There are many factors to consider when heading out to find your new vehicle. One of the first things to decide before shopping is deciding whether you are looking to buy or lease your next ride in the Dallas, TX area. Atkinson Toyota South Dallas wants to help you make the decision that is best for you. There are benefits to both purchasing and leasing vehicles, depending upon your needs.

So how does leasing work? Lease customers essentially pay for the depreciation that occurs during the term of the lease agreement. Leasing allows customers to trade up for a new car more frequently, meaning that lease customers have access to the latest advanced safety and technology features. Lease benefits include:

  • Lower monthly payments

  • No huge downpayments

  • Possible to add a few more options or upgrades while staying within budget

  • No need to sell your car

    • When leasing term ends, you can drop the vehicle off at the dealership and don’t have to worry about selling or trading in your vehicle before acquiring your next one

  • Car remains covered by warranty

    • Because most warranties are 3 years or less and most lease terms are around 3 years, you’ll have a predictable cost of ownership

    • Some leases even include basic maintenance, making your only costs fuel and insurance

  • Don’t worry about depreciation

    • Since you don’t own the vehicle, you do not take on the difficulties of depreciation

Perhaps you prefer a long-term option when considering your next vehicle. If you are looking for an investment option, it may be that financing is the ideal option for you. The benefits of purchasing include:

  • No monthly payments after your car loan is paid off

  • No mileage restrictions

  • You are free to customize your vehicle

  • You can sell your car at any time. You are not tied into a time-dependant agreement

Still debating which option is the best for your needs? Come by Atkinson Toyota South Dallas at 39660 Lyndon B Johnson Fwy, Dallas, TX 75237 or give us a call at (972) 780-1166 to speak with one of our professionals who are available to answer any further questions you may have. Our Finance hours are Monday-Saturday 8:30 AM-9 PM. Ready to shop for your next vehicle now? You can view our new inventory online anytime.

Categories: New Inventory, Finance, Fleet, News