The Principles Of Leasing

The Principles Of Leasing

When you purchase a vehicle you pay the total sale price. Lease payments on the other hand, reflect only the value of the car to be used over the term of your lease. For that reason, leasing may often allow you to enjoy (at a lower monthly cost) more vehicle than you might otherwise have purchased. 

As an example, let's suggest you're interested in a $55,000 vehicle that will have an estimated value of $22,000 at the conclusion of your lease. If you choose to finance the vehicle purchase in the traditional way, your monthly payments will be based on the total value of the vehicle plus applicable taxes. If you choose to lease, your monthly payments will be lower, as they will not include the $22,000 end value or the applicable taxes on that amount.

If you choose to lease  your Toyota, you can reduce your interest rate by making up to 9 refundable Security deposits for 1.8% reduction in your interest rate. Please see the dealership for details