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5101 SE Federal Hwy, Stuart, FL 34997
Sales: (888) 322-1193 | Service: (888) 722-4320 | Parts: (855) 997-1225

Financing vs Leasing


Treasure Coast Toyota can help you decide whether you should buy or lease your new Toyota

If you’re thinking about getting a new car, you have a two options: buying and leasing. Not sure which you should choose? Let Treasure Coast Toyota help! Choosing between leasing and buying (financing) a new vehicle might seem difficult, but Treasure Coast Toyota is here to give you all the right information to pick the purchase option that’s right for your budget and your lifestyle.

Leasing a New Toyota

If you want a lot of flexibility, then a lease is the way to go! Most lease terms run for an average of 24 to 60 months, and during those shorter terms, you’ll be making affordable payments. You also get to choose your annual mileage allowance, which is typically 12,000 and 15,000 miles. However, if you think that might not be enough, you can purchase additional miles at signing.

Lease terms are generally shorter than financing terms, and the payments are generally lower.

Shorter lease terms mean you can:

  • shop for vehicles in higher trim grades and with more options.
  • get closer to your desired trade cycle.
  • have more peace of mind, because most leased vehicles will be under warranty for the entire lease term.

Most lease terms last 2 to 4 years. After your terms are finished, you have four options:

  • Return the vehicle and lease another new vehicle of your choice
  • Purchase the vehicle
  • Trade or sell the vehicle
  • Arrange for a third party to purchase the vehicle

Buying a New Toyota

The greatest benefit of buying a vehicle instead of leasing it is ownership. You can purchase a new vehicle with cash (or a check) and immediately become the vehicle owner, pink slip in hand. However, if you don’t have the full amount at the time of purchase, you can choose to finance your vehicle. You’ll make a down payment at the time of signing and pay down the loan and build equity in the car over a set period (48 to 72 months). While you pay down your loan, a bank or finance company will hold a lien on the vehicle title. However, once you have fulfilled your financial obligation to the loan provider and paid off your loan in full, the vehicle belongs to you. Once you own the vehicle, you can use the money you would typically put toward your monthly payments any way you please; savings, vacation, you name it!

For a hassle-free vehicle loan experience, Treasure Coast Toyota recommends acquiring affordable and competitive loan rates, which is just what we offer here!

Most financing terms last 4 to 6 years. After those terms are finished, your lien-holder will send you your pink slip. After that, you have two options:

Keep the vehicle, trade or sell the vehicle

Come in to the Treasure Coast Toyota finance department today and ask one of your friendly team members to walk you through the pros and cons of both financing and leasing a new vehicle. Don’t hesitate to contact us with any questions you might have. Visit us at 5101 SE Federal Highway in Stuart, FL. We’re proud to serve car shoppers from Vero Beach, Port St. Lucie, and Indiantown, FL on Florida’s beautiful Treasure Coast!

Dealer Information
Treasure Coast Toyota 5101 SE Federal Hwy Stuart, FL 34997 Get Directions
Sunday:
11:00 AM - 5:00 PM
Monday:
8:30 AM - 8:00 PM
Tuesday:
8:30 AM - 8:00 PM
Wednesday:
8:30 AM - 8:00 PM
Thursday:
8:30 AM - 8:00 PM
Friday:
8:30 AM - 7:00 PM
Saturday:
8:30 AM - 6:00 PM
Sunday:
CLOSED
Monday:
7:00 AM - 6:00 PM
Tuesday:
7:00 AM - 6:00 PM
Wednesday:
7:00 AM - 6:00 PM
Thursday:
7:00 AM - 6:00 PM
Friday:
7:00 AM - 6:00 PM
Saturday:
7:00 AM - 4:00 PM
Sunday:
CLOSED
Monday:
7:00 AM - 6:00 PM
Tuesday:
7:00 AM - 6:00 PM
Wednesday:
7:00 AM - 6:00 PM
Thursday:
7:00 AM - 6:00 PM
Friday:
7:00 AM - 6:00 PM
Saturday:
7:00 AM - 4:00 PM
Phone:

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