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Should I Buy or Lease?

So, you’ve found the new car that’s perfect for you. Now, there’s only one thing to ask yourself: “Should I buy or lease?” There’s no right answer as there are benefits to choosing either option. Whether you decide to buy or lease will depend on your driving needs. Learn about the benefits of leasing vs. buying with the finance center at Shottenkirk Toyota of Weatherford near Fort Worth to see which option is better suited for you.



Leasing vs. Buying: Long and Short-Term Costs

When shopping through the Azle area, price is something that you should always consider. The same is true when you are considering whether to buy or lease. Here are some of the cost factors of buying and leasing:

  • Leasing: Leasing offers drivers lower monthly payments, savings on sales tax, and lower down payment. Keep in mind that if you start a new lease every few years, then your payments won’t change significantly. But, you won’t have to worry about rising repair and maintenance costs.
  • Financing: When you finance, you can wipe out your monthly payments altogether. Plus, when you buy a pre-owned vehicle, you’ll save more money than leasing a brand-new model. However, repair costs will increase as the vehicle ages.

Leasing vs. Buying: Restrictions & Limitations

When deciding whether you should buy or lease, keep in mind possible limitations and restrictions. Here are some things to consider:

  • Leasing: When leasing, you’ll have certain mileage limits and restrictions since you don’t technically own the vehicle. Failure to adhere to these limitations will result in a penalty fee upon returning the vehicle.
  • Financing: When you finance, you own the vehicle and are not bound by limitations or restrictions.

If you’re looking to sell your current vehicle before you lease or buy a new vehicle, then see how to sell your car at our dealership to get a great deal.

Leasing vs. Buying: Flexibility

Consider how much you’ll plan on driving through Mineral Wells and elsewhere as leasing and buying both provide different amounts of flexibility. Here is what you should know when deciding whether you should buy or lease:

  • Leasing: Leasing is an overall easier process. You’ll have plenty of options at the end of your lease term, including buying the vehicle or upgrading to a new model. However, you’ll need to keep the vehicle as close to factory condition as possible, which means you can’t customize or upgrade the vehicle.
  • Financing: Because you own the vehicle, you are free to customize and upgrade as you please. Just be careful as upgrading could affect your warranty. While you are locked in a contract, you are still able to sell or trade the vehicle at any time.

So, if you want lower payments and an easy process, then leasing might be a great option for you. However, if you plan on putting a lot of miles on your car and don’t want mileage restrictions, then buying might be your best bet. Whichever option you choose, you can save big with our ongoing vehicle lease deals and specials at Shottenkirk Toyota of Weatherford.

Buy or Lease Your New Car at Shottenkirk Toyota of Weatherford

If you’re still wondering, “Should I buy or lease my next car?”, then don’t worry. Contact us to speak to one of our awesome team members and get all of the answers to your car-buying questions.

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Shottenkirk Toyota of Weatherford 32.758058, -97.700117.