Lease Vs. Buy | Romeoville Toyota

Which is the best option for you?

 

Leasing vs Buying

 

One of the most challenging questions a consumer can face is whether to lease or buy a vehicle and all the fundamental aspects that go into funding one of the largest expenses a family can incur. There are many things to consider when you are looking at leasing vs buying a vehicle here at Romeoville Toyota and our financing department is here to help.

  

 

Pros of Leasing

  • • Lower monthly payments

  • • You own the vehicle after paying off the loan

  • • Fewer sales tax




 

Cons of Leasing

 • At the end of the lease, you lose ownership

• Excessive wear and tear costs

    • • Early termination fees

    • Insurance costs will be higher


 

 

 

 

 

Pros of Buying

• You own the vehicle

  • • You can alter the car how you see fit

  • • Insurance generally not as costly

  •  • You can drive as many miles as you desire

  •  


 
 

Cons of Buying

  • • Trade or resales is your responsibility

  • • Maintenance is your responsibility

  • • Higher Monthly payments

  • • Higher down payments and interests rates

  •  

 

 

Contact Information