gettel Toyota of Lakewood. Torn between buying or leasing a new Toyota? Check out our simplified chart we’ve created that breaks down the pros and cons of either option. Purchasing a car doesn’t have to be complex! Simplify your decision-making process even further by using our payment calculator and online pre-approval form so you can estimate your monthly payment with ease. Ready to get the ball rolling? Keep reading to find out whether buying or leasing a new Toyota is the best option for you!
Why Lease a Vehicle?
Minimal Upfront Cost
When leasing a new vehicle, you’re agreeing to make monthly payments with the knowledge that you’ll return the vehicle to the dealership at the end of your agreed lease period. Leasing is essentially renting for an agreed period of time, so your financial responsibility and monthly payments may be reduced. And, especially with our new car specials, we have leasing options that require no down payment, or $0 down, to start your contract. Upfront costs to leasing can be little to none.
Lifestyle Flexibility
On average, leasing periods range from 24-60 months, enabling you to make affordable payments with shorter terms. Lessees are given around 12,000-15,000 miles per year, but you can purchase more miles at the signing if needed. When leasing, you can drive a new vehicle every few years without the hassle of trading or selling and still maintain the option to buy your Toyota at lease-end. Pretty sweet deal./p>
Warranty Protection
Since most lease periods last between two or three years, your new Toyota could still be covered under its ToyotaCare warranty the entire time you drive it. And, if you purchase our Lease Excess Wear & Tear Protection Plan, you could wave the cost on everyday dents and scratches. The burden of an owner’s financial responsibilities doesn’t apply to lessees.
Why Purchase a Vehicle?
True Freedom
Ownership, on the other hand, is a huge benefit. Once you’ve paid off your vehicle, it’s yours to sell, trade, or keep for years to come. You are given the freedom to keep your new car as long as you want and, similar to deciding which color to paint a wall in your purchased house, you can choose to customize your car to match your lifestyle. Owning is a win-win investment that leasing can’t offer.
Financial Flexibility
While most finance terms require a down payment, buying may be more financially responsible long-term. For one, you have more financing options than leasing, and you can decide to purchase the vehicle in full with cash, or finance through us or another lender. Once you’ve finished your monthly payments for the vehicle, that money is secured when you keep your vehicle, like a good return on an investment. When leasing, that money is lost when you return the car to the dealer and you’ll have to start over again.
No Mileage Restrictions
When you’ve finished your payments when buying, you’re the boss. That means no mileage restrictions (and fees if you go over) or needed permission to leave the country with your vehicle like leasing would require. Ownership means autonomy from lenders, and the satisfaction of independence.
Learn More
If you’re ready to be the proud owner or lessee of one of our new Toyota models, feel free to contact us or visit Gettel Toyota of Lakewood at 5959 E State Rd 64, Bradenton, FL 34208. We look forward to serving customers near Sarasota, Brandon and Ruskin.