Lease vs Buy - What's the Difference

QUICK FACTS ABOUT LEASING:

Leasing finances the USE of the vehicle.

When you lease you pay for only a portion of the vehicle's cost and the value of the vehicle that is "used up" during the time you drive it.

Leasing normally involves these fees:
*Down Payment (when applicable)
*Sales Tax on monthly payments
*Money Rate (similar to interest rate)
*In some cases you might also pay extra fees & a security deposit

First Payment: Normally your first payment is due upon signing your contract.

QUICK FACTS ABOUT BUYING:

Buying finances the COST of a vehicle

When you purchase your new Toyota you pay for the entire cost of the vehicle, plus any finance charges & fees.

Buying normally involves these fees:
*Down Payment (when applicable)
*Sales Tax (based on the purchase of your vehicle)
*Interest Rate on your loan

First Payment: Normally your first payment is due one month after signing your contract.

STILL WONDERING WHETHER TO BUY OR LEASE?
Click the link below and Toyota Financial Services (TFS) can offer you a quick quiz to see what is the best fit for you.

Buy or Lease QUIZ