Lower Monthly Payments
Because you only pay for the portion of the car or truck that you actually use, your monthly lease payments are 30%-60% lower than for a purchase loan for the the same car and same term.
Well-Timed Warranty Coverage
Most people like to lease for a term that coincides with the length of the manufacturer's warranty coverage so that if something goes wrong with the car, the repairs are always covered.
Lower Up-front Cash
Most car leases require little or no down payment, which makes getting into a new Toyota more affordable and frees up your cash for other things. However, you can choose to make a down payment, or trade in your old vehicle, to lower your monthly payment amount.
Get a Tax Break
You don't pay sales tax on the entire value of the lease vehicle as you would if you purchased. You are only taxed on the portion of the value that you use during your lease. The tax is spread out and paid along with your monthly lease payment instead of being paid all at once. If you end your lease early, you also end your tax early.
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