Should I Buy or Lease My New Toyota?

If you’re like most folks in Daphne or Pascagoula shopping for a new vehicle, then there’s a good chance that you’re working on a budget. This means you probably won’t be paying for your new car up front. Instead, most people who shop here at Palmer's Toyota Superstore will choose to finance or lease their new vehicle.

Questions? Apply for Financing

Benefits of Buying

Many people who come to our dealership from Mobile, the Port City, and the surrounding areas want to finance their vehicle. There are a variety of different advantages, including:

  • Ownership – Each monthly payment you make on a financed vehicle is helping you build equity. By the time you finish paying off the vehicle – usually 36, 48, or 60 months – you’ll own the car outright.
  • Customization – When you own your car, you can do what you want with it. Add a custom paint job, put in a custom stereo system, or install performance-enhancing equipment. You won’t be penalized for making it your own.
2018 Toyota Tundra SR5 Double Cab

Benefits of Leasing

The other option is to lease a vehicle. With this option, you borrow the car for a period of time and have the option to purchase it or return it when the lease term is up. There are also a variety of different advantages to leasing as well:

  • Affordability – In general, vehicle leases come with lower down payments and lower monthly payments. This means that you can afford to drive a nicer vehicle for less, while keeping more money in your account every month.
  • Newest Features – Leases usually come with shorter terms than financing plans, usually 24 or 36 months. This means that as soon as your lease is done, you can bring it in and get a new lease on a vehicle with the latest technology, performance, and design features installed.
2018 Toyota Tundra Platinum CrewMax Interior

Explore Your Finance Options at Palmer’s Toyota

Which is the better option for your next car? Visit Palmer's Toyota Superstore, your Gulf Coast dealership, to take a test drive and chat with our finance staff about the differences between financing and leasing. Contact us to schedule a test drive or a visit to our showroom in Mobile.

More from Palmer's Toyota Superstore

  • Visit Our Collision Center in Mobile, AL!

    At Palmer’s Toyota Superstore, we can repair body damage to your car from accidents and collisions. In fact, our Superstore Certified Collision Center utilizes the latest technology to ensure your vehicle looks as good as new following an accident or collision. We have extensive experience repairing all manner of vehicles, foreign and domestic, new and old,…

  • Drive Home a Certified Used Vehicle from Palmer’s Toyota!

    Palmer’s Toyota Superstore has hundreds of used and new Toyota models on our lot! Learn more about our certified preowned inventory in this blog post: If you’re shopping for a used car near Mobile and want a vehicle that’s reliable & still feels new, then consider a Certified Used Toyota vehicle from Palmer’s Toyota in…

  • Toyota Military Rebate in Mobile, AL!

      At Palmer’s Toyota, we enjoy being a member of the Gulf Coast community. We take a lot of pride in contributing to our community in ways that make a positive impact and help others. This extends to our local partnerships with the Child Advocacy Center of Mobile and others. It also extends to sharing…

Filter
Filter Results ×
Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

(251) 639-0800

Call Now

470 Schillinger Road South • Mobile, AL 36695

Get Directions

Today's Hours:

Open Today! Sales: 8:30am-8:30pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7:30am-6pm

Palmer's Toyota Superstore

470 Schillinger Road South Mobile, AL

Phone: (251) 639-0800

http://maps.google.com/?q=470%20Schillinger%20Road%20South%2C%20Mobile%2C%20AL%2036695

Parts

Phone: (251) 639-0800

470 Schillinger Road South Mobile, AL

Sales

Phone: (251) 639-0800

470 Schillinger Road South Mobile, AL

Service

Phone: (251) 639-0800

470 Schillinger Road South Mobile, AL

Collision Center

Phone: (251) 639-0800

470 Schillinger Road South Mobile, AL
30.680144 -88.226818
[schema type="organization" orgtype="LocalBusiness" url="www.palmerstoyota.com" name="Palmer's Toyota Superstore" description="" street="470 Schillinger Road South" city="Mobile" state="AL" postalcode="36695" country="USA" email="ray.keene@gmail.com" phone="(251) 639-0800" logo="https://di-uploads-pod9.dealerinspire.com/palmerstoyota/uploads/2019/03/Logo-update.png"]
Palmer's Toyota Superstore
Palmer's Toyota Superstore
470 Schillinger Road South
Mobile, AL, 36695 USA
(251) 639-0800
https://di-uploads-pod9.dealerinspire.com/palmerstoyota/uploads/2019/03/Logo-update.png
Palmer's Toyota Superstore 30.680144, -88.226818.