Buy vs Lease near Paramus, NJ

Buy vs Lease near Paramus, NJ

Here at Toyota of Hackensack we are proud to feature a showroom filled with the latest Toyota models. If your main debate is about whether to buy or lease your next car, come and talk with us! We’ll help you sort through the differences between both options to find the right choice along with our ongoing specials.

Buying

Buying a vehicle is likely what first comes to mind when thinking about getting a new vehicle. Like any other major purchase, you can choose to pay for the vehicle outright at signing or break the cost up over a set period of time with monthly installments. For most people financing their purchase is necessary, which is where the credit score comes into play. If you want to see what kind of interest rate you are approved for without affecting your score, all you have to do is complete our quick pre-approval form. You’ll also want to keep in mind that a down payment amount is needed to finance your purchase and the more you can provide at signing will help keep your monthly payments low. One key aspect to buying is that once the vehicle is paid off you can continue to drive it and enjoy having a vehicle without a monthly payment.

Leasing

Leasing is often overlooked but does have a unique set of benefits that works out well for many customers. Often compared to borrowing, leasing is a short-term contract during which time you will get to drive a new vehicle with monthly payments that are based on the depreciation value of the Toyota model. You won’t have to worry about paying off the full sticker price of the vehicle, which often equals less due at signing. Most lease agreements last two or three years and at the end you can choose to get behind the wheel of a different vehicle, buy the one you’ve been driving, or turn in the keys and head your own way. Since you aren’t working to own the vehicle, you will need to keep track of how many miles you travel and any damage done to the vehicle during your lease can result in additional fees.

Finding Your Ideal Option

Still not sure which option is for you? If you have enough savings to provide a solid percentage of the sticker price as a down payment and you’re looking to drive the same vehicle for years to come, buying a vehicle will likely be the best choice. For those who don’t have a lot to provide at signing and want to consistently get to drive a new vehicle rather than paying off their car, leasing checks off those boxes. We also want to note that you can buy or finance the purchase of a used car as well, but leasing only applies to the current iteration or model year. The good news is that our Finance Department is ready to help six days a week!

Contact Toyota of Hackensack for a personalized finance plan and a test drive behind the wheel of your dream model. We would love to continue the conversation about buy vs. lease near Paramus, NJ, here at 278 River Street in Hackensack, NJ!


Should I Buy or Lease a Car?

  • Leasing offers short-term contracts
  • Buying allows you to drive the vehicle after it has been paid off
  • Leasing is for new vehicles only
  • Financing a purchasing can be applied to new and used cars

Finance Options

Contact Information


I give consent for you to contact me with the provided information from above

Dealership Information

Testimonials

T'angelo Magee
T'angelo Magee
GOOGLE
1-25-2020
Full Star Full Star Full Star Full Star Full Star

I came here to purchase my new 2020 Toyota Camry XSE. They were very helpful and knowledgeable. Definitely will recommend my sales associate Joe.

jerry Mirante
jerry Mirante
GOOGLE
1-25-2020
Full Star Full Star Full Star Full Star Full Star

Miriam made my car-buying experience easy and pleasant....

nancy.adriance
CARS
1-24-2020
Full Star Full Star Full Star Full Star Full Star

Miriam made my car-buying experience easy and pleasant. She is knowledgeable, friendly, and accommodating. I would highly recommend her. I'm a second-time customer of Toyota of Hackensack (bought a certified/preowned Sienna last time, and it's been great); I've been pleased with the service I received, both times, by the rest of the dealership staff.

Toyota of Hackensack is our local dealer (only a few...

TimAdriance
CARS
1-23-2020
Full Star Full Star Full Star Full Star Full Star

Toyota of Hackensack is our local dealer (only a few minutes from our house) and we have yet to be disappointed. We use the service department and decided to visit when we were ready for a new car. Miriam was straight forward and easy to work with. She wasn't pushy & offered us a fair price. We are definitely a Toyota family!!!

Gustavo Barberis
Gustavo Barberis
GOOGLE
1-22-2020
Full Star Full Star Full Star Full Star Full Star

(Translated by Google) The very nice friendly saleswoman Diana Carella attended us very well (Original) La vendedora Diana Carella muy amable simpática nos atendió muy bien

Ana Perez
Ana Perez
GOOGLE
1-22-2020
Full Star Full Star Full Star Full Star Empty Star
Mauricio Palacio Interior Designer
Mauricio Palacio Interior Designer
GOOGLE
1-21-2020
Full Star Full Star Full Star Full Star Full Star

I Have chack many differents dealership and this is the best on prices,service , attention

Stephanie Apgar
Stephanie Apgar
GOOGLE
1-20-2020
Full Star Full Star Full Star Full Star Full Star

Got the car I wanted. good price on trade and new car....

Csolorzano
CARS
1-19-2020
Full Star Full Star Full Star Full Star Full Star

Got the car I wanted. good price on trade and new car. mariam was helpful. new Rav4 has a lot of options and im very happy.

charliee roc
charliee roc
GOOGLE
1-18-2020
Full Star Full Star Full Star Full Star Full Star

Do yourself a favor— come to see Miriam FIRST. After days of visiting other Toyota dealerships and having less than perfect experiences.. we ended up at Toyota of Hackensack & were greeted by Miriam; everything went quick, simple, and easy from there. My husband and I have bought many cars, but this was by far the best!

Do yourself a favor- come to see Miriam FIRST. After days...

KS.Roche
CARS
1-17-2020
Full Star Full Star Full Star Full Star Full Star

Do yourself a favor- come to see Miriam FIRST. After days of visiting other Toyota dealerships and having less than perfect experiences.. we ended up at Toyota of Hackensack & were greeted by Miriam; everything went quick, simple, and easy from there. My husband and I have bought many cars, but this was by far the best!

Great dealership. Came for a special, rare used BMW. the...

jimmulcahy98
CARS
1-15-2020
Full Star Full Star Full Star Full Star Full Star

Great dealership. Came for a special, rare used BMW. the process was smooth and easy. Miriam explained the process & made sure the car was prepped and ready. Service even went out of there way to check something out for me before I left. Would return to Hackensack and Miriam for another purchase.

Flakitoh Duran
Flakitoh Duran
GOOGLE
1-14-2020
Full Star Full Star Full Star Full Star Full Star

Ana Mayers- she is an excellent salesperson. This is the...

jordanmmassa
CARS
1-14-2020
Full Star Full Star Full Star Full Star Full Star

Ana Mayers- she is an excellent salesperson. This is the 12th car I have leased or bought in 40 years and I worked for 40 years as a Sales Manager in another field. She thoroughly reviewed my information prior to meeting me. Explained the reduced rates, full details on the new car.... very professional...dressed professional, as compared to the other reps on the sales floor that day. Was well spoken, pleasant and took cf all my needs. 5 Stars as an Account Executive.

E Pico
E Pico
GOOGLE
1-12-2020
Full Star Full Star Full Star Full Star Full Star

great service from helpful sales people, not aggressive and knowledgeable. not the first place I visited, but definitely the only one I needed to

Monica Hernandes
Monica Hernandes
GOOGLE
1-12-2020
Full Star Full Star Full Star Empty Star Empty Star
delmy hernandez
delmy hernandez
GOOGLE
1-11-2020
Full Star Full Star Full Star Full Star Full Star

Good customer service!!!!

Jan Siess
Jan Siess
GOOGLE
1-11-2020
Full Star Full Star Full Star Full Star Full Star

Ana Myers review

runettemurdock
CARS
1-11-2020
Full Star Full Star Full Star Full Star Full Star

Ana was very helpful, informative and very knowledgeable , she provided all the information I needed and was very pleasant to work with. I will definitely be recommending her to friends and family...

Juan Guillermo Rodriguez Vasquez
Juan Guillermo Rodriguez Vasquez
GOOGLE
1-10-2020
Full Star Full Star Full Star Full Star Full Star

I bought a SUV 3 weeks ago my sales lady Ana Mayers was...

Angelcolon67
CARS
1-10-2020
Full Star Full Star Full Star Full Star Empty Star

I bought a SUV 3 weeks ago my sales lady Ana Mayers was awesome she is very polite and very patient .. I really recommend her ..

Miriam Shanken is a very positive friendly sales person...

JHERN1121
CARS
1-9-2020
Full Star Full Star Full Star Full Star Full Star

Miriam Shanken is a very positive friendly sales person who was very attentive towards all my questions and concerns, very skilled and passionate about her work

While the people were friendly and accessible, the...

Anonymous
CARS
1-9-2020
Full Star Full Star Full Star Empty Star Empty Star

While the people were friendly and accessible, the attention to detail was lacking and I had ot find out a lot of things on my own and then ask about them.

manuel elias
manuel elias
GOOGLE
1-8-2020
Full Star Full Star Full Star Full Star Empty Star
Russell Petersen
Russell Petersen
GOOGLE
1-7-2020
Full Star Full Star Full Star Full Star Full Star

After much intensive car research for our next family minivan we found Hackensack Toyota to be the most welcoming. Almost immediately after meeting Miriam Shanken, our sales associate, we knew we were in the right hands and where we needed to be to buy our next car. She was the most friendly, helpful, supportive and knowledgeable sales associate we had ever dealt with and her patience and care made us feel like we were part of the Toyota family. Overall our new Toyota Sienna minivan car buying experience was a breeze thanks to Miriam!

super mack74
super mack74
GOOGLE
1-7-2020
Full Star Full Star Full Star Full Star Full Star

Made Our Car Buying a Breeze

ROBERTA_L_P
CARS
1-5-2020
Full Star Full Star Full Star Full Star Full Star

After much intensive car research for our next family minivan we found Hackensack Toyota to be the most welcoming. Almost immediately after meeting Miriam Shanken, our sales associate, we knew we were in the right hands and where we needed to be to buy our next car. She was the most friendly, helpful, supportive and knowledgeable sales associate we had ever dealt with and her patience and care made us feel like we were part of the Toyota family. Overall our new Toyota Sienna minivan car buying experience was a breeze thanks to Miriam!

Lidia Alcorta
Lidia Alcorta
GOOGLE
1-3-2020
Full Star Full Star Full Star Full Star Full Star

Although I did not end up purchasing a car here (purchased another brand), I will most definitely go to this dealer for a future purchase. No pressure, friendly staff, willing to negotiate on price. Next car will come from hackensack toyota.

Ana Mayer's is amazingly nice! So sweet! She has helped...

Jper2477
CARS
1-2-2020
Full Star Full Star Full Star Full Star Full Star

Ana Mayer's is amazingly nice! So sweet! She has helped several times and has been absolutely wonderful. I love her honesty and matter-of-factness. Always impressed with her professionalism.

Ana was beyond wonderful. Such an efficient and nice...

Aper0301
CARS
1-2-2020
Full Star Full Star Full Star Full Star Full Star

Ana was beyond wonderful. Such an efficient and nice salesperson. I have had the pleasure of working with her previously and she has been especially informative of what worked for us.

Patient & Knowledgable

RLP
CARS
1-2-2020
Full Star Full Star Full Star Full Star Full Star

After many, many years of owning our minivan, it was time for a new car. We considered other vehicles but ultimately decided another minivan was what we needed. We arrived at Toyota if Hackensack and a manager set us up with Miriam, a sales associate. Miriam showed us new and used Siennas. After a few hours, we were too overwhelmed with information and decided to go home to think on it. Miriam did not pressure us, instead reassured us she understood it's a big decision and to take our time. We returned the next day and Miriam spent even more time helping us pick the perfect vehicle for us. We left a deposit and returned Monday for delivery. The process was smooth, the car is beautiful. A delivery specialist, Dan, went over the car with us. We are beyond grateful for Miriam's help and the rest of the staff at Toyota of Hackensack.

Zakir Ali
Zakir Ali
GOOGLE
1-1-2020
Full Star Full Star Full Star Full Star Full Star

New car

hcerrati516
CARS
12-31-2019
Full Star Full Star Full Star Full Star Full Star

Thanks so much to Miriam and Steve for the personal and helpful service you provided. This is my second purchase from Toyota of Hackensack, but certainly not my last.

Buy Lease

sarah8329
CARS
12-31-2019
Full Star Full Star Full Star Full Star Full Star

We go to dealer to get options for our Sienna lease. Miriam showed us different options and what's best for us. We end up buying our own car. Easy process. Thanks.

안호진
안호진
GOOGLE
12-28-2019
Full Star Full Star Full Star Full Star Full Star

good people

Hothan Mitchell
Hothan Mitchell
GOOGLE
12-27-2019
Full Star Full Star Full Star Full Star Full Star

Purchasing a New Vehicle

PCICCHELLA
CARS
12-27-2019
Full Star Full Star Full Star Full Star Full Star

Miriam was the only person that reached out to me when my lease was almost ready to expire. She was friendly and courteous and made the entire process go very smoothly. Miriam was also easy to talk to and negotiate with. And most important she was very knowledgeable about the vehicle and other important details. I would absolutely recommend family or friends to her.

Lupita S-O'Brien
Lupita S-O'Brien
GOOGLE
12-25-2019
Full Star Full Star Full Star Full Star Full Star

Miriam was extremely helpful in finding the SUV that was right for us. Negotiations at the end were also done professionally, without any underhanded price changes or forceful sales tactics. She was wonderful and we would definitely buy a vehicle from her again. Note that even if you pay cash (certified bank check), at the very end the Finance mgr. will make you sign & initial about 30 minutes worth of electronic documents. Then you will be asked for your social if the transaction is over 10K since the government requires it. And lastly he will attempt to sell you an extended warranty. Its an unplanned extra that you may or may not really want. Otherwise a very pleasant transaction.

Lupita O.
Lupita O.
YELP
12-25-2019
Full Star Full Star Full Star Full Star Full Star

Miriam was extremely helpful in finding the SUV that was right for us. Negotiations at the end were also done professionally, without any underhanded price changes or forceful sales tactics. She was wonderful and we would definitely buy a vehicle from her again. Note that even if you pay cash (certified bank check), at the very end the Finance mgr. will make you sign & initial about 30 minutes worth of electronic documents. Then you will be asked for your social if the transaction is over 10K since the government requires it. And lastly he will attempt to sell you an extended warranty. Its an unplanned extra that you may or may not really want. Otherwise a very pleasant transaction.

Best car buying experience all due to sales rep. Miriam Shan

Lupita
CARS
12-25-2019
Full Star Full Star Full Star Full Star Full Star

Miriam was extremely helpful in finding the SUV that was right for us. Negotiations at the end were also done professionally, without any underhanded price changes or forceful sales tactics. She was wonderful and we would definitely buy a vehicle from her again.

Read More