Toyota Tacomas have a reputation. Sure, it’s a mid-sized, light-duty pickup truck. But it’s one of the most rugged options in that category, and has been known to last years longer than other truck brands. But it does beg the question \u2013 should you lease a Tacoma or buy?<\/p>\n\n\n\n
If you prefer long-term vehicle ownership without ongoing payments, buying is ideal. Buying a Tacoma will save you money in the long run. However, leasing offers benefits like enjoying cutting-edge technology and features in a new Tacoma every few years.<\/strong><\/p>\n\n\n\n Fact is, Tacomas can last years longer than other brand trucks. Perhaps more importantly, they can do it without hassling you with maintenance issues.<\/p>\n\n\n\n So, if you’re contemplating whether to lease or buy Tacoma, you’re not alone. This decision has puzzled many drivers, and the answer is far from one-size-fits-all. <\/p>\n\n\n\n To assist you in this journey, we have dissected various aspects of the Toyota Tacoma ownership experience.<\/p>\n\n\n\n Let’s look at some of the most important things to think about when it comes time to decide to lease or buy a Toyota Tacoma.<\/p>\n\n\n\n When considering the choice between leasing Tacoma or buying one, take a moment to reflect on the following questions:<\/p>\n\n\n\n Firstly, evaluate how long you typically drive your vehicle. Leasing is often suitable for individuals who prefer to upgrade their vehicle every few years, while buying may be more suitable for those who plan to keep their Tacoma for an extended period.<\/p>\n\n\n\n Consider the number of miles you typically put on your vehicle each year. If you drive more than 25,000 miles annually, buying might be a better option since leasing often has mileage restrictions and excess mileage charges. <\/p>\n\n\n\n On the other hand, if you drive less than 15,000 miles per year, leasing could provide a more cost-effective solution.<\/p>\n\n\n\n Next, determine what you intend to do with your old vehicle when you decide to make a switch. Selling it privately allows you to potentially earn a higher price, while trading it in at a dealership offers convenience. Alternatively, you may choose to keep your old Tacoma and pass it down to a family member, preserving its value within your family.<\/p>\n\n\n\n Consider how you plan to pay for your new truck. If you prefer to finance your purchase, you can spread the payments over a period of time, making ownership more affordable. Alternatively, if you have the financial means, paying cash allows you to avoid monthly payments and potential interest charges.<\/p>\n\n\n\n Reflect on your interest in customizing your Tacoma’s appearance. If personalization and customization are important to you, owning the vehicle may offer more flexibility. When leasing, modifications are generally restricted to avoid potential conflicts when returning the leased vehicle.<\/p>\n\n\n\n Evaluate your feelings about truck warranties and the desire to maintain continuous coverage. Leasing often includes warranty coverage for the duration of the lease, providing peace of mind against unexpected repairs. If you prefer to have continuous coverage, buying the Tacoma and securing an extended warranty could be a suitable option.<\/p>\n\n\n\n Lastly, consider who you prefer to service your vehicle. Leasing often requires you to adhere to the manufacturer’s service requirements, typically serviced at authorized dealerships. If you have a trusted mechanic or service center that you prefer, buying might offer more flexibility in terms of where you can service your Tacoma.<\/p>\n\n\n\n By reflecting on these questions, you can align your preferences, driving habits, financial situation, and customization desires to make an informed decision between leasing or buying a Tacoma.<\/p>\n\n\n\n Here’s how your answers can play a role in deciding whether to lease Tacoma or it. <\/p>\n\n\n\n A study by iSeeCars revealed that Toyota<\/a> makes the top 5 cars that owners keep the longest, and the Tacoma ranks at #3<\/a>. People keep their Tacomas 1.9x longer than the average vehicle! <\/p>\n\n\n\n And that probably has something to do with its longevity. In fact, 11.6% of 15-year-old Tacomas are kept by their owners, with the average driver getting ten years out of the truck<\/a>. Whereas, most vehicles are kept for around eight years.<\/p>\n\n\n\n Now, just because you can keep a truck for a decade doesn’t mean you want to. If you like to have the newest features or prefer the feel of a new car, leasing can give you the option to switch things up every few years. You can even upgrade to a newer Tacoma. <\/p>\n\n\n\n You’re probably wondering how many miles a Tacoma can go without needing repairs, something that’s crucial to both lease and purchase decisions.<\/p>\n\n\n\n If you lease, a less durable vehicle may push you beyond what the dealer covers under normal wear and tear. And if you buy, you surely want to know if you’re going to be paying big bucks to keep your Tacoma on the road.<\/p>\n\n\n\n Here’s the deal. A well-maintained Tacoma can often reach the 200,000-mile mark without significant problems. That’s some major durability. <\/p>\n\n\n\n In fact, for the average driver who covers around 12,000 to 15,000 miles per year, it would take approximately 13 to 16 years to reach 200,000 miles. Making a strong case to purchase over leasing.<\/p>\n\n\n\n However, when Tacomas do need repair, they tend to be on the expensive side. <\/p>\n\n\n\n Obviously, this is all going to depend on the honesty of your mechanic, but according to CarEdge<\/a>, the 10-year total repair cost of a Tacoma is $6,420<\/strong>. <\/p>\n\n\n\n Sure it’s a lot, but a Tacoma is also less likely to need repairs for many miles. Just keep in mind that, despite it’s durability and good reputation, at some point the Tacoma will need some repairs.<\/p>\n\n\n\n However, a Tacoma lease may mean you may not ever have to pay for standard repairs.<\/p>\n\n\n\nAsk Yourself Some Questions<\/h2>\n\n\n\n
How Long You Typically Drive Your Vehicle<\/h3>\n\n\n\n
The Number of Miles You Tend to Put on it Each Year<\/h3>\n\n\n\n
What You do With Your Old Vehicle After You Decide to Make a Switch<\/h3>\n\n\n\n
How You Plan to Pay For Your Truck<\/h3>\n\n\n\n
Your Interest in Customizing Your Tacoma’s Appearance<\/h3>\n\n\n\n
Your Feelings About Truck Warranties<\/h2>\n\n\n\n
Who You Let Service Your Vehicle<\/h2>\n\n\n\n
How Long Do Drivers Keep Their Tacomas?<\/h2>\n\n\n\n
The Dependability of the Toyota Tacoma<\/h2>\n\n\n\n