Buy vs Lease near Cleveland, OH

Once you find the perfect Toyota for you and your family, you have to determine whether you would like to buy or lease said model. Neither option is better than the other, and they both boast plenty of benefits to take your driving experience to the next level. That is why we at Summit Toyota of Akron are here to let you know about both options so you can make a decision that positively impacts your finances. To learn more, swing by our Finance Department today!

Buying

Chances are that either you or someone you know have bought their vehicle for its full sticker price. Otherwise known as financing, taking this path allows you to achieve ownership by splitting up the full cost into manageable monthly contributions that you make over an extended period of time. Then, when you are ready to upgrade, you can use the model that you paid for as a trade in, or simply pass it down to your teen when they begin driving. The choice is totally up to you! If this sounds like path for you, go ahead and get the process started by mulling over the numbers through the Payment Calculator. This way, you can find out your interest rate and potential monthly payments. After that is taken care of, fill out our Finance Application to get some paperwork out of the way ahead of time.

Leasing

On the opposite side of the spectrum is the ability to lease the Toyota that you are keen on. This avenue is garnering more and more attention from drivers because of the leaps and bounds that are made in the auto industry each year. Since you will basically be borrowing your prospective set of wheels from us for a period of two to four years, you will have the ability to upgrade to these newer driving options the moment that your term is complete. And, you won’t have to pay nearly as much compared to the aforementioned route because you will only have to foot the bill for the vehicle’s depreciation. If you don’t feel like upgrading when your contract is finished, you can always hand in the keys and explore other options or purchase the ride for its remaining value if you have fallen in love.

Inventory

No matter which path you choose, you will still have a fantastic inventory to choose from when you shop with us at Summit Toyota of Akron. You can even get the ball rolling today when you head to the top of your screen and double-click the Inventory dropdown. After that is complete, you will promptly be sent to a screen that plays host to every model that is currently in stock. To help narrow your showing to a refined listing that pertains to your needs, simply toggle the filters on the left-hand side of your screen. Then, you can confirm the vehicle’s availability and give us a call at 234-312-0405 to schedule a test spin!

We hope we have filled you in with all of the details of whether to buy vs lease near Cleveland, OH. Come down to Summit Toyota of Akron today at 1535 Vernon Odom Boulevard in Akron, OH!


Contact Information


Buy vs Lease near Cleveland, OH

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Sales Hours

234-312-0405

Dealership Information

Testimonials

"Honesty, integrity, compassion, Dan Schrier treated us..."

Rich
DEALERRATER
4-4-2020
Full Star Full Star Full Star Full Star Full Star

Honesty, integrity, compassion, Dan Schrier treated us more like family than two people he just met. We left with a newer vehicle, less miles, and excellent condition. God bless you, Dan.

GuruPVMFN
GuruPVMFN
CARGURUS
4-3-2020
Full Star Full Star Full Star Full Star Empty Star

It was good .. very informit and helpful

"Treated poorly after buying two brand new Toyota's "

jasperboy
DEALERRATER
3-21-2020
Full Star Full Star Full Star Empty Star Empty Star

This will sound like sour grapes, so take it with a grain of salt. Over the past two years we purchased two brand new Toyota's from Summit, a 2018 Highlander Platinum and 2019 Highlander Limited. Both experiences with the same salesman were great so we returned to him buy a Certified RAV4. Initial visit was great, we test drove one to confirm it was what we wanted. We left to consider which trim and features we wanted, and also to decide what color we wanted. A week later I contacted the salesperson to indicate we wished to make an offer on a 2017 CPO that they had. I told him that we wished to buy from him and Summit, and made our offer. A few hours later he called to explain that he couldn't deviate off the posted price. I explained that both NADA and KBB the indicated it was higher than I should expect to pay for a CPO and provided examples of the same CPO make, model, trim with similar mileage (+/- 10k) at other dealers less. He stated that the price was the price, but offered us $100 less as we were such "good customers". Turns out the internet price came down the same $100 that day, so not sure just how "valued" we really are? That said I don't blame the salesperson as he was very professional throughout the process. I suspect he was given marching order from above and was simply carrying them out. I generally do what my boss directs me too do as well. We proceed to drive to Metro Toyota on Cleveland where we had a very pleasant experience. Although perfect strangers to Aaron, we were handed the keys to the vehicle we had selected and told to take it for a drive (no salesperson rode with us unlike at Summit). We returned satisfied that this was the correct vehicle, struck a satisfactory deal and bought the RAV4. (2017 CPO RAV4 Limited). Service at Summit has always been great, but don't believe I will be looking to them for the Tundra I plan to buy next year. Not sure what changed, but as far as I can tell there is no longer any negotiating at Summit? That would be okay if the prices were inline with the market, but from my experience they are not. Bottom line is that as always it pays to shop around. I wanted to be loyal but was given no incentive to do so. ***I might add that these visits were at the height of the Covid-19 situation and I would think that based on how few people were in the showrooms there might have been a greater incentive to secure the sale for the ones that were there?)***

"Everyone is professional. No pressure. John is a great..."

rmorrison1768
DEALERRATER
3-19-2020
Full Star Full Star Full Star Full Star Full Star

Everyone is professional. No pressure. John is a great guy to work with. He listens to his customers. He and the staff worked together to get the best deal for me. I appreciate the dedication to the customer and their needs. Great dealership.

Katie Weber
Katie Weber
GOOGLE
3-19-2020
Full Star Full Star Full Star Full Star Full Star

I recently purchased a used car from Summit Toyota and must say, I had an awesome experience. I dealt with Bob during the whole process, he is fantastic. I was upfront with my budget including down payment and how much a month I wanted to spend and Bob did not push for more than that I wanted. He was upfront, I never felt like I was being pushed or hassled. I would suggest Summit Toyota to anyone looking to purchase or lease a new or used car!

Everyone is professional. No pressure. John is a great...

rmorrison1768
CARS
3-19-2020
Full Star Full Star Full Star Full Star Full Star

Everyone is professional. No pressure. John is a great guy to work with. He listens to his customers. He and the staff worked together to get the best deal for me. I appreciate the dedication to the customer and their needs. Great dealership.

"Great experience at this dealership! Dan Schrier helped..."

Chloewillrich0
DEALERRATER
3-17-2020
Full Star Full Star Full Star Full Star Full Star

Great experience at this dealership! Dan Schrier helped me buy my first car!! Glad to have found my dream car at summit of Toyota thanks Dan!

Great experience at this dealership! Dan Schrier helped...

Chloewillrich0
CARS
3-17-2020
Full Star Full Star Full Star Full Star Full Star

Great experience at this dealership! Dan Schrier helped me buy my first car!! Glad to have found my dream car at summit of Toyota thanks Dan!

Jordan Gossett
Jordan Gossett
GOOGLE
3-14-2020
Full Star Full Star Full Star Full Star Full Star

I bought my car from Summit Toyota today from Todd Price! His customer service was exceptional! He's very personable, reassuring, helpful, and he not only made the process easy as pie but we had a blast! If you're in the market for a new vehicle I highly recommend going to see Todd Price at Summit Toyota of Akron!

"David Datsko is hands down the best salesperson that I..."

Paul Strange
DEALERRATER
3-11-2020
Full Star Full Star Full Star Full Star Full Star

David Datsko is hands down the best salesperson that I have ever dealt with, he is honest and true!!!! I told him exactly what I wanted and my budget and he came in under budget, the whole transaction was efficient and smooth. I highly recommend that you speak with Dave if you want the best possible deal that you can get! Paul Strange

"Really good service all employees where invested in..."

ATobias
DEALERRATER
3-11-2020
Full Star Full Star Full Star Full Star Full Star

Really good service all employees where invested in getting the right car that fits for me. Will definitely enjoy doing business with them in the future

Really good service all employees where invested in...

ATobias
CARS
3-11-2020
Full Star Full Star Full Star Full Star Full Star

Really good service all employees where invested in getting the right car that fits for me. Will definitely enjoy doing business with them in the future

David Datsko is hands down the best salesperson that I...

Paul Strange
CARS
3-11-2020
Full Star Full Star Full Star Full Star Full Star

David Datsko is hands down the best salesperson that I have ever dealt with, he is honest and true!!!! I told him exactly what I wanted and my budget and he came in under budget, the whole transaction was efficient and smooth. I highly recommend that you speak with Dave if you want the best possible deal that you can get! Paul Strange

Dan is the man!

oakleys
CARS
3-10-2020
Full Star Full Star Full Star Full Star Full Star

Dan Schrier was great. He was well prepared and on top of current market pricing. Dan is very knowledgeable of every product as well. He was able to walks us through every cool new function and every safety feature of our 2020 Camry.

"Dan is the man!"

oakleys
DEALERRATER
3-10-2020
Full Star Full Star Full Star Full Star Full Star

Dan Schrier was great. He was well prepared and on top of current market pricing. Dan is very knowledgeable of every product as well. He was able to walks us through every cool new function and every safety feature of our 2020 Camry.

Bobby Dillon
Bobby Dillon
GOOGLE
3-9-2020
Full Star Full Star Full Star Full Star Full Star

I bought my car 3 1/2 years ago from you guys, I love my car.

Dawn By
Dawn By
GOOGLE
3-8-2020
Full Star Full Star Full Star Full Star Empty Star

"The two men, Dan and Jamey, that my mom and I worked with..."

joannabeth2113
DEALERRATER
3-7-2020
Full Star Full Star Full Star Full Star Full Star

The two men, Dan and Jamey, that my mom and I worked with were great! They kept us laughing and made car buying fun! They also kept us talking by asking personal questions and relating to their own lives. 10/10

The two men, Dan and Jamey, that my mom and I worked with...

joannabeth2113
CARS
3-7-2020
Full Star Full Star Full Star Full Star Full Star

The two men, Dan and Jamey, that my mom and I worked with were great! They kept us laughing and made car buying fun! They also kept us talking by asking personal questions and relating to their own lives. 10/10

C Quinlan
C Quinlan
GOOGLE
3-3-2020
Full Star Full Star Full Star Full Star Full Star

I purchased a Sienna in 2017 and leased a Tacoma in 2020. Bob Watterson helped my wife and I with both vehicles. He was knowledgeable and fantastic to work with! There was no pressure and we felt that we received a fair deal. We would highly recommend and will be return customers. Their service department is also very helpful.

Ella Thorn
Ella Thorn
GOOGLE
3-3-2020
Full Star Full Star Full Star Full Star Full Star

Thanks Andrew for getting me in and out this am . I have had great service here and will be buying my next Toyota here!

"I purchased a Sienna in 2017 and leased a Tacoma in 2020...."

jcquinlan1
DEALERRATER
3-2-2020
Full Star Full Star Full Star Full Star Full Star

I purchased a Sienna in 2017 and leased a Tacoma in 2020. Bob Watterson helped my wife and I with both vehicles. He was knowledgeable and fantastic to work with! There was no pressure and we felt that we received a fair deal. We would highly recommend and will be return customers. Their service department is also very helpful.

I purchased a Sienna in 2017 and leased a Tacoma in 2020....

jcquinlan1
CARS
3-2-2020
Full Star Full Star Full Star Full Star Full Star

I purchased a Sienna in 2017 and leased a Tacoma in 2020. Bob Watterson helped my wife and I with both vehicles. He was knowledgeable and fantastic to work with! There was no pressure and we felt that we received a fair deal. We would highly recommend and will be return customers. Their service department is also very helpful.

tammy harmel
tammy harmel
GOOGLE
3-1-2020
Full Star Full Star Full Star Full Star Full Star

Thank you Bobby! You are a hard working guy. Ronnie and I appreciate all of your help with buying our new truck and dealing with our sarcasm!

Bruce Hall
Bruce Hall
GOOGLE
3-1-2020
Full Star Full Star Full Star Full Star Full Star

"Thank you Bob for all of your help. We would definitely..."

tammyharmel
DEALERRATER
3-1-2020
Full Star Full Star Full Star Full Star Full Star

Thank you Bob for all of your help. We would definitely recommend Summit to anyone vehicle shopping. Great experience- we love our new truck. Tammy and Ron Cunningham

Thank you Bob for all of your help. We would definitely...

tammyharmel
CARS
3-1-2020
Full Star Full Star Full Star Full Star Full Star

Thank you Bob for all of your help. We would definitely recommend Summit to anyone vehicle shopping. Great experience- we love our new truck. Tammy and Ron Cunningham

"First came to this dealership in 2003 or 2004. Just got..."

kirknmaria
DEALERRATER
2-29-2020
Full Star Full Star Full Star Full Star Full Star

First came to this dealership in 2003 or 2004. Just got my 6th leased vehicle. Bob always works to get me into a vehicle with a reasonable and affordable payment. Much appreciated.

"Dan was very professional, his no nonsense style very..."

bigadventure
DEALERRATER
2-29-2020
Full Star Full Star Full Star Full Star Full Star

Dan was very professional, his no nonsense style very refreshing. He truly wants you to get what you want, at a great price. I thought there would be game playing like at other dealers, but he didn’t play games. I don’t trust car salesmen, but after working this deal with him, I have a new opinion of car salesmen. Thank you Dan

Dan was very professional, his no nonsense style very...

bigadventure
CARS
2-29-2020
Full Star Full Star Full Star Full Star Full Star

Dan was very professional, his no nonsense style very refreshing. He truly wants you to get what you want, at a great price. I thought there would be game playing like at other dealers, but he didn't play games. I don't trust car salesmen, but after working this deal with him, I have a new opinion of car salesmen. Thank you Dan

First came to this dealership in 2003 or 2004. Just got...

kirknmaria
CARS
2-29-2020
Full Star Full Star Full Star Full Star Full Star

First came to this dealership in 2003 or 2004. Just got my 6th leased vehicle. Bob always works to get me into a vehicle with a reasonable and affordable payment. Much appreciated.

"Dan was great to work with! He helped us find and build..."

Rasmucker
DEALERRATER
2-28-2020
Full Star Full Star Full Star Full Star Full Star

Dan was great to work with! He helped us find and build the 4Runner we dreamed of. we was quick with responses to any questions we had. We are super excited for our new car.

Dan was great to work with! He helped us find and build...

Rasmucker
CARS
2-27-2020
Full Star Full Star Full Star Full Star Full Star

Dan was great to work with! He helped us find and build the 4Runner we dreamed of. we was quick with responses to any questions we had. We are super excited for our new car.

Jerry Cohen
Jerry Cohen
GOOGLE
2-17-2020
Full Star Full Star Full Star Full Star Full Star
Jeffrey Brown
Jeffrey Brown
GOOGLE
2-17-2020
Full Star Full Star Full Star Full Star Full Star

Honest, easy process. Ian Pfleiderer is a great salesman.

Alan Waddingham
Alan Waddingham
GOOGLE
2-15-2020
Full Star Full Star Full Star Full Star Empty Star

Dave was very knowledgeable and not a pushy sale-person.

Doris Dees
Doris Dees
GOOGLE
2-15-2020
Full Star Full Star Full Star Full Star Full Star
Steven Goetz
Steven Goetz
GOOGLE
2-15-2020
Full Star Full Star Full Star Full Star Full Star

John h was great to work with. no pressure and honest. great experience

Great help! Less painful than expected!

Ryan2142
CARS
2-12-2020
Full Star Full Star Full Star Full Star Full Star

I had been looking at vehicle options for months now, either lease or to purchase. Recently my vehicle gave me no choice but to find an alternative..and quick! I'm a busy professional, so time was essential. I spotted a deal online from a different Toyota Dealership, but as this was a Saturday at 5:20 PM, that one was closed, while Summit Toyota was open until 6. I hurried over and they were able to work with that deal. It was such a deal, they were able to "up-sell" me easily without me feeling bad about it in the least, and in fact the additional features are well worth the additional cost. John stayed with me and helped me through the process as a first time lessee, staying well past closing time to assist. John and his manager were also able to help so that I could leave with the vehicle and come back to finish the paperwork on the following Tuesday. I'm sure they were happy to close the sale, but they were also doing me a favor. Excited to drive around in my first brand new vehicle, a 2020 Tacoma!

"Great help! Less painful than expected!"

Ryan2142
DEALERRATER
2-12-2020
Full Star Full Star Full Star Full Star Full Star

I had been looking at vehicle options for months now, either lease or to purchase. Recently my vehicle gave me no choice but to find an alternative..and quick! I'm a busy professional, so time was essential. I spotted a deal online from a different Toyota Dealership, but as this was a Saturday at 5:20 PM, that one was closed, while Summit Toyota was open until 6. I hurried over and they were able to work with that deal. It was such a deal, they were able to "up-sell" me easily without me feeling bad about it in the least, and in fact the additional features are well worth the additional cost. John stayed with me and helped me through the process as a first time lessee, staying well past closing time to assist. John and his manager were also able to help so that I could leave with the vehicle and come back to finish the paperwork on the following Tuesday. I'm sure they were happy to close the sale, but they were also doing me a favor. Excited to drive around in my first brand new vehicle, a 2020 Tacoma!

Alex Markovic
Alex Markovic
GOOGLE
2-11-2020
Full Star Full Star Full Star Full Star Full Star
Hannah Wagner
Hannah Wagner
GOOGLE
2-11-2020
Full Star Full Star Full Star Full Star Full Star
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