Lease vs. Purchase: Which option is better for you?

June 6th, 2023 by

Ready to get behind the wheel of a new Toyota? Whether you’ve been eyeing a new car or are considering something pre-owned, the team at Fernelius Toyota in Cheboygan is ready to help you find your next ride. Our family owned and operated dealership has been serving Northern Michigan since 2004 and is equipped to handle all your car-buying needs, whether you’re looking to finance or lease. Not sure which option is better for you? Consider the following:

  • Leasing will give you a lower down payment and a lower monthly payment, as well as an easier trade-in. You’ll also pay less in repair costs, since anything that needs to be fixed will likely be covered by your lease agreement.
  • Financing means you own the vehicle, so you can customize it however you please and never have to worry about limiting your mileage. You’re also free to do with it as you wish, whenever you wish — which means if you ever want to sell it, you can.

The Fernelius Toyota team is happy to provide Michigan drivers a plethora of options for both new and used vehicles, for leasing as well as financing. Whichever you decide, our finance center will ensure the process is clear and hassle-free. Check out our extensive inventory of new and used vehicles, and value your trade, if you have one.

Next, fill out our online finance application. Our experienced auto financing team is ready to discuss auto loans with low rates, or an affordable Toyota lease with low monthly payments.

Ready to view our vehicle inventory in person or schedule a test drive? We have a variety of offers and incentives available and are sure you’ll find your next car at Fernelius Toyota. Give us a call today at 888-337-6354 and let us help you choose the best Toyota car, truck, or SUV for you and your family.

Posted in Comparisons