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How Do I Lease a Car?

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In the past few years, you may have noticed more and more friends and family members leasing cars here in the Danvers, Peabody, and Salem area. It's an increasingly popular option, though not all drivers understand how it works.

If you're wondering how to lease a new car, you'll want to check out this article by the Ira Toyota of Danvers team.

3 Simple Steps to Leasing a New Car

CarShopper

Leasing is a simple and cost-effective financing option that can be boiled down to three easy steps:

  • Make a small down payment (less than what you'd put down for a new car).
  • Select your lease term (which will then determine the cost of your monthly payments).
  • Enjoy your ride until the date of term expiration (followed by a hassle-free return).

When it comes to leasing vs. buying a vehicle, you'll notice that lease payments and down payments are much smaller. This is because, instead of paying for the car's full value, you're only paying for the depreciation that occurs during the years you have it.

What Are the Benefits of Leasing a Car?

One reason that leasing has become popular recently is that it comes with a lot of benefits-and we're not just talking about the lower payments!

  • You'll always have a newer car. After a few years, a car is bound to become a little outdated. However, with a lease, you can just trade in for something brand new when the vehicle starts to get old.
  • You don't have to worry about long-term commitment. Not all drivers want to be tethered to a single model for years and years. Fortunately, leases don't lock you in. You can try more models this way.
  • Depreciation isn't really a problem. When you buy a car, close to 20% of the value depreciates in the first year alone. That's essentially money lost. However, it's not something you need to be concerned about with a lease.

Our Team Can Help You Lease Your Next Car

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With so few steps involved, leasing a car is a pretty quick and simple process. This is especially true when you have a skilled team of finance professionals walking you through everything.

Our finance team will work with all customers, even those with bad credit. No matter what, there's an automotive solution just for you-and we want to help find it.

We Have Great Lease Deals & Incentives

You're already saving money on your lease, but we want to help sweeten the deal. That's why we tend to offer regular lease specials and incentives that can help you lower your monthly payments even further!

Find a New Car to Lease Today

Leasing sounds like a good deal, doesn't it? Now that you know how it's done, why not get started finding a great new car to lease here in Danvers, Peabody, and Salem? To do so, browse the Ira Toyota of Danvers inventory online today!

2019 Toyota Avalon Lease Deal

Offer 1 of 1
$392/month Lease Offer Get This Deal

2019 Toyota Avalon XLE 8-speed Automatic FWD (3544)

$392/month for 36 months with $2,999 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota C-HR Lease Deal

Offer 1 of 1
$189/month Lease Offer Get This Deal

2019 Toyota C-HR XLE Continuously Variable FWD (2404)

$189/month for 36 months with $2,999 due at signing. This includes $750 TFS Subvention Cash. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota Camry Lease Deal

Offer 1 of 2
$148/month Lease Offer Get This Deal

2019 Toyota Camry 2.5L 4-Cyl LE 8-speed Automatic FWD (2532)

$148/month for 36 months with $6,092 due at signing.

Stock #: KU189759. Model #: 2532, $25,568 MSRP, Lease For Only $148 per Month, with $4,799 Cap Cost Reduction, Plus 1st payment, Tax, Title, Registration, State Inspection, Acquisition fee & $495 Documentation Fee, Total Due At Lease Signing Is $6,092. Lease Is For 36 Months, 36,000 Total Miles, Zero Security Deposit. Cap Cost Is $23,786, On Approved Tier 1+ Credit, Expires 05/01/2019.

Dealer Doc Fee: $495
Show Details

2019 Toyota Camry Lease Deal

Offer 2 of 2
$219/month Lease Offer Get This Deal

2019 Toyota Camry 2.5L 4-Cyl LE 8-speed Automatic FWD (2532)

$219/month for 36 months with $2,999 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota Corolla Lease Deal

Offer 1 of 2
$109/month Lease Offer Get This Deal

2019 Toyota Corolla LE Continuously Variable FWD (1852)

$109/month for 36 months with $5,242 due at signing.

Stock #: KC195199. Model #: 1852, $20,180 MSRP, Lease For Only $109 per Month, with $4,999 Cap Cost Reduction, Plus 1st payment, Tax, Title, Registration, State Inspection, Acquisition fee & $495 Documentation Fee, Total Due At Lease Signing Is $5,242 which Includes $1,200 Lease Cash as Cap Reduction. Lease Is For 36 Months, 36,000 Total Miles, Zero Security Deposit. Cap Cost Is $19,004, On Approved Tier 1+ Credit, Expires 05/01/2019.

Dealer Doc Fee: $495
Show Details

2019 Toyota Corolla Lease Deal

Offer 2 of 2
$149/month Lease Offer Get This Deal

2019 Toyota Corolla LE Continuously Variable FWD (1852)

$149/month for 36 months with $2,999 due at signing. Offer includes $1,200 TFS Lease Subvention Cash. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota Corolla Hatchback Lease Deal

Offer 1 of 1
$181/month Lease Offer Get This Deal

2019 Toyota Corolla Hatchback SE Continuously Variable FWD (6272)

$181/month for 36 months with $2,999 due at signing. This includes $750 TFS Subvention Cash. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota Highlander Lease Deal

Offer 1 of 2
$287/month Lease Offer Get This Deal

2019 Toyota Highlander V6 XLE 8-speed Automatic AWD (6953)

$287/month for 36 months with $5,431 due at signing.

Stock #: KS927164. Model #: 6953, $42,119 MSRP, Lease For Only $287 per Month, with $3,999 Cap Cost Reduction, Plus 1st payment, Tax, Title, Registration, State Inspection, Acquisition fee & $495 Documentation Fee, Total Due At Lease Signing Is $5,431. Lease Is For 36 Months, 36,000 Total Miles, Zero Security Deposit. Cap Cost Is $39,040, On Approved Tier 1+ Credit, Expires 05/01/2019.

Dealer Doc Fee: $495
Show Details

2019 Toyota Highlander Lease Deal

Offer 2 of 2
$328/month Lease Offer Get This Deal

2019 Toyota Highlander V6 XLE 8-speed Automatic AWD (6953)

$328/month for 36 months with $3,199 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota Prius Lease Deal

Offer 1 of 1
$319/month Lease Offer Get This Deal

2019 Toyota Prius LE AWD-e Continuously Variable (1263)

$319/month for 36 months with $2,999 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota RAV4 Lease Deal

Offer 1 of 2
$172/month Lease Offer Get This Deal

2019 Toyota RAV4 LE 8-speed Automatic AWD (4432)

$172/month for 36 months with $5,316 due at signing.

Stock #: KD508189. Model #: 4432, $28,623 MSRP, Lease For Only $172 per Month, with $3,999 Cap Cost Reduction, Plus 1st payment, Tax, Title, Registration, State Inspection, Acquisition fee & $495 Documentation Fee, Total Due At Lease Signing Is $5,316. Lease Is For 36 Months, 36,000 Total Miles, Zero Security Deposit. Cap Cost Is $27,008, On Approved Tier 1+ Credit, Expires 05/01/2019.

Dealer Doc Fee: $495
Show Details

2019 Toyota RAV4 Lease Deal

Offer 2 of 2
$219/month Lease Offer Get This Deal

2019 Toyota RAV4 LE 8-speed Automatic AWD (4432)

$219/month for 36 months with $2,999 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota RAV4 Hybrid Lease Deal

Offer 1 of 1
$229/month Lease Offer Get This Deal

2019 Toyota RAV4 Hybrid LE Continuously Variable AWD (4435)

$229/month for 36 months with $2,999 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota Sienna Lease Deal

Offer 1 of 2
$408/month Lease Offer Get This Deal

2019 Toyota Sienna 7 Passenger LE 8-speed Automatic AWD (5366)

$408/month for 36 months with $2,999 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota Sienna Lease Deal

Offer 2 of 2
$376/month Lease Offer Get This Deal

2019 Toyota Sienna 8 Passenger LE 8-speed Automatic FWD (5338)

$376/month for 36 months with $2,999 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota Tacoma Double Cab Lease Deal

Offer 1 of 3
$256/month Lease Offer Get This Deal

2019 Toyota Tacoma Double Cab Double Cab, Automatic SR5 6-speed Automatic 4WD (7540)

$256/month for 36 months with $3,199 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota Tacoma Double Cab Lease Deal

Offer 2 of 3
$209/month Lease Offer Get This Deal

2019 Toyota Tacoma Double Cab Double Cab, Automatic SR5 6-speed Automatic 4WD (7540)

$209/month for 24 months with $3,199 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

2019 Toyota Tacoma Double Cab Lease Deal

Offer 3 of 3
$216/month Lease Offer Get This Deal

2019 Toyota Tacoma Double Cab Double Cab, Automatic SR5 6-speed Automatic 4WD (7540)

$216/month for 36 months with $5,360 due at signing.

Stock #: KM239263. Model #: 7540, $36,607 MSRP, Lease For Only $216 per Month, with $3,999 Cap Cost Reduction, Plus 1st payment, Tax, Title, Registration, State Inspection, Acquisition fee & $495 Documentation Fee, Total Due At Lease Signing Is $5,360. Lease Is For 36 Months, 36,000 Total Miles, Zero Security Deposit. Cap Cost Is $34,950, On Approved Tier 1+ Credit, Expires 05/01/2019.

Dealer Doc Fee: $495
Show Details

2019 Toyota Tundra Double Cab 4x4 Lease Deal

Offer 1 of 1
$389/month Lease Offer Get This Deal

2019 Toyota Tundra Double Cab 4x4 5.7L V8 SR5 6-speed Automatic 4WD (8341)

$389/month for 36 months with $2,999 due at signing. Adding options increases payment. Security Deposit is waived unless otherwise noted. Advertised price excludes tax, tag, registration, title, and dealer fee. This offer may not apply to this vehicle. On approved credit.
Expires April 30, 2019

Dealer Doc Fee: $495
Show Details

Sales

Monday - Thursday 9:00AM - 9:00PM
Friday 9:00AM - 7:00PM
Saturday 9:00AM - 7:00PM
Sunday 11:00AM - 5:00PM

Schedule Service

Monday - Thursday 6:00AM - 7:00PM
Friday 6:00AM - 5:30PM
Saturday 6:00AM - 5:30PM
Sunday Closed

Parts

Monday - Thursday 7:30AM - 7:00PM
Friday 7:30AM - 5:30PM
Saturday 6:00AM - 5:30PM
Sunday Closed

Ira Rental Department

105 Andover Street,
Danvers, MA 01923
(inside the Ira Collision Center)

Monday - Friday 7:00AM - 7:00PM
Saturday 8:00AM - 4:00PM
Sunday Closed

Ira Collision Center of Danvers

105 Andover Street,
Danvers, MA 01923

Monday - Friday 7:30AM - 6:00PM
Saturday 8:00AM - 1:00PM
Sunday Closed
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