Which Option Is Better?
Buying vs. Leasing
Finding The Perfect Match
Finding the right auto finance option to get a new vehicle can be daunting and confusing. Luckily, you have access to an incredible team at our Toyota dealer to help you every step of the way. Our sales associates will help you find the perfect vehicle while our finance professionals will match you with a finance option to work into your budget.
We have all the information you'll need to choose between 2 of the most common types of auto finance options - a car lease and a car loan. Read on to learn more about these 2 options and how our Toyota dealer can get you behind the wheel of your favorite vehicle.
What's A Car Lease?
The first of the 2 most common kinds of auto finance is a car lease. This option can be viewed as a sort of long-term rental instead of a vehicle purchase. Each car lease is only for a certain amount of time - usually 3 years - and after that time, you are required to return it to the dealership. After returning it, you have a few options:
- Extend your lease for the same vehicle
- Purchase the vehicle
- Lease a different vehicle
This option is becoming popular for the fact that it allows drivers to have a vehicle that they otherwise wouldn't be able to afford. You can learn more about the car lease options at our dealership in Plattsburgh by calling or visiting today.
What's A Car Loan?
The other most common form of auto finance is a car loan. This has been the main option for many drivers. The reason for this is the longevity and flexibility of ownership. With a car loan, once it's paid off, you will own the vehicle until you decide to resell it. This allows you to do whatever you please with it without the fear of added fees.
Each car loan consists of monthly payments and an interest rate which will be determined by your down payment and credit report. You can work with the finance professionals at our dealership to find the lowest possible monthly payments and rates for your budget. If you're looking into getting a new Toyota in Plattsburgh, come to DELLA Toyota today.
Knowing The Difference
There are some differences between a car lease and a loan that you should be aware of when getting a new vehicle. One big difference is the length of time that you will have the vehicle. A lease allows for only a few years, while a loan will give you the vehicle for life.
The cost is another factor to take into account. The monthly payments associated with a car lease are typically lower since you are essentially only paying for the depreciation of the vehicle. Car leases are great for drivers who want the best of the best on the market.
Car loans, on the other hand, are perfect for drivers who are ready to make the long-term commitment and want the vehicle for years to come. Learn more about the similarities and differences at our dealership in Plattsburgh today.
More To Choose From
Before you choose the right auto finance option for your budget, it's good to get some kind of idea as to what you want to drive. We have an extensive inventory of new, used and Certified Pre-Owned vehicles for our drivers to choose from. Our sales associates will gladly assist you with choosing the right kind of vehicle to fit into your budget before you speak with our finance professionals. Once you find the right car, truck or SUV, talk with a finance expert about whether a car lease or loan would be better for you. Call or visit our Toyota dealer for more information today.