Compare the Advantages of Leasing VS Buying | Murray, UT

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SHOULD YOU BUY OR LEASE YOUR NEXT TOYOTA?

So you're interested in a new Toyota, but aren't sure whether you want to buy or lease. We can help you decide which option is best for you.

LEASING BENEFITS: WHY SHOULD YOU LEASE YOUR TOYOTA?

Lower monthly payment.
Monthly lease payments are typically lower than monthly loan payments because lessees only pay for the use of the car, not the entire vehicle. Many times you can lease a Toyota with little or no money down, so there is also less out of pocket expense at the onset!

Upgrade your car more often.
If having the latest technology or safety (or styles or trends) is important to you, a lease on a vehicle might be for you!

Have more options.
When you lease, you have options available at lease-end: You can choose to lease another Toyota or purchase the one you have grown to love at a much lower, no hassle pre-determined price. You can even turn it in and walk away.

Without the hassle of selling or trading in your old car (many times for less than you owe), you can enjoy a simple process that allows you to drive a new vehicle every few years!

Many people lease for the length of time the manufacturer's warranty is in effect. This way, if any repairs are needed they are typically covered by the warranty. Toyota offers a standard 5-year/60,000 mile limited warranty, and additionally offers coverage for the powertrain (engine, transmission, drivetrain) for 6 years or 60,000 miles.

OR SHOULD YOU FINANCE YOUR NEXT TOYOTA INSTEAD?

Ownership.
 At the end of your loan, you own your car with no payments. You can love your Toyota for as long as you want and it's all yours.

No Limits.
Drive an unlimited amount of miles with no penalty - if you typically drive your car more than 12,000 - 15,000 miles per year this option is preferable.

Personalize.
If you like to customize, modify, or repaint, then buying a Toyota is probably your best choice.

True Love.
Do you get emotionally attached to your vehicles? (Come on, we know some of you do!) You may prefer to purchase to avoid the separation anxiety.

Asset Retention.
When you buy, you retain the benefit of trade-in or resale value. However, since a car is a depreciating asset, you may find yourself a bit upside down if you choose to trade unless your loan has been fully paid off by that point.
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