Leasing a new car is another form of new-car financing, similar to financing the purchase of the car, but with some key differences. We at Berglund Toyota want to help you pick the best financing option for your lifestyle and budget, which is why we're going to walk you through some of the advantages of leasing a new Toyota.
Lower Monthly Payments
By leasing a new vehicle, many shoppers are able to get more car for less money. The vehicle's monthly payments are generally lower because you're only paying for the future depreciation of that vehicle and not the actual sales price.
No Used-Car Hassles
Leasing protects you from excessive depreciation if the market value of a car drops due to unforeseen circumstances. Additionally, you take the headache out of selling a used car when you lease. When your lease ends, you give the vehicle back to us and we'll handle the rest.
More Car, More Often
In addition to possibly saving money, another great benefit of leasing a new Toyota is that you get the latest technology. Every year, manufacturers unveil new features and increase safety standards. That means that you're driving the safest and most comfortable model available at the time, which provides peace-of-mind you won't find elsewhere.
Freedom and Flexibility
Many leases last about three years, allowing you to make affordable payments with shorter terms. You have the capability of driving a new Toyota every few years minus the hassle of purchasing a new car. Plus, many vehicles are covered under manufacturer new car warranties. At the end of your lease, return the vehicle, trade it for another trade, or purchase it. Leasing really does give you an ample amount of flexibility and freedom.
If you want to take advantage of the benefits that come with leasing, but don't want the monthly payments, you can do a single-pay car lease, also called a pre-paid lease. It's a great option for people who have the cash to completely pay off the entire lease amount upfront, eliminating monthly payments.
- This eliminates monthly payments.
- This eliminates the chance of a late or missed payment which could lower your credit score.
- You may be able to qualify with a lower credit score.
To find out more about the benefits you'll receive when you lease a new Toyota, give us a call or come by and see us at Berglund Toyota at 3000 Wards Road, Lynchburg, VA 24502 We look forward to serving our customers from here in Lynchburg, VA, as well as those from Roanoke and Bedford, VA!