Lease or Purchase

Lease or purchase?  We outlined the differences and advantages of each to help you select the right option for you. Watch the videos above to assist you with your decision.

 

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Leasing Benefits

When you lease a new vehicle, you do not own it; your leasing company does.  Throughout the term of your lease, you are paying for the use of the vehicle.  As the lessee, you are responsible for the maintenance, insurance, taxes and registration.

 

The primary benefit of leasing a vehicle is that you are only paying for the vehicle during the period of time that you use it.  You are not paying the full price of the vehicle.  This means:

 

  • Your payment may be less than if you had purchased the vehicle.
  • You do not have to be concerned with the future value of the vehicle (i.e what the vehicle is worth at the end of the lease).

At the end of the lease, you have several options:

 

  • Buy or lease a new Toyota or Scion - you may choose to either turn in your current leased vehicle, or subject to certain conditions, use it as a trade-in toward the purchase of a new Toyota or Scion. 
  • Purchase your current vehicle - if you wish to continue driving the vehicle you are currently leasing, Southeast Toyota Finance has several auto financing options available to assist you.

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Purchasing Benefits

When you choose to finance the purchase of your new vehicle, you own it. At the end of the auto financing period, it is fully paid for and yours to keep. Also, when you purchase a vehicle, there are no obligations for excess mileage and/or excess wear and use 

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Check out special offers and the vehicle line-up at southeast.buyatoyota.com.