Location

Get Directions

1615 Morrissey Drive, Bloomington, IL, 61704

Should I Buy or Lease?

Hand Filling Out Financing Documents with Miniature Car

When you are looking for a new vehicle in Bloomington, you may be wondering what the best financial path to take is. The answer is finding out what is going to work best for you in terms of buying vs. leasing. There are benefits to leasing vs. buying, but it’s essential to consider what your needs are, what you can afford, and what you want. Sam Leman Toyota Bloomington is taking a look at the benefits that come along with financing and leasing, so you can decide which is best for you.

Finance Department Apply for Financing

Benefits of Buying

  • No Mileage Restrictions: If you’re driving your vehicle inside and outside of the Normal area, you may want to consider buying. Without the mileage limits you get on a leased vehicle, you can drive as much as you want.
  • Total Ownership: When you purchase a vehicle, it’s yours, and you are free to do what you want to it. There are no restrictions on how it’s decorated, modified, etc.
  • Customization: Want to make your new vehicle stand out? When you buy a car, you can make any cosmetic and mechanical changes that you want. Create the car of your dreams without any restrictions.
  • Ability to Sell: You are not locked in a lease agreement. Because of that, you can sell your car at any time.
  • Less Cost Over Time: Though buying a new car is more expensive at first, it is less troublesome in terms of cost over time as you work toward paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.

Car Key and Pen on Contract

Man Giving Thumbs Up in New Car

Benefits of Leasing

  • Lower Payments: Whether it’s monthly payments or down payments, the cost of leasing a vehicle will be much lower than buying.
  • Less Sales Tax: In most states, leasing a vehicle lowers the sales tax significantly. In some areas, you only have to pay tax on the amount you put forth in the down payment and for the monthly payments.
  • Trade-Ins: When your lease agreement is over, the process of getting your next leased vehicle is easy. Visit our Bloomington showroom, pay any remaining fees, and drive away in your next vehicle of choice.
  • Great Coverage: Warranty coverage and maintenance when leasing is simple. When any issues pop up under your warranty, as long as you don’t go over the mileage limit, they are covered.
  • Options: Leasing lets you stay in the newest models with the latest in technology every time you lease a new vehicle. You will have a lot of options and will be able to find the perfect model with the features you want.
  • High Approval Rate: While you may be denied for a car loan, getting approved for a lease is easier. Even those with poor or no credit can be approved.

Explore Leasing and Financing Options at Sam Leman Toyota Bloomington

Whether you choose to buy or lease, remember that the decision is based on your financial situation and personal needs. What works for others may not work for you. Explore all of our Toyota leasing and financing deals, learn how to trade-in a car for the best possible deal, then stop by our dealership near Morton for a test drive. Contact us with any questions!

More From Sam Leman Toyota Bloomington

  • 2026 Toyota Corolla Cross Overview

    2026 Toyota Corolla Cross Overview The 2026 Toyota Corolla Cross is redefining what drivers in Normal can expect from a compact SUV. With its stylish design, versatile performance, and advanced technology, it bridges the gap between city convenience and weekend adventure. Delivering features often found in higher-end models—yet at a budget-friendly price—the Corolla Cross continues…

    Read More

  • 2026 Toyota Corolla Fuel Economy

    The 2026 Toyota Corolla continues to uphold its reputation for outstanding fuel efficiency, offering drivers an affordable and eco-friendly way to get around Springfield. Whether you opt for a gas-powered model or one of the available hybrid trims, you can expect a great combination of power and efficiency. Discover the new Toyota Corolla fuel economy…

    Read More

  • 2026 Toyota Tacoma Hybrid Performance

      The Toyota Tacoma is a popular midsize truck in part because of its engine choices. While the standard i-FORCE turbocharged engine churns out impressive numbers, the optional i-FORCE MAX hybrid powertrain takes performance to the next level. Not only can you expect outstanding horsepower from a Toyota Tacoma hybrid, but you can also expect…

    Read More
Glovebox

Search Vehicles

Search By Keyword:
Search By Filters:

Contact Us

Main (309) 518-1795 Financing (309) 271-1095 Parts (309) 271-0319 Sales (309) 518-1795 Service (309) 271-0109
1615 Morrissey Drive
Bloomington, IL 61704
Get Directions

Menu

Contact Us

Main: (309) 518-1795 Financing: (309) 271-1095 Parts: (309) 271-0319 Sales: (309) 518-1795 Service: (309) 271-0109
Sam Leman Toyota Bloomington 40.4607752, -88.9687249.