Buying vs. Leasing
Whether you decide to buy or lease, a new vehicle is fun and exciting. Here are a few facts to help decide which option is right for you!
When you own a vehicle, the responsibility of selling or trading it is up to you. Some people find this to be a chore. Those people might like leasing because when your lease is up, you get to walk away.
The disadvantage of a lease is that it typically comes with wear and tear restrictions and mileage restrictions. Violate these restrictions, and you’ll have to pay fees at the end of the leasing term.
Arguably the greatest advantage to leasing has to do with repair costs, or the lack thereof. A vehicle normally does not require major repairs in the first few years of its life. Leasing terms are normally about that long. Lease a vehicle and you are almost sure to avoid the cost, and the inconvenience, of a major repair.
You can’t forget about the intangibles. These can be just as important. For some people, there is just something about driving a new vehicle. It could be a status thing. Or maybe it just feels good to drive a clean, well-oiled machine.
Meanwhile, other people enjoy owning their vehicle because they get to build a relationship with it. After several years, the vehicle can seem like an old friend. It’s a loyalty thing!
Do your homework and decide on a plan that you can live with! If you have any more questions about the differences between buying and leasing a car, feel free to contact us. We'll be happy to help you make the right decision at Wondries Toyota.