Lease Or Buy?

Compare Leasing vs. Buying a vehicle in Lemon Grove, CA
Learn the differences between leasing and financing

There are advantages to both leasing as well as buying, and much of how that applies to you really depends on your personal situation and driving preferences. Lease programs at Larry H. Miller Toyota Lemon Grove give you freedom and flexibility to change vehicles, many times with a lower payment than if you were to purchase the same vehicle. Visit us to learn all of your options when it comes to leasing your next vehicle in Lemon Grove, El Cajon, Chula Vista, Kearny Mesa, or San Diego. Read below to learn if leasing is the right choice for you. Leases and car loans in Lemon Grove, California are just two different methods of automobile financing. One finances the use of a vehicle, and the other finances the purchase of a vehicle.
If you are ready to buy or lease a new Toyota in Lemon Grove, CA, come to Larry H. Miller Toyota Lemon Grove today. Our Toyota specialists will be happy to help you determine which option is the best one for you. Read below to find out more!

Advantages of Leasing - What are the Benefits?

• Less commitment, less payment. Monthly lease payments are typically lower than monthly loan payments because lessees only pay for the use of the car for a determined period of time, not the entire vehicle. Toyota has great lease options available with affordable monthly payments, and you can find out what options you have by completing the form on this page or calling.
  
• Upgrade your car more often. If you are one of those individuals who likes to upgrade your phone every time a new one is released, then leasing might be for you since you can essentially do the same thing, just with your car. Having the latest Toyota technology or safety (or styles or trends) may be important to you - if so, a lease on a vehicle might be for you.
• More available 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. Or, you can 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.
• Little to zero vehicle maintenance. 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.

 

Advantages of Buying - Why Buy?

• Own it. When you purchase a car, truck, SUV, or van, it is then yours. Once you pay the balance in full, you can do whatever you wish with your vehicle. This is the best option if you like "titles", or if you plan to keep your car for a long time.
• Drive it. When you buy, there are no mileage limits. Drive it as long and as far as you desire. If the open road frequently beckons your name, you will be better off as an owner rather than a lessee.
• Personalize it. Make it your own! Toyota owners can be very creative when it comes to customization. Whether it's by adding 20-inch custom colored wheels, or monster lift-kits - if you like your vehicle to reflect your personality, then you might want to buy since you cannot customize a leased vehicle.
• Love it. Some people view their car as a member of the family and if you're one of those folks who get emotionally attached to your cars, then you might want to buy to avoid the separation anxiety that may come when it's time to return your lease.
• Trade it. Sell it. Loan it. Whatever. When you buy a Toyota car, SUV, or truck, then any asset value becomes yours. This can be good, or not so good. A vehicle is a depreciating asset, so you may only benefit if you keep your car for a long period of time. But, if you keep it for a long time and pay it off, you can enjoy having no payments, and you can also use it as trade collateral, or sell it outright for cash in your pocket. Any money you make on it is yours when you buy once the loan has been repaid.