Is it better to lease or finance a new car
The time has finally come to get your new vehicle after months of research, and you’re almost ready to drive off of our dealership lot onto the wide open road ahead, except there’s one more step: you need to figure out how you’re going to pay for it! There are two mainstream options: lease or finance.
Both schools of thought have their own pros and cons, so when figuring out which payment method you should choose, we have assembled some of the best finance gurus in the industry who are willing to go above and beyond to get you into the vehicle of your dreams for a price you can afford.
If you’re wondering, is it better to lease or finance a new car, chances are it’s best to look at yours and your family’s plans for the next five to 10 years.
Unfortunately there is no easy answer, as each family’s situation is different but there are some circumstances to consider that might make the decision a little easier, such as do you plan to expand your family any more that you would need more space within the next few years? Do you haul around a lot of bulky cargo that could potentially wreck your vehicle? Do you like the idea of getting a brand-new vehicle every few years? Then you might want to consider leasing a vehicle rather than financing one because those are the key components of leasing.
If you prefer the idea of owning your vehicle for a longer period of time and you don’t want to worry about whether or not the paint scratches, or if you like the idea of keeping your vehicle after your contract is up, financing your vehicle might be a better option for you.
You can learn more about each option from the experts at Toyota Palo Alto today! Just give us a call or stop by.