Why Lease?

Lower Monthly Payments - Monthly lease payments are usually lower than monthly loan payments from financing because leases ONLY pay for the use of the car, not the entire vehicle. For example, on a $30,000 car, you’d finance the entire $30,000 purchase price with a car loan. With a car lease, you only pay the difference between the car’s price and what it’s expected to be worth at the end of the lease, which is a car’s residual value. Many times you can lease a Toyota with little or no money down, so there is less out of pocket expense at the onset.




Upgrade Your Car - If you enjoy having the newest high-tech features, leasing could be the better choice for you. Since you’d be leasing every few years, each new car you lease will have the latest and greatest technology and safety features. With a leased car, you don’t have to worry about selling the car or getting a good price for your trade-in. When the lease is up, you can simply turn in the car and walk away.

More Options - When you lease, you have options available at lease-end. You can choose to lease another Toyota, or purchase the one you have grown to love at a much lower. Or, you can turn it in and walk away.

Minimal Maintenance - When you lease, you have options available at lease-end. You can choose to lease another Toyota, or purchase the one you have grown to love at a much lower, no hassle pre-determined price. Or, you can turn it in and walk away. Without selling or trading in your old car, you can enjoy a simple process that allows you to drive a new vehicle every few years.

Leasing programs through Coggin Toyota at the Avenues give you the freedom to change your mind every few years, often with lower monthly payments than a loan. 


Why Buy?

Ownership - At the end of your loan, you own your car with no payments. You can love your Toyota for as long as you want and it's all yours.

No Limits - Drive an unlimited amount of miles with no penalty - if you typically drive your car more than 12,000 - 15,000 miles per year this option is preferable.

Personalize - If you like to customize, modify, or repaint, then buying a Toyota is probably your best choice.

Asset Retention - When you buy, you retain the benefit of trade-in or resale value. However, since a car is a depreciating asset, you may find yourself a bit upside if you choose to trade unless your loan has been fully paid off by that point.

Leases and car loans are just two different methods of automobile financing. One finances the use of a vehicle, and the other finances the purchase of a vehicle. There are benefits and drawbacks to both. Whether one or the other is more beneficial to you depends entirely on your own personal situation and preference. Come in today and buy or lease a car today.