When you’re looking to get behind the wheel of a Toyota, you’ve got options. At Cox Toyota, we’ve taken time to write a thorough overview of the differences between leasing vs. buying a Toyota. Here, we’ll cover our finance center and the core differences between the two options.
We look forward to our customers in and around Burlington, Greensboro, and Durham, NC, learning more about the different ways to move forward.
When you’ve reached the point when you’re ready to take home your dream Toyota, its time to talk financing. When you visit with our team of financial professionals, they’ll go over your unique circumstances in order to work up a payment plan that fits your needs. Whether that means entering into a lease or securing an auto loan, you’ll make that decision by working one on one with them.
While this step can be a lot to consider, especially for first time customers, our team has provided a helpful suite of online tools to prepare you for it. They are:
Leasing comes with the immense benefit of non-ownership. Many drivers cite this as a major reason to lease. Not being held responsible for lifetime ownership can be extremely liberating. Knowing that you’re only responsible for minimum upkeep is great. This is especially terrific as a lease tends to have a life span of only two to three years, meaning you can move from vehicle to vehicle with ease.
Having a short lifespan means you can get behind the wheel of new Toyota vehicles just hitting the market. If you’re interested in cutting-edge technology or hardware upgrades and redesigns, then this is a true benefit. As we mentioned before, you can slip from one lease to another easily, and this is a case where that shines.
Buying your Toyota vehicle is advantageous for many reasons. A major one is that it is completely yours to drive and enjoy. This means everything from personalized customization to installing upgrades is yours to do. You’ll also be able to travel anywhere you desire, as you won’t be limited by mileage allotments.
Another benefit is that, in the case of a new Toyota model, you’ll be the first owner. If you want to turn your vehicle into an investment for later sales, then being the sole owner makes it that much more attractive to potential buyers as well as a trade-in.
Now that our customers in and around Burlington, Greensboro, and Durham, North Carolina, know more about the differences between buying and leasing a Toyota vehicle, it’s time to act. Make sure you schedule your Toyota test drive today with us at Cox Toyota!