Should I Buy or Lease? | Ruston, LA
Should You Buy or Lease in Ruston, LA?
There are great options here in Ruston, LA, whether you decide to do either. Here at Karl Malone Toyota of Ruston, we understand the stress of choosing between whether you should buy or lease your new Toyota. Sometimes you may even get confused on which gives you the better price or plan. We’re here to make sure you’re comfortable with making the choice that’s right for you. We’ve handled thousands of questions before from our customers from Monroe, Shreveport and Bossier, so we’d like to help you decide which is best for you by providing these perks when you buy or lease from us. Taking a look at this page may give you a better understanding of what’s right for you.
Why Lease a Vehicle?
Moderate Monthly Payment
Just like renting, when you lease your Toyota, you’re agreeing to make monthly payments on that vehicle until the end of your agreed lease period, at which point you’ll return the vehicle to our dealership. While buying a new car is a great option, leasing will give you a number of new innovative and safety features for however long you decide to “rent” the car. While you’ll be able to finance if you buy a car from us, leasing will give you a cheaper monthly payment and you’ll still be getting a brand-new car to take home.
Lifestyle Flexibility
We’re able to work with you based on your goals and lifestyle. Many owners work from home and have chosen different leasing options to better suit their situation. Leasing with us can offer the flexibility to drivers that buying can’t always provide. For example, a lease period is between 2-3 years (or 24-36 months), which are shorter terms than buying. And to suit your lifestyle, owners who lease are given 10,000-12,000 miles per year on their vehicle (depending on your terms), and many find that they won’t use them all. (But you can always purchase more miles at signing if you’re nervous.) And when your lease is up, don’t worry about having to sell or trade in your car. All you have to do is return your Toyota back to the dealership once your lease is up, while also having the option to purchase the model if you want to hold onto it for a little longer.
Warranty Protection
Looking for another reason to lease from us? New Toyota models are covered under their New Vehicle Warranty for three years or 36,000 miles (whichever comes first) and their Powertrain Warranty for five years of 60,000 miles (whichever comes first). This means that while you’ll be driving your new car around town, any maintenance issues or repairs will be covered under warranty. And in addition to those warranties, the ToyotaCare plan covers normal maintenance for two years or 25,000 miles (whichever comes first). You’ll also have 24-hour roadside assistance included for two years and unlimited miles.
Why Purchase a Vehicle?
No Additional Fees
Buying a car from Karl Malone Toyota of Ruston is another great option, as you won’t be charged for excessive wear and tear, exceeding mileage limits and exiting the lease agreement early. Your car is yours to customize once you purchase from our lot. Plus, on a lease, any customization that you’ve added during your lease period must be removed and any residual damage paid for. If you buy, the dealership won’t charge you fees if you’re in an accident or if you decide to upgrade anything on your car. You’ll have a lot more freedom buying your car than if you lease.
Financial Flexibility
If you decide to buy your new Toyota, we have several options in order to lower your financial costs, both upfront and long term. No matter if you’re buying a new or used car, we’ll make the process as easy as possible. You’ll have access to our trade appraisal tool if you’re interested in finding out how much your trade-in would be worth, which in turn will save you money on whatever car you decide to buy. Should you choose to pay in cash to avoid paying interest or apply for credit, you’ll get effortless financing here from us at Karl Malone Toyota of Ruston. Check out our monthly new car specials to find out what’s on sale to find something that’s perfect for you. Buying from us will make for a better investment in your future.
True Freedom
While some may think it’s a hassle buying a new car, you’ll truly feel free after driving off our lot. Each of our Toyota model’s are customizable to your lifestyle and the trips you want to take. You’ll get the miles you want, the features you desperately need and most of all, you’ll be safe while taking control of the open road. At Karl Malone Toyota of Ruston, we’re here to facilitate whatever you're looking for in your next car. Buy your next Toyota from us and have the freedom to go when and where you please.
If you’re ready to be the proud owner or lessee of one of our new models or are interested in learning more about your lease-end options, feel free to contact us online or visit Karl Malone Toyota of Ruston at 1001 N. Service Road East Ruston, LA 71270. Remember, a member of our team is just a phone call away if you’d like to talk through your options instead! We look forward to serving customers from Ruston, LA, near Monroe, Shreveport and Bossier.
Visit Consumer Reports’ page for more information on whether you should buy or lease.