Leasing vs Buying
Deciding to buy or lease your car is one of the more crucial decisions in the car-buying process. Each choice comes with its own set of benefits that make it more appealing than the other option. However, finding out what works for you can take some work.
Luckily, our team at Mike Calvert Toyota is here to help make the process simpler. Below, we detail the benefits of leasing vs. buying for drivers near Houston, Sugar Land, and Pearland, TX.
Contact us with any questions you have along the way!
There’s also a chance that you may have lower maintenance and repair costs with your Toyota lease.
Since you’ll only be driving the vehicle for a certain amount of time, you’ll also have the benefit of trying out newer models. That means when your lease comes to an end, you’ll have the opportunity to upgrade to a newer model with all of the advanced technology you crave.
Finally, at the end of your lease, you’ll have a number of options on what to do next, including:
- Drop off your vehicle.
- Exchange it for a new model.
- Exchange it for an upgraded version of the same model.
- Purchase your leased car.
If you’re after a new and improved Toyota model, you’ll be happy you went with a lease.
Why should you consider buying instead of leasing? Well, it’s a pretty straightforward financing process. Plus, the vehicle is fully yours, so you’ll have much more freedom to modify it the way you want.
Additionally, you’ll also have fewer restrictions on your driving, like a mileage limit that you might see on a lease deal. When you’re ready for a new vehicle, you can also use your purchased car as a trade-in, which can possibly contribute toward your next purchase.
Lastly, there’s a chance that you may see more long-term financial benefits with buying. Depending on the model you choose and what a potential lease would look like, buying might be more financially ideal for you than leasing.
In the meantime, you can work through the finance process with any of our online finance tools, such as:
- Finance application
- Payment calculator
- Value your trade tool
You can get the ball rolling with our finance application. Get preapproved and save some time when you visit our dealership. Next up, the payment calculator can provide you with an estimate of your monthly payments, which’ll prove especially useful if you plan on leasing.
Finally, the value your trade tool takes basic information about your car and determines its approximate value. Once again, there’s a chance you may be able to put some of its worth toward your next vehicle.
Both buying and leasing have plenty of benefits for drivers around Houston, Sugar Land, and Pearland, TX. Finding the right option depends on your lifestyle and how you’d like to finance. Whichever path you choose, you can always rely on our finance center to help you throughout the entire process.
Contact or visit us at Mike Calvert Toyota to get your buying or leasing journey started today!