What's the difference between a Toyota lease and a car loan? Find the best financing deal for you this holiday at Metro Toyota

December 12th, 2019 by

The holiday season is always a great time to find great deals. But while Black Friday and Cyber Monday may have passed, there's still plenty of sales to be had here at our Brook Park, OH Toyota dealership. However, you'll need to explore the differences between buying your next car with a car loan or securing a Toyota lease to determine which deal is going to be best for you. Luckily, with our extensive expertise in Toyota financing, that's something we can help you explore here at Metro Toyota.

Now, if you're interested in one of the newest Toyota models available here at our Brook Park, OH dealership, one of the most compelling financing options for your is a new Toyota lease. With a Toyota lease, you'll have the opportunity to drive the new model of your choice for a term that typically ranges from 24 to 48 months. However, there are both benefits and drawbacks to Toyota leasing that you should consider. On the one hand, most new Toyota leases have lower down payment requirements and lower monthly payment requirements than financing a comparable model, but you won't actually own the vehicle outright, so there will be limitation on mileage and wear and tear.

On the other hand, if you want the freedom to choose a new or used Toyota at our Brook Park, OH dealership, consider buying your vehicle outright or financing it with a car loan. While there may be slightly higher upfront costs, you'll own the vehicle outright, giving you the freedom to customize it as you wish and sell it for a profit in the future if you so choose.

With the holiday season upon us, there are plenty of attractive deals and financing incentives to be had at our Brook Park, OH dealership, whether you choose to finance with an auto loan or lease your next vehicle. Drop by Metro Toyota to sit down for a chat with our team and hone in on which financing plan is best for your budget.
Source: blog

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