A question we often get at our finance center are whether or not it would be better to apply for a loan for their next car, or lease it. While there are plenty of benefits to both, Toyota is currently offering unique leasing deals at select dealerships. Today, we’re going to walk you through the Excess Wear and Use Protection component.
If you’re not familiar with how leasing a vehicle a works, here’s a quick primer. Instead of being responsible for paying off the entire MSRP, a lease agreement only covers the residual value of the vehicle that’s lost over the leasing period. This includes any additional damage that may be incurred. To keep you from having to pay out the nose at the end of the period, Toyota offers this handy benefit.
Watch the video above to learn more about how it works, and contact our Toyota dealership in Galveston, TX to learn more. You can also learn if we currently are offering this benefit at our showroom, and if you qualify.
