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

833-909-0265
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

Jovana Trisic
Jovana Trisic
GOOGLE
1-16-2020
Full Star Full Star Full Star Full Star Full Star

Great service and professionalism by Jeff. Felt like my car was in good hands with him!

"Very professional, very helpful, whether it’s the service..."

We.deliver
DEALERRATER
1-15-2020
Full Star Full Star Full Star Full Star Full Star

Very professional, very helpful, whether it’s the service department, which is great, or the cashier, they are always helpful and make everything as easy as posssible.

"Jeff did very good job n it's close with my house n I go..."

MUHAMMAD
DEALERRATER
1-15-2020
Full Star Full Star Full Star Full Star Full Star

Jeff did very good job n it's close with my house n I go every time this shop thank you Jeff you did very good job

"Great service, as always"

bernptrsks
DEALERRATER
1-15-2020
Full Star Full Star Full Star Full Star Full Star

Jeff is always helpful in accommodating my special needs (physical handicap) when I bring my car in for normal maintenance. I trust his advice on any additional work that may be recommended by the service technician.

Kristin Schultz
Kristin Schultz
GOOGLE
1-15-2020
Full Star Full Star Full Star Full Star Empty Star
Darwin Larkin
Darwin Larkin
GOOGLE
1-14-2020
Full Star Full Star Full Star Full Star Empty Star

I gave four stars because I brought my car in for oil change which was done along with the tire rotation and the vehicle inspection which was very good. After returning home there’s a notification about the auto guard reapplication which I thought should have been in the system so I would not have to make another appointment. Also the the car wash was crappie, I’m old school, if you are going to do it,do it right or not at all!

Ray Heniff
Ray Heniff
GOOGLE
1-14-2020
Full Star Full Star Full Star Full Star Full Star
Tom Sefranek
Tom Sefranek
GOOGLE
1-14-2020
Full Star Full Star Full Star Full Star Full Star
Cathy Hajek
Cathy Hajek
GOOGLE
1-14-2020
Full Star Full Star Full Star Full Star Full Star

After some difficulty with one service, the service manager (Matt) really stepped up and took great care to fix everything and make sure I was totally happy! Way to go guys!

"Very pleased with Lombard Toyota service department. Paul..."

pamheggaton
DEALERRATER
1-13-2020
Full Star Full Star Full Star Full Star Full Star

Very pleased with Lombard Toyota service department. Paul took the time to explain what was done and what he recommended to be done. I highly recommend using Lombard Toyota for all your auto services.

Marilyn Duszynski
Marilyn Duszynski
GOOGLE
1-13-2020
Full Star Full Star Full Star Full Star Full Star

Very professional service. Friendly and polite. Explained everything very well. Will definitely return.

Majierdit Baai
Majierdit Baai
GOOGLE
1-13-2020
Full Star Full Star Full Star Full Star Full Star

Jerry was amazing helper,he came to show me a door and make sure I got my car.Thank you Jerry.

Ann Marie Shannon
Ann Marie Shannon
GOOGLE
1-11-2020
Full Star Full Star Full Star Full Star Full Star

"Lombard Toyota is like Family"

Loyal to Lombard Toyota
DEALERRATER
1-11-2020
Full Star Full Star Full Star Full Star Full Star

My Wife and I have been loyal Lombard Toyota customers for over ten years. I consider them Family. Josh/Service takes care of us all the time. He always fully explains the entire situation and options available. The BEST!! Jerry/Service is also very good. Sean/Ron (Mechanics) are Awesome!! I always trust their recommendations and suggestions when it comes to our two cars.. TJ (Porter) is very cordial, friendly and attentive. We feel very safe and secure in sending Family or Friends to Lombard Toyota for GREAT Service!! Lombard Toyota you should be Very Proud of having such Great Employees!! Thanks Josh, Sean, Ron and TJ (Porter)

RJ Simek
RJ Simek
GOOGLE
1-11-2020
Full Star Full Star Full Star Full Star Full Star
joe r
joe r
GOOGLE
1-11-2020
Full Star Full Star Full Star Full Star Full Star

Best service department ever! Jerry is amazing and so helpful. I drive a Lexus which is really a Toyota and they take care of me better than the lexus dealership. I've been coming her for almost 10 years. Awesome place!!!

Martin Angulo
Martin Angulo
GOOGLE
1-11-2020
Full Star Full Star Full Star Full Star Full Star
Isabela Alva
Isabela Alva
GOOGLE
1-11-2020
Full Star Full Star Full Star Full Star Full Star
Sultan Matariyeh
Sultan Matariyeh
GOOGLE
1-11-2020
Full Star Full Star Full Star Full Star Full Star
Rosa Luna
Rosa Luna
GOOGLE
1-9-2020
Full Star Full Star Full Star Full Star Full Star

Great service

Alexis Siddiqui
Alexis Siddiqui
GOOGLE
1-9-2020
Full Star Full Star Full Star Full Star Full Star

Came in for an oil change. Was out in less than an hour and my advisor josh was great.

Kevin Jones
Kevin Jones
GOOGLE
1-9-2020
Full Star Full Star Full Star Full Star Full Star
Paul Smurawski
Paul Smurawski
GOOGLE
1-9-2020
Full Star Full Star Full Star Full Star Full Star
Scott Stefanski
Scott Stefanski
GOOGLE
1-8-2020
Full Star Full Star Full Star Full Star Full Star

Easy, efficient, and helpful

Mauricio Reyes
Mauricio Reyes
GOOGLE
1-7-2020
Full Star Full Star Full Star Empty Star Empty Star

Nice customer service, was planning on buying a used pre-owned car, but like every dealer around they are killing my entusiactic, priced are tag along too high I rather go out state or buy from a private owner bottom line.

"Very good service,and thanks Josh for given me details of..."

Armando
DEALERRATER
1-7-2020
Full Star Full Star Full Star Full Star Empty Star

Very good service,and thanks Josh for given me details of what I need to do in my car in the future. Looking forward to see you soon.

Thomas Lohmeier
Thomas Lohmeier
GOOGLE
1-7-2020
Full Star Full Star Full Star Full Star Empty Star

Everything was very good. The time was less than initially forecasted so that was nice and the gentleman who assisted me was professional, courteous and skilled.

"Routine 20,000 mile service plus Autoguard application"

jandspot
DEALERRATER
1-7-2020
Full Star Full Star Full Star Full Star Full Star

Service time estimated at 2 hours in length. I was in and out in 65 minutes. I appreciated saving the time since I was waiting for the car.

"Jeff Serwas, Service Manager, and Patty Wojdyla in..."

Drmaggiore
DEALERRATER
1-5-2020
Full Star Full Star Full Star Full Star Full Star

Jeff Serwas, Service Manager, and Patty Wojdyla in Customer Service make every experience in service hassle free. They always address our concerns with confidence and leave us feeling reassured. We as a family have purchased 15 cars from Lombard Toyota, and service is the primary reason.

"Exceptional service department, led by the most..."

Drmaggiore
DEALERRATER
1-5-2020
Full Star Full Star Full Star Full Star Full Star

Exceptional service department, led by the most empathetic and knowledgeable manager in the business. Driving force behind the reason for our brand loyalty. Gifted listeners, who are exemplary among their peers in the business.

"Efficient, on time and easy check in and out. Service..."

iowa2015
DEALERRATER
1-5-2020
Full Star Full Star Full Star Full Star Full Star

Efficient, on time and easy check in and out. Service department sent reminders, I was early however they were very accommodating. Pleasant wait area. Friendly service

MacKenzie Jordan
MacKenzie Jordan
GOOGLE
1-5-2020
Full Star Full Star Full Star Full Star Full Star
tinmoel
tinmoel
GOOGLE
1-4-2020
Full Star Full Star Full Star Full Star Empty Star
Len
CARGURUS
1-3-2020
Full Star Full Star Full Star Full Star Empty Star

Honest and helpful.

Laura Boehm
Laura Boehm
GOOGLE
1-3-2020
Full Star Full Star Full Star Full Star Full Star

Very efficient service staff. Comfortable waiting room . My car always comes out cleaner than when I brought it in😊

Steven Cation
Steven Cation
GOOGLE
1-3-2020
Full Star Full Star Full Star Full Star Full Star

Jeff, Sean and team always do a fantastic job. Honest and efficient mechanic, trustworthy and friendly staff. I cannot ask for a better service team. I will never let anybody else work on my car! My family has had Toyota’s for decades, and will continue to come to Lombard Toyota. Ask for Jeff at the sales desk, and Sean (V) in the back; you will not be disappointed!

Kathy Pastern
Kathy Pastern
GOOGLE
1-3-2020
Full Star Full Star Full Star Full Star Full Star
jerrilyn cambron
jerrilyn cambron
GOOGLE
1-3-2020
Full Star Full Star Full Star Full Star Full Star
Lynn Harshman
Lynn Harshman
GOOGLE
1-3-2020
Full Star Full Star Full Star Full Star Full Star

"This Toyota Dealer has truly gone out of its way to take..."

Patrick
DEALERRATER
1-2-2020
Full Star Full Star Full Star Full Star Full Star

This Toyota Dealer has truly gone out of its way to take care of my family and I! Purchased from here spring 2019 and was truly impressed by the staff and the professional way they treated me. Today, we had our second visit to service. My teen son took the car in for service and he had an awesome experience. Treating my son professionally and respectfully, just as I was with the first service experience. So glad this dealership really wows me with all that they do!

Diana McKean
Diana McKean
GOOGLE
1-2-2020
Full Star Full Star Full Star Full Star Full Star
Nikhil Patel
Nikhil Patel
GOOGLE
1-1-2020
Full Star Full Star Full Star Full Star Empty Star
Abdullah Khan
Abdullah Khan
GOOGLE
1-1-2020
Full Star Full Star Full Star Full Star Full Star

Lombard Toyota is fast and friendly service. I always come here for oil changes on my 2018 Toyota Rav4 and they always are fast and friendly. They always greet with a smile and provide excellent Customer service. I never had any issues with their service. Today I was late for my appointment but Jeff was nice and took care of me even tho it was close to closing time. Thank you Jeff and Lombard Toyota for fast and friendly service. I will continue to come here. Keep up the nice and friendly service. I highly recommend Lombard Toyota to everyone for fast and friendly service.

Joel
CARGURUS
12-31-2019
Full Star Full Star Full Star Full Star Full Star

Very responsive and helpful.

Melanie Liese
Melanie Liese
GOOGLE
12-31-2019
Full Star Full Star Full Star Full Star Full Star
Ashlee Hickey
Ashlee Hickey
GOOGLE
12-31-2019
Full Star Full Star Full Star Full Star Full Star
Read More

Dealership Information