Buy vs Lease

Copeland Toyota Financing | Leasing VS Loans

Helping Brockton, MA Drivers Secure the Best Financing Option is What We Love to Do

Here at Copeland Toyota, we know that no two of our customers are the same, so if you're someone from Brockton, Taunton, Braintree, Stoughton, or Randolph, MA and you're wondering what the right financing solution is for you and your unique situation, join us below as we lay out the key differences between leasing and loans, sharing why some folks might feel pulled one direction or the other. We can't make your decision for you, but we can certainly make sure you have the knowledge you need to make the right decision. Read more below, and if you find yourself with any pressing questions, reach out to us at (866) 414-9614 and we'll clear up any confusion.

Advantages to Buying VS Leasing a New Toyota Vehicle

  • Pride of Ownership: There's a certain sense of pride and satisfaction that comes from being the owner of your own vehicle, and for some folks, that pride of ownership, the ability to say, "This is my car." is important.
  • No Limits to How You Drive: While a lease limits how many miles you can drive, how long you have the vehicle, and whether you can customize the vehicle in addition to prescribing when you have to get service, a vehicle you purchase with a loan doesn't have any of these restrictions. You're able to drive as many miles as you'd like, you can customize to your heart's content, and you don't have to return the vehicle at the end of your 'terms'-it's yours.
  • Building Equity Through Monthly Payments: Financial security is what most people strive for, and if you're at a place in your life where building equity is of interest to you, you'll be glad to know that your monthly payments help you build equity.

Advantages to Leasing VS Buying a New Toyota Vehicle

  • Price & Monthly Payments: The monthly payments of for your lease are usually lower than the monthly payments on a loan, but it can depend on factors like down payments and interest rates. However, with leasing, you don't actually pay for the sticker price of the vehicle, you pay for the cost of depreciation during the time you have the vehicle.
  • Cost of Repairs, Warranty Coverage: Since leases are on new vehicles, and new vehicles usually remain under manufacturer's warranty for the course of a lease, when you lease, many repairs could end up covered for you, saving you money down the line.
  • Keep Your Daily Drive Fresh: A lease usually runs between three to five years, so if you're someone who wants to get behind the wheel of a new vehicle every few years, a lease is a great choice for going one to the other without much in between.
  • Lease-End Options Keep Your Choices Open: Let's say you fall in love with your leased vehicle-don't worry, because you have a few options at the end of a lease, one of which is buying the vehicle for the remaining value. You can also turn it in and move on, no strings attached!


 
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