Buy vs Lease near Cedar Rapids, IA
There are two paths available to acquiring the keys of a new vehicle at Cedar Rapids Toyota. Financing and leasing boast their own respective advantages, and your choice boils down to what will fit your lifestyle and driving needs better. Whether you’re new to the experience or a vetted professional, we’re here to supply a refresher course to help you take the plunge confidently. When you’re ready to iron out the details, feel free to visit our location near Cedar Rapids!
Buy
Starting with the more traditional route of taking home a vehicle, chances are you or someone you know has financed before. These contracts last four to seven years, and you’ll be paying off the full cost of the new or pre-owned model in that time. Since covering the sticker price up front is unrealistic, our team of financial advisors will use our strong ties with local lending institutions to help you secure a package that is tailored to your needs. Then, we’ll split up the amount over the foreseeable future, so you can slowly chip away at its value without breaking the bank. Keep in mind, we strongly suggest that your down payment is 20 percent of the purchase price. Doing so will allow you to access affordable interest rates and peak confidence on your trips down Route 151.
Leasing
On the other side of the spectrum, you reserve the right to lease your prospective car. Keep in mind that this route is only available to new models, so you won’t be able to secure a used car in this regard. These plans are skyrocketing in popularity, since they provide short-term flexibility. This is because your agreement will last between two and four years, and you’ll be covering the car’s depreciation during that time. This dollar amount isn’t the same for everyone, as it’s highly dependent on your yearly mileage. So, make sure you take your daily commutes, weekend adventures, and summer excursions into consideration before visiting our dealership with an approximate number. Best of all, you’ll have three options to pick from when your contract ends. If you want to stay on the cusp of what’s new, feel free to upgrade to a factory-fresh Toyota. If you have made too many memories in your RAV4 or Camry and can’t part ways, you’ll be able to pay off its remaining balance toward ownership. Or, if you determine leases aren’t meant for you, you can return the vehicle to us and close out your agreement with our Finance Department.
Finance Department
We understand that making a decision can be a difficult choice, and that’s precisely why our team of financial advisors is here to assist you from start to finish. When you arrive, we’ll go over your driving needs, future goals, and budgetary restrictions. This will allow us to determine whether a financing or leasing agreement would integrate into your lifestyle. Once we go over the details and you make your decision, we’ll proceed with the enrollment process. This consists of going over some details about yourself, a credit check, and determining a payment plan. If you’re comfortable with the logistics, you can sign on the dotted line and accept the keys! In the meantime, you can view what you’re able to afford with our online Payment Calculator.
Buying Advantages
Leasing Advantages
- Achieve ownership
- Easy loan approval
- Four to seven years
- Upgrade more frequently
- Payments based on depreciation
- Two to four years
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! ”