Leasing vs. Buying

Purchase options to suit every budget and lifestyle

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We’ll Help You Make The Right Choice

When in the market for a new car, one of the biggest decisions you will have to face is whether or not it makes more sense to purchase the vehicle outright making use out of a good financing plan, or leasing it for a determined period of time without taking on the cost of the whole vehicle. Leasing a car has many advantages that are worth your time to consider such as lower monthly payments, lower cost of repairs and generally speaking a lower down payment. Financing on the other hand gives you the sound satisfaction of making a great investment on a car you get to own, while enjoying the freedoms of doing what you want once you drive off the lot rather than adhering to certain restrictions that might come with a lease contract. Visit Sherwood Park Toyota today for more information to help you decide whether leasing or buying your next car makes more sense for your budget and lifestyle.

Save Money When You Lease

If you want a new car but either can’t afford to purchase one outright or don’t feel good about idea of locking into a longer-term loan, then leasing is a great alternative. When you buy a car with a financing plan, your monthly payments cover the cost of the whole value of the vehicle. However, when you lease a car you can expect your monthly payments to be lower as you are only paying for the value of the car over the term of the lease rather than its full cost. Lower monthly payments and a lower down payment come partnered up with the fact that regular maintenance such as oil changes and tire rotations are often included in your lease, keeping more cash in your wallet for other important things. Since lease contracts typically work on a 2 or 3-year term, you get the option of trying out a new car every couple of years and you get to stay up to date with all the most modern tech available.

Have Full Control When You Finance

Typically, when you consider purchasing a car you expect to keep it for a longer time than the shorter duration of lease contracts. Financing a new car means you get to build equity with your new asset and have that value work for you in your life. Once your loan is paid off, you no longer have to be burdened by car payments and that car is truly yours to enjoy. Unlike lease terms, financing a car takes the mileage cap off and gives you the option to drive as far and long as your heart desires or life dictates, whereas you will encounter kilometer limits with leased vehicles. Since your purchased car is yours to protect as you see fit, you are not obligated to the same level of extensive insurance coverages demanded by lease agreements. This allows you to reallocate your resources and offers some financial freedom. In a similar vein, you gain the option to modify your car however you want without any recourse, whereas lease agreements typically forbid any changes to your vehicle other than schedules maintenance.

Finance or Lease Your Next Vehicle at Sherwood Park Toyota

Our expert finance team will secure you the best possible rates and options

Leasing a new car gives you some great incentives and the opportunity to easily update your ride every two to three years. Financing on the other hand is a longer term commitment, but if you take care of your vehicle you can make your investment work to your advantage. Whether you are interested in leasing or financing a new vehicle, come visit us at Sherwood Park Toyota located at 31 Automall Rd, Sherwood Park, AB T8H 0C7 and our expert Sales and Financing staff can make sure you know everything you need to know about your options. You can give us a call at (780) 410-2455 today or come visit our showroom anytime during business hours, we look forward to helping you.

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Sherwood Park Toyota, Automall Road, Sherwood Park, AB, Canada

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(780) 410-2455

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31 Automall Road • Sherwood Park, AB ,Canada, T8H0C7

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Today's Hours:

Open Today! Sales: 9am-9pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

Sherwood Park Toyota 53.5461669, -113.330493.