Buy or Lease | Toyota Dealership in Alcoa, TN | Rick McGill's Airport Toyota

	This is me	This might be me	This is not me
I always drive over 15,000 miles a year.	This is me	This might be me	This is not me
I like to customize my car by tinting windows, adding pinstripes, sound system, etc.	This is me	This might be me	This is not me
I usually get emotionally attached to my car.	This is me	This might be me	This is not me
I love to see those payments dwindle to nothing.	This is me	This might be me	This is not me
I've got to have (real) new car smell.	This is me	This might be me	This is not me
I like the security of driving a car under warranty.	This is me	This might be me	This is not me
I usually choose a car that I can't afford.	This is me	This might be me	This is not me
My current car is more than 4 years old.	This is me	This might be me	This is not me
I am willing to trade ownership for low, monthly payments.	This is me	This might be me	This is not me
My company reimburses me for car expenses.	This is me	This might be me	This is not me
I like to do my own repair work.	This is me	This might be me	This is not me
I typically drive less than 12,000 miles a year.	This is me	This might be me	This is not me

When you lease a car, you are typically capped at 15,000 miles a year. Additional mileage can cost you up to 35 cents per mile. And that can really add up.
If you like to personalize a car, this investment can be lost on a leased car.
If you like the idea of ownership, you are less likely to be happy with the lease option.
If you like the feeling of accomplishment that paying off a large purchase brings and should consider that when you lease a car, the payment ends only when you return the car.
If the car you presently own is over 3 years old you are more likely a buyer. While not always true, you can usually drive for less if you're willing to buy and drive for at least 3 years.
If you don't mind doing your own car repairs, you probably don't mind driving a car after the warranty expires.

Lease arrangements usually involve a 15,000 miles-per-year cap and charge for extra miles. If you drive very little, you may be a candidate for a luxury lease.
When you negotiate a 24 or 36-month lease, you can be sure you'll always be driving a new vehicle.
Although you need to maintain and repair your leased vehicle just as you would an owned vehicle, because you typically lease for 2 to 3 years, the car is normally under warranty.
Many people prefer to drive a vehicle that is priced above their means and leasing provides the solution.
If you don't mind not owning the car, you are free to enjoy the benefits of leasing like low monthly payments and a low down payment.
If you own the company, and you use your car for business, check with your tax advisor. You may be able to deduct your auto expenses, including your monthly lease payment. And if the company you work for gives you a monthly car allowance, you may want to lease since you'll be able to drive a nicer car for a lower monthly payment.

When to Buy or Lease a New Toyota in Alcoa, TN