Lease & Finance Options For You!
| Options | Buying | Leasing |
|---|---|---|
| Down Payment | Traditionally a higher down payment. | Usually a smaller down payment and less money up front. |
| Mileage Limits | No mileage limits. | Mileage limits dictated by Toyota lease. |
| Monthly Payments | Usually higher monthly payments, but payments go toward eventual ownership. | Normally lower monthly payments, but will not own vehicle. |
| Maintenance/Wear | You can service or maintain your Toyota as you see fit. | You must service and maintain your Toyota per manufacturer recommendations as listed in your lease agreement. |
| Ownership | Over your payment period, you will pay for the cost of your vehicle. Once payments are complete, you will own the vehicle. The title is in your name. | You only pay for what you use of your Toyota, giving you the flexibility to select a new Toyota once your lease term ends. |
When you're ready to invest in a new Toyota, we know you have a lot of choices to make. One of the most important choices, though, is whether you want to lease or finance your vehicle. There's a lot of debate on the benefits of leasing vs. financing a new Toyota, and we're here to help you make the right decision for your budget and lifestyle. If you're trying to decide whether leasing or financing makes the most sense for you, visit our Toyota dealership near Saginaw, MI, for assistance. We'll talk to you about the differences of leasing vs. financing and help you determine the best option for you!
One of the most important factors to consider when deciding whether to finance or lease a new Toyota is how long you want to drive the vehicle for. If you want a Toyota Tundra that you can drive to the job site for a few years and then trade it in for the latest model, leasing makes the most sense for you. If you want a Toyota Camry that you can drive for years to come and customize for your specific needs, financing the car makes much more sense. When you lease a Toyota, you will not own the vehicle. You'll make smaller monthly payments and only pay for the portion you use. When your Toyota lease is over, you'll be able to turn it in and walk away if you wish or upgrade to a newer Toyota with the latest technology. If you choose to buy your Toyota, you're more likely to have a higher down payment and higher monthly payments, but all your payments will help you eventually own the vehicle. This means you can do with it as you please, and have the flexibility to put as many miles on the odometer as you like or customize it to your heart's content. Check out more of the benefits of buying vs. leasing a Toyota here. When you've made your decision, come to Labadie Toyota to pick out the new car, truck or SUV of your dreams!
Make an Inquiry
* Indicates a required field