Finance Vs. Lease

Everyone's got an opinion on what vehicle you should drive and even how you should pay for it. But the only right decision is the one that works for you. So what's the real difference between financing and leasing? Here's what to expect.

If you finance your vehicle...

* You own the vehicle.
* You have no mileage restrictions.
* You can customize the vehicle.
* You can expect to pay a minimum down payment of 10-15% of the vehicle's value.
* You pay for your vehicle and related finance charges, in monthly installments, over the contract term.

If you lease your vehicle...

* You generally pay lower monthly payments than if you financed the same vehicle.
* You have the option of buying or returning the vehicle to Toyota Financial Services at the end of the lease.
* You don't need to find a buyer for your current vehicle or negotiate its trade-in value at the end of the lease.
* You have the flexibility to change or upgrade your vehicle every few years.