Buy vs Lease in Hiawatha, IA

We understand if you’re on the fence in regards to whether buying or leasing your next set of wheels is the best choice. To help you make a wise financial decision, we at Cedar Rapids Toyota would like to walk you through the basics of each avenue. If you have any further questions after reading this brief overview, contact our Finance Department!
Buying
We’ll kick things off by examining what is considered the traditional way of automotive acquisition—buying! When you take this path, you’ll be signing up for a contract that generally lasts between four to eight years, depending on the size of your loan, down payment, and the monthly rate you contribute. When you reach the end, the sedan, truck, minivan, SUV, or EV will become yours with no strings attached. That means you won’t have to make future car payments. The icing on the cake is the fact that you can pass it down to your teenager when they’re ready to take the wheel.
Leasing
Another route to get in the driver’s seat of your dream car is leasing. This method has certainly gained plenty of popularity over the years thanks to its affordability. Similar to borrowing, this type of agreement simply allows you to take temporary control of your vehicle of choice. Since you won’t be paying to own, you’ll only be on the hook for the expected depreciation, which will be based on the number of miles you drive over the length of your contract. Our team can help you come up with a mileage limit if you need assistance with that step. One hook that draws people to leasing is the fact that you’ll only have to commit to a two- to four-year plan, allowing for a greater degree of flexibility when it comes to what you’re driving.
Which is Right for You?
Now that you know some of the benefits of both buying and leasing, let’s talk about the type of person that stands to gain most from each plan. If you’re confident in your financial situation and seek the long-term benefits that come when you no longer have to make car payments, buying is right up your alley. However, this will inevitably lead to costlier repairs in the far future. That being said, the majority of these issues can be mitigated or avoided by routine maintenance. Folks who like more versatility will gravitate towards leasing. Additionally, individuals who aren’t sure what their needs will be in the near future should consider this type of agreement as well. That’s because it allows you to switch to a different vehicle far sooner. And if your budget is a concern, leasing is a bit more affordable than its counterpart.
The friendly representatives at Cedar Rapids Toyota are prepared to answer any questions about whether to buy vs lease in Hiawatha, IA. Contact us today!

Sales Hours
319-526-1133
| Monday | 8:30 am - 7:00 pm |
| Tuesday | 8:30 am - 6:00 pm |
| Wednesday | 8:30 am - 6:00 pm |
| Thursday | 8:30 am - 7:00 pm |
| Friday | 8:30 am - 6:00 pm |
| Saturday | 8:30 am - 5:00 pm |
| Sunday | Closed |
Dealership Information
Testimonials
“ I could go anywhere for this service but I love the people at CR Toyota and trust the service. ”
“ Excellent, fast service! ”
“ Always amazing! Have been for years. Won’t deal with anyone else! ”
“ Asked for help setting up blue tooth. They took the time to do this and answerd a few other questions. Thanks a lot.. ”
“ (Translated by Google) Excellent service, good attention (Original) Excelente servicio buena atención ”
“ Friendly staff in service drpt Got my car in and out with no issues. ”
“ Waiting lo by is really cool ”
“ Warranty work done super fast. They told me 90 minutes and they got it done in 30. Really like working with Danielle ”
“ A+ service ”
“ 5 star man ”
“ Good, quick service experience today. The treats in the lobby were the best! ”
“ Customer service was great!! Job was done sooner than I expected. ”
“ Jon and his service team are great to work with! I would highly recommend them to anyone even if they don’t own a Toyota vehicle. Great people to work with! Thanks again… ”
“ Great service. Friendly customer service ”
“ No issues. Work was done sooner than promised even though I didn't have an oil change appointment, and cost was reasonable. Advice on other issues was also welcomed as I have found this shop to be trustworthy over the years. ”
“ Used the quick lube service. Quick and much needed replacement of wiper blades. Great service as usual. ”
“ I will always take my Tacoma to the Toyota dealership; convenient, easy in and out, comfortable and clean areas, while you wait. ”
“ Cedar Rapids Toyota is an excellent company. Great people. ”
“ Very little wait time. Great snacks! My routine appointment was well worth the time. Very courteous and knowledgeable staff. ”
“ They take care of my van, waiting never takes too long and I’m greeted when I arrive. Thanks! ”
“ Got in and out in 45min with every taken care of. Great job. ”
“ Very friendly people who provide excellent service. ”
“ I had a good experience buying a car there 13 years ago and they help me keep it running still today. ”
“ Representative was very knowledgeable about the issues I came in for. Although nothing can be done to fix the issues it was good to know it is just the way this model year is. ”
“ 11:30 appointment. At noon, I am told the car has not even been taken in yet and everyone will be going to lunch soon and probably won’t be looked at for a while. I go home. Get a call at 2 o’clock telling me my car is ready to be picked up. And all that time, all they did is run diagnostic to tell me it’s something they can’t do. Given my keys back, pay $100 for the diagnostic and told my car is in the side lot. No it’s not. Good thing I saw my car as I pulled in otherwise I would have been wandering looking for it. ”
“ I wouldnt recommend getting your car worked on for anything at this place. They print out a check list & act like theyve checked out everything on your car thats on the list but havent looked at anything. I wouldnt even trust the techs to do a simple oil change honestly. The people working at the desks are rude and mostly miserable. If you hate your job & what you do just get a different one. Spend your money somewhere else these people dont care about getting your car fixed correctly. ”
“ I had a 3 o’clock appointment I checked in with the guy when I pulled into the garage. He told me to go sit down. They’d let me know when it’s done an hour and a half later. They finally come to get me to tell me it was done they did not communicate with anybody that I was there. I was so upset. I will never do business with Cedar Rapids Toyota again their service department as far as I am concerned, is the worst I have ever seen. ”

Close
“ Had a great experience. The desk representative I had was nice. I always stick to the guys on the right side of the room. I did the quick lube and was in and out in 45 min or less. Thank you! ”