To buy or to lease? That is the question facing shoppers considering a new car in Tyler, TX, but if you are reading this, your questions are about to be answered! Classic Toyota in Tyler, TX is here to assist you in figuring out whether purchasing a new Toyota or leasing a new Toyota is better for you. We have a wide selection of new Toyota models available for purchase or lease, including the Camry, Corolla, RAV4, Avalon, Land Cruiser, Sienna, Tacoma, Tundra, Highlander, Prius, and more! Think about your goals for getting a new car and how you plan to use the vehicle. If you are having trouble deciding between buying a new Toyota or starting a new Toyota lease, Classic Toyota is here to help. Check out our handy Buy versus Lease guide below.
Should you buy or lease? Classic Toyota in Tyler can help you decide. With our Buy vs Lease guide, you can get the most for your money and out of your next new car.
Buying a new car has great benefits, which include:
If you plan on buying a car, you must consider that you will likely need a higher down payment and make higher monthly payments, you will be responsible for the car’s maintenance cost once the warranty expires, you will have to sell or trade your vehicle if you want to switch cars later on, new cars lose value over time.
The benefits of leasing a new car or truck include:
If you are thinking about leasing a new Toyota keep in mind that you won’t own the car at the end of your lease term (but you will have to option to buy it if you choose), you will get limited yearly mileage and will have to pay for exceeding that limit, leasing is less economical over a long period, excess wear and tear costs are your responsibility, and if your driving need change, it can be expensive to break your lease early.
Now that you have got the basics, come in to Classic Toyota in Tyler, TX and talk with our financial advisors and sales team about your new Toyota purchase or lease options.