There are few things more exciting than the day you finally get your own new vehicle. But of course, there are a couple of different avenues on the path to that new ride. For example, when you are shopping around at Lakeside Toyota, you can choose between leasing and buying a new vehicle. So when it comes to a leasing vs buying a new car in New Orleans LA, there is no better place to turn for the latest and most detailed information than right here at Lakeside Toyota. Let's see if we can't figure out which route is best for you.
|Ownership||You are renting the vehicle until the end of the lease. It can then be bought for the remaining cost.||You own the vehicle outright.|
|Monthly Payments||Payments are lower as you only pay for the depreciation of the vehicle.||Payments are higher because you are paying for the entire cost of the vehicle.|
|Vehicle Return||Returns can only be made at the end of the lease.||You are solely responsible for selling or trading in the vehicle.|
|Mileage||Limited to a certain number of miles within the lease term. Additional fees for going over the limit.||You can drive as many miles as you'd like.|
|End of Term||You must either return the vehicle or pay the remaining cost to own it.||You no longer have monthly payments and you are the owner of the vehicle.|
|Modifications||Vehicle must be returned in like-new condition. Any modifications must be removed and may result in additional fees.||You are free to modify the vehicle as you see fit.|