Don't get stuck on the auto financing process; instead, let the team at Imperial Toyota help you through the process. We know how complicated the entire process can be, which is why we're here to help you find the right solution without spending hours researching. Many clients ask questions like 'Should I lease?', 'Will financing affect my credit score?', and 'Should I lease or finance my next car?', which is why we're here to help answer your questions and let you spend more time with your new car. Our team in Milford, Massachusetts has helped drivers secure great auto financing rates, low-rate lease options, bad credit financing, no credit financing, and even special financing options. The most important thing to decide between the two is to spend time thinking about your preferences and priorities. Read through the pros and cons of both options, but if you still have questions, the team at Imperial Toyota is here to help create a personalized approach for your needs!
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(508) 488-2382
(508) 488-2382
Finance Department
Benefits of Leasing vs Buying a Toyota from our Milford, MA Toyota Dealership
| Benefits | Leasing | Buying |
| Ownership | x | |
| Lower Down Payment | x | |
| Lower Monthly Payment | x | |
| No Mileage Limit | x | |
| Vehicle Customization | x | |
| Easier Trade In | x |
Leasing Versus Financing
Milford | Framingham | Franklin
Financing
Many drivers consider financing as it allows them to truly make their car their own. Each payment is working towards ownership, and once you've paid off your loan, you own your vehicle outright. That means when you plan to sell your car, you can retain all the value and profits from it. Auto loans also allow you to drive anywhere you want without taking on additional fees since there are no mileage limits on your vehicle. You can also personalize, customize, or change your vehicle freely. However, when you purchase a vehicle, you can typically expect more expensive monthly payments than a lease, as well as a larger down payment. This is because you are paying off the entire value of the car. We suggest this option to drivers that plan on adding a lot of miles to their odometer and those that want to keep their car for a while.
Leasing
The greatest part about leasing is that you can opt for the newest cars every few years. Since leases are a contract, once you're done with the length of the contract you can choose to lease a newer model, opt for a different model altogether, explore financing options for your leased vehicle, or even walk away completely. You can experience a lot more flexibility, as trade-in options are so much simpler. You will also experience lower down payments and lower monthly payments than conventional financing, as you're not paying for the entire value of the car. However, leases are a contract, meaning if you break your lease in any way, you can expect additional costs and fees to cover it. Leases come with mileage limits and don't allow you to modify your vehicle, as you are not the owner. We recommend this option to drivers that need flexible solutions in their life and are mainly looking for a modern daily commuter.
Choose the Right Toyota Financing Option for You
After reading through our auto financing and auto lease options, we hope that you've gained some clarity and confidence in the entire process. However, if you have any lingering questions, make sure to reach out to the auto financing team at Imperial Toyota. We'll help estimate monthly payments, value your trade-in, and explore all of the specials you qualify for. Whether you're from Milford, Framingham, or Franklin, you deserve the best financing options. Speak to our team to learn more about what we can do for you!
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