Leasing a Vehicle: What You Need to Know

The traditional car-buying route may not be ideal for everyone. Leasing a vehicle is an alternate path, and it can allow for more affordable payments, a new and reliable vehicle, and a temporary commitment. If you live near La Crescenta, search for “Toyota dealer near me,” and you can see our wide selection of models available for lease in person.

Basics of Leasing

Essentially, leasing a car is a lot like renting a home, except you get the option to buy or walk away when the contract is up. Full coverage insurance is usually required on a lease, and monthly car payments are substantially lower on a lease as well. This allows you to get behind the wheel of a new car with the best gadgets and convenience features for an affordable price.

At the end of the day, a leased vehicle is still technically owned by another party, so you won’t have to worry about selling it when you’re ready to move onto something new. In fact, you can sometimes get special deals for being a “returning lessee,” so it could be to your advantage to lease another model when your current one expires.

When Leasing Is Right for You

If you’re looking for short-term commitment, a lease is a great choice as many agreements range from one to three years. Whether it’s because of finances or if you just want to make sure this is the right car for you, leasing ensures you will have plenty of options when the contract is up.

At Bob Smith Toyota, we are always happy to chat more about leasing. We are also constantly offering Toyota lease deals as well, so make sure to check our website for current specials.