Buying vs. Leasing Cars in Holiday, FL

Buying

You may purchase your vehicle in full or apply for financing. Applying for an auto loan is typically more accessible when buying a vehicle, as opposed to when leasing it. Generally requirements for credit scores are lower for a car loan, while interest rates tend to be higher. If you’re financing your vehicle, the bank will most likely request a down payment. You can also trade-in another vehicle and use any equity towards your down payment.

The amount of the down payment as well as loan payments are usually based on the lender’s requirements and your credit score. If financing your vehicle, monthly payments are required. These vary based on terms and vehicle model. Once you’ve paid off what you owe on your contract, that’s it. Your vehicle is 100% yours. Here at Sun Toyota, we make financing a breeze! For more information on how you can finance a vehicle check out our Finance Center, or contact one of our associates at our help center.

Buying

Your car is a big investment. The moment you drive it off the lot, the value depreciates. If you choose to sell it or trade it in , in the future, your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. Here are some ways you can keep the value of your vehicle high:

1. Keep An Eye On Your Mileage - the first question any used-car buyer will ask is “How many miles does it have?”. It is simple. The lower the mileage, the higher the value. The average number of miles per year is anywhere from 12,000 to 15,000 miles. If you drive above 20,000 miles a year, you are considered a heavy user. 
2. Store Your Vehicle In A Proper Place - If you have a garage, use it! The sun and outside conditions can be damaging overtime. Just as humans wouldn't like being left out in the elements, neither does your vehicle! When left out paint can fade, rust can form, and other possible damages may occur. If you do not have a garage accessible to you, try to park your car in a shaded area as often as possible. 
3. Keep Your Car Smelling Nice- While we are always on the go nowadays, it seems like we live in our cars. However it is important to remember that when selling a vehicle, no one wants one that smells like food and cigarettes. To keep your car smelling and looking clean, limit the amount of smoking and eating in your vehicle. 
4. Regular Maintenance Is Vital- servicing your car on a regular basis is vital to the longevity and future value of your vehicle. Routine maintenance can help you avoid large costly repairs down the road. It also ensures the stability of your vehicle. Here at Sun Toyota we offer high-value maintenance service, completed by our Toyota trained technicians. View our services or schedule an appointment today!