Should I Buy or Lease?

Woman reading a car purchase contract in car dealership

When you’re looking to get a new vehicle to enhance your commute to the Buford and Johns Creek areas, you will start thinking about the best financial path. When car shoppers ask, “Should I buy or lease?” they must think about what they can afford and want in their next vehicle purchase or lease. Beaver Toyota of Cumming is discussing the benefits of buying and leasing, so you know which financial route to take.

Lease vs. Buying: Benefits of Buying

  • No Mileage Restrictions: When you own a car, you can do as much driving as you want without any mileage restrictions. 
  • Total Ownership: Owning also means you can make any changes to it that you see fit. This includes making mechanical and cosmetic changes for customization.
  • Ability to Sell: You’re not locked into a lease agreement, which means you can sell your vehicle at any time.
  • Financing Options: Financing a vehicle is more straightforward and open to shoppers who don’t have the best credit. 

Lease vs. Buying: Benefits of Leasing

  • Lower Payments: The cost (down payment & monthly payments) to lease a vehicle is lower than buying.
  • Less Sales Tax: Most states have lower sales taxes when getting a lease. In some areas, you only pay taxes on your down payment and for the monthly payments.
  • Trade-Ins: When the lease agreement ends, getting a new Toyota vehicle is stress-free. Visit Beaver Toyota of Cumming, pay any remaining fees, and drive away in your next vehicle of choice.
  • Great Coverage: Warranty coverage and maintenance is headache-free! If an issue arises that’s covered by your warranty, and you didn’t go over the mileage, you’re covered.
  • Options: Leasing lets you drive the newest model that has the latest technology features. With the variety of options available, you won’t have trouble finding the perfect model for you.
  • High Approval Rate: While you may be denied for a car loan, it is much easier to get approved for a lease, as even those with poor or no credit can be approved.

Learn More About Financing at Beaver Toyota of Cumming

Still asking yourself, “Should I buy or lease?” It can be a tough decision, but it’s essential to think about what’s best for you financially. Peruse our vehicle inventory and Toyota leasing and financial deals, before giving us a call to set up a test drive. It’s our goal to make the car shopping process as pain-free as possible.

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1875 Buford Highway • Cumming, GA 30041

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Beaver Toyota of Cumming 34.1598529, -84.1121392.