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14730 Buck Hill Rd, Burnsville, MN, 55306

Should I Buy or Lease?

Car dealer giving car key to buyer


The latest Toyota lease deals have been pretty tempting to Burnsville drivers. That’s why they come to Burnsville Toyota for some of the best lease deals in MN. But is leasing better than buying? It can be for some folks. If you’re wondering, “Should I buy or lease a new car?”, read our handy guide below to find out which is right for you.

Should I Buy or Lease My Next Vehicle?

If you’re trying to decide whether to purchase your next car or take advantage of a Toyota lease deal, the first thing you should do is to calculate how much you can pay upfront and how big of a monthly payment you can afford. Then talk to our finance department. When a customer asks us, “Should I buy or lease?”, we’ll sit down with them and go over what their financial needs are. Generally, leasing saves you money up front, while buying may save you in the long run.

Advantages of Leasing

There are plenty of reasons why starting a Toyota lease may be best for some Apple Valley drivers. Here are just a few:

  • Lower Payments – Lower monthly payments is probably the biggest advantage of vehicle lease vs. buying.
  • Less Sales Tax – In most states, leasing a vehicle drastically lowers sales tax.
  • Trade-Ins – Transitioning to your next car is easy. Just turn your car in at the end of the lease, and start a lease on a new one.
  • Great Coverage – Leased automobiles are always under warranty. As long as you stay under the mileage limit, you’re covered.
  • Options – Because you’ll be in a brand-new vehicle every couple of years, you’ll always have the latest feature options at your disposal.

Advantages of Buying

Sure, we offer some of the best lease deals in MN. But that doesn’t mean that buying isn’t the better option for your specific circumstances. Here are some of the benefits of buying:

  • No Mileage Restrictions – Buying may be right for you if you plan on putting a lot of miles on your vehicle, especially if you do a lot of over-the-road travelling outside the Lakeville area.
  • Total Ownership – When you buy your vehicle, you own it. That means you have equity.
  • Customization – Because you own your vehicle, there are no restrictions on how you customize it.
  • Ability to Sell – Sell your vehicle whenever you choose.
  • Financing Options – Financing is usually easier and more accessible when buying.
  • Less Cost Over Time – Though buying a new car is more expensive in the initial period, it is less troublesome in terms of cost over time as you work towards paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.

Come to Burnsville Toyota for Some of the Best Lease Deals in MN

The friendly staff in our finance center would be happy to walk you through all the ways buying and leasing differ so that you can decide which is better for you. So, why not drop by? We’re just down the road from Savage. And, if you found this guide to be helpful, check out our other car buying tips to help make owning a new or used RAV4 a reality. We’re always here to help, so contact us today!

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