Buying vs. Leasing – What’s the Difference?

Buying vs. LeasingWhat’s the Difference?

If you’re like most folks in Sylvania or Maumee shopping for a new vehicle, then there’s a good chance that you’re working on a budget. This means you probably won’t be paying for your new car up front. Instead, most people who shop here at Jim White Toyota in Toledo will choose to finance or lease their new vehicle. These two options come with different advantages. Find out which option is best suited to your needs and financial situation, and count on our finance staff to provide you with transparent, helpful assistance throughout the entire process.

Benefits of Buying

Many people come to our dealership and want to finance their vehicle. There are a variety of different advantages of choosing to go this route, including:

  • Ownership – Each monthly payment you make on a financed vehicle is helping you to build equity. By the time you finish paying off the vehicle—usually 36, 48, or 60 months—you’ll own the car outright.
  • Customization – When you own your car, you can do what you want with it. Add a custom paint job, put in a custom stereo system, or install performance-enhancing equipment. You won’t be penalized for making it your own.
2017 Toyota Corolla Driver

Benefits of Leasing

2017 Toyota RAV4 Space

There are also a variety of different advantages to leasing a vehicle that you’ll want to consider as well before taking home your next vehicle:

  • Affordability – In general, vehicle leases come with lower down payments and lower monthly payments. This means that you can afford to drive a nicer vehicle for less, while keeping more money in your account every month.
  • Newest Features – Leases usually come with shorter terms than financing plans, usually 24 or 36 months. This means that as soon as your lease is done, you can bring it in and get a new lease on a vehicle with the latest tech, performance, and design features installed.

Make Your Way to Jim White Toyota for a Test Drive

Which is the better option for your next car? Visit Jim White Toyota to take a test drive and chat with our finance staff about the differences between financing and leasing. We’re open Monday through Saturday at 6123 W Central Ave in Toledo, OH, and you can contact us at (419) 841-6681.

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(419) 841-6681

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6123 W Central Ave • Toledo, OH 43615

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Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 7:30am-6pm

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Jim White Toyota

6123 W Central Ave Toledo, OH
Phone: (419) 841-6681 http://maps.google.com/?q=6123%20W%20CENTRAL%20AVE%2C%20TOLEDO%2C%20%2C%20Toleda%2C%20OH%2043615

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Phone: (419) 841-6681

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Phone: (419) 841-6681

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Phone: (419) 841-6681

41.6749317 -83.6881718
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Jim White Toyota
Jim White Toyota
6123 W Central Ave
Toledo, OH, 43615 United States
(419) 841-6681
https://di-uploads-development.s3.amazonaws.com/jimwhitetoyota/uploads/2017/05/jimwhitetoyota.png
Jim White Toyota 41.6749317, -83.6881718.
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