Buying vs Leasing

Should you buy or lease a car from Toyota of Clermont?

If it’s time to get a new Toyota near Orlando, make sure you explore all the options available. Many people will automatically jump to the conclusion that purchasing a new car is the right decision for them. However, did you know that you can also lease a car from Toyota of Clermont?

There are pros and cons to both leasing and buying a new Toyota near Orlando. However, the choice that’s right for you simply comes down to personal preference and drive time needs.

Should you buy or lease your new Toyota near Orlando?

If you’ve never purchased or leased a new vehicle before, then there are some details and factors you’ll want to be aware of before making a decision. The main difference between purchasing a new car versus leasing one is that with buying you’re taking the vehicle home for the long-term. With a lease, you’ll be returning the car at end of the lease agreement.

What are some other factors drivers should be aware of when deciding to lease or buy a vehicle?

Expenses

• Purchasing a new Toyota can sometimes be more costly in contrast to leasing. This is because if you’re buying a new car you are paying for its ownership.
• Leasing, however, gives the option of getting a new model-year for a lower price because you’re only paying for depreciation costs instead of ownership.

Flexibility

• If you like to drive different cars, then chances are a lease might be an attractive choice.
• With a lease you’re only using the car for a set amount of time, which is outlined in the lease agreement.
• When you return the car, you have the option of leasing the same model again or opting to get a new lease on a different vehicle.

Customization

• The type of vehicle a driver owns can sometimes be a reflection of individual style.
• However, the ability to modify your Toyota isn’t an option if it’s leased. With a leased vehicle, drivers must return the car in its original condition.

Restrictions

• Along with not being able to customize your vehicle, car leases normally come with a mileage cap on it.
• If you love to hit the road on a regular basis and travel long distances, buying your new Toyota means you don’t have to worry about exceeding the mileage that would be allotted in a lease agreement.

Auto Care and Warranty

• Whether you choose to buy or lease a new car, it’s important to give it regular auto service so that it continues to offer the performance you want.
• All new Toyota cars come with Toyota Care, which comes with a warranty that helps cover the costs of basic and routine maintenance and offers 24-hour roadside assistance. However, this service only lasts for the first two years and the owner is responsible to cover these costs.
• With a car lease, routine maintenance and auto repairs are complimentary for however long the lease agreement is for. This means that the driver never has to worry about unexpected oil change – it’s already covered.