Three Times a Toyota Lease is NOT a Good Idea

While taking on a Toyota lease means lower monthly payments and less commitment, leasing isn’t the right choice for every driver. Here at Toyota Chula Vista, our team of friendly Toyota finance professionals understands the advantages and disadvantages of both leasing and buying. Here are three instances where leasing a Toyota car is not a good idea and buying is the preferred route.

You Drive Over 12,000 Miles Per Year

Leasing is an excellent choice for some people, but if you regularly drive over 12,000 miles per year, you may have second thoughts about leasing. This is because most lease contracts have a yearly mileage limit of 10,000 to 12,000 miles. If you exceed this mileage in a year, you will face extra per-mile charges.

You Don’t Like the Idea of Spending Money on Something You Don’t Own

You can think of a Toyota lease as being similar to a long-term car rental. You pay a flat amount each month to drive a new Toyota car for a set amount of time, and – in most cases – you’ll take on another lease when the current one runs its course. In contrast, when you buy a new Toyota car like the Toyota RAV4, your monthly payments lead to eventual ownership.

You Like to Customize Your Car

Similar to the mileage limits that go along with leasing, leases often include stipulations that the car cannot be altered or customized without incurring fees. If you like to tinker around and customize your vehicle with OEM Toyota parts, we recommend buying the car. If you need help deciding whether leasing or buying is the right choice for you, we can help narrow your options. Test-drive a new Toyota car at Toyota Chula Vista today!