Buying vs. Leasing a Car, SUV, or Truck in Cincinnati, OH
Are you in the market for a new Toyota vehicle? When it comes time to hit the West Chester-area streets to shop around for a car, truck, or SUV, you will have two choices – to buy or to lease. When visiting our dealership in the Mason, people often wonder about getting a lease vs. buying. If you stop by our showroom asking, “Should I buy or lease?” we have the answer for you!
Having a Lease vs. Buying
Even though there are lots of benefits to having a lease vs. buying, but there are important things to keep in mind when making the decision:
- What is your budget?
- How do you use our vehicle?
- How many miles do you drive?
- Do you want equity in your vehicle?
Here at Beechmont Toyota, we compiled a list of benefits of having a lease and buying, so you can make the informed decision. It’s important to use that you find the Toyota vehicle that has you excited to drive, enhances your daily commute, and won’t break your budget.
Have you found your dream vehicle? Need to schedule a test drive? Give us a call today!
Benefits of Buying a Car
We offer new vehicle financing rates as low as 0% APR with qualifying credit on your next Toyota. With rates this low, almost all of your monthly payment is repaying the principal and not the interest.
When you purchase a vehicle, you don’t have to worry about mileage overage fees and you can customize it with accessories and genuine Toyota OEM parts. You can do with your vehicle whatever you want – because it’s yours!
In addition to low-interest rates, we have loans available for up to 84 months, allowing you to get a new Toyota regardless of your budget.
After you pay off your Toyota you will own it and have equity that can be leveraged if and when you purchase your next vehicle.
Benefits of Leasing a Vehicle
Low Cost Repairs
Your vehicle is typically covered under the factory warranty for the duration of your lease, so you can have peace of mind.
Lower Monthly Payments
Your monthly payments may be significantly lower when leasing because you’re only paying on the value between the purchase price and the vehicle’s residual value at the end of the lease – not the entire amount.
If you’re the kind of person who enjoys driving new vehicles with all the latest technology, leasing allows you to pick out a new model every two to four years (the duration of your lease).
No Effect on Trade-In
When your lease is up, you won’t have to worry about the value of your vehicle or how it will affect the purchase of a new one. You simply return your vehicle and choose a new one. Learn about more car-buying tips like direct vs. indirect financing with Beechmont Toyota.