There are many factors to consider when deciding on a new vehicle. One major question is whether to lease or purchase your next car, truck or SUV. Buying and leasing are both great options! We hope this will help you decide which option makes the most sense for you.
Choosing to buy a new Toyota has many benefits. Let's see if we can figure out which route is best for you.
The benefits of buying versus leasing are:
- You are not limited by mileage. When you buy a vehicle, you can drive as many miles as you want without penalty.
- You can use your vehicle as a trade-in on your next purchase.
- Over time, the vehicle will be paid off and there will be no monthly payment.
- You are free to sell your vehicle at any time for any reason. You are not bound to time-dependent contracts
Some benefits of leasing include the following:
- Depreciation of the vehicle does not negatively affect you.
- At the end of your lease, you have the option to return your vehicle without having to find someone to purchase the car from you before seeking your next vehicle.
- Typically, a lease has a lower down payment and lower monthly payments for more-day to-day affordability.
- When leasing, you are not as limited by your credit score.
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When weighing the pros and cons of leasing vs. buying a car, consider your own personal needs and how you plan to use your vehicle. Buying a Toyota provides more flexibility and customizability whereas a Toyota lease provides you with greater affordability month over month and no long-term commitments.
Your personal needs and preferences will help you make the choice to buy vs. lease your next vehicle. Whether you choose to lease or buy a new Toyota, Pat Lobb's Toyota of McKinney in McKinney, TX is happy to help you find the vehicle that is perfect for you.
Pat Lobb's Toyota of McKinney would be happy to help you buy or lease a Toyota in McKinney, TX.
Once you weigh the pros and cons of buying vs. leasing, there are many options at Pat Lobb's Toyota of McKinney to help you get the vehicle that is the perfect fit for you. Come by and see us today to get started on your car lease or purchase! You can find us at 3350 S. Central Expressway, McKinney, TX 75070 or give us a call at (972) 441-5729.
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