{"id":7549,"date":"2023-05-03T12:07:05","date_gmt":"2023-05-03T16:07:05","guid":{"rendered":"https:\/\/ptoyota.dealervenom.com\/?page_id=7549"},"modified":"2024-04-02T22:30:16","modified_gmt":"2024-04-02T16:30:16","slug":"buy-vs-lease","status":"publish","type":"page","link":"https:\/\/www.toyotaofkaty.com\/finance\/buy-vs-lease\/","title":{"rendered":"Buy VS Lease"},"content":{"rendered":"
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BUYING VS LEASING<\/span><\/h1><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
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Buying vs Leasing Cars in Katy, TX<\/span><\/h2><\/div><\/div>

When it comes to buying or leasing a car the options can be confusing. To help you make an informed decision we have provided the information below. We hope you find it informative and useful. When you buy the new or used car you pay for the entire cost of the vehicle. When you lease the new or used car, you pay for only a portion of the vehicle\u2019s cost, which is the part you use during the time you are driving it.<\/span><\/p><\/div><\/div>

Finance Center<\/a><\/span><\/div>
Browse New Vehicles<\/a><\/span><\/div><\/div><\/div>
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Who Owns it?<\/h3>
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Buying<\/span><\/h4><\/div><\/div>

Whether you pay for the car with cash, or finance it and make monthly payments, either way it\u2019s yours. Of course, if you\u2019re financing it, you\u2019ll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don\u2019t, they have the right to repossess it.<\/span><\/p><\/div><\/div><\/div><\/div><\/div>

Leasing<\/span><\/h4><\/div><\/div>

You do not own the car when you lease. You\u2019re paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car.<\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>

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Upfront Costs<\/h3>
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Buying<\/span><\/h4><\/div><\/div>

If you\u2019re financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender\u2019s requirements and your credit score.<\/span><\/p><\/div><\/div><\/div><\/div><\/div>

Leasing<\/span><\/h4><\/div><\/div>

Leases often do not require any type of a down payment. All you usually have to pay is the first month\u2019s payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.<\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>

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Future Value<\/h3>
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Buying<\/span><\/h4><\/div><\/div>

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)<\/span><\/p><\/div><\/div><\/div><\/div><\/div>

Leasing<\/span><\/h4><\/div><\/div>

In most leases you don\u2019t end up owning it so you don\u2019t end up selling it. That\u2019s the financial institution\u2019s job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.<\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>

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End of Payments<\/h3>
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Buying<\/span><\/h4><\/div><\/div>

Once you\u2019ve paid off what you owe on your contract, that\u2019s it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.<\/span><\/p><\/div><\/div><\/div><\/div><\/div>

Leasing<\/span><\/h4><\/div><\/div>

Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we\u2019ll make sure you have your lease set up the way you want it.<\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>

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Best Cars to Lease<\/h3>
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Buying<\/span><\/h4><\/div><\/div>

This does not apply to buying a vehicle. View our Toyota dealership Toyota model research page<\/a><\/strong><\/span> to learn more about new Toyota vehicle specs, features, and more!<\/span><\/p><\/div><\/div><\/div><\/div><\/div>

Leasing<\/span><\/h4><\/div><\/div>

The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, you pay less. Review the lease ratings to see which cars retain their value. <\/span><\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>

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Learn More<\/h3>
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There are few things more exciting than the day you finally get the new vehicle you've always wanted, but there is more than one avenue you can take on the path to getting that vehicle. When shopping for your new vehicle at Katy, you get to choose between either leasing or buying that vehicle. When it comes to deciding whether to lease or purchase a new ride, there's no better place to turn for the latest and most detailed information than right here at Katy. We'll help you figure out which option is the best fit for you.<\/span><\/p><\/div><\/div><\/div><\/div><\/div>

Unless you've happened upon a bag full of cash, chances are you're not going to be able to purchase a vehicle outright. That means you'll have to decide on the best way to finance the new Toyota vehicle that you've decided upon. This is where the decision between either leasing or buying comes into play, but how can you tell which one is right for you? Katy<\/span> has put together a detailed breakdown of each of these options, making it easier for our customers in Cypress, TX<\/span>, Fulshear, TX<\/span>, and all of the surrounding areas to make this decision.<\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>

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