• young man buying car

    Should I Buy or Lease?

    Are you starting the exciting search for a new Toyota vehicle that will make your Glendale commute safer and more enjoyable? You are probably asking yourself which financial path you should take –”Should I buy or lease?” It’s a question our Finance Department gets asked often at Andrew Toyota. We recommend finding out what is going to work best for you in terms of leasing or buying. There are benefits to both, but Milwaukee car shoppers need to think about their needs, what they can comfortably afford, and what they want.

Benefits of Buying

Financing a new or pre-owned vehicle offers many benefits. If you’re looking to invest in a vehicle, financing may be you best route.

Financing Options

While leasing isn’t a massive headache, the car financing process at Andrew Toyota is more straightforward, and generally open buyers without perfect, or great, credit scores. When buying, you can also refinance your loan to lower your interest rate and monthly payments.

No Mileage Restrictions

If you’re driving your vehicle inside and outside of the Whitefish Bay and Milwaukee areas, buying may be the better option. Without the mileage limits you get on a leased vehicle, you can do as much driving as you want!

Less Cost Over Time

Though buying a new car is more expensive at the beginning, it is less troublesome in terms of cost over time as you work toward paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.

Customization

Want to make your new Toyota vehicle stand out among the crowd? When you make a purchase, you are free to make cosmetic and mechanical changes as you see fit. Create the car of your dreams without restriction.

Ability to Sell

Since you’re not locked into a lease agreement, you can opt to sell your vehicle whenever you choose.

Total Ownership

Buying means there are no restrictions on how it’s modified, decorated, etc.

Benefits of Leasing

If you’re interested in the latest and greatest in cars, leasing may work better for you. Learn more on the overall benefit of leasing a new Toyota.

Lower Payments

Whether it’s monthly payments or down payments, when you lease a vehicle those costs are lower than buying.

Less Sales Tax

In most states, leasing a vehicle drastically lowers sales tax. In some areas, you would just pay tax on the amount you put forth in the down payment and for the monthly payments.

Trade-Ins

When your lease agreement is over, the process of getting your next leased vehicle is simple. Visit our Milwaukee dealership, pay any remaining fees, and drive away in your next vehicle of choice.

Great Coverage

Warranty coverage and maintenance is easy when leasing, when any issue that pops up under your warranty, as long as you don’t go over the mileage limit, it’s covered.

Options

Leasing allows you to stay in the newest models equipped with the latest technology features every time you lease a new vehicle. You’ll have tons of options and will be able to find the perfect model and features for you.

High Approval Rate

While you may be denied for a car loan, it is much easier to get approved for a lease, as even those with poor or no credit can be approved.

Explore Leasing vs. Buying Further at Andrew Toyota

Still having some trouble choosing between lease vs. buying? Remember, your decision has to be based on your personal needs and financial situation. Explore all of our Toyota leasing and financing deals before making the short drive to our dealership near Whitefish Bay to find your next Toyota vehicle. Contact us today for additional information.

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1620 West Silver Spring Drive • Milwaukee, WI 53209

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Andrew Toyota 43.119726, -87.930603.