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

Mark Seaman
Mark Seaman
GOOGLE
2-22-2020
Full Star Full Star Full Star Full Star Empty Star
Erich Hirsch
Erich Hirsch
GOOGLE
2-21-2020
Full Star Full Star Full Star Full Star Full Star
Bob Ecker
Bob Ecker
GOOGLE
2-21-2020
Full Star Full Star Full Star Empty Star Empty Star
jo mcwilliams
jo mcwilliams
GOOGLE
2-21-2020
Full Star Full Star Full Star Full Star Full Star
Zahida Khan
Zahida Khan
GOOGLE
2-21-2020
Full Star Full Star Full Star Full Star Full Star
Zubair Mohammed
Zubair Mohammed
GOOGLE
2-20-2020
Full Star Full Star Full Star Empty Star Empty Star
Kathy Brinker
Kathy Brinker
GOOGLE
2-20-2020
Full Star Full Star Full Star Full Star Full Star

Always at great experience at Lombard Toyota. Service writers up front about costs of repairs and done in a timely and professional manner.

Tom Liss
Tom Liss
GOOGLE
2-20-2020
Full Star Full Star Full Star Full Star Full Star
Milan Bogdanovic
Milan Bogdanovic
GOOGLE
2-18-2020
Full Star Full Star Full Star Full Star Full Star

"I had an air bag recall on my 2013 Toyota Corolla. When..."

CSS077
DEALERRATER
2-17-2020
Full Star Full Star Full Star Full Star Full Star

I had an air bag recall on my 2013 Toyota Corolla. When I went in for service, the service department took care of it right away. I was very pleased with the service I received.

Briana Garcia
Briana Garcia
GOOGLE
2-15-2020
Full Star Full Star Full Star Full Star Full Star

"Six months after purchasing the 2015 Highlander Limited,..."

Walter P Schmidt
DEALERRATER
2-15-2020
Full Star Full Star Full Star Full Star Full Star

Six months after purchasing the 2015 Highlander Limited, I took it to Schaumburg Toyota for a winterize check and was told the vehicle needed a complete break job both front and rear. Having previously made comments to the salesperson regarding the noise and vibration during moderate to high speed breaking and having been told it was the antilock break system and nothing to worry about, I did not pursue it further. After being told 6 months and only 3,500 miles later that I needed new breaks I took it back to Lombard Toyota and was pleasantly recieved and taken care of. They looked into the break issue, replaced the vehicles breaks front and rear and split the bill for the job. I am very pleased with every aspect of the situation. I was treated extremely well by everyone from the valets to the managers. I could not help but give them 5 stars!

"Service was great. Called today got in today. Price..."

Cathyairhart
DEALERRATER
2-13-2020
Full Star Full Star Full Star Full Star Full Star

Service was great. Called today got in today. Price wasn’t bad for giving me piece of mind for road trip. Name is incorrect spelled on paperwork even though I let girl know it is with a C. Street is Kirkland not Kirkland.

Ammar Makhlouf
Ammar Makhlouf
GOOGLE
2-9-2020
Full Star Full Star Full Star Full Star Full Star
Ed O'Neill
Ed O'Neill
GOOGLE
2-8-2020
Full Star Full Star Full Star Full Star Empty Star
Christina Rogas
Christina Rogas
GOOGLE
2-8-2020
Full Star Full Star Full Star Full Star Full Star

Everyone at Lombard Toyota is always so kind and helpful! Jeff was the guy who took care of my car the last time I was in and he was super great. Whenever I need any kind of maintenance, I never have to wait very long for the work to be completed. I live close enough to do the shuttle service they offer but there's really no point in using it since they're so efficient! I definitely recommend.

"I have been going to Lombard Toyota the past 7 years. My..."

Neilbhagat
DEALERRATER
2-8-2020
Full Star Full Star Full Star Full Star Full Star

I have been going to Lombard Toyota the past 7 years. My 2010 camry has 140k miles and they have maintained it well. They have been honest and have provided excellent service to me and my family. I recommend them highly without any hesitation. It's hard to find dealerships u can trust. This ones a keeper!!

"Not your typical dealership. Everyone is knowledgeable,..."

partsdude
DEALERRATER
2-8-2020
Full Star Full Star Full Star Full Star Full Star

Not your typical dealership. Everyone is knowledgeable, friendly and helpful in making your decision. Joshua in service is really helpful, great communication always a pleasure to work with.

"Person there to guide me in and begin the service..."

Rubinic3
DEALERRATER
2-6-2020
Full Star Full Star Full Star Full Star Full Star

Person there to guide me in and begin the service process. Kept me advised thru text and in person for my ok for additional work needed.

FrenchCountry32
CARGURUS
2-6-2020
Full Star Full Star Full Star Full Star Full Star

Very friendly service from all there. Seemed more like a family than a large company. Prompt followup to questions as well.

"Jeff in service was friendly and efficient. Explained..."

Bill
DEALERRATER
2-5-2020
Full Star Full Star Full Star Full Star Full Star

Jeff in service was friendly and efficient. Explained what needed to be done and was not pushy about getting the work done immediately. Informed me what could be done at a later time. The work we agreed to have done was was completed in a timely manner and at the price quoted.

Grechy Lugo
Grechy Lugo
GOOGLE
2-5-2020
Full Star Full Star Full Star Full Star Full Star

"I'm very pleased by the service. Jeff noted my limping..."

Sandrachem
DEALERRATER
2-5-2020
Full Star Full Star Full Star Full Star Full Star

I'm very pleased by the service. Jeff noted my limping in, sprained ankle, and made sure of my comfort while waiting. Over all the service was excellent.

Ronald Scheid
Ronald Scheid
GOOGLE
2-1-2020
Full Star Full Star Full Star Full Star Full Star
John Scieszka
John Scieszka
GOOGLE
1-31-2020
Full Star Full Star Full Star Full Star Full Star

I was greeted and waited on quickly. They were polite and very accommodating.

David Costabile
David Costabile
GOOGLE
1-31-2020
Full Star Full Star Full Star Full Star Full Star
Steve Wightkin
Steve Wightkin
GOOGLE
1-31-2020
Full Star Full Star Full Star Full Star Full Star
Erica Madrigal-Solis
Erica Madrigal-Solis
GOOGLE
1-31-2020
Full Star Full Star Full Star Full Star Full Star
Latisha Pulokas
Latisha Pulokas
GOOGLE
1-29-2020
Full Star Full Star Full Star Empty Star Empty Star

"I just love the service here! Jerry is the best! You..."

RTG
DEALERRATER
1-29-2020
Full Star Full Star Full Star Full Star Full Star

I just love the service here! Jerry is the best! You can’t beat the knowledge and expertise in the automotive business! Come see Jerry!

Paulie Z
Paulie Z
GOOGLE
1-29-2020
Full Star Full Star Full Star Full Star Full Star
mario reyes
mario reyes
GOOGLE
1-29-2020
Full Star Full Star Full Star Full Star Empty Star
Sandra Maivia
Sandra Maivia
GOOGLE
1-27-2020
Full Star Full Star Full Star Full Star Full Star
Chevon Bar
Chevon Bar
GOOGLE
1-25-2020
Full Star Full Star Full Star Full Star Full Star

"They have provided regular service. They competed the..."

Anyone
DEALERRATER
1-25-2020
Full Star Full Star Full Star Full Star Full Star

They have provided regular service. They competed the service while I waited in a nice area. They keep the car running well. It goes along well with how easy the purchase was.

"I LOVE the service department at Lombsrd Toyota!! I can..."

ltmoran87
DEALERRATER
1-25-2020
Full Star Full Star Full Star Full Star Full Star

I LOVE the service department at Lombsrd Toyota!! I can easily book an appointment online, and Jeff in the service department is awesome, fast, informative and great with communication and time estimates. I can always get a ride home instead of waiting at the dealership and a driver will come and pick me up!

Harrison S
Harrison S
GOOGLE
1-24-2020
Full Star Full Star Full Star Full Star Full Star
sonia fuentes
sonia fuentes
GOOGLE
1-23-2020
Full Star Full Star Full Star Full Star Full Star

Highly recommend seeing Josh Monahan, we came in frustrated from visiting a different dealership and Josh made our experience at Toyota in Lombard hassle and headache free. We told Josh exactly what we wanted and he made it work for us. Josh I want to thank you for all your help and for being so patient with us. We will be your customers for life.

"We’ve bought several cars here and one of the reasons is..."

akatamay
DEALERRATER
1-22-2020
Full Star Full Star Full Star Full Star Full Star

We’ve bought several cars here and one of the reasons is their service department. The hours are great. They’re very accommodating and quick.

Mary Ann Parrillo
Mary Ann Parrillo
GOOGLE
1-22-2020
Full Star Full Star Full Star Full Star Full Star
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Dealership Information