Buying vs. Leasing Cars in Brockton, MA

Are You Looking To Buy or Lease A New Toyota?

Are you considering purchasing a new vehicle, but don’t know whether you should buy or lease? Our  dealership carries an extensive inventory of high-end Toyota vehicles, available now for buying and/or leasing. Our staff wants to make sure you receive the best-fit vehicle with the best-fit term, custom to you. Schedule an appointment with one of Toyota-trained staff members to discuss buying and leasing terms, today. 

When it comes to buying or leasing a car the options can be confusing. To assist you in making an informed decision, Copeland has provided the pros and cons of  “buying vs. Leasing” below, in hopes you find it informative and useful. 

What is Leasing A Car?

Leasing a vehicle is the same as renting a car for a prolonged period of time. Thus, instead of paying for the WHOLE vehicle, you just pay the amount of vehicle depreciation that is estimated to take place during your chosen lease term. You are also responsible for paying interest rate and fees. Most of the time, you would pay a down payment for your desired leased car. Upfront costs and payments are explained further in this article. The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, you pay less. Review the lease ratings to see which cars retain their value.

Typical lease terms are anywhere from 2 to 3 years. When your lease term is completed, you will return the vehicle to your dealership. The vehicle is required to be in top shape when returning, excluding inevitable wear and tear.If you would like to lease a Toyota, test drive possible vehicles, or talk to a Sun Toyota representative, you can schedule an appointment here! 

What is Buying A Car?

If you buy a new or used vehicle downright, you possess the vehicle in its entirety. This means you are not bound to return your vehicle after an extended period of time, as you would when leasing. This gives you the freedom to make any additions or special touches to personalize your vehicle. It also gives you the ability to resell or trade-in your vehicle for profit. Upfront cost and payment options are explained further in this article. If you would like to purchase a new or used Toyota, test drive possible vehicles, or talk to a Copeland Toyota representative, you can schedule an appointment here! 

Leasing:

You do not own the car. The finance institution that you leased your car through actually owns your vehicle, even when it is in your possession. When leasing, you’re paying for the use of the vehicle. Just like renting a car when you go on vacation. This is usually why you pay less per month in a lease than if you were to buy the car.

However, if you want to eventually own the car you can. When your lease terms are up, you DO have the option of buying the previously leased vehicle outright. This is usually defined in the lease contract. 

FUTURE VALUE:

Buying:

Your car is a big investment. The moment you drive it off the lot, the value depreciates. If you choose to sell it or trade it in , in the future, your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. Here are some ways you can keep the value of your vehicle high:

1. Keep An Eye On Your Mileage - the first question any used-car buyed will ask is “How many miles does it have?”. It is simple. The lower the mileage, the higher the value. The average number of miles per year is anywhere from 12,000 to 15,000 miles. If you drive above 20,000 miles a year, you are considered a heavy user. 
2. Store Your Vehicle In A Proper Place - If you have a garage, use it! The sun and outside conditions can be damaging overtime. Just as humans wouldn't like being left out in the elements, neither does your vehicle! When left out paint can chip, rust can form, and other possible damages may occur. If you do not have a garage accessible to you, try to park your car in a shaded area as often as possible. 
3. Keep Your Car Smelling Nice- While we are always on the go nowadays, it seems like we live in our cars. However it is important to remember that when selling a vehicle, no one wants one that smells like food and cigarettes. To keep your car smelling and looking clean, limit the amount of smoking and eating in your vehicle. 
4. Regular Maintenance Is Vital- servicing your car on a regular basis is vital to the longevity and future value of your vehicle. Routine maintenance can help you avoid large costly repairs down the road. It also ensures the stability of your vehicle. Here at Copeland Toyota we offer high-value maintenance service, completed by our Toyota trained technicians. View our services or schedule an appointment today!

BUY OR LEASE A VEHICLE WITH COPLAND TOYOTA | New Vehicles In MA

Ready to purchase your new Toyota? Copeland Toyota  is here to assist you. Our dealership carries a high-end inventory of new and used vehicles, ready to be bought, sold, and leased today! Stop into our dealership, located in Brockton, MA. There you can discuss terms and conditions with one of our Toyota associates, or test drive a potential new vehicle. Browse our Toyota inventory on our website to view our available vehicles. Have questions? Please feel free to contact a member of our support team, and they will be happy to answer any questions you may have in regards to buying and leasing a vehicle with us. Here at Copeland Toyota, it is our mission to help you find your dream vehicle!