Car Leasing Myths You’ve Probably Heard

December 25th, 2014 by

carLeasing a vehicle is a great option for many drivers but there are still a lot of people that shy away from the idea. One reason for this may have a lot to do with some of the myths surrounding leasing a vehicle. Years ago, leasing vehicles was something that businesses and large corporations did, not the average driver. However, things are much different today. A large number of companies still lease vehicles but it’s also something that can greatly benefit all types of drivers.

However, there are still some skeptics out there. Some may even believe that leasing is a way for dealers to scam drivers out of money but that is not the norm. Learning the difference between the myths and the truth about leasing will help you determine if it’s a good choice for you.

Common Car Leasing Myths

Many people overlook the option of leasing a car because they have received poor information from others that may have had a bad experience. The best way to avoid making leasing mistakes is to separate the truth from the myths and only do business with a legitimate Toyota dealership in Miami FL. Here at South Dade Toyota, we offer some great leasing deals on both new and used vehicles.

Below are some of the most common car leasing myths that you may have heard:

  • Leasing a vehicle is very expensive. In many cases, leasing is less expensive than buying because you don’t have to come up with a big down payment. Your monthly payments are less and your vehicle will be under warranty so you save money on service charges.
  • You have to turn in the vehicle at the end of the lease. In most cases, when you lease a Toyota, you do have the option of purchasing the vehicle at the end of the lease instead of turning it in.
  • The dealership will charge you high fees when you return the vehicle. If you take proper care of your vehicle and honor the terms of the contract, you won’t have to pay extra fees at the end of your lease.
  • You have to limit the number of miles you drive. It is true that you cannot exceed the number of miles stated in your agreement but you can negotiate mileage before signing the lease to make sure you can comply with the terms.
  • You’re stuck with the vehicle until the end of the lease agreement. If you discover that you are not happy with the Toyota you leased or if for some reason your needs change, you can buy the vehicle instead of leasing it or trade it in on a different one.

Once you separate the truth from the myths, you may find that leasing a Toyota is a great option for you.

Leasing Can Be a Great Experience

Leasing is a fair and legitimate way to finance a vehicle and it offers many benefits. While there may be a few bad dealers out there, using a legitimate dealership can help you avoid making a bad leasing deal so you too can enjoy all the benefits it has to offer.

To find out if it’s a good option for you, talk to your dealer before making any decisions and ask lots of questions. If you have any concerns or don’t completely understand something, now is the time to find out. Learning all you can about leasing and how the whole process works, will help you distinguish the truth from the myths.

Posted in Toyota Leasing