Should You Buy Or Lease?

When it is time to find your next vehicle, there can be a lot of choices that you have to make during the shopping process. One of the more demanding decisions a shopper must make, once they find the vehicle they want, is whether they are going to opt to buy or lease the new car. Several factors can influence a buyer’s decision. It ultimately comes down to what you want to get out of your new car.

Benefits of Buying

When you purchase or even finance a vehicle, you basically are the outright owner of the car. As the owner of the vehicle, you have the authority to sell it, trade it in, or keep it if you please. There are also the benefits of gaining equity and long-term savings when you purchase a car. The other advantage of financing your vehicle is that you will boost your credit score when you pay your auto loan on time each month.

Benefits of Leasing

Leasing, on the other hand, allows for lower payments each month as you are essentially paying for the use of the vehicle during your lease term. Once your lease term is complete, you simply return the car to the dealership without the hassle of having to sell the vehicle. When you lease, you also have the bonus of not having to pay sales tax on the car.

Aside from lower installments, many drivers choose the lease route as they can select a car model with a higher trim level and more modifications than if they were to purchase a vehicle. For those who love to stay up to date with the latest automotive trends, this is a big advantage of leasing a car.
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Buy or Lease at Warrenton Toyota

No matter if you decide that financing or leasing is the way for you, you can rely on the sales team at Warrenton Toyota. Visit our dealership in Warrenton, VA, today where we offer an extensive selection of vehicles. A member of our sales team will happily show you around our showroom and car lot as well as answer any questions you may have about buying or leasing a vehicle. Stop by Warrenton Toyota today.

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September 5, 2022
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