Buy vs Lease

Torn Between Buying vs. Leasing a Car? Know your Options

At Toyota of Portsmouth we want our eastern New Hampshire customers to know all of their options when it comes to shopping for a new car. That's why we have a fully-staffed, expert finance center located right here at the dealership to assist you with all of your questions.

The financing pros at Toyota of Portsmouth can guide you through the car-buying process step-by-step, answering all of your questions along the way.

Over time, we've learned that one of the biggest questions people have when they visit our financing team is whether they should buy or lease their new car. A lot of our customers aren't sure which option is best for their lifestyle and budget. Our goal is to make sure you know the differences between the two and to help you decide which works better for your situation.

Key Differences Between Lease and Buy

Lease

Think of leasing a car in the same way you think about leasing an apartment. You sign an agreement for a certain period of time at a given monthly payment. You are expected to keep to a set limit of miles on the odometer and, at the end of the time period, you return the car. There are a few benefits to this type of arrangement, including:

  • Low monthly "rent" payment
  • Hassle-free return of the car at the end
  • You get to choose a brand new car to drive every couple of years
  • As opposed to purchasing, when car depreciation can be devastating, with leasing you don't have to worry about the car's value depreciation

Buying

Purchasing a car is very different than leasing, but it also comes with many benefits that people like, including:

  • You can sell the car any time you want
  • After you're finished making loan payments, you own the car outright
  • There's no mileage limit and you can put as many miles as you want on the car
  • Successful payback of a car loan helps increase your credit rating

Financial Services at Toyota of Portsmouth

Before you begin your car-buying journey, visit our online financing tools, including our financing application. You can fill out all of you financial paperwork ahead of the time and know your approximate budget before you even start test drives.

Don't miss our periodic auto financing specials as well. Leasing or buying, we provide our customers with terrific specials on the cars you want.

Toyota of Portsmouth is located on Greenleaf Avenue, convenient to Portsmouth, Dover, Rochester, Exeter, and Hampton. Stop by and let our finance team work with you to find the new Toyota of your dreams.

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Contact

Toyota of Portsmouth

150 Greenleaf Ave
Directions Portsmouth, NH 03801

  • Sales: (603) 280-4239
  • Service & Parts: (603) 280-4212

Hours

  • Monday 8:00AM - 7:00PM
  • Tuesday 8:00AM - 7:00PM
  • Wednesday 8:00AM - 5:00PM
  • Thursday Closed - Thanksgiving
  • Friday 8:00AM - 6:00PM
  • Saturday 9:00AM - 5:00PM
  • Sunday 11:00AM - 5:00PM
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