Apply for a Toyota Lease or Car Loan at Szott M-59 Toyota of Waterford, serving Detroit, Bloomfield and Rochester, MI

In the market for a Toyota lease in Waterford? Let Szott M-59 Toyota, serving Detroit, be your first and last stop when it comes to financing. Toyota offers many incentives to lease one of their fabulous models like the Camry, Corolla, Tundra or Prius. Our finance professionals can help educate you on all the terms - our lease plans can be flexible to fit your lifestyle. Learn about the advantages of buying vs leasing here.

We may have even more leeway on rates for used car financing. There are many banks we have relationships with who will give you the best rate they can. Automotive financing is our job, so don't waste your valuable time calling banks and finding rates - we'll gladly do it for you. Submit your Financial Form today.

To learn more about our financing options for new and used Toyota and Scion models,  contact Szott M-59 Toyota, serving Detroit, Bloomfield, Farmington & Rochester, MI today. Or, visit us in person at 4178 Highland Road in Waterford, Michigan.

Toyota Financial Services VSA

Different Financing Options for More People

During your search for automotive financing you will surely come to realize that there are two main types of automotive financing. The first is an automotive loan! When you sign up for an automotive loan you are becoming the sole owner of the car. Secondly, there is a lease. With a lease you do not own a car, but are able to drive the car for an agreed amount of time. These two options are very different but work incredible well for any buyer.

Here our staff will make sure you have a strong understanding on both options and will help you decide which one is perfect for your lifestyle and your budget! Our staff members want to make sure that you will leave our dealership in the car you have been searching for with a loan that is manageable to repay or a lease that is perfect!

Leasing vs. Loan: Which One is For You?

One of the biggest aspects of financing your next Toyota is deciding which option works best. As we stated before, there are some main differences between the two and want to make sure you are able to choose the option that will work best for you.

Leasing

1. You do not own the car, but rather get to drive the car for a certain amount of time in agreement from a financer, like Toyota Financial Services.
2. Because you do not own the car, you can only drive a certain about amount of miles during your contract, any miles over and you have to pay extra.
3. Your monthly payment, on average, is lower than that of a loan.
4. At the end of your lease term you can buy the car out or lease a new car!

Leasing is a great option for buyers who want a new car every few years, do not drive a lot, or want to have a lower monthly payment. Check out the leasing offers that Szott Toyota M-59 has today!

Loan

1. With an automotive loan you are able to become the sole owner of the car which allows you to drive and modify the car to your liking!
2. Your monthly payment may be higher, but you are free to keep the car as long as you want or sell the car when you want to and use that money to go towards your next car.
3. You can drive the car as much as you want without penalty!
4. When your loan is up and repaid you are under no obligation to return the car to anyone!

An automotive loan is a great option who have more money to spend on a car at the beginning and want to own the car for the long run. While this is not always the option buyers will use, it is incredibly popular. Check out the financing options available for new and pre-owned Toyota models!