Car Loans and Leases in Philadelphia

Finance Your Toyota With Our Team In Philadelphia, PA

After you have found a Toyota model that suits your needs on the road, and after you have taken it out on a test drive (or two), your next step is to explore the different financing options available to you. This process can be daunting, especially for newer drivers who have never explored automotive loans or leasing before. That is why we have a team of experts at your disposal, here to help you every step of the way.

Whether you want to purchase a car you like, or you are more interested in pursuing leasing opportunities, we can answer your questions, help point you in the right direction, and even assist you with crunching the numbers. Our goal is not to make this process difficult for you; rather, it is to make it more efficient and enjoyable!

The Differences Between Purchasing & Leasing

So what are the main differences between purchasing & leasing? Which is the best option to choose?

Purchasing

Purchasing a car has a lot of benefits; not only do you get to have ownership of the vehicle (both during the time you are paying back the automotive loan, and after you have completely paid it off) you can choose where you go, how often you drive, and how often you maintain your car.

However, purchasing a vehicle involves taking out a car loan. Since the majority of people who shop for a car do not have the entire starting price available to shell out an automotive loan is needed to cover the initial cost of the loan. This loan then breaks down into monthly payments, which you pay until you cover the entire amount of the loan you have taken  out.

Leasing

Leasing is a bit different. First of all, there is no need to take out an automotive loan. Since leasing is akin to renting an apartment, there is a predetermined monthly amount that you will pay during the life of the lease. Furthermore, leasing can often be more affordable on a monthly basis, due to the way loans break down on a monthly scale.

However, leasing comes with some restrictions. They are certain mileage parameters you need to abide by, and you need to ensure the car you lease maintains its quality upon return. Both of these things can be difficult for some drivers (those who drive a lot, and those who travel extensive distances).

Which Option Is Best For Me?

There is no easy answer to this question; it is entirely dependent on your personal preferences and your driving habits. However, if you are someone who knows they want to own their vehicle (or have more freedom on the road) then you may be interested in purchasing a car. If, however, you need a short-term car that benefits your wallet, then you may be interested in learning more about leasing.

Ready To Learn More?

If you would like to learn more about our new Toyota specials, or if you have any questions about the different financing options available to you, you are always welcome to visit us at Sloane Toyota of Philadelphia. Our team of experts, located conveniently in Philadelphia, PA, would be happy to help you with all of your vehicle-related needs.

Visit us today and we can help you schedule a test drive. Alternatively, you can also fill out our online finance application if you are ready to take the next step in the purchasing process.

We are proud to serve drivers throughout Northeast Philly, Trevose, Center City, and Langhorne.

Also, feel free to learn more about our following financial packages:

Why Buy Gap Insurance?

Why Buy Excess Wear & Use?

Why Buy Tire & Wheel Program?

Why Purchase a Vehicle Service Agreement?

Your privacy is important to us.

Sloane Toyota of Philadelphia takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.