Buy vs Lease in Lombard, IL

Buy vs Lease in Lombard, IL

Our Experts Are Here to Help!

If you’re like most drivers, then you’re probably under the impression that financing a purchase is the only way to get your hands on a brand-new set of wheels. However, while this is the most popular path of vehicle acquisition, it’s not your only option. Individuals seeking a short-term, affordable contract might want to consider giving leasing a try, as these plans are flexible and easy to customize. Learn more by getting in touch with the Finance Department at Lombard Toyota!

Leasing 101

To begin, let’s discuss leasing. With this avenue, you’ll only be covering the vehicle’s depreciation value as opposed to its entire sticker price like you would with financing. Although you have to return the car, truck, or SUV to us at the end of the contract, you’ll get to enjoy everything it has to offer over the next two to four years without spending nearly as much. Plus, when the term is about to expire, we’ll help you decide which steps you could take next. For example, you could trade-up and lease the latest iteration of your current ride, choose a different model to lease, or just return the keys to us!

Financing

Unlike leasing, financing ends up with you owning the vehicle you’ve been paying for. We’ll take its full value, break it up into more manageable monthly installments, and attach an interest rate to create your payment plan. Although your rate will be greater than what you would pay with leasing, you won’t be restricted to a certain yearly mileage allotment, meaning you can drive it as much as you please. Plus, after the four- to six-year period is up, it will be yours to keep for as long as you like! However, in order to acquire a new ride, you’ll have to either sell it or trade it in.

Should I Lease or Finance?

Now that you know a bit more about the respective paths of getting your hands on a new ride, the choice is yours! To assist with your decision-making process, we’ll give you a few things to keep in mind. First, leasing is typically preferred by those with either limited funds or who are uninterested in committing to the same vehicle for a long time. On the other hand, people who finance most likely want to keep their vehicle for longer than just a few years and don’t want to be limited in how much they can drive.

After comparing buy vs lease in Lombard, IL, we hope we’ve shed some light on the benefits of both options. Our knowledgeable staff would be more than happy to explain more when you visit Lombard Toyota. We’re open Monday through Saturday!  


Contact Information


Sales Hours

855-890-2899
Monday 9:00 am - 9:00 pm
Tuesday 9:00 am - 9:00 pm
Wednesday 9:00 am - 9:00 pm
Thursday 9:00 am - 9:00 pm
Friday 9:00 am - 9:00 pm
Saturday 9:00 am - 6:00 pm
Sunday Closed

Testimonials

Denise Kerns
Denise Kerns
GOOGLE
10-18-2019
Full Star Full Star Full Star Full Star Full Star

This is a review of the service department only. Service was easy to schedule and done in the time quoted. Jeff was very personable.

Benjamin Nau
Benjamin Nau
GOOGLE
10-18-2019
Full Star Full Star Full Star Full Star Full Star

Had an issue where a different service department did not properly complete a job. Jeff, my service advisor, went above and beyond to provide proof and get other dealer to pay for their mistake, saving me hundreds of dollars.

"Service"

Juana
DEALERRATER
10-17-2019
Full Star Full Star Full Star Full Star Full Star

Jeff in service was Jeff was super helpful, friendly and gave me a lot of helpful information I love this dealership and every time I come here I’m impressed

"maintenance."

tejuco
DEALERRATER
10-17-2019
Full Star Full Star Full Star Full Star Full Star

mario accomadated us right away and the service to our car was done in a timely manner.they even did car wash on our car. they are very helpful to our questions

DJ DIVISION
DJ DIVISION
GOOGLE
10-17-2019
Full Star Full Star Full Star Full Star Full Star

Very friendly staff, quick service, i was really pleased with my visit, ill definitely be coming back to this location!!!

Susan Draus
Susan Draus
GOOGLE
10-17-2019
Full Star Full Star Full Star Full Star Full Star
Douglas Dwosh
Douglas Dwosh
GOOGLE
10-17-2019
Full Star Full Star Full Star Full Star Full Star

Lombard Toyota has been my go-to facility for both sales and service. The service department has always treated me with respect, been timely in conducting necessary work, and has been thorough in in its work.

"Uneven service "

Marco
DEALERRATER
10-17-2019
Full Star Full Star Full Star Empty Star Empty Star

I’ve had both very positive and very negative experiences with this dealership. Today, I dealt with Josh in the service dept, and he was very friendly and helpful. But mostly my experiences with both the sales and service departments have been bad. The salespeople were extremely aggressive and the service department was downright rude and dismissive. My next car will not be a Toyota just because dealing with them has been so unpleasant.

Erica Newton
Erica Newton
GOOGLE
10-16-2019
Full Star Full Star Full Star Full Star Empty Star
Velvet Newman
Velvet Newman
GOOGLE
10-16-2019
Full Star Full Star Full Star Full Star Full Star
Cristina Vazquez
Cristina Vazquez
GOOGLE
10-16-2019
Full Star Full Star Full Star Full Star Full Star

"Good Job"

Babs
DEALERRATER
10-16-2019
Full Star Full Star Full Star Full Star Full Star

Toyota Lombard Service is personal, friendly and efficient . My wait time was pleasant as it was not too long and I was in a comfortable waiting area. i was kept apprised of what needed to be done and could opt out if I wanted to. No pressure or hidden costs. Thank you a Toyota Lombard!

Von De Guzman
Von De Guzman
GOOGLE
10-16-2019
Full Star Full Star Full Star Full Star Full Star
TIMOTHY
CARGURUS
10-13-2019
Full Star Full Star Full Star Full Star Empty Star

Dealer was very professional and helpful. They were not pushy and even though we ended up buying a car from another dealership I would go back there again if I were car shopping..

"40000 mile service "

Charlie
DEALERRATER
10-12-2019
Full Star Full Star Full Star Full Star Full Star

Jeff was my service rep. He was outstanding. He took the time to explain everything I needed but was not pushy and accommodated what was needed. A refreshing change.

Jessica Lopez
Jessica Lopez
GOOGLE
10-11-2019
Full Star Full Star Full Star Full Star Empty Star
Erik Haddad
Erik Haddad
GOOGLE
10-10-2019
Full Star Full Star Full Star Full Star Full Star
Diana Diaz De Leon
Diana Diaz De Leon
GOOGLE
10-10-2019
Full Star Full Star Full Star Full Star Full Star
K Curran
K Curran
GOOGLE
10-10-2019
Full Star Full Star Full Star Full Star Empty Star

Always very friendly and helpful! Made sure to schedule my next appointment. Jeff was great!

Sandra Burns
Sandra Burns
GOOGLE
10-9-2019
Full Star Full Star Full Star Full Star Full Star

Love to have. my Rav4 serviced by Lombard Toyota. Jeff is the best and they always take good care of me.

Rick Soldat
Rick Soldat
GOOGLE
10-9-2019
Full Star Full Star Full Star Full Star Full Star

"First doctor visit for Wyatt (my white 2019 4Runner..."

Nicole
DEALERRATER
10-9-2019
Full Star Full Star Full Star Full Star Full Star

First doctor visit for Wyatt (my white 2019 4Runner TRDPro). They were fast, efficient, and did everything to make the experience great! Very pleased with the purchase and service thus far. Nicole Stock

Tom Wendorf
Tom Wendorf
GOOGLE
10-8-2019
Full Star Full Star Full Star Full Star Full Star

Always efficient. Friendly and thorough.

Kasey Caine
Kasey Caine
GOOGLE
10-8-2019
Full Star Full Star Full Star Full Star Full Star

Great place

Miguel Ocampo
Miguel Ocampo
GOOGLE
10-7-2019
Full Star Full Star Full Star Empty Star Empty Star
Stanley Mishima
Stanley Mishima
GOOGLE
10-7-2019
Full Star Full Star Full Star Full Star Full Star

Great service and info from Jeff while doing 90000 maintenance.

Dan Jender
Dan Jender
GOOGLE
10-7-2019
Full Star Full Star Full Star Full Star Full Star

Went in for my 10000 mile service. Dropped the car off, went across the street for lunch and it was ready 5 minutes after I returned. Awesome!!

Syed Ali
Syed Ali
GOOGLE
10-5-2019
Full Star Full Star Full Star Full Star Full Star
Shariq Shafi
Shariq Shafi
GOOGLE
10-3-2019
Full Star Full Star Full Star Full Star Full Star

Jeff Serwas was great. Explained everything my can needed and was able to get me in and out after my service very quickly.

"Good customer service from Paul. Very knowledgeable. My..."

Gaily
DEALERRATER
10-2-2019
Full Star Full Star Full Star Full Star Full Star

Good customer service from Paul. Very knowledgeable. My family and I will continue to do business with this company. The service department runs smoothly and nice waiting area.

Thomas Woldman
Thomas Woldman
GOOGLE
10-2-2019
Full Star Full Star Full Star Full Star Full Star
Daniel Mazur
Daniel Mazur
GOOGLE
10-1-2019
Full Star Full Star Full Star Full Star Full Star

Everyone was polite and waiting area comfortable. Enjoyed a cup of coffee with some donut holes and wifi was working. Also looked at new cars in showroom. Routine Toyota Care service was completed on time.

Grace Sampson
Grace Sampson
GOOGLE
10-1-2019
Full Star Full Star Full Star Full Star Full Star
Allison Hanson
Allison Hanson
GOOGLE
10-1-2019
Full Star Full Star Full Star Full Star Full Star

"Great service department"

Ronnie
DEALERRATER
9-28-2019
Full Star Full Star Full Star Full Star Full Star

Very friendly service people. High quality, quick and efficient! They always manage to get me in and out quickly! I highly recommend visiting and buying from this dealership.

darina velitchkova
darina velitchkova
GOOGLE
9-28-2019
Full Star Full Star Full Star Full Star Full Star
Ahmed Meah
Ahmed Meah
GOOGLE
9-27-2019
Full Star Full Star Full Star Full Star Empty Star
Ali McBride
Ali McBride
GOOGLE
9-27-2019
Full Star Full Star Full Star Full Star Full Star

I can’t say enough positive things about my experience with Lombard Toyota. After having issues at another dealership to the area I brought it in and had the service of Jerry. Jerry not only listened to my problem but provided me with exceptional customer service. The cashier that helped me obtain my rental was so kind and helpful as well. I felt like we were well taken care of and treated with respect. We will be repeat customers here without a doubt.

Barbara Caruso
Barbara Caruso
GOOGLE
9-26-2019
Full Star Full Star Full Star Full Star Full Star

Fast, courteous, and professional.... Can't ask for anything more!

tyler mullins
tyler mullins
GOOGLE
9-26-2019
Full Star Full Star Full Star Full Star Full Star

"Excellent job"

MUHAMMAD
DEALERRATER
9-26-2019
Full Star Full Star Full Star Full Star Full Star

Paul n the mechanic did great job n they explained very well n thank you so much for your conversation n they did great job

"Service simplified "

Harpo
DEALERRATER
9-25-2019
Full Star Full Star Full Star Full Star Full Star

In and out 35 minutes all work done to my satisfaction. Just a 20000 mile checkup and scheduled service, oil change Tire rotation and washing

Siva Muvator
Siva Muvator
GOOGLE
9-25-2019
Full Star Full Star Full Star Full Star Full Star

Thank you all for exceptional service, and friendly advice .

Laurie Homan
Laurie Homan
GOOGLE
9-25-2019
Full Star Full Star Full Star Full Star Full Star
Donna Ew
Donna Ew
GOOGLE
9-25-2019
Full Star Full Star Full Star Full Star Full Star

Excellent dealership I brought 3 Toyota Camry's and my salesman Mr. Luis Cruz A1 all excellent service. I brought my mother to the dealership and she brought a 2017 Kia Sol, she's on cloud 20. She also was a satisfied customer as well.

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Dealership Information