Leasing vs Buying near Bridgeton, NJ
If you’re in the market for a new ride, you’ll inevitably have to choose whether you’d prefer to lease or buy. Unfortunately, not everyone has all the information they need to make an educated decision, which is why we’re stepping up to help here at Price Toyota. Contact us at 302-322-8600 or continue reading below to find out more.
As the most frequently used route folks take, financing is always a great choice! This method of acquiring the keys simply breaks up the sticker price of a given vehicle into more manageable payments you handle over a period of four to seven years. Your monthly rate will be determined by a few factors, including your down payment, length of your loan, and credit score, so you’ll have some influence over the final terms. When you finally reach the end of your contract, you’ll be the proud owner of your dream ride with no strings attached.
As opposed to financing, leasing is much more like borrowing. That means you’ll only have your chosen set of wheels for a period of two to four years with a predetermined mileage limit. Although this might not initially seem like a great deal, your mind will change when you hear about the benefits. First off, your rate will be much lower since you’ll only be responsible for the amount you drive each year and the depreciation of your ride while it’s in your care. And because your commitment is much shorter than it would be if you had financed, you can upgrade to a new ride much sooner. If you have any further questions, feel free to reach out to our friendly team.
Is Financing or Leasing Right for Me?
So, now that you know the ins and outs of leasing and financing, you might be wondering which is the best option for you. Well, that all depends on what you’re looking for. If you want to eventually own a vehicle and you’ve got the funds, financing is a sure bet. However, drivers who prefer being in the latest and greatest rides as often as possible should put some serious thought into leasing. The same goes for individuals who want to take advantage of the most recent vehicle advancements but don’t have the cash required to take out a loan.
For more information regarding leasing vs buying near Bridgeton, NJ, make your way to Price Toyota at 168 North Dupont Highway in New Castle, DE. We are eager to get to work on your behalf!
|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|