Toyota of Muncie is the trusted Toyota dealer serving Richmond, IN and we’re so excited to have you reading with us today. There’s never a bad time to get yourself outfitted with any of the fine new Toyota vehicles on our lot but it’s not always immediately clear what the best method of purchase is. Deciding to buy or lease at Toyota of Muncie depends on your personal situation, needs, and wants. We’re here to help you make the best possible decision and we’d like to take this opportunity to discuss the perks of both.
When You Should Lease
Deciding to lease any of the excellent new Toyota vehicles on the lot at Toyota of Muncie is often a great fit for many people. Perhaps you’ve decided on the 2018 Toyota Camry and you’re wondering if leasing is right for you. Well, if you’re concerned about the steep depreciation that occurs in the first year of new vehicle ownership, then a lease might be right for you. Leases don’t translate into equity in your vehicle but it also means you’re not ‘stuck’ with a vehicle after the lease ends. This also means that you’re able to mix things up more often and try different models. Another benefit is that you never have to worry about paying for maintenance and repair costs (not including accidents) since Toyota of Muncie covers that during your lease. If those benefits sound like big pluses to you, then you’re a great candidate for leasing. Of course, our Finance Department is here to help you work it all out.
When You Should Buy
Many customers prefer to treat a new vehicle as an investment and if your financial situation permits, buying a vehicle outright can be a good choice. Buying allows you to build equity in your vehicle and recoup some of your investment once you’re ready to move on. Buying a vehicle also means that you don’t have to stay within mileage caps or restrictions on customizations or vehicle personalization. Anyone who regularly puts a lot of mileage on or wants to put their personal touch on their vehicle is likely a good candidate for buying.
Financing a Toyota Vehicle at Our Dealership