Mark Miller Toyota
 Sales 385-396-5674
Service 385-432-4579
730 South West Temple Salt Lake City, UT 84101
Today 9:00 AM - 8:00 PM
Open Today !
Sales: 9:00 AM - 8:00 PM
Service: 7:00 AM - 7:00 PM
Parts: 7:00 AM - 7:00 PM
All Hours

Is It Better to Just Lease or Buy a Car?

Both leasing and financing a car have their own unique benefits and the team at Mark Miller Toyota is here to help you weigh the pros and cons of each to decide which option is best for you. From flexible lease terms on popular new Toyota RAV4 SUVs to appealing auto financing rates on Tacoma pickups, there are enticing options no matter if you decide to buy or lease a car in Utah.

Compare buying vs. leasing the SUV or sedan you like most at our Toyota dealer near Sandy. The Toyota sales experts will not only explain the current Toyota lease contracts, but also help you compare auto loan rates and financing plans. We want you to be happy with your new car lease or auto financing solution, so let us help you navigate the process today!

happy family in their new car
close up of car keys being handed over

Buying a car

  • Ownership

    When you buy a car, you own it outright and can keep it as long as you want. This can provide a sense of stability and control over your vehicle.
  • Equity

    As you pay off the loan on a purchased car, you build equity in the vehicle. This can be beneficial if you plan to keep the car long-term or sell it in the future.
  • Customization

    When you buy a car, you have the freedom to customize and modify it to your liking without restrictions.

Leasing a car

  • Lower monthly payments

    Leasing typically involves lower monthly payments compared to buying, as you are only paying for the depreciation of the vehicle during the lease term.
  • Maintenance and repair costs

    Leased cars are often covered by warranties that can help reduce the cost of maintenance and repairs.
  • Flexibility

    Leasing allows you to drive a new car with the latest features every few years, without the commitment of long-term ownership.
  • Familiarity

    If you have been driving the leased Highlander or Corolla for the duration of the lease term and are satisfied with its performance, buying it can allow you to continue driving it.
  • Investment

    Buying a leased car can be a good investment if the buyout price at the end of the lease is lower than the market value of a similar vehicle. This can provide you with equity in the car and potentially save you money compared to buying a new Toyota or used car.
  • Maintenance and service records

    Since you have been driving the leased car, you have a good understanding of its maintenance history. This can give you peace of mind knowing the car's background.
  • Avoidance of lease-end charges

    When you buy a leased car, you avoid potential lease-end charges for excess wear and tear, mileage overages and other fees that may apply.