210 Union Street Braintree, MA 02184

Phone: 781-848-9300

Differences Between Buying vs. Leasing in Braintree, MA

Are you due for a new Toyota car, truck, or SUV? Whether this is your first car, or you want to take a different financial route with your latest vehicle, our Toyota dealership in Braintree, MA can help you figure out the best plan of action so you can take home the vehicle of your dreams. Read on to learn more about the advantages and disadvantages of both buying and leasing a Toyota.

Buying vs. Leasing in Braintree, MA

Leasing Advantages

  • Your monthly lease payment will likely be lower because you're only paying for the depreciation of the vehicle.
  • You're able to drive a newer car more often because leases typically last only two or three years.
  • Advanced features and technologies are more accessible because these options are often an additional cost if you were to buy the vehicle.

Leasing Disadvantages

  • You can only drive a limited number of miles with a leased vehicle and will have to pay a fee if you go above the agreed upon mileage.
  • If you return the vehicle with more than what is considered "normal" wear and tear, you will be charged for these imperfections and repairs.
  • Should you decide to break your lease early, you will have to pay an early termination fee.

Buying Advantages

  • If you plan on driving a vehicle for a long time, buying a car is financially advantageous in the long term.
  • Drive as much as you'd like, whenever you'd like.
  • Once you pay off your auto loan, the title is given to you, and you can either keep or sell the vehicle.

Buying Disadvantages

  • A sizable down payment is sometimes required, and if you don't have one, you will owe more on your monthly payment.
  • If your vehicle isn't under warranty anymore, you are responsible for all repairs, no matter how cumbersome they are.
  • Once you decide to get rid of the vehicle, it is up to you to sell, which can prove to be a hassle.

Why Buy or Lease at Toyota of Braintree?

Whichever route you decide to take, our team of auto finance experts can help you make the best decision for your needs. We'll work with you to help you get a deal that makes sense. Get an even better deal on a new Toyota car, truck, or SUV by browsing through ourĀ lease specials and finance specials.

Do you have any questions regarding the finance or lease process at Toyota of Braintree? Send our team a message or call (781) 848-9300.