Buy vs Lease in Lombard, IL


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!
Sales Hours
833-699-1064
| Monday | 9:00 am - 8:00 pm |
| Tuesday | 9:00 am - 8:00 pm |
| Wednesday | 9:00 am - 8:00 pm |
| Thursday | 9:00 am - 8:00 pm |
| Friday | 9:00 am - 8:00 pm |
| Saturday | 9:00 am - 6:00 pm |
| Sunday | Closed |
Testimonials
“ Ali and a shout out to Mr.GM ALEX. These guys went over and beyond to meet and exceed my expectations. Great service great people ”
“ I am very excited for my new car. Mr. Kenny was amazing and the process was great. ”
“ Kenny was very helpful he helped us get the car we was looking for. I would recommend him to everyone ”
“ Larry was great ”
“ Fernanda was absolutely amazing and helped me purchase the most incredible Toyota Tacoma TRD Pro! She was very friendly, knowledgeable, and courteous. Everything was perfect and I was in and out with the keys very quickly. Highly recommend Lombard Toyota for all your vehicle needs. Thanks again! ”
“ Worked with Ali, Tom and Geries to purchase a Tacoma. Very satisfied. ”
“ I had a great experience here at Toyota. They were quick and friendly and responsive to my questions. Jerry is great at what he does and so is Cal and I'm very happy with the experience and excited to drive my new vehicle home. ”
“ Kenny was a great help getting my new car ”
“ Kenny is very great person to help out buy new car. ”
“ Great service from Arthur, can’t wait to drive my Camry. ”
“ Worked with Geries. Very friendly and kept the process smooth ”
“ I had a great experience working with Yousef at Lombard Toyota while purchasing my 2026 Toyota 4Runner Limited. From the very beginning, he was professional, knowledgeable, and extremely helpful. When I first visited, the vehicle was still in transit, but he took the time to explain the pricing, features, and everything I needed to know. Yousef kept me updated throughout the process and contacted me as soon as the vehicle arrived. He made the test drive enjoyable, explained all the features clearly, and answered all my questions. He also worked with me to get the best possible deal and made the entire buying process smooth and stress-free. I highly recommend Yousef to anyone looking for a vehicle. His excellent customer service, honesty, and dedication made this one of the best car-buying experiences I've had. Thank you, Yousef, and Lombard Toyota! ”
“ Alex and Ali is great !!!! ”
“ Kenny Jordan was amazing ! Definitely exceed my expectations & Is a very genuine person & down to earth person. ”
“ Larry was great, very professional, and polite! ”
“ We ordered our 2026 Toyota RAV4 a month ago, our amazing salesman Yousef Sarkisyan helped us from the beginning until we took our new car home, we absolutely recommend this dealership and Yousef, great experience. Jamie Ignatovich. ”
“ I had a great experience at this dealership with sales rep Yousef! ”
“ Kenny Jordan was very patient and attentive to my vehicle needs. Definitely recommend Kenny Jordan, this is my third lease ”
“ All good. I needed a car asap and they hooked me up with a good price and rate that I needed and also took me to drop off my rental. Honest guys for sure ”
“ Ryan Tanner (Lombard Toyota) is incredible in terms of his attention to the customer's experience and absolutely lovely to work with and talk to. It's easy to see that he truly does advocate for his customers and that is something I deeply appreciate! ”
“ Great dealer experience and sales person A Ali was very nice and helpful!! ”
“ Service by Ali was user-friendly and great ”
“ Double A did a great job treating us today! Sultan was amazing as well! ”
“ Ryan is the best ”
“ My experience at Toyota of Lombard was very pleasant. The process was quick and hassle-free. Arturo was great. He's personable, professional, and working with him was a delight. The easy of our interaction was very much appreciated. Thumbs up! Thank you! ”
“ Wanted to thank Yousef Sarkisyan for helping us find and buy our 2024 Toyota Highlander. Yousef was very professional and courteous. ”
“ Thank you Joshua for being patient and helping me with my purchase. We will see you again for the next car ! ”
“ I bought a car from Larry; he was an excellent salesperson. ”
“ Arturo was a great sales person! He was helpful and informative. ”
“ Excellent customer service, Kenny was a pleasure to work with ”
“ Me and my wife purchased a 2026 Camry from Lombard Toyota, we met with the salesperson Yousef and he explained everything and made my purchase easy. Vincent To ”
“ Arturo was amazing and friendly to deal with! Everyone was very helpful! ”
“ Mr.Kenny, phenomenal man and was great with conversing and coming to middle terms. understood the assignment and executed! ”
“ I just want to say KENNY is absolutely amazing.. He was able to help my Son who just graduated to get his first car!!! Has a birthday gift. He took his time and put in all the effort needed to get my son what he wanted at a price that fits. I am so so grateful for his help since I couldn't be there myself. I would absolutely recommend this place just because of Kenny. Iou one ✅ ”
“ Joshua Coxey, give this man a raise! What an absolute gem. Extremely patient, will go the extra mile and easy to speak with. I went in for an oil change and inspite of an extremely overbooked schedule He was kind enough to help me out. ”
“ Ryan is the best! Thank you for amazing staff. ”
“ Ali got Ali a new car for eid ”
“ Great service and Sales. Very Friendly salesman, will surely hook you up for a great deal. Yousef is a real one. 1000% thank him for his high level patience and serving us until the very end. ”
“ Joshua was very professional and kind, very patient and gave us great options. ”
“ Thank you yousef for the great deal,I love my new camry ”
“ Geries was excellent great service ”
“ Edwin was great, no pushy salesman, allowed you to think of your options. Took care of your needs while waiting, offering snacks eyc while uou waited. ”
“ Overpriced in all the cars You will find a used car in the same price as a new car ”
“ I should’ve heeded the negative reviews. Scheduling a test drive was easy enough. They canceled it 1.5 hrs before the appointment due to a stop sale on the vehicle. They emailed this cancellation because they didn’t have my phone number. This cancellation email from Louie was titled “Pleased To Meet You!” ??? I read the email upon my arrival at the dealership right after one of their employees got me seated while requesting my phone number. Upon seeing the email stating the vehicle I was interested in couldn’t be driven, I got up to leave, only to be blocked in by a tall guy who was forcefully explaining they tried to cancel. That there is the biggest reason for the 1 star. If someone’s trying to leave, don’t block their way to yap in their faces. These people give Toyota a bad name. ”
“ Kenny has been amazing! helped with every step of the process making sure everything was ready on arrival for me! very kind and very reliable person! thank you so much for all your help! ”