Buy or Lease from Anderson Toyota in Rockford, IL

Should you buy or lease?


You don't have to decide on buying or leasing until you've compared all of the facts. Consider the suggestions below, consult with members of our sales and finance staff and determine which is right for you.  In the end, there's no right or wrong answer, but there are some significant differences between leasing and purchasing.


With a lease, you can usually . . . 


*Drive a new car without a big down payment.

*Get a bigger, better equipped car than you could afford to purchase.

*Enjoy a new car every few years.

*Pay for only the portion of the car's life that you use.

*Receive tax benefits if used for business (depending on the lease and State and tax laws).

*Enjoy the options at the end of a lease - purchase your leased vehicle, lease a different vehicle, or possibly sell on your own and make money.  All without having to haggle over a trade-in value.  (Note:  There may be end-of-lease costs for excess mileage, wear-and-tear, and early termination.  See our sales or finance staff for details.)


With a purchase, you can typically . . . 


*Build equity

*Drive as many miles as you want.  (Some leases limit you to 10,000 - 15,000 miles per year, though you can usually purchase additional miles at a discount up front.)

*Travel with messy kids, pets, over gravel roads, and drive into ding and dent-prone parking lots without worrying about wear-and-tear charges.

*Carry lower limits for auto insurance.  See your insurer for actual quotes.  (Note:  While purchased vehicles typically carry lower insurance limits, some lenders require "Gap Protection" for leased vehicles.)

*Sell, trade, or transfer title whenever you want (subject to loan requirements).


You can contact Anderson Toyota for all of your leasing and purchasing questions!


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