Should I Lease or Buy My Next Toyota?

Choose the best finance option that fits you.

Special Offers Shop Inventory
Couple with Car Keys

Should I Lease or Buy My Next Toyota?

Choose the best finance option that fits you.

Special Offers Shop Inventory

Helping Greensboro, NC drivers discover their vehicle finance options is what we do!

At Rice Toyota, we recognize that no two car shoppers are the same and that every customer requires financial options that are unique to them. Customers from High Point, Winston‑Salem, Burlington, and beyond can rely on us to assist them when it comes to explaining the differences between leasing and loans, and help them determine what may be the best overall option for them.

While we will never pressure you into a decision, we hope that you find this information on the differences of leasing a new Toyota and buying a new Toyota useful so you can make an easy decision for which option is best for you. Read more below, and it you have any further questions, please reach out to our skilled sales and finance team who will be happy to assist you!

Lease OR Buy Comparison

  • Overview
  • Ownership
  • Payments
  • Mileage
  • Wear & Use
  • Flexibility

Overview

Lease

If you are accustomed to being in a new vehicle every couple of years, or if you're looking to have lower monthly payments, leasing with Southeast Toyota Finance may be the best option for you. Drive a new Toyota for a set amount of time and number of miles, and then return it to Rice Toyota at the end of your term. We offer a variety of lease options where you can select the term and mileage that works best for you and your lifestyle.

Buy

If you enjoy the idea of ownership and having the same trusted, reliable Toyota for a number of years and want zero limitations on the amount you can drive, than financing a new Toyota purchase may be your ideal option. Financing your vehicle from our Greensboro & Winston‑Salem Area Toyota Dealership allows you to make payments for a selected term, and at the end of the term, the car is yours. That means a total ownership experience and maybe even equity down the road.

Ownership

Lease

When you lease a new Toyota, you eon't own it. You pay to use it during the term of your lease, allowing you to drive the very latest models every few years.

Buy

Once your financing obligations are met, you will own your Toyota outright. When you finance a Toyota, you can sell or trade it in at any time.

Payments

Lease

When leasing a new Toyota from our Greensboro, NC dealership, you will be paying for the vehicle's depreciation, plus the applicable taxes and fees, rather than the actual purchase price. Meaning, Winston-Salem, Burlington, and High Point Toyota lessees can drive a premium vehicle for less money than you might if you were to purchase with financing over a similar term.

Buy

When you finance your Toyota with us at Rice Toyota, you will have a payment that is based on the terms of your contract. You will have a set number of payments, each of which may help you build equity in your vehicle. Since you're paying for the vehicle's purchase price over the term of your contract, your monthly payment will typically be a bit higher than if you were leasing the same vehicle over a similar term.

Mileage

Lease

When you lease a new Toyota, you can choose from a variety of mileage options to meet all of your driving needs. Whatever you choose as your base mileage option, you'll retain the opportunity to purchase more miles later on.

Buy

When you finance a new Toyota from our Burlington Area Toyota Dealership, there is no limit to how many miles you can drive. However, if you decide to sell or trade in your vehicle, the mileage you've accrued could impact its value.

Wear & Use

Lease

Most leases charge you for any damages made to the vehicle. Cracks, cuts, tears or stains that are more than 1/2 inch may be considered excess wear and tear.

Buy

Since you will own your Toyota once you've paid it off, there will be no charges for excessive vehicle wear and tear. However, if you decide to sell or trade‑in your vehicle down the road, excessive ear and use could impact overall value.

Flexibility

Lease

At the end of your lease, you have the flexibility to return your leased Toyota directly to us at Rice Toyota, you could also purchase your leased vehicle for a predetermined price, or buy or lease a new Toyota vehicle.

Buy

When you buy a new Toyota from our North Carolina Toyota Dealership, you will get to drive the vehicle for as long as you'd like without any type of limitations to your mileage, or any after market changes you may want to add.

I Want To Lease

The flexibility and lower payments of leasing fits many Burlington, Winston‑Salem, and High Point area Toyota shoppers. Check out our current lease offers to see various leasing specials, or contact us so we can price out lease payments specifically for your needs.

View Toyota Lease Offers

I Want To Buy

Are you ready to buy a new Toyota from our North Carolina Toyota Dealership? Check out our great selection of new Toyota inventory and we can help you with all finance options that are available to you.

Shop New Toyota Inventory

"Finance was amazing. They broke everything down for me to understand and gave me the best interest rate possible. Highly recommend this place!"

– Kelly B. Google Review

Still unsure if you should lease or finance your next Toyota?

Our team of finance experts at Rice Toyota in Greensboro, NC have been assisting drivers in the Greater Greensboro and Winston-Salem region for years and have helped countless customers decide on which options will work best for them. Toyota shoppers from Winston‑Salem, Burlington, High Point and beyond looking to drive a brand new Toyota can shop at Rice Toyota with confidence that our team will lay out all possible finance and lease scenarios so you can make an educated and informed purchasing decision.

Our North Carolina Toyota Dealership has a great selection of new Toyota Camry, Corolla, RAV4, Highlander, Tacoma, 4Runner and Tundra inventory, making it easier for North Carolina Toyota shoppers to find the best new Toyota model for them.