Leasing vs Financing

So you have done your research, searched far and wide and finally found your perfect vehicle; the only thing left is deciding how to pay for it. Leasing and financing are both good options, but which one is right for you? Here is what you need to know:

Leasing

If you’d prefer to make smaller payments (and who doesn't)? Leasing is a great option, as monthly payments are usually less than for financing. When leasing a vehicle you can even upgrade to the latest model more often and for considerably less. However, leasing comes with mileage limitations and you can't return the vehicle in poor condition.

Financing

Financing usually involves higher monthly repayments than leasing and over a longer period of time. And while you won’t be able to continually switch your vehicle for the newest model, you will own that vehicle. 

If you have questions about leasing or financing, contact us today. Our friendly staff here at Funks Toyota will be happy to help.

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