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


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Dealership Information

Testimonials

"I always use Toyota of Hackensack for service. They..."

EMSHACK
DEALERRATER
7-3-2020
Full Star Full Star Full Star Full Star Full Star

I always use Toyota of Hackensack for service. They have a excellent reputation and the price is right. Staff are very helpful. I hope to use their service for many years to come.

"Bought Five cars from dealer in the last 20 years and..."

TERRI.MCFARLANE
DEALERRATER
7-3-2020
Full Star Full Star Full Star Full Star Full Star

Bought Five cars from dealer in the last 20 years and their service keeps improving. They practice safe distancing and 😷 mask wearing. The employees are nice.

"Too many steps to see service rep (3 people)Should be..."

B-ISRALSKY
DEALERRATER
7-3-2020
Full Star Full Star Full Star Empty Star Empty Star

Too many steps to see service rep (3 people) Should be just 2 people. Did not wash my car, Other dealership I didn’t have to ask! Nobody asked me. Otherwise ok... I would recommend, But with knowing about the above items.

"Fast & Friendly"

RRITZER
DEALERRATER
7-3-2020
Full Star Full Star Full Star Full Star Full Star

Everyone from the person with whom I made the appointment through to the cashier could not be nicer! Big difference from other dealer I used to go to.

"Consistently a very positive experience"

PAZZ
DEALERRATER
7-3-2020
Full Star Full Star Full Star Full Star Full Star

My recent service on July 2 was once again a very positive and seamless experience, from start to finish, including much-appreciated virus precautions during my drop-off and pick-up. These consistent results will keep this dealership top-of-mind for me when it is time to trade to another vehicle. I will gladly recommend this dealership to friends and family.

"Service"

NENENG18
DEALERRATER
7-3-2020
Full Star Full Star Full Star Full Star Full Star

The waiting is good and not long. The guy in service is nice and told me everything is okay with my car, and done that I can get the car outside

"Very professional."

Toyota Lover!
DEALERRATER
7-2-2020
Full Star Full Star Full Star Full Star Empty Star

Great customer service and workmanship. Would have given it 5 stars but... you just need to make sure that all reps that handle the cars when we drive into the bay have on a face mask when they approach our car to begin the check in process.

"knowledgeable, courteous staff, service done on time."

PALD1
DEALERRATER
7-2-2020
Full Star Full Star Full Star Full Star Full Star

Good, reliable staff. Convenient location. Job well done every time. The technicians are knowledgeable and do a clean reliable job! Keep up the good work! I highly recommend Toyota of Haversack.

Raul Lebron Jr
Raul Lebron Jr
GOOGLE
7-2-2020
Full Star Full Star Full Star Full Star Full Star

My salesman is Angel. Great service always. I've taken 4 four people and they've all purchased new cars. Tell him Raul sent you

Elinor J.
YELP
7-1-2020
Full Star Full Star Full Star Full Star Full Star

My son and I went to Hackensack Toyota to lease a RAV4 Hybrid and sell my Jeep. My salesperson Miriam was so helpful. I love my RAV4 Hybrid! Thank you for your help Miriam

Robinson Abreu
Robinson Abreu
GOOGLE
6-30-2020
Full Star Full Star Full Star Full Star Full Star

excellent costumer service very powerful tool for this...

robinsonabreu
CARS
6-30-2020
Full Star Full Star Full Star Full Star Full Star

excellent costumer service very powerful tool for this type of work i that's you very much for you service if I hope tha all you employed aren't going through the same process as again I and grateful for the opportunity

Personnel are always helpful. This is the 5th vehicle I...

Hartez25
CARS
6-30-2020
Full Star Full Star Full Star Full Star Full Star

Personnel are always helpful. This is the 5th vehicle I have with them and so far I have never had any issues. Highly recommend this dealership. Please ask for Ana Mayers, she was a great help when purchasing my last vehicle.

Ana made my first experience buying a car so much better!...

Thaliaandrade
CARS
6-29-2020
Full Star Full Star Full Star Full Star Full Star

Ana made my first experience buying a car so much better! She thoroughly explained everything and made sure we understood what we needed to know. Highly recommend her!

My son & I went to the dealership to lease a RAV4 Hybrid...

EL120
CARS
6-29-2020
Full Star Full Star Full Star Full Star Full Star

My son & I went to the dealership to lease a RAV4 Hybrid on Saturday. Our salesperson was Miriam and she was so helpful. I really love my RAV4 Hybrid! Thanks Miriam.

Our experience at Toyota of Hackensack was fabulous. All...

Highlander2020
CARS
6-29-2020
Full Star Full Star Full Star Full Star Full Star

Our experience at Toyota of Hackensack was fabulous. All employees were welcoming and knowledgeable and kept a safe distance. The process of leasing my car was easy and fast. Would highly recommend heading over for the best service and price. Ana was the best saleswoman to work with and on top of it all a very helpful man Daniel sat in my new car and explained each and every button I had questions on.

Linda Campbell
Linda Campbell
GOOGLE
6-29-2020
Full Star Full Star Full Star Full Star Full Star

"Brakes"

MIKEANDROSKI
DEALERRATER
6-28-2020
Full Star Full Star Full Star Full Star Empty Star

I had rear brakes on my 2008 Sienna done after a previous recommendation after a visit in May. The brakes were squeaking when we stopped the car.

"Great Service "

GALAXY999
DEALERRATER
6-28-2020
Full Star Full Star Full Star Full Star Empty Star

They explained what needs to be performed. It was completed within reasonable timeframe. One thing that I was disappointed with was that they couldn’t replace the air filter because the glove box couldn’t be opened. I would expect a dealer to fix this kind of problem easily, but they didn’t even suggest the solution.

"I always have excellent experience when I bring my car..."

TEODIEROMANO
DEALERRATER
6-28-2020
Full Star Full Star Full Star Full Star Full Star

I always have excellent experience when I bring my car for service and visit for any reason and last time was no exception . With everything that’s going on right now , the service that provided to me hasn’t changed . Excellent ! Everyone treated me with enthusiasm and professionalism . From beginning to end and in between . It’s always a pleasure and stress free . Thank you and keep up the great job . Team Toyota of Hackensack !!!

"This is the Best Dealership I have dealt with in my..."

TYRONE.CIPRIANI
DEALERRATER
6-28-2020
Full Star Full Star Full Star Full Star Full Star

This is the Best Dealership I have dealt with in my experience compared to others. I am always amazed with the service and the associates including their honesty, courtesy and Professionalism, I am yet to have a bad experience. Great Dealership to do Business with. Thank you!

Aure Flores
Aure Flores
GOOGLE
6-28-2020
Full Star Full Star Full Star Full Star Empty Star

Excellent service

THORAPB
CARS
6-27-2020
Full Star Full Star Full Star Full Star Full Star

Overall this dealership and people I have dealt with over the years have been great. They have consistently delivered the best of service and professionalism.

great

ncaes2004
CARS
6-27-2020
Full Star Full Star Full Star Full Star Full Star

Excellent services I would tell all my friends how friendly and great the staff is while picking or the maintenance of my car. The problem I had with my car was fix and it is working great. I hope to see you guys soon and thanks again for your service.

They make feel like family. They work with you to get...

jr026115
CARS
6-27-2020
Full Star Full Star Full Star Full Star Full Star

They make feel like family. They work with you to get you the car you want however the service dept could do better. I went back to get a inspection sticker since they gave me my car without one. The person said I need to go to the inspection center we don't that here. Really

"Excellent service"

THORAPB
DEALERRATER
6-27-2020
Full Star Full Star Full Star Full Star Full Star

Overall this dealership and people I have dealt with over the years have been great. They have consistently delivered the best of service and professionalism.

"Very professional, friendly and welcoming. It's not a..."

PODIDA
DEALERRATER
6-26-2020
Full Star Full Star Full Star Full Star Empty Star

Very professional, friendly and welcoming. It's not a very large dealership, so the staff have the time to treat each customer with the required care and dedication.

Janet Eyerman
Janet Eyerman
GOOGLE
6-26-2020
Full Star Full Star Full Star Full Star Full Star
eli Mariuma
eli Mariuma
GOOGLE
6-26-2020
Full Star Full Star Full Star Full Star Full Star

this is the best place to buy and also to get your car serviced. very professional and knowledgeable staff, welcomes you and takes care of all your issues with a smile. my favorite place to visit. i have been coming here since i moved to NJ, and highly recommend it. thank you for making service my car a good experience.

Edward Trinkleback
Edward Trinkleback
GOOGLE
6-26-2020
Full Star Full Star Full Star Full Star Full Star

Great place to shop. Easy negotiations and hassle free. I will definitely buy from them again!

"Despite pandemic service was performed promptly"

MEGAENG
DEALERRATER
6-26-2020
Full Star Full Star Full Star Full Star Empty Star

Over the past 8 years this dealership has always followed up on scheduled service/maintenance dates for the car and advised of any problems discovered which were promptly fixed. All interaction with service personnel was done in a very professional manner.

Despite pandemic service was performed promptly

MEGAENG
CARS
6-26-2020
Full Star Full Star Full Star Full Star Empty Star

Over the past 8 years this dealership has always followed up on scheduled service/maintenance dates for the car and advised of any problems discovered which were promptly fixed. All interaction with service personnel was done in a very professional manner.

Very professional, friendly and welcoming. It's not a...

PODIDA
CARS
6-26-2020
Full Star Full Star Full Star Full Star Empty Star

Very professional, friendly and welcoming. It's not a very large dealership, so the staff have the time to treat each customer with the required care and dedication.

"Always easy and quick."

Prius Owner since 2005
DEALERRATER
6-25-2020
Full Star Full Star Full Star Full Star Full Star

Although very occasionally curt at drop-off, the service people here are extremely competent, pleasant, informative, and careful. I always know my car is in good hands.

"perfect"

ippolito60
DEALERRATER
6-25-2020
Full Star Full Star Full Star Full Star Full Star

Excellent service. Respectful customer service. Made me feel like I was important. A very pleasant experience. Excellent covid 19 observation. I felt that my health was safe at the dealership.

pasquale pepe
pasquale pepe
GOOGLE
6-25-2020
Full Star Full Star Full Star Full Star Full Star

"Toyota lo mejor de lo mejor, en todos los..."

MARYOPINE
DEALERRATER
6-25-2020
Full Star Full Star Full Star Full Star Full Star

Toyota lo mejor de lo mejor, en todos los sentidos,recomendado cien por ciento por su buena atencion,amabilidad,sus lindos vehiculos,su informacion al pendiente de todo

"Friendly staff- very informative and concerned about..."

AROCCO123
DEALERRATER
6-25-2020
Full Star Full Star Full Star Full Star Empty Star

Friendly staff- very informative and concerned about meeting the customers concerns. Kept me very informed about the status of my car when it was being serviced

Ilya Lyubarsky
Ilya Lyubarsky
GOOGLE
6-25-2020
Full Star Full Star Full Star Full Star Full Star

"wait time "

FEFBOYRD
DEALERRATER
6-25-2020
Full Star Full Star Full Star Empty Star Empty Star

Dealership was satisfactory. Wait time to get the simple service performed was inordinately long. Result of having to wait to get permission to allow the service to be performed.

Shirley Lawson
Shirley Lawson
GOOGLE
6-25-2020
Full Star Full Star Full Star Full Star Empty Star

Terrific customer service.

This is a great place to get your vehicle.Toyota is a...

ALEIDA_DOMINGUEZ
CARS
6-25-2020
Full Star Full Star Full Star Full Star Full Star

This is a great place to get your vehicle. Toyota is a very good and secure vehicle. The people who work here in Hackensack are very pleasant and helpful.

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