Buy vs Lease in Bakersfield, CA
After you’ve done the necessary research involved in springing for a new vehicle from us at Bill Wright Toyota, the next inquiry that might follow is if you should purchase or lease said model. Both of these contracts involve acquiring the car as a means to drive it through Bakersfield and its surrounding areas, but they differ in certain respects. We’ll delve into the finer details of each option in the guide below. Once you’ve drawn an educated conclusion as to which route works best for you, contact us for next steps!
Leasing
Seen as the more modern of the two vehicle acquisition processes, leasing involves borrowing a car for what is usually two to four years. At signing, you’ll choose the amount of miles you’re likely to drive on an annual basis. In return, you’re able to pilot a brimming model down Wible Road while paying off its projected monthly depreciation rate. Towards the end of your agreement, it’s important to start considering lease end options. These range from trading in the current model for a newer one, thus starting the leasing process anew. Conversely, another avenue to consider is to buy out the vehicle in exchange for its residual value. You’re also able to turn the keys back over to us and end the contract, provided that a lease-end inspection was performed prior.
Purchasing
The traditional route involves the transaction that takes place between us and yourself in exchange for a car to drive to work and James Park is, of course, buying it for its established retail value. You can do this at point-of-sale by paying for it in one lump sum or financing the amount over the course of what is normally four to seven years. Once you’ve reimbursed the final payment to the designated loaner, you’ll receive your title in the mail, indicating successful ownership of your car. From there, you can continue to drive it to and from Jastro Park or sell it back to us after having filled out some details about it using the Sell Us Your Vehicle form on our website!
Which Option Is Right for Me?
After having learned about the two major options of how to obtain a fresh Toyota car, the next order of conduct is to determine which means fits within your lifestyle and budget. Those in search of the cheaper plan in the short term, we recommend leasing. This is due to the fact that reimbursing its estimated depreciation rate will be considerably less than what you would pay for its sticker value on a month-to-month basis. Keep in mind that you are subject to yearly mileage allowances during that time frame, however, making it a less advantageous route for anyone who travels much further than 10,000 to 15,000 miles. These stipulations do not apply if you are buying the car, which is important to keep in mind when you’re speaking with our finance staff about the plan that is best fit for you!
What Are My Lease End Options?
- Continue leasing
- Purchase the vehicle
- End the contract
Dealership Information
Testimonials
“ Wonderful experience knowledge staff ”
“ 💯 good service from mechanic that service my Scion IQ 2013 and from the service department very attentive with the recommendation that my car needed. I had never service my Scion IQ since I bought it new back in 2013 only the oil change but no major repairs now that they did the recommendation service my car runs fast thanks ”
“ Fast and friendly!!! Will definitely recommend. We love the video that shows us the mechanic in real time doing the tire tread wear, he checked the breaks ans showed the air filters will the oil was draining. I really appreciate that! 👍👍👍 ”
“ Quick and easy everyone was very welcoming the building was very beautiful and clean and they work their butts off to make sure you leave with a car thank you bill wright toyota ”
“ From check in to check out I had a wonderful experience.your staff was fast and efficient. Napolean was very informative and helpful. Your shuttle driver was very kind and charismatic. Your team is like my Camry very reliable. I would definitely go back and looking forward to future visits when needed ”
“ Great service and customer service excellent!! Thank you I’ll definitely come back again ”
“ Great service and easy negotiation ”
“ Great venue, very attentive, good follow-up, accommodating. ”
“ I had a great experience overall. My salesman, Michael Lacey, took great care of me. Was very patient, answered all of my questions, provided great education, and was not pushy at all! I was very precise about the vehicle, the package and the color I wanted; Michael was able to get me exactly what I wanted in less than a week. ”
“ Was very impressed with the service, representative I believe his name was Thomas done a very good job and informing us of, overall inspections and recommendations and we had a very pleasant experience in a very clean faculty will for sure to go back makes us feel proud to be a Scion xB owner in a grt sort of way,, thanks for the hospitality and service will definitely be back ”
“ Purchased our vehicle in December 2020 and recently took it in for the first maintenance check. The service crew was great, quick and a positive experience overall! Took it in again because I had a screw in my tire...it was taken care of quickly and tbe service was great again. I was able to relax in their waiting area while I watched TV. I love this place and my Toyota. ”
“ Excellent job by Javier Hernandez and your professional automotive technicians. Thank you! ”
“ Had a great experience at Bill Wright Toyota! I needed to buyout the out of state lease on my Tacoma and Juan Almanza and the finance team went the extra mile to make it work. Definitely recommend! ”
“ As usual, the Service Dept got me right in and took care of my oil change quickly. I will continue to go to Bill Wright Toyota for service, as they do a quality job and make me feel important. ”
“ Great service from our friend Drew Winters!! ”
“ Always a good experience- Medka is very informative ”
“ Great service, with all the cars there i still feel as if I was taken care of and cared for. Appreciate the staff and their professionalism ”
“ Excellent service ”
“ My car was done in time it was expected. Javier is very professional and answered all my questions. ”
“ I had a service for my car at 25K miles and enjoyed my experience. Service was quick and efficient. I loved the video updates I received from the technician as they worked on my car! ”
“ Had a great experience at bill wright Rafael was my salesman he was very friendly and professional and wasn’t to pushy with trying to make the sale which led to me buying my new truck ”
“ (Translated by Google) Excellent service, the staff is very friendly from the person who greets you upon arrival until they deliver your car, not forgetting the people in the transport. (Original) Excelente servicio, el personal es muy amable desde quien te recibe al llegar hasta que te entregan tu auto sin olvidar a las personas del transporte. ”
“ Mike was great, didnt try to sell me anything extra. I felt appreciated. He was very knowledgable about the vehicle I was wanting. I also made them a few Toyota keychains on a 3d printer. ”
“ Nicole is the best!!! ”
“ I had a really good experience. I felt heard and understood. ”
“ Joe the salesman was so amazing with my last purchase I came back and can trust him not to take advantage ”
“ Outstanding service Chris was very helpful and took time to understand the problem to make sure it got fixed correctly.thanks for the great service ”
“ Great service team ”
“ Fast and friendly service from my advisor. She was great! Staff who checked in for appts, provided paperwork and returned keys, definitely need help with customer service. You get more personality from a vending machine. ”
“ Went in and proceeded to shotgun my credit without even agreeing on a price of a Camry, then over the phone the salesman was being vague about my credit and shotgunned it again to get me approved without my permission. ”
“ Can't even get them to answer a phone call during business hours. It just hangs up. ”
“ They have always been able to fixed any issue my truck has. Best customer service ever!!! Keep up the amazing service. ”