Why Lease | Harlingen, TXNew Toyota Inventory About Our Dealership Contact Us
Leasing a car, truck, or SUV is a viable option if you are in the market for a new set of wheels. When you lease, you essentially rent the vehicle from a dealership like Bert Ogden Toyota for a set amount of years (a typical lease term lasts three, four, or five years). At the end of the contract, you return the vehicle back to the dealership. During the lease, you follow specific guidelines that limit your annual mileage and freedom to accessorize the vehicle.
What are the benefits to leasing?
Financial benefits of leasing
When you lease a vehicle, you can typically pay a low down payment or no down payment at all. Your monthly payments will also be much lower than if you were financing the car to own. That’s because you are only responsible for paying the estimated difference between the vehicle’s current worth and what the value will be when you return the vehicle. This makes leasing much cheaper.
However, you won’t get a trade-in value when returning the vehicle to the dealership (because it is not yours to sell), and if you exceed mileage restrictions, you may have to pay a fee.
Warranty and maintenance benefits of leasing
During the entire lease, your vehicle will be under warranty, so any major mechanical issues will be covered. Some lease agreements may even include free maintenance at the dealership, saving you further.
Upgrade benefits of leasing
Because you are spending less money by leasing, you may be able to afford a vehicle or trim level that would otherwise be out of your price range. This gets you access to luxury features like leather seating, premium sound systems, and added convenience features. By leasing every three years, you have access to the latest safety and infotainment technology on the market.
You can lease any of the new vehicles available at Bert Ogden Toyota. Pay us a visit to see what your next car could be.