What's the difference between leasing and buying?

Holman Toyota | Sep 21, 2021 | Category: Toyota dealer

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Vaz Lynn | Sep 21, 2021

Well if u leasing,, u can get another car every 1 or 2 years, and if u buy its urs,, not trade in,,thats the difference

Holman Toyota | Sep 21, 2021

Leasing allows you to get more car for your money by allowing you to drive a more expensive car with lower payments - when compared to owning a car of the same price. Leases are structured in 2 to 3 year increments which means you will always be covered by a warranty and can get a new vehicle at the end of your leasing term. Buying offers freedom in other arenas with no restrictions on the miles driven or customization options. Once a financed vehicle is paid off, you will not have to make any more payments and you may keep the vehicle as long as you want. Warranties do expire, but you always have the option to purchase an extended warranty.

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