Buying vs Leasing a New Toyota Car, Truck, SUV, or Minivan: The Experts at Bennington Toyota Are Here to Lend a Hand

If you're a Troy, NY driver currently in the market for a new Toyota vehicle, it has probably occurred to you that you have the option of buying or leasing it.  Maybe you've always done one or the other, but perhaps you are considering the other option this time.  The only problem is that many people don't know where to get accurate information.  There are a lot of falsehoods circulating about both choices, so it would be nice to get the truth from experts in the industry.  The team at Bennington Toyota, located at 751 N Bennington Road in Bennington, VT, are those experts and are here to provide you with everything you need to make the best financing decision for your budget and lifestyle.

Who Does Leasing Work For?

At its core, there is nothing mysterious about a Toyota lease. While it may seem confusing for some Rutland, VT drivers, leasing is really just a financing option. With this choice, drivers, for a predetermined mileage and time, are able to get behind the wheel of a new Toyota car, truck, SUV, or minivan. Leasing has certainly experienced a lot of growth over the past several years and that doesn't seem to be slowing down. With all that being said, many drivers wonder if leasing is right for them. There are a lot of folks who decide to enter a Toyota lease agreement, and they all have different driving habits and budget requirements, meaning that leasing works for lots of people. There are a few general types of folks that lease quite frequently. They include:

    • People who don't drive a lot-15,000 miles or fewer a year.
    • Folks who enjoy the idea of getting behind the wheel of a new vehicle every few years.
    • Those who have absolutely no interest in customizing their vehicle.

How Can I Benefit from Leasing?

Many North Adams, MA drivers want to know how a Toyota lease could benefit them.  It is one thing to think that leasing could fit your lifestyle, but the perks have to get you excited.  Some individuals are attracted to leasing because they've heard the advertising about the Toyota financing specials that are currently available at Bennington Toyota that are touting attractive payments on some of their favorite Toyota models, while others are curious because they have heard their friends and neighbors talk about the joys of leasing a new Toyota. Some of the perks for leasing customers include:

    • A low monthly payment on a new Toyota car, truck, SUV, or minivan that they couldn't get with an auto loan on the same model.
    • The ability to enjoy the latest upgrades on new Toyota models every few years.
    • The peace of mind in knowing that you have manufacturer's warranty coverage for the time you have the vehicle.

Who Does Buying Work For?

While there are certainly a lot of individuals testing the leasing waters nowadays, there are still many Pittsfield, MA drivers who choose traditional financing for their new Toyota vehicle.  Certainly, for many people, there is more comfort with an auto loan because they understand the way it works.  Essentially, with a car loan, a customer makes monthly payments to a lender, for a certain term, and at the end of that period, they own the vehicle outright.  This method works for many types of drivers, and, just as with a Toyota lease, these people come from a vast array of backgrounds.  Some people who choose to buy their new Toyota include:

  • People who can't adhere to a mileage limit because they drive too many miles, or have employment that requires an unpredictable amount of travel.
  • Folks who are exhausted by the thought of having to shop for a new car every couple of years.
  • Drivers whose work requires them to put some harsh mileage on their car.

How Can I Benefit from Buying?

Just like a Toyota lease, an auto loan comes with its own set of perks.  These benefits are specific only to those customers who choose to purchase their new Toyota car, truck, SUV, or minivan.  Toyota also offers plenty of special promotional interest rates and terms on popular models, so it is important to investigate those options.  Some of the other benefits include:

  • The equity you build when paying off an auto loan can be used toward buying another Toyota vehicle.
  • Fees for going over your mileage limit, as well as excess wear and tear obligations, are not something you need to be concerned about if your buy your new Toyota.
  • You are able to customize your Toyota vehicle in the way you want.

Making the Call

The finance center at Bennington Toyota, in Bennington, VT, is here to help you explore your options.  Give us a call, or fill out our financing application, to discover all the potential financing solutions we have for you.

New Toyota SpecialsNew Toyota Inventory

Make an Inquiry