Leasing vs Buying in New Castle, DE

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Leasing vs Buying in New Castle, DE

Have you finally decided which of our stunning vehicles you’d like to take home from Price Toyota? If so, you still have a few decisions to make, so don’t hesitate to get in touch with our Finance Department for some assistance. While most drivers are familiar with how buying a car works, fewer individuals are up to speed with what leasing one entails. To ensure that you have all the facts, we’ll be diving into both avenues!

Financing a Purchase

If you’ve ever purchased a vehicle, then you probably financed it with a car loan. Since few can afford to shell out for the full sticker price, this is the way that most people choose to get behind the wheel. With this path, we simply break up the cost of your model into monthly segments that you’ll pay over the course of four to seven years. Once the loan and any accumulated interest have been paid in full, the car is yours to keep for as long as you wish! Plus, you’ll get to drive it around as much as you please and eventually pass it down to your kids.

What Is a Lease?

So, how exactly does a lease work? Instead of paying to own, you’ll be borrowing a brand-new car, truck, minivan, or SUV for a short period of time—about three years—before returning it to us for an upgrade. The major advantage here is the fact that your monthly rate will be lower when compared to buying, since your payment is determined by the vehicle’s depreciation. Additionally, you get to choose your yearly mileage limit, making it easy to fit a lease into your budget and lifestyle. After your contract expires, you can choose to lease the latest iteration of your current ride or a new model entirely. We would be more than happy to go into deeper detail if you wish to learn more!

Which Is Best For Me?

The choice between leasing and financing typically comes down to personal factors, such as your current financial situation, daily needs, and future goals. For instance, if you’re looking to make an investment for the long haul, then purchasing your ride might make more sense. The same goes for if you’re interested in a pre-owned model. On the other hand, if you’re low on funds but still want to drive a factory-fresh set of wheels, then leasing is more up your alley. Pursuing a lease is also wise if your tastes change frequently and you anticipate that you’ll want something new in a few years.

For additional information about leasing vs buying in New Castle, DE, give the experts at Price Toyota a call! We love helping customers with choosing the right type of plan for their needs, so we’ll do everything in our power to craft a contract you love. It’s just one reason why we’ve received so many positive reviews!


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Testimonials

Robert Z.
YELP
7-4-2020
Full Star Full Star Full Star Full Star Full Star

We had a very good experience buying our car here and just took it in for service. The service staff were very friendly and professional verifying our scheduled service and asking "is there anything else we can do for you ". Mentioned a noisy power seat back and this was diagnosed and parts ordered. We were given the name of a service person who kept us updated on the progress of the repairs. They were able to fix an issue with a hard shifting transmission with a computer update that our local dealer told us did not exist. Very satisfied and worth the extra drive for such a well run, friendly and professional business.

Liz Jones
GOOGLE
7-2-2020
Full Star Full Star Full Star Full Star Full Star

I was extremely pleased to see the business following social distancing protocols. Service attendants wore masks and kept their distance. They cleaned the car before and after servicing it. My remote key was placed in a plastic bag for my own safety. I was impressed and satisfied!

Steve Richardson
GOOGLE
7-2-2020
Full Star Full Star Full Star Full Star Full Star

First time buying at a dealership. Mike Casper was great and very accommodating on my test drive (bought my first manual transmission car and I'm still learning). No pressure experience, couldn't be any happier.

Teddie Gwynn
GOOGLE
6-30-2020
Full Star Full Star Full Star Full Star Empty Star

Friendly, professional service, AND great music while you wait.

Charles Azain
GOOGLE
6-23-2020
Full Star Full Star Full Star Full Star Full Star

Was very pleased at the speed of the recall on our 2014 Corolla. They said it would probably take about 4-5 hours but had it done in 11/2 hours.

Roscoe S.
YELP
6-19-2020
Full Star Full Star Full Star Full Star Full Star

Good service Great service employees

Mr. Cool
GOOGLE
6-16-2020
Full Star Full Star Full Star Full Star Full Star

Thai review is about there body shop! Mr. Zane is the best person go to he went above and beyond with issue we had appreciated him lot.

Margaret Schulties
GOOGLE
6-9-2020
Full Star Full Star Full Star Full Star Full Star

My husband and I had a fantastic experience purchasing our new truck. Mike Casper was our salesperson and he was extremely knowledgeable and helpful throughout the process. Ernie handled the financial aspect of our purchase and he was also very friendly and helpful. I truly can't imagine a better car buying experience then the one we had a Price Toyota!

Savonne Smith
GOOGLE
6-9-2020
Full Star Full Star Full Star Full Star Full Star

Charles Sheets was amazing ! Charles along with Ernie in finance made the process super easy. They educated me on the process and worked with me! Truly appreciate you two! Would deff come again 🙂

Flyboyern
GOOGLE
6-8-2020
Full Star Full Star Full Star Full Star Empty Star
Krishna Narra
GOOGLE
6-7-2020
Full Star Full Star Full Star Full Star Full Star
Dianne Siebold
GOOGLE
6-3-2020
Full Star Full Star Full Star Full Star Empty Star

We were in and out. The only problem was getting a return call from the service department.

Ranman03
CARGURUS
6-1-2020
Full Star Full Star Full Star Full Star Full Star

Very good response.

Sarah Cohen
GOOGLE
5-31-2020
Full Star Full Star Full Star Full Star Full Star

I had a great experience buying my Camry from Nikolaus! He (and the whole Price Toyota team) made me very comfortable buying my first car, accommodated my unusual scheduling needs during quarantine, and made the whole process smooth and easy. They were honest and upfront about costs and options, which I really appreciated, and I got a great rate from them. Would definitely recommend purchasing from Nikolaus at Price Toyota!

Mark R.
Mark R.
YELP
5-31-2020
Full Star Full Star Full Star Full Star Empty Star

Sales person was very kind and prompt. I believe they did a good jod there.

"Excellent experience"

setcohen
DEALERRATER
5-31-2020
Full Star Full Star Full Star Full Star Full Star

I had a great experience buying my Camry from Nikolaus! He (and the whole Price Toyota team) made me very comfortable buying my first car, accommodated my unusual scheduling needs during quarantine, and made the whole process smooth and easy. They were honest and upfront about costs and options, which I really appreciated, and I got a great rate from them. Would definitely recommend purchasing from Nikolaus at Price Toyota!

Sarah C.
YELP
5-31-2020
Full Star Full Star Full Star Full Star Full Star

I had a great experience buying my Camry from Nikolaus! He (and the whole Price Toyota team) made me very comfortable buying my first car, accommodated my unusual scheduling needs during quarantine, and made the whole process smooth and easy. They were honest and upfront about costs and options, which I really appreciated, and I got a great rate from them. Would definitely recommend purchasing from Nikolaus at Price Toyota!

Kevin Convery
GOOGLE
5-30-2020
Full Star Full Star Full Star Full Star Full Star

Tremendously polite, prompt and professional. I love dealing with this dealership. Was soured on Toyota after awful experiences with dealership in Concordville, PA, but this dealership is awesome.

Jerolyn Frink
GOOGLE
5-28-2020
Full Star Full Star Full Star Full Star Empty Star

They do a good job and are very nice.. but the prices are ridiculous your just paying allot for labor..I spent like 700.00 my parts were only 200.. I know mechanics have to get paid but lord..robbery

Jeremy Hall
GOOGLE
5-27-2020
Full Star Full Star Full Star Full Star Full Star

Came in on Memorial Day (I know... But I had to) and was seen immediately by Nick. He took the time to show me my first choice which was pre-owned. Didn't try to sell me new until I asked about the current promotion on new cars. He was bale to get me deal on a new car that was in my price range. All-in-all, I was in and out in under two hours. Very impressed.

carol lentine
GOOGLE
5-23-2020
Full Star Full Star Full Star Full Star Full Star

First time ever no hassle when buying a new car!!!

Robert Jadick
GOOGLE
5-13-2020
Full Star Full Star Full Star Full Star Full Star
Angela B.
Angela B.
YELP
5-5-2020
Full Star Full Star Full Star Full Star Full Star

I have been a customer of Price Toyota for almost 20 years. I have always had great service and I love that all repairs are clearly explained. Whenever I have financial issues they always work with me to ensure I take care of the most urgent issues first and explain what could be delayed to the next or future visits.

Matthew Yucis
GOOGLE
4-24-2020
Full Star Full Star Full Star Full Star Full Star

I’ve purchased my last three vehicles from Price Toyota, the last one only 2 days ago. I’ve always had a great experience and will most likely continue to buy my cars from Price. Besides the excellent sales team the service department at Price is great. They’ve always been extremely helpful and keep me on the road.

Chiny Nwosu
GOOGLE
4-9-2020
Full Star Full Star Full Star Full Star Full Star

The service and experience was great! I would highly recommend this team to anyone who's looking to buy

Dilue Uwha
GOOGLE
4-8-2020
Full Star Full Star Full Star Full Star Full Star
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