When shopping for a new or used car, many people consider all options, from car model preferences to financing plans. There are advantages and disadvantages to both buying and leasing a new vehicle in Vacaville, CA, so each individual must make a decision based on their particular situation.
For those on a tighter budget, leasing is the more reasonable option. Drivers can get a car for less money up front and lower-priced monthly payments compared to car loans. Many car leases last up to three years, so the vehicle typically remains under the new-car warranty for repairs during the lease term. The owner still must maintain the leased car so it runs effectively and prevents greater damages. The same goes for a bought vehicle.
Many leases typically restrict the vehicle’s yearly mileage between 9,000 and 15,000, so drivers should be prepared estimate yearly mileage and stick within that amount. Exceeding the yearly mileage can result in overage fees. Since leased vehicles aren’t owned by the driver, any changes made to the vehicle must be removed prior to the end of the lease term. However, installing new equipment shouldn’t be necessary since leasing allows drivers to use a new car with the latest features. Then, at the end of the lease, drivers can opt to buy the vehicle in full or walk away and lease an even newer model.
When purchasing a new vehicle, drivers fully own the car and can make any changes to the interior and exterior. The owner should consider future trade-in value or selling options for down the road. Down payments and monthly loan fees are typically more expensive than leasing, and drivers may be paying off their vehicle for six or more years.
Currently at Toyota Vacaville in Vacaville, CA, drivers can take advantage of a leasing special for the 2015 Toyota Camry. The lease lasts 42 months and starts at $179 per month–a reasonable deal for an outstanding vehicle! For more information, contact our team at Toyota Vacaville and check out our inventory of new cars for shoppers to lease or buy. We aim to find Vacaville, CA residents their ideal vehicle and a financing plan to fit their situation.