Close Buy vs Lease in Wichita Falls, TX
Are you thinking about getting a Toyota Corolla, Highlander, or Tundra? When you come to Toyota of Wichita Falls, you’ll have the opportunity to buy or lease those vehicles. Learn what makes each process unique in this overview provided by our Finance Department to determine which format best fits your lifestyle.
Buying
Purchasing a vehicle is the more common of the two options. Still, there are some variations that can take place within this format. Usually, a person finds a Toyota that they like on our website, comes to our dealership to test it out, and then works with our Finance Department to buy it. Some people can buy a vehicle while nixing monthly payments, owning it outright. Most people enter into a financing agreement where they bring a down payment to the table and get a loan to cover the rest of the price. From there, you’ll pay monthly for between three and five years, or longer, depending on your situation. Once that agreement has come to a close, the Toyota model is yours to drive through Wichita Falls and to modify as you please.
Leasing
A lease is essentially an extended rental contract. In this case, you will select one of our available models, submit a Finance Application online, and then finalize details with our team. Unlike buying, leasing does not result in you owning the car at the end of the contract. Additionally, drivers need to stay within the boundaries of the lease by only driving a certain number of miles a month and submitting the vehicle to routine maintenance so that it stays in good shape. The contracts last an average of three years, during which time you’ll have smaller payments compared to buying in most cases. When the lease ends, drivers can turn it in for a factory-fresh Toyota model to travel along I-44. You have two other options, buying the vehicle or turning it in and not continuing the contract at all.
Deciding Which Is Right for You
Before you choose which path to take, let’s put up some points of comparison. Leasing is shorter in duration, lasting three years on average, compared to four or more with buying. In terms of monthly payments, leasing is often less expensive than buying. However, buying a vehicle results in ownership, and leasing does not. Additionally, you do not need to abide by mileage limits when you’re going to purchase a Toyota to drive back and forth to Lucy Park. All in all, if you prefer to have flexibility in terms of vehicles, lower installments, and don’t want to become the owner of a car right now, you should consider leasing. If you’re looking to make an investment in a Toyota model that will become yours in the near future, you should consider buying one. Reach out to us during our hours of operation to ask any questions!
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Testimonials
“ Jesse is great!! He was super sweet and helpful and they did their best to give us a great deal and make sure we were pleased. When I couldn’t find the vehicle color I preferred at the dealership, Jesse found the one I wanted at another and got it en route ASAP and worked a great deal for me. Can’t recommend enough! If you need fixed up with a new ride definitely reach out to Jesse! Parker was also great on the financial side and was super informative and kind. Will definitely be using them again when it’s time for a new vehicle. ”
“ Jesse Garcia is a top tier salesman and manager ”
“ Go see Jesse Garcia for a new car. He's knowledgeable and listened to what I wanted. Highly recommended Toyota Wf and Jesse Garcia. ”
“ Thank you to Jesse Garcia for making everything easy AS ALWAYS #MYNUMBERONESALESMAN ”
“ We had the best experience with Jesse and Parker! I hate trading in vehicles but they made the process easy and comfortable. So comfortable that my wife decided to trade in her truck as well! We will be back to visit when it’s time to trade again. ”
“ Jesse Garcia ”
“ I have been a customer of Toyota of Wichita Falls for quite a few years. Great customer service and amazing staff. Alvin from service department always goes above and beyond to help out. ”
“ Chucky went above and beyond to hep us out and Parker streamlined the finance dance to help us out. Great experience!! ”
“ Was a drive-in for an oil change and rotation and within 40 minutes it was ready. I also had a couple questions and the service advisor did some research and provided me a thorough answer before I left. Great service and folks. ”
“ I’ve bought 3 Toyota's from different deals over the last 16 years. It was so very easy with Chad Garrett. He’s been outstanding a five star service and taking care of EVERYTHING I needed. I loved the experience and as long as I have him to deal, At WF Toyota with, they have my future loyalty. Try out Wichita Falls Toyota and be sure and ask for Chad. You’ll be glad you did. ”
“ Well at first I wasn't looking to purchase a car at that time but Scott was so great how the way he listen to me on what I was looking for and I truly appreciate him. He's one of the top sale representative if I could give him ten stars he would get it. ”
“ Always pleasant experience with Toyota! Best dealership in town! ”
“ Friendly staff ”
“ As always, no complaints! Service department really shined. Routine maintenance service was quick and without delay. Kudos to the folks at Toyota of Wichita Falls! ”
“ Very friendly and helpful. Quick and easy to get service done. ”
“ We were really impressed with the sales experience at Toyota of Wichita Falls! Ricardo was definitely not a used car salesman - he was very pleasant and helpful, and simply wanted us to have the right vehicle at the right price. And Parker, the finance manager, didn't play any games either. The numbers they quoted were exactly what we paid! Simply amazing! By far the easiest vehicle purchase we've ever had! ”
“ Courteous, proficient and fast service. ”
“ Alvin in service department is great. Highly recommend. He is and continues to be helpful! 10/10 ”
“ Chad Garrett has been extremely helpful in finding the van for my needs and color pickiness. In one day Chad found one and he helped me close the deal over the phone. Chad I can not Thank you enough for your help ”
“ Very friendly staff, comfortable waiting area, fast service. ”
“ The gentleman I dealt with was very professional and understanding !!!! ”
“ Went in for a tire repair. Great service department. Explained service provided and future recommendations. ”
“ My experience with Crystal was awesome, She went above and beyond to keep me informed with all service inspection and kept in touch when my car would be ready , she was polite , welcoming and made us feel my family vechicle would be taken care of , Thank you crystal for giving awesome customer service , look forward in taking our next car for a multi inspection, Thank you Toyota for having a employee like Crystal that goes above and beyond for customers, truly appreciate. ”
“ They do awesome job. ”
“ Excellent Service ”
“ Great service glad I bought the warranty. ”
“ Appointment easily scheduled, maintenance and recall work accomplished efficiently and thoroughly. ”
“ Quick and efficient ”
“ Noisy waiting area ”
“ Very quick and convenient service. ”
“ Jessie was great ”