Should I Buy or Lease a New Toyota?
Should I Buy or Lease a New Toyota in Hopkinsville, KY
If you’re ready to upgrade your ride, you’ve come to the right place! We have a wide selection of new Toyota vehicles and quality used models for you to choose from. Here at Toyota of Hopkinsville , we enjoy helping our customers find the right vehicles for them, whether they’ve shopped with us before or they’re first-time guests.
We also want to help you decide whether buying or leasing a vehicle is right for you. Many customers aren’t sure of the differences between the two options, which is why we’ve explained the pros and cons of each below. At the end of the day, the best option for you will depend on your needs and financial circumstances. No matter which one you choose, our finance team is ready to answer your questions, walk you through the process step-by-step and help you sign on the dotted line. You’ll be driving home in a vehicle you love before you know it!
Should I buy a new Toyota?
If you want to own your vehicle, without any mileage restrictions and with total freedom to customize your ride as you see fit, then we recommend buying. You won’t have to worry about paying extra fees for driving more than a set amount of miles or causing wear and tear on the vehicle. This is also a great option if you’d like to stick with the same vehicle for a long time and truly get the most out of it. Once you’re ready to buy, you can pay off your vehicle at purchase if you have cash in hand, or you can finance it by making a down payment and then making smaller monthly payments until your loan is paid off. Down the road, when you’re ready for a new ride, you can either sell your vehicle or trade it in here at Toyota of Hopkinsville.
Should I lease a new Toyota?
Leasing offers more flexibility than buying, though it comes with mileage restrictions. However, you can add miles at signing if you estimate that you’ll drive more than the allotted mileage in a year. Leasing works well for those who need a vehicle they can rely on without the long-term responsibility of ownership. Depending on your lease terms, your monthly lease payments may be lower than monthly loan payments, making leasing a more affordable option. When you lease, you can enjoy the modern features in a recent (or even brand-new) model, upgrading every two or three years. Your leased vehicle should still be covered under its original warranty as well. Once your lease ends, you can purchase the vehicle (if you enjoyed driving it too much to give it up), switch to another model or just return the vehicle.
Our sales team would love to help you find your next car, truck or SUV. If you would like to learn more about our finance or lease process, don't hesitate to contact us or stop by our dealership at 4395 Fort Campbell Blvd., Hopkinsville, KY 42240. Toyota of Hopkinsville welcomes customers from Fort Campbell, Madisonville, Russellville and Western Kentucky.
