Is It Better to Buy or Lease a Car?

Whether you’re on the search for a new or pre-owned Toyota, there are a lot of financing options offered. Our team here at Toyota of Newnan makes it easy to find the best one to fit your unique needs.

You may be deciding between buying and leasing—there are benefits to both, and it depends on what you are looking to get out of with your next vehicle. Leasing the Toyota Camry may be a better option if you’re looking for a lower down payment and lower monthly payments. On the whole, leasing is often the more affordable option, with the added bonus of flexible terms. Most lease terms last anywhere from one to three years, during which you only pay for the depreciation value. Once your agreement comes to an end, you have the option to lease a new vehicle, purchase the one you’d been leasing, or turn in your keys and walk away.

There are also several benefits to buying. For instance, you may want to consider purchasing the Toyota Sienna or Toyota RAV4 if you want to retain ownership at the end of the payments and if you want fewer restrictions on mileage and customization options. It’s also a good option if you want to build equity. The benefits of buying one of our new or pre-owned Toyota vehicles don’t stop there, however. You can also sell it when you want, and you won’t have to worry about extras like required gap insurance or wear-and-tear fees that are often associated with leases.

Whether you decide to lease or buy, we’re here to assist with every step of the process. We work with multiple lenders and financial institutions in the area, and we do what we can for our customers to ensure a streamlined, customized financing experience. On our website, we offer a few tools dedicated to the process. You are more than welcome to apply for financing in just a few steps, value your trade-in, and get an idea of what you’re able to afford on a monthly basis via a payment calculator.

At the end of the day, buying or leasing a vehicle is 100 percent dependent on your needs. When you visit Toyota of Newnan, your locally trusted car dealership in Newnan, GA, you’ll have a team of financing experts to help you every step of the way. Visit us at 2 Herring Road in Newnan to get started today!