



Purchase | Leasing | |
Monthly Payments are higher than lease payments because you are paying for the entire price of the vehicle. | Ā | Monthly payments are much lower than your payments when purchasing. |
Usually a down payment required to ensure that loan amount does not exceed market value of the vehicle. | Ā | Usually no down payment required. Making a down payment will only lower your lease payment. |
When you have paid the full amount of the car loan you own the car. | Ā | Newer vehicle more often - your preferences may change over time and a short lease term allows you to drive the vehicle of your choice. |
Modify and add accessories to your vehicle with as you see fit. | Ā | Guaranteed Future Value - Resale value is not a concern. |
There is no restriction on the amount of miles you drive, although higher mileage will reduce the resale value of the vehicle. | Ā | Pre-determine that your mileage will not exceed a certain amount per year. |
Car loans will often extend beyond the warranty period unless an extended warranty is purchased meaning you are subject to repair costs. | Ā | Your Toyota is covered by the manufacturer's warranty for the entire period of your lease. |
There are maintenance and upkeep responsibilities and any wear and tear will effect the resale value of your vehicle. | Ā | No hidden fees upon lease return or purchase. |
Now that you know some of the basics, we recommend that you look at your budget, learn more about the specifics of your credit rating and current interest rates, and think about how each of the options fits your life. If you do the research, you'll ultimately end up with payments you can afford and a car you love.
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Bob Kenney General Sales Manager 603-354-5000 Email Bob | Branko Kovacevic Finance Manager 603-354-5013 Email Branko | Amanda Hill Finance Manager 603-354-5014 Email Amanda |