Tuesday, August 21, 2012

Leasing vs. Buying

  Should you lease or buy your next car? It depends. Sure, approximately 80 percent of auto consumers either pay cash or finance their purchase with a loan, but the other one-fifth of intrepid consumers willing to forgo ownership for a new set of wheels and the short-term benefits that leasing providesPerhaps you're self-employed and can write off your leasing payment as a business expense. Sometimes you're trying to get into a luxury model for less upfront cash. Or maybe you demand the latest safety and technology innovations and don't want to be saddled with a 60-84 month loan term. Maybe you just like driving a new car every couple of years.





  "The question you have to ask yourself is, 'Is there a special reason I need a new car every few years?' " says Art Spinella, president of CNW Marketing Research in Bandon, Ore. "For most consumers, the answer is no. Leasing has dropped in popularity recently. This is due mainly to the low interest rates and incentives offered by the manufacturers.
  Lessees also don't have to worry about owning a depreciating asset or dealing with hefty repair bills. At the end of the lease term — assuming they've kept the car in good condition and stayed within prescribed mileage limits — they can simply turn in the car and walk away. Imagine...no more negative equity! 



  These benefits come with a price as well, namely you will ultimately pay for that convenience insofar as you'll eventually need to purchase or lease another car at the end of your current lease. Perhaps that is still the main reason that the majority (80%) still purchase their vehicles. If you like the latest technology and looks though leasing just might be the ticket for you.




Either way, come into Toyota Scion Bountiful and we will be happy to explain all your options when it comes to the decision as to buy or lease your next new Toyota or Scion.




  Cars.com offers a loan vs. lease calculator. You can see the difference leasing can make on your payments.



Friday, August 17, 2012

Change is Good...

  Change is good, it is inevitable, but it also brings forth the unknown. People tend to fear the unknown. We should embrace our fears as they make us blossom and grow. The Toyota dealership in Bountiful was started by Bill Johnson who advertised himself via the trademarked "the last of the little guys". the dealership grew in popularity and size and eventually took on Dodge as well. The dealership grew in size and stature to become one of the "big guys". Almost 60 years later the landmark still exists....just changed.

  Enter Performance Automotive Network, one of the largest dealer groups in Ohio. The owner, Mike Dever has an affinity for our beautiful state and spends a lot of time here so he purchased Menlove last year and transformed it into one of the premier Toyota dealerships in the Intermountain West. It didn't take long for the owner, along with General Manager Kirk Bengtzen, to move the needle forward in terms of commitment to customer service. The first year in business and only 11 months to qualify Toyota Bountiful was awarded the prestigious Presidents Award, an honor that is won only through superior customer service. This award is only given to 20-30% of Toyota dealerships in the United States. We are proud to announce that we are on track to win it again!

  We have the highest rated Service Department in the region and is staffed by highly trained professionals. Our Parts Department is ready to accessorize your Toyota or Scion with factory parts as well. Our well trained Staff is ready to serve all of your automotive needs.


 Come and see why it is our commitment to put a smile on your face, Every Customer, Every Vehicle, Every Day!