Financing a Vehicle with Fitzgerald Toyota Gaithersburg
Buying a new car is simple when you choose Fitzgerald Toyota Gaithersburg. Our financing department goes the extra mile to provide friendly and speedy assistance and will help you navigate your options here at our dealership in Gaithersburg. We can help you secure a loan for a new or pre-owned car, or help you lease a car and get you out on the road back home to Baltimore.
Buying and Leasing a Car
If you are weighing whether to buy or lease a vehicle, we are here to help. When you buy a vehicle, you own it, and you can use it however you like. Drive it off the lot and into your driveway in Arlington. Many people take out a loan from a lender, and then make a payment each month to pay it off. These payments are generally higher than a lease payment because you are paying off the price of the car, interest, taxes, fees, and finance charges. However, since you own the vehicle, there are no mileage or usage limitations, and you can customize it however you like, keep the car as long as you want, sell it, or trade it in for a different vehicle. If you sell it, you can keep that cash.
Leasing a vehicle, on the other hand, is renting a car for a protracted period. It is a fun way to drive a new car around Washington D.C. Every few years at the end of your lease, you return it, and you can trade it in for a different car. Monthly payments are lower since you are only paying for the car's depreciation during the term of the lease, plus some other charges. Leases usually have a mileage limit, which means if you go over that limit you will have to pay for it. If you like to take road trips, buying a car may be a better option, whereas leasing a car is a good choice if you need a car to commute around Alexandria. If you try to end your lease early you can be penalized. Sometimes, you can be bought out of a lease by a dealer, which would allow you to end your term early. If this is something you are interested in, make sure to ask about our Early Lease Trade-In program to see if you are the right fit.
Finance Your Car with Ease
Our dealership has relationships with many lenders and we are ready to help you find a quote that fits your budget. If you have an existing loan with us, we can help you refinance it as well. Start the process online or visit us in person.
