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


Testimonials

Robert Camp
Robert Camp
GOOGLE
3-19-2020
Full Star Full Star Full Star Full Star Full Star

Mitch Ariola was our sales representative who was outstanding in helping us buy a used vehicle. He was very accommodating wirh all our requests in order to make us comfortable with the purchase.

steve P
steve P
GOOGLE
3-19-2020
Full Star Full Star Full Star Full Star Full Star

Took the Sequoia in for an alignment, same day service. They always do a nice job. Thanks guys!

Evelina Carrasco
Evelina Carrasco
GOOGLE
3-19-2020
Full Star Full Star Full Star Full Star Full Star

I went in unsure of what my options were, a bit hesitant. Joshua Monahan came and put me at ease immediately. He was willing to listen to what I was looking for, what I needed for my specific situation and we were able to work something out. I really appreciate the time he took with me to ensure that I was happy with my selection. Thank you Joshua!

Emilie Jones
Emilie Jones
GOOGLE
3-18-2020
Full Star Full Star Full Star Full Star Full Star
tina mclees
tina mclees
GOOGLE
3-17-2020
Full Star Full Star Full Star Full Star Full Star
HECTOR GALLEGO
HECTOR GALLEGO
GOOGLE
3-17-2020
Full Star Full Star Full Star Full Star Empty Star
Kim H
Kim H
GOOGLE
3-16-2020
Full Star Full Star Full Star Full Star Full Star

was on the fence about shopping for a new car with the whole virus outbreak. saw a letter and how you guys care about the customers. Couldn't be happier with my New Corolla! Josh Was great!

Tom D.
Tom D.
GOOGLE
3-15-2020
Full Star Full Star Full Star Full Star Empty Star
Cosmin Bargoz
Cosmin Bargoz
GOOGLE
3-14-2020
Full Star Full Star Full Star Full Star Full Star

Great service and friendly staff. Thank you Vasko , Ammar and Alex for a wonderful experience.

Chris Zwirn
Chris Zwirn
GOOGLE
3-13-2020
Full Star Full Star Full Star Full Star Full Star

Great selection, professional staff, great pricing! Ask for Ali he is great!

santos reveles
santos reveles
GOOGLE
3-13-2020
Full Star Full Star Full Star Full Star Full Star

Had a great time here. Everything went well. The nicest guys in the area. Won’t find any better place than this. Ask for Ammar when you go in. Greatest salesman. Walked through everything with us. Helped through every step. Didn’t rush anything and made sure we were always happy. Highly recommend it.

Edith M
Edith M
GOOGLE
3-12-2020
Full Star Full Star Full Star Full Star Full Star

Very accommodating and professional. They had an opening the day I called and I had a clean, tip—top car in about an hour and a half. Junior discussed all options with me and was very polite.

Mihail Golić
Mihail Golić
GOOGLE
3-12-2020
Full Star Full Star Full Star Full Star Full Star
Michael Karris
Michael Karris
GOOGLE
3-11-2020
Full Star Full Star Full Star Empty Star Empty Star
Jim Canaday
Jim Canaday
GOOGLE
3-11-2020
Full Star Full Star Full Star Full Star Full Star
Guadalupe D
Guadalupe D
GOOGLE
3-11-2020
Full Star Full Star Full Star Full Star Full Star

Thank you for great service!!!

April Cook
April Cook
GOOGLE
3-11-2020
Full Star Full Star Full Star Full Star Full Star

Josh did a wonderful job with my truck. I came in for an oil change and he also gave my truck a free wash. I’m so happy with the service I received. GREAT JOB!!!

Renaldo Kruja
Renaldo Kruja
GOOGLE
3-10-2020
Full Star Full Star Full Star Full Star Empty Star
Randa Hamadeh
Randa Hamadeh
GOOGLE
3-10-2020
Full Star Full Star Full Star Full Star Full Star

Had a great experience here! From start to finish they were accommodating, clearly communicated everything, and worked to get me a great deal. I worked with Moe and Ali, would return again!

John Galla
John Galla
GOOGLE
3-9-2020
Full Star Full Star Full Star Full Star Full Star
Gail Hagemann
Gail Hagemann
GOOGLE
3-8-2020
Full Star Full Star Full Star Full Star Full Star

Jeffrey Serwas was my Service Writer. I didn’t have an appointment but he got me in and out of the dealership in a timely manner. When I purchased my RAV4, the salesperson was not very knowledgeable about how things worked in the car. I asked Jeffrey a few questions and he went out of his way to get me answers. I also went to see Kat in the BDC Department along with seeing Mikki. Kat is the one who got me to come to Lombard Toyota to purchase my vehicle. 5 Stars to Jeffrey, Kat and Mikki!

"I made an appointment for just an oil change and filter...."

Dwight Dodd
DEALERRATER
3-7-2020
Full Star Full Star Full Star Full Star Full Star

I made an appointment for just an oil change and filter. The oil change was great. They even went above and beyond with everything, they checked my brakes, and did a lot more. It was a very sufficient visit. I talked to Jeff and the mechanic Ron, they were very personal with me and I am very pleased with their service. They make me want to come back. Loyal customer, Dwight Dodd

Linda Troutman
Linda Troutman
GOOGLE
3-7-2020
Full Star Full Star Full Star Full Star Full Star

My sales person, Mitch was attentive, polite and had a friendly manner. The sales staff in general were efficient. They explained our options and they were agreeable negotiators.

Jonah Richardson
Jonah Richardson
GOOGLE
3-6-2020
Full Star Full Star Full Star Full Star Full Star

"Service department is top notch! Always a great..."

kru18strat07
DEALERRATER
3-6-2020
Full Star Full Star Full Star Full Star Full Star

Service department is top notch! Always a great experience. Staff are friendly and knowledgeable. Always address our vehicle’s needs in a timely manner. Thank you Jeff and team for always providing a great, quality service experience!

Mathias Schleger
Mathias Schleger
GOOGLE
3-4-2020
Full Star Full Star Full Star Full Star Full Star

Very nice guy’s there and a good discount for the cars. Good business.

carlos contreras
carlos contreras
GOOGLE
3-3-2020
Full Star Full Star Full Star Full Star Full Star
Greg Gunderson
Greg Gunderson
GOOGLE
3-3-2020
Full Star Full Star Full Star Full Star Full Star
Gerber Melendrez
Gerber Melendrez
GOOGLE
3-2-2020
Full Star Full Star Full Star Full Star Full Star
Alan Valente
Alan Valente
GOOGLE
3-1-2020
Full Star Full Star Full Star Full Star Full Star
jeannette vazquez
jeannette vazquez
GOOGLE
2-29-2020
Full Star Full Star Full Star Full Star Full Star

My favorite place, staff is always friendly and always helpful, I recommend coming here for all your car needs.

Brianna Galvan
Brianna Galvan
GOOGLE
2-28-2020
Full Star Full Star Full Star Full Star Full Star
Ita O connell
Ita O connell
GOOGLE
2-28-2020
Full Star Full Star Full Star Full Star Full Star

Upon arrival I was promptly attended to Great service and my car was brought back in as soon as I got there to pick it up they had even washed it for me Great service overall

Beth Rosch
Beth Rosch
GOOGLE
2-28-2020
Full Star Full Star Full Star Full Star Full Star

Great service!

"Jeff Serwas (along with Matt) was a strong advocate for..."

Tpnkprice
DEALERRATER
2-28-2020
Full Star Full Star Full Star Full Star Full Star

Jeff Serwas (along with Matt) was a strong advocate for us with Toyota Customer Care to mitigate some of the cost for engine replacement. This based on our long term relationship with the Lombard service team and Jeff in particular.

"Satisfied with the services"

Lo
DEALERRATER
2-28-2020
Full Star Full Star Full Star Full Star Empty Star

Satisfied with the customer service such as phone contact for reminding the routine check of vehicle, schedule of appointment, face to face customer service at dealer/service.

Leah Kelley
Leah Kelley
GOOGLE
2-28-2020
Full Star Full Star Full Star Full Star Full Star
Tammie Trombetta
Tammie Trombetta
GOOGLE
2-27-2020
Full Star Full Star Full Star Full Star Full Star

Great service. Speedy!

Michael Dvoracek
Michael Dvoracek
GOOGLE
2-26-2020
Full Star Full Star Full Star Full Star Full Star
Mauricio BAUTISTA MONTES
Mauricio BAUTISTA MONTES
GOOGLE
2-25-2020
Full Star Full Star Full Star Full Star Full Star

fast and timely demanding service

garrett3388
garrett3388
GOOGLE
2-24-2020
Full Star Full Star Full Star Full Star Full Star
marina prindle
marina prindle
GOOGLE
2-24-2020
Full Star Full Star Full Star Empty Star Empty Star

I came in to service my Bluetooth phone on the car because everytime I'm on the phone with anyone noone can hear me due to a loud static. They updated my computer stating there were allot of apps that were outdated and said that should fix the problem, however, it did not. Once I left Toyota and received my first call from my son and had asked him if the call was any better and he responded no! It was still the same! At least my apps were up to date! My calls are still the same!

Mark Seaman
Mark Seaman
GOOGLE
2-22-2020
Full Star Full Star Full Star Full Star Empty Star
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Dealership Information