Lease vs. Buying In San Diego

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If you’re in the market for a new vehicle for your San Diego commute, you may be wondering whether you should buy or lease your next sedan, truck, or SUV. The answer will depend on your personal vehicle preferences and your budget. It’s best to make a plan that covers your needs, what you can afford, and what you want in a new vehicle and go from there. Follow along with Mossy Toyota as we discuss the differences between lease vs. buying to help you find the option that’s best for you. Have a question about our financing or leasing options? Contact our finance department.

Buying Advantages

When you buy – or finance – a vehicle from a La Jolla dealership, you have the benefit of owning the car in full after you pay back your loan. This is a great option for drivers who plan to keep their vehicle for many years. See the benefits of financing below:

  • No Mileage Restrictions: When you finance a vehicle you won’t have limits on your mileage. Financing is ideal for drivers who have long commutes or like to road-trip across the country often.
  • Total Ownership: Financing a vehicle means you own it in its entirety. You can modify, decorate, or add accessories to your vehicle as you please without fear of restrictions.
  • Customization: Along with adding decorations, you can modify your vehicle with paint or get cosmetic changes when you choose to buy rather than lease.
  • Ability to Sell: Sell your vehicle to a friend or family member whenever you choose since you’re not locked into a leasing plan.
  • Financing Options: The financing process is generally considered more straightforward than leasing, although neither process is a headache when you come to a dealer like Mossy Toyota! Financing is also more open to Chula Vista drivers who have less than perfect credit scores. You can also refinance your loan later for lower rates and a lower monthly payment.
  • Less Cost Over Time: Buying a car is more expensive upfront, but after you pay off your loan the cost of owning a vehicle goes down significantly. Overall, drivers who buy a car and pay off their loan will save more than drivers who decide to lease.

Leasing Advantages

When you lease a vehicle you’re essentially renting it from the dealership until the end of your lease term. Drivers who like to stay up to date on the latest automotive technology, or drivers who don’t want to deal with the hassles of car ownership will find leasing is the better option for them. See the benefits of leasing below:

  • Lower Payments: Leasing a vehicle will cost less up front than financing a vehicle will. Expect lower monthly payments and a lower down payment when you choose to lease vs. buy.
  • Less Sales Tax: Leasing a vehicle will drastically lower the sales tax in most states. You may only need to pay tax on your downpayment and monthly payments.
  • Trade-Ins: Trading in your vehicle for a new model is easy when you reach the end of your lease term. Simply bring the car back to the dealership, pay off any fees (if you have any), pick a new Toyota model, sign, and get back on Carlsbad roads!
  • Great Coverage: Leased vehicles come with top-of-the-line warranty coverage, making maintenance a breeze. As long as you stay within your lease terms, you’ll be covered.
  • Options: When you lease a vehicle you can stay up to date on the latest automotive technology. Whether you enjoy next-generation interior features or want the most powerful engine available, you can upgrade your ride every few years with a leasing plan.

Buy Or Lease Your Next Vehicle At Mossy Toyota!

Whether you decide that you should buy or lease your next Toyota model, the finance team at Mossy Toyota is here to help you! Explore our inventory of Toyota models in our online showroom, then read our other car buying tips to familiarize yourself with how to trade in a car that’s not paid off, as well as the rest of the car buying process. When you’re ready we’ll help you find the right financing or leasing plan that’s right for your budget!

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