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!


Sales Hours

(302) 544-9445
Monday 9:00 am - 8:00 pm
Tuesday 9:00 am - 8:00 pm
Wednesday 9:00 am - 8:00 pm
Thursday 9:00 am - 8:00 pm
Friday 9:00 am - 8:00 pm
Saturday 9:00 am - 5:00 pm
Sunday 11:00 am - 4:00 pm

Contact Information


Dealership Information

Testimonials

Al Nastasi
GOOGLE
10-18-2019
Full Star Full Star Full Star Full Star Full Star

Price Toyota has ALWAYS taken good care of my vehicles and made me feel welcome and valued. Each time I have dropped my Tacoma off to Krystle Hannah, she has gone above and beyond each time to make sure my truck was finished on time, and back on the road. I always look forward to her professional attitude and attention to detail. Thank you again for all of your help keeping me on the road !

Sue Lane
GOOGLE
10-16-2019
Full Star Full Star Full Star Full Star Full Star

15,000 mile check up and Dacia L. was my assistant service manager and she was absolutely terrific. She kept me updated, went over the MPI and invoice . She also offered my next appointment but I didn't make that at this time. She was kind and courteous.

Derek Burrows
GOOGLE
10-11-2019
Full Star Full Star Full Star Full Star Full Star

Cannot recommend Price Toyota highly enough. Purchased my Tundra from Oscar Rivera who really made buying a new vehicle a pleasure as opposed to a push and shove. I can see why he is one of the top rated salesmen in the country. Over the years have brought my vehicle in for service and have had nothing but the greatest experiences, no matter the visit. Recently had to deal with a few recalls that crept up over the years, and kept putting them off. My '03 Tundra literally has 13k miles on it, and is still in showroom condition. The old saying is no one will care about your vehicle as much as you, right ? Well, ended up dropping it off and dealt entirely with Sean Bigham in Service, and it could not have worked out better. Not only did Sean respect how clean the vehicle was, but kept me in the loop at every step for all of the work, and called back every time he needed to update me. You just don't get that type of service often these days. The biggest surprise was that I had some fairly good scuffs on a fender flare, and when I went to go pick the vehicle up, they were gone !!! Props out to Sean, the body/paint shop for that, I really appreciate it, and it really proved, that you guys, and Price, do care for OUR vehicles, like they were your own. 5/5 guys, I can't recommend highly enough.

Derek B.
Derek B.
YELP
10-11-2019
Full Star Full Star Full Star Full Star Full Star

Cannot recommend Price Toyota highly enough. Purchased my Tundra from Oscar Rivera who really made buying a new vehicle a pleasure as opposed to a push and shove. I can see why he is one of the top rated salesmen in the country. Over the years have brought my vehicle in for service and have had nothing but the greatest experiences, no matter the visit. Recently had to deal with a few recalls that crept up over the years, and kept putting them off. My '03 Tundra literally has 13k miles on it, and is still in showroom condition. The old saying is no one will care about your vehicle as much as you, right ? Well, ended up dropping it off and dealt entirely with Sean Bigham in Service, and it could not have worked out better. Not only did Sean respect how clean the vehicle was, but kept me in the loop at every step for all of the work, and called back every time he needed to update me. You just don't get that type of service often these days. The biggest surprise was that I had some fairly good scuffs on a fender flare, and when I went to go pick the vehicle up, they were gone !!! Props out to Sean, the body/paint shop for that, I really appreciate it, and it really proved, that you guys, and Price, do care for OUR vehicles, like they were your own. 5/5 guys, I can't recommend highly enough.

Sherri Rapposelli
GOOGLE
10-5-2019
Full Star Full Star Full Star Full Star Full Star

We are very happy with the service we received from Oscar 😊

Sherri Rapposelli
GOOGLE
10-5-2019
Full Star Full Star Full Star Full Star Full Star

We are very happy with the service we received from Oscar 😊

Jose Ivan Marrero Sr
GOOGLE
10-2-2019
Full Star Full Star Full Star Full Star Full Star

I'M ON MY 2ND PURCHASE FROM HERE AND HAVE NO COMPLAINTS

Suzanne Watras
GOOGLE
10-1-2019
Full Star Full Star Full Star Full Star Full Star

Excellent customer service! They were very informative with pricing (I got a tire rotation) and potential issues (my a.c. unit stopped blowing air through the vents) prior to getting service done. Dacia was super sweet with the actual appointment! I also learned that storing plastic bags in your glove box can potentially get sucked into the a.c. blower and prevent air from getting through the ventilation system. SMH. Live and Learn! Don't store shopping bags in your glove box.

Matthew Traina
GOOGLE
10-1-2019
Full Star Full Star Full Star Full Star Full Star

Purchased my car here and consistently go there for their service. Customer service is top notch and they're always very open about answering questions.

Marites M.
YELP
9-28-2019
Full Star Full Star Full Star Full Star Full Star

I always go here to have my car service/maintained. I greatly appreciate the way they treat the customers. Very respectful and accommodating, especially those assigned to receive when customers come in with their cars for service or maintenance. Am not sure with the names of those 2 ladies who usually were there to receive my car, it's Marissa and the other lady Erin(?). Correct me if I'm wrong she's the one with the long blonde hair. Both deserve credit for work well done. The waiting area is really nice and comfy and very clean. I prefer to stay in the waiting area while job is being done on my car. It's homey and I can do some of my paperwork s while waiting. I don't mind waiting for long, coz the place is really comfortable.

Marsha Mack
GOOGLE
9-28-2019
Full Star Full Star Full Star Full Star Full Star

I am writing to let all readers know how much I apreciate the outstanding customer service I received while take my car in for its 10,000 mile check. My service advise Shawn was very attentive and helpful to my needs and questions. As always Price Toyota is a great place to buy a car and have it serviced.

Kathy D.
Kathy D.
YELP
9-24-2019
Full Star Full Star Full Star Full Star Full Star

Kathy D. Husband and I have been buying Toyota cars from Price Toyota for many years and it is THE BEST dealership we've ever been to and at our age, we've been to many. Their service is terrific; appointments are easy to make and have never had any problems.....they are efficient and courteous and have everything you may need while you wait. Our salesman, Oscar Rivera was the BEST we've ever encountered...he was patient beyond patient and helpful in every way possible. Love Toyota products and PRICE TOYOTA.

odista
GOOGLE
9-23-2019
Full Star Full Star Full Star Full Star Full Star

Solid A+. The sales rep was great and the vehicle was fantastic. I would definitely buy from them again.

Jasmine Williams
GOOGLE
9-18-2019
Full Star Full Star Full Star Full Star Full Star

Quality service!! Always a pleasure to come to the dealership in New castle, Delaware.

Melinda Williams
GOOGLE
9-14-2019
Full Star Full Star Full Star Full Star Full Star

I always enjoy going to Price Toyota for my service. You are always greeted with a smile. We've bought all of our Toyota's there for many years and will continue to do so. The sales staff are very friendly and knowledgeable.

Bill Deely
GOOGLE
9-13-2019
Full Star Full Star Full Star Full Star Full Star

As always the best service experience i've ever had is with Price. 100% of my services are done at this dealer.

Paris Jackson
GOOGLE
9-7-2019
Full Star Full Star Full Star Full Star Full Star
Ameer Nasri
GOOGLE
9-7-2019
Full Star Full Star Full Star Full Star Full Star

I have Toyota Camry black 2012 , i was served today by Reashel .. she was very kind and helpful thanks ....

Timothy Vander Pyl
GOOGLE
9-6-2019
Full Star Full Star Full Star Full Star Full Star

Negotiated a price via email/phone. There was no surprise fees/add-ons when we went and picked up the vehicle. Employees all were caring and trustworthy. Wish we could have gotten a little more for the trade-in but you can’t have everything.

Mary Herrera
GOOGLE
9-4-2019
Full Star Full Star Full Star Full Star Empty Star
Cristina B.
Cristina B.
YELP
9-3-2019
Full Star Full Star Full Star Full Star Full Star

Oscar was super knowledgeable on the vehicle we were interested in and made the whole process easy and painless. I look forward to working with Oscar and Price Toyota in the future.

Raj Malla
GOOGLE
9-2-2019
Full Star Full Star Full Star Full Star Full Star

I bought my 2018 highlander at Price Toyota. I have been using their services for scheduled maintenance. Their service is excellent. Staffs are very helpful and know very well about different products and services. Easy to get appointments online or over the phone. You can not go wrong with them.

Chris
GOOGLE
9-2-2019
Full Star Full Star Full Star Full Star Empty Star
Ruth S.
Ruth S.
YELP
8-28-2019
Full Star Full Star Full Star Full Star Full Star

Oscar Rivera understands what I want in a vehicle and how I need to do my financing. It is always good working with Oscar. I just leased my 6th RAV4. Price Toyota Is always efficient in processing the transaction. Looking forward to driving this vehicle and to future dealings with Price Toyota

Dave Jacobs
GOOGLE
8-27-2019
Full Star Full Star Full Star Full Star Full Star

I bought my first Toyota truck on Friday. My salesman Neil was very knowledgeable and helpful. The Sales Manager Delonn helped make the deal work and I was treated fairly. Actually everyone I met there was friendly and helpful.

Tiffany Zimath
GOOGLE
8-26-2019
Full Star Full Star Full Star Full Star Full Star

I want to give a huge THANK YOU to Elaine and Trevor, you made the experience of buying our first Sienna wonderful! Thank you for being so sweet and helpful. We will definitely return for future car purchases. ; - )

David Halter
GOOGLE
8-25-2019
Full Star Full Star Full Star Full Star Full Star

I gave them a hard job to find me at certain color of Tundra that no one else could find. After two weeks i had the truck I wanted at a decent price. Thanks Neil!

J Sanders
GOOGLE
9-1-2019
Full Star Full Star Full Star Full Star Full Star

THANK YOU Price Toyota! This message comes from my father (G. Sanders): " Oscar Rivera was extremely helpful, polite and quick! I called on a Friday, left my name. He called me Saturday morning and we spoke and ultimately met that day. I had a Toyota Rav 4 by Monday morning. His help was sincerely appreciated. And, as a senior, it is nice to know people still take time to answer your questions! It was a big plus given the technology of my new car that the person who picked me up made it so that my phone and car talked to each other". Thank you Oscar!

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