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

"Exceptional Job"

DiNAP56
DEALERRATER
4-6-2020
Full Star Full Star Full Star Full Star Full Star

Joe H and the team did an exceptional job servicing my 2019 4Runner (especially under the current circumstances). They kept me updated on the status and completed the job timely. Nice job!

"Very satisfied with the services provided by Tyrone..."

TOPNOTCHCLAUDE
DEALERRATER
4-4-2020
Full Star Full Star Full Star Full Star Full Star

Very satisfied with the services provided by Tyrone Muñoz. Very helpful and convenient to my needs. I would highly recommend him and the whole staff at this location.

It was great. Waiting time is not too long. My car is...

GONZALES.JOSEPH
CARS
4-3-2020
Full Star Full Star Full Star Full Star Full Star

It was great. Waiting time is not too long. My car is good to go in an hour. I will get back for my next service.

"It was great. Waiting time is not too long. My car is..."

GONZALES.JOSEPH
DEALERRATER
4-3-2020
Full Star Full Star Full Star Full Star Full Star

It was great. Waiting time is not too long. My car is good to go in an hour. I will get back for my next service.

"great dealership"

MamaB
DEALERRATER
4-1-2020
Full Star Full Star Full Star Full Star Full Star

we love toyota of hackensack- this is our 4th vehicle from them- sales/service is always pleasant and easy- we will continue to shop there -----------------------------------------

great dealership

MamaB
CARS
4-1-2020
Full Star Full Star Full Star Full Star Full Star

we love toyota of hackensack- this is our 4th vehicle from them- sales/service is always pleasant and easy- we will continue to shop there -----------------------------------------

"Toyota of Hackensack has always provided excellent..."

SLIMER415
DEALERRATER
3-30-2020
Full Star Full Star Full Star Full Star Full Star

Toyota of Hackensack has always provided excellent Customer service! 4 vehicles serviced there and never an issue! They have great structure and great employees! Definitely worth the time and I wouldn’t take my Toyota anywhere else.

Toyota of Hackensack has always provided excellent...

SLIMER415
CARS
3-30-2020
Full Star Full Star Full Star Full Star Full Star

Toyota of Hackensack has always provided excellent Customer service! 4 vehicles serviced there and never an issue! They have great structure and great employees! Definitely worth the time and I wouldn't take my Toyota anywhere else.

"It was a great service experience. The staff was helpful,..."

DMATASSA102
DEALERRATER
3-29-2020
Full Star Full Star Full Star Full Star Full Star

It was a great service experience. The staff was helpful, courteous, fast, and professional. I have been getting my vehicle serviced here for years and will continue to do so.

It was a great service experience. The staff was helpful,...

DMATASSA102
CARS
3-29-2020
Full Star Full Star Full Star Full Star Full Star

It was a great service experience. The staff was helpful, courteous, fast, and professional. I have been getting my vehicle serviced here for years and will continue to do so.

Joe and his colleagues were all excellent in providing...

Dean
CARS
3-28-2020
Full Star Full Star Full Star Full Star Full Star

Joe and his colleagues were all excellent in providing service to my Corolla. Consistently, outstanding in providing customer service. Highly recommended To my friends a colleagues

"Joe and his colleagues were all excellent in providing..."

Dean
DEALERRATER
3-28-2020
Full Star Full Star Full Star Full Star Full Star

Joe and his colleagues were all excellent in providing service to my Corolla. Consistently, outstanding in providing customer service. Highly recommended To my friends a colleagues

Fast and polite Drew was on point. Brought in 3 cars in a...

JOSHBINN1967
CARS
3-27-2020
Full Star Full Star Full Star Full Star Full Star

Fast and polite Drew was on point. Brought in 3 cars in a week ankle were done well. Customer seems to come first. Well done.

"Fast and polite Drew was on point. Brought in 3 cars in a..."

JOSHBINN1967
DEALERRATER
3-27-2020
Full Star Full Star Full Star Full Star Full Star

Fast and polite Drew was on point. Brought in 3 cars in a week ankle were done well. Customer seems to come first. Well done.

Great service as always and quick turn in and out. Great...

BOBOMIS69
CARS
3-26-2020
Full Star Full Star Full Star Full Star Full Star

Great service as always and quick turn in and out. Great discount technician did a great job even though the little personnel but you are a great group as always

"Great service as always and quick turn in and out. Great..."

BOBOMIS69
DEALERRATER
3-26-2020
Full Star Full Star Full Star Full Star Full Star

Great service as always and quick turn in and out. Great discount technician did a great job even though the little personnel but you are a great group as always

"Professional in every aspect."

DEPOALO575
DEALERRATER
3-24-2020
Full Star Full Star Full Star Full Star Full Star

I was told that the work would require approximately four hours to complete, and that was very accurate. The associate that I worked with was very informative, and took me through every step of the process in explaining the problem and the solution.

Professional in every aspect.

DEPOALO575
CARS
3-24-2020
Full Star Full Star Full Star Full Star Full Star

I was told that the work would require approximately four hours to complete, and that was very accurate. The associate that I worked with was very informative, and took me through every step of the process in explaining the problem and the solution.

Service at Toyota of Hackensack is always professional,...

IAUDITOR
CARS
3-22-2020
Full Star Full Star Full Star Full Star Full Star

Service at Toyota of Hackensack is always professional, prompt and reliable. Technicians always diagnose the issue right and do good work. Be sure to never change. Keep up the good work. Thanks for being there. See you next time.

Amazing experience. Miriam spoke to me over the phone and...

jelena parsons
CARS
3-22-2020
Full Star Full Star Full Star Full Star Full Star

Amazing experience. Miriam spoke to me over the phone and arranged everything. Once at the store Paul helped me pick out my car and gave me an amazing deal. Excellent service.

Good service friendly people .Perfect coupon for extra...

COREASROBERTO09
CARS
3-22-2020
Full Star Full Star Full Star Full Star Full Star

Good service friendly people .Perfect coupon for extra savings. Email me to remain me my schedule. Comfort waiting room clean area. Great time .fresh coffee 👍

Great service yesterday. Very friendly and with covid19...

DSDI123
CARS
3-22-2020
Full Star Full Star Full Star Full Star Full Star

Great service yesterday. Very friendly and with covid19 the guy was going around cleaning everything when someone e left or got up he cleaned the chair

"Service at Toyota of Hackensack is always professional,..."

IAUDITOR
DEALERRATER
3-22-2020
Full Star Full Star Full Star Full Star Full Star

Service at Toyota of Hackensack is always professional, prompt and reliable. Technicians always diagnose the issue right and do good work. Be sure to never change. Keep up the good work. Thanks for being there. See you next time.

"Good service friendly people .Perfect coupon for extra..."

COREASROBERTO09
DEALERRATER
3-22-2020
Full Star Full Star Full Star Full Star Full Star

Good service friendly people .Perfect coupon for extra savings. Email me to remain me my schedule. Comfort waiting room clean area. Great time .fresh coffee 👍

"Great service yesterday. Very friendly and with covid19..."

DSDI123
DEALERRATER
3-22-2020
Full Star Full Star Full Star Full Star Full Star

Great service yesterday. Very friendly and with covid19 the guy was going around cleaning everything when someone e left or got up he cleaned the chair

Great Service

SHWILSON853
CARS
3-20-2020
Full Star Full Star Full Star Full Star Full Star

I am always pleased with the customer service people I come in contact, always courteous and friendly. I've never have not been met with a smile and knowledgeable representative.

"Great Service"

SHWILSON853
DEALERRATER
3-20-2020
Full Star Full Star Full Star Full Star Full Star

I am always pleased with the customer service people I come in contact, always courteous and friendly. I've never have not been met with a smile and knowledgeable representative.

The services at Toyota of Hackensack as always was a...

SHAWNC760
CARS
3-19-2020
Full Star Full Star Full Star Full Star Empty Star

The services at Toyota of Hackensack as always was a pleasant one. The Service Advisor Mr.Wise was very patient and welcoming to every needs.

"The services at Toyota of Hackensack as always was a..."

SHAWNC760
DEALERRATER
3-19-2020
Full Star Full Star Full Star Full Star Empty Star

The services at Toyota of Hackensack as always was a pleasant one. The Service Advisor Mr.Wise was very patient and welcoming to every needs.

Shane Lewis
Shane Lewis
GOOGLE
3-18-2020
Full Star Full Star Full Star Full Star Full Star
Chester Lee
Chester Lee
GOOGLE
3-17-2020
Full Star Full Star Full Star Full Star Full Star

Everyone was pleasant and helpful! And the wait wasn't long. Enjoyed the hot chocolate and looking at the new models in the showroom. Minor complaint is that I waited to retrieve my car outside but no one drove it over. I had to go back inside to ask the staff and they immediately got my car for me. Question: can I order a car wash from you?

Car Sale Experience

MTNJAM114
CARS
3-17-2020
Full Star Full Star Full Star Full Star Full Star

We came down to Hackensack from upstate NY although there are tons of Toyota dealers in the Hudson Valley expecting a great deal. Excellent experience

Had a good experience purchasing my first car. Hackensack...

Paul Chung
CARS
3-16-2020
Full Star Full Star Full Star Full Star Full Star

Had a good experience purchasing my first car. Hackensack was my first stop and Miriam showed me a few cars and took me on a test drive. After two days shopping around, I decided to return to Hackensack because they had the biggest selection of Pre Owned Camrys and Miriam was easy to deal with. Ended up leaving with a new to me certified Camry that night.

Great experience

kate
CARS
3-15-2020
Full Star Full Star Full Star Full Star Full Star

I am very happy with the experience I had at Toyota of Hackensack. My salesperson, Miriam was excellent. Not only does she have a friendly, bubbly personality, but she is knowledgeable, efficient and extremely responsive. Every question I had was quickly answered. I would recommend this dealership!

"Wonderful Experience"

MONICAHUNTER0
DEALERRATER
3-14-2020
Full Star Full Star Full Star Full Star Empty Star

Multipoint Inspection,Tires - Rotate,Lube, Oil And Filter Change - 6 Cylinder (Synthetic),Floor Mat Inspection for my newly purchased used Lexus CT200h. I was driving home to Atlanta and wanted to ensure that all was well. They got me in quickly and made me feel confident to make an 800 mile trip. I only had to do back breaks and was able to get it back in a timely fashion.

Wonderful Experience

MONICAHUNTER0
CARS
3-14-2020
Full Star Full Star Full Star Full Star Empty Star

Multipoint Inspection,Tires - Rotate,Lube, Oil And Filter Change - 6 Cylinder (Synthetic),Floor Mat Inspection for my newly purchased used Lexus CT200h. I was driving home to Atlanta and wanted to ensure that all was well. They got me in quickly and made me feel confident to make an 800 mile trip. I only had to do back breaks and was able to get it back in a timely fashion.

A TRUE BLESSING

mirlande_chry
CARS
3-14-2020
Full Star Full Star Full Star Full Star Full Star

Hello Mr. Jose Alavardo and Michael the finance mgr was exceptional, they explained everything, they were so patience and knowledgeable. Love the service and the attention I received, Dealership show room was clean and tidy too. Toyota, Thank you

JAVIER CRIOLLO
JAVIER CRIOLLO
GOOGLE
3-13-2020
Full Star Full Star Full Star Full Star Full Star

service with a smile

PREMLATA52
CARS
3-12-2020
Full Star Full Star Full Star Full Star Full Star

I am very happy with the standard of Service of Toyota of Hackensack.....They take great pains and thoroughly examine the car to bring out the best in the car's performance......

" service with a smile"

PREMLATA52
DEALERRATER
3-12-2020
Full Star Full Star Full Star Full Star Full Star

I am very happy with the standard of Service of Toyota of Hackensack.....They take great pains and thoroughly examine the car to bring out the best in the car's performance......

Wes Van Heest
Wes Van Heest
GOOGLE
3-11-2020
Full Star Full Star Full Star Full Star Full Star

This service Dept runs smooth and efficient, feels modern and clean, and the staff are polite and patient. I live closer to a different dealer but the trip is worth it.

Ana Mayers gave me superior five star service for my...

Dani
CARS
3-11-2020
Full Star Full Star Full Star Full Star Full Star

Ana Mayers gave me superior five star service for my first time experience in leasing a car. Thank you so much for everything. You are amazing.

Good service overall. Disappointed in the car wash; door...

ELEMENTOFEARTH2
CARS
3-11-2020
Full Star Full Star Full Star Empty Star Empty Star

Good service overall. Disappointed in the car wash; door windows filled with water stains. I have to now clean the windows again. Not very happy.

"Good service overall. Disappointed in the car wash; door..."

ELEMENTOFEARTH2
DEALERRATER
3-11-2020
Full Star Full Star Full Star Empty Star Empty Star

Good service overall. Disappointed in the car wash; door windows filled with water stains. I have to now clean the windows again. Not very happy.

Harold Caraballo
Harold Caraballo
GOOGLE
3-11-2020
Full Star Full Star Full Star Full Star Full Star

Excellent dealer, the best I've been to yet! I come from a big family. We own BMWs and Toyotas only. I've purchased several cars from that dealer and so have my siblings. They'll do anything to keep your business! When negotiating call their bluff! If you're not satisfied with the price, haggle down further or ask them to throw something else in, like extended warranty, otherwise walkout! They won't let you go as long as you're being reasonable and fair! Just keep negotiating! They don't want to lose you! The odds of a customer returning after they've left the dealer is less than 20% You should also try and shop at the end of the month. As the end of the month approaches they have to push certain cars out of the lot! You have the leverage and advantage, but you may have to settle for a color that's not your first choice and/or the like!

Dead battery ???

Janice
CARS
3-10-2020
Full Star Full Star Full Star Full Star Empty Star

This is my second Camry I purchased from your dealership. Never had a problem with my first Camry. I purchased a 2020 in late October which has 1000 miles on it at the present time. On Saturday when I went out to start my car, the battery was dead Had it jumped and brought it in for service. I believe I have a bad battery however the service dept. could not find anything wrong with the car. How can a battery go dead when it is only 4 months old. No lights were left on.

"Dead battery ???"

Janice
DEALERRATER
3-10-2020
Full Star Full Star Full Star Full Star Empty Star

This is my second Camry I purchased from your dealership. Never had a problem with my first Camry. I purchased a 2020 in late October which has 1000 miles on it at the present time. On Saturday when I went out to start my car, the battery was dead Had it jumped and brought it in for service. I believe I have a bad battery however the service dept. could not find anything wrong with the car. How can a battery go dead when it is only 4 months old. No lights were left on.

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