Leasing

When you lease a vehicle Toyota Credit determines the value of the vehicle at lease end. Your payments are based on the difference between the lease end value and the vehicle cost plus lease finance charges. Taxes are paid on the monthly payment rather than on the full cost of the vehicle. Toyota Credit owns the vehicle but you may purchase the vehicle at any time for the remaining principal balance.

For the individual you should consider leasing your vehicle if you:

• Like or want to drive a new vehicle more often.
• Prefer lower monthly payments.
• Want to pay taxes as you use the vehicle.
• Do not want the trouble of reselling.

For the Business Person if you:

• Want to keep borrowing power up.
• Wish to keep cash flow positive.

Please consult with your financial advisor to confirm the advantages of leasing a vehicle for business.

Buying

With financing you determine how much you will need to borrow to pay the entire purchase price of the vehicle. The amount you borrow is typically repaid in equal monthly payments over a specific period of time. The vehicle is registered in your name and the lender takes a lien on the vehicle for the amount of the loan. When you have repaid the loan and finance charges you own the vehicle free and clear.

You should consider buying your vehicle if you:

• Own your vehicle for the life of the car.
• Like to own your vehicle.
• Drive more than the average car owner.
• Plan to have customized work done.

For more information about Toyota's Leased Car program please e-mail 1000 Islands Toyota at:  leasing@1000islandstoyota.com

Toyota vehicles price comparison

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