Leasing Benefit No. 2: Cash Flow.Leases are attractive to many car buyers because they can get more car for a lower monthly payment. How is that possible? Lessees only pay for the depreciation on the car, not the entire vehicle. In effect, they're renting the car for the length of the lease.
Leasing can reduce your initial cash outlay. This allows for a more intelligent use of cash rather than putting it toward the questionable investment of car ownership since cars are depreciating asset.
Leasing allows you to pay for the sales tax over the period of the lease, rather than all at once when you register the car, as is required in some states when you buy a car.
There are other financial advantages in leasing. If you use your car for your job, leasing payments can be written off as a business expense on your tax returns. Additionally, lease obligations don't show up as debt on a credit report, which may be important to companies that buy multiple cars for business use.
Leasing Benefit No. 3: Little to Zero Money Down.
Car leasing provides the option of making no down payment. We do, however, offer another lease payments for those who would like to make a down payment to lower the already low lease payment.
Leasing Benefit No. 4: Competitive Factory Lease Deals.
Automakers offer incentives on leasing as well as big cash-back offers to those who buy. Such leasing incentives are called lease subvention.
Subvention is when an automaker subsidizes a consumer in an effort to move slow-selling cars. Automakers offer subvention deals because they're in the business of putting cars on the street. That philosophy of "move units now, pay later" is directly to the consumer's benefit. When you lease your next Toyota from Larry H. Miller Toyota Spokane check with our dedicated lease team to find the most competitive factory lease available.
Leasing Benefit No. 5: Never have to sell your car.
When your lease term is up, you do not have to worry about selling or trading in your used vehicle to get a new car. You can simply go out and lease another vehicle. Without the hassle of 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 Benefit No. 6: Little to Zero Vehicle Maintenance.
Another benefit of driving a late-model car is fewer repair bills. Every Toyota vehicle is supported by a 36-month/36,000-mile limited warranty coverage. But it doesn't stop there - Every new Toyota also includes a 60 month/60,000-mile powertrain warranty (engine, transmission/transaxle, front-wheel drive system, rear-wheel drive, seatbelts and airbags).
With a lease, you may pay less cash upfront and enjoy lower monthly payments than you would if you were financing your vehicle. You also have the flexibility of turning the vehicle in at the end of your lease, without having to worry about selling your vehicle at the end of the lease.
Ask one of our leasing specialists below about leasing through Toyota Financial Services. Whether you live in Spokane or coming from Pullman, Coeur d' Alene, Colville or Spokane Valley we can offer you the most competitive lease rates with 24-60 month lease terms on new Toyotas and qualified Toyota Certified Vehicles.