Buy vs Lease

There are few things more exciting than the day you finally get the new car you've always wanted, but there's more than one avenue you can take on the path to getting that car. When shopping for your new Toyota at one of our Don McGill Automotive dealerships in the Houston and Katy areas, you get to choose between either leasing or buying. When it comes to deciding whether to lease or purchase a new ride, there's no better place to turn for the latest and most detailed information than from our friendly and professional sales associates at Toyota of Katy or Don McGill Toyota in Houston, near Cypress. We'll help you figure out which option is the best fit for you.

If you're wondering about financing or leasing your new Toyota model, our Don McGill Auto staff has put together a detailed breakdown of each of these options, making it easier for our customers in Cypress, Houston, Katy, and all of the surrounding areas to make this decision.

Lease

Buy

Ownership

You are renting the vehicle until the end of the lease. It can then be bought for the remaining cost.

You own the vehicle outright and are free to do with it what you will.

Monthly Payments

Payments are lower as you only pay for the depreciation of the vehicle.

Payments are higher because you are paying for the entire cost of the vehicle.

Vehicle Return

Returns can only be made at the end of the lease.

You are solely responsible for selling or trading in the vehicle.

Mileage

Limited to a certain number of miles within the lease term. Additional fees for going over the limit.

You can drive as many miles as you'd like without penalty.

End of Term

You must either return the vehicle or pay the remaining cost to own it.

You no longer have monthly payments and you are the owner of the vehicle.

Modifications

Vehicle must be returned in like-new condition. Any modifications must be removed and may result in additional fees.

You are free to modify the vehicle as you see fit.

When purchasing a new vehicle, it's important to consider all of the options available to you. The sales professionals at Don McGill Toyota of Houston and Toyota of Katy are here to answer all of your questions, and we'll take the time to go over the pro's and con's of each option in order to help you make the right decision. The next best thing to purchasing a new Toyota is making that purchase knowing that you did so using the option that makes the most sense financially, and the experts at our Texas dealerships are here to help make sure that happens.

Contact a Lease Specialist