Should You Lease or Buy After You Trade-In?

If you’re getting ready to trade in your vehicle, you might be wondering what your options are. First off, it helps to consider the trade-in value of your current vehicle. Once you know that, it’s easier to decide where to go from there. Whether you have car buying experience or not, sometimes the choices can still be overwhelming.

Maybe you’re finally ready to invest in the brand new car of your dreams, or maybe your commute is shorter these days, so you think a lease might be a good option for you. It’s always good to do your resBEfearch before making such a big investment. Check out what the current lease deals are or see if there are any good sales on the vehicles you like the most. If you’re sure you want to buy, make sure your daily needs match that beautiful new car you’re thinking about, and if you feel you want to try out a different vehicle than you’ve owned before, a lease might be the better option.

So are you ready to own? Or are you looking to lease? We’ve gathered a little research to help you get started, so you can get into that perfect vehicle that not only will meet your expectations but exceed them in every way.

Find Your Trade-in Value

We make it easy to find the trade-in value of your car right here on our website. Just input your vehicle make, model, trim, and year, and you will quickly receive an up-to-date estimate for your trade-in. You can also just bring your vehicle to us and have one of our finance team members look at it and make you an offer. Having a trade-in is an excellent way to save money on your new car and can be applied to either a lease or a loan. That value will go towards your down payment and can make your monthly payments much lower.

Get a Lease

So you’re thinking leasing is an option worth looking into? Are you ready to trade in your old vehicle and want to get into a new one without the heavy price tag of buying? Leasing is an excellent option for a number of lifestyles. If you just don’t want to permanently own a vehicle right now, leasing gets you into a new car with the latest tech and comfort, all without the long-term commitment of car ownership. If you’re thinking you might be moving in a few years or want to keep things flexible in case something new and exciting comes out, leasing is often a great option.

When you’re leasing a vehicle, it’s important to keep your daily driving habits in mind. If you drive short distances or don’t drive very often, leasing will likely fit into your life. Usually, when you sign a leasing agreement it’s for a limited number of miles. If you go over the set limit, you can quickly rack up extra charges, which no one wants.

Leasing makes it easy to get into that perfect new model. A visit to our dealership offers drivers a wide range to choose from. We often have various lease deals going on, and our finance team is ready to go through all of your options so you can find the best option. So make sure you look around the lot and request information regarding our current Toyota lease terms. You might find a great deal on a vehicle you didn’t even consider before.

Regardless of the lease deal, it’s good to keep in mind that all newly leased Toyotas come standard with the ToyotaCare plan, which is great news for future drivers. Under the ToyotaCare maintenance plan, drivers are covered for their regularly scheduled factory maintenance for two years or 25,000 miles, whichever comes first. Not only that, but drivers get roadside assistance for two years and unlimited miles.

Don’t think that just because you’re thinking about leasing that you’ll have a limited selection. We offer lease deals on some of the latest hybrid models like the Prius Prime RAV4 hybrid, meaning it’s easier than ever to go green while staying within your budget. You can also get a lease on models like the BRZ, Tacoma, Camry, and RAV4. To find the best deals and learn all about the latest incentives when it comes to leasing, make sure to talk to one of our lease specialists, who are up to date on all the great advantages of leasing a Toyota.

Buy Something New

You’ve traded in your old vehicle, and while leasing is tempting, maybe you drive too much, or maybe you just like the feeling of a solid investment. Either way, investing in a Toyota is a great way to go. After you get the trade-in value for your old vehicle, it’ll be easier to configure your budget and see how much you want to spend on your new vehicle. It’s important to keep your budget in mind while looking to avoid going over.

Not only is your budget important, but think about your daily needs and what you want to get out of the vehicle. Is it often just you in the car, or do you have a growing family to consider? What about hauling and towing? How many miles do you drive in a week? These are all good things to consider when you’re thinking about a new vehicle.

When you start looking, it’s always a good idea to learn more about our current special offers and buyer incentive programs to make sure you’re getting the best terms. Luckily, all of that information is easy to find under the “Offers” section of our website, or you can just give us a call and ask us all about them.

If you’re not ready to commit to a vehicle yet and want to start your search from home, you can do so. Browse through our online inventory and use our handy tools to find your trade-in value, see your estimated monthly payments, and compare models and options. With all of this capability, it makes narrowing down your choices based on your budget easy and will save you time when you are finally ready to buy.

Something For Everyone

The great thing about an iconic brand like Toyota is that they have something to fit into everyone’s lifestyle and budget. It doesn’t matter if you need an everyday commuter car or a rugged SUV; Toyota is ready to step up and help you out. With plenty of affordable options, great safety features, advanced tech, and a wide variety of models to choose from, drivers will have no problem finding a car that suits them.

Some of the top sellers for drivers looking to lease or buy include the always popular Toyota Corolla, which is perfect for commuters and small families looking for a long-lasting, dependable car. If you’re looking to go further for less, you can’t go wrong when you invest in one of the most popular green cars out there, the Prius. With its stellar EPA and sleek good looks, your drive has never been funner.

Are you looking to personalize your vehicle? We can walk you through the custom ordering process, helping you choose the model you want and the options like engine, exterior color, special packages, and available accessories so you can tailor your next vehicle to your specific taste. We’ll also give you an idea of how much that will cost you once you subtract the value of your trade-in.

So what are you waiting for? Trade in your current ride and check out the Toyota lease and buying options for your next vehicle. When you’re ready, just stop by Performance Toyota and we’ll help you get into a new ride today. With Toyota, trading in and trading up to a fantastic lease or a freshly financed vehicle has never been easier.

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