Should I lease or buy a new 2027 Toyota 4Runner in Danvers, MA?
Lease a 2027 Toyota 4Runner if you want a new one every two to three years and can stay inside a mileage cap. Buy it if you plan to keep it for years, drive a lot or want to modify it. Ira Toyota of Danvers offers both: Toyota leases, typically 2 to 3 years, and new Toyota financing.
Keep reading below, then schedule a test drive in Danvers. Bringing your own numbers to the lot settles this faster than any spec sheet.
Lease a 4Runner to swap in 2 to 3 years; buy to keep it
Leasing suits the buyer who wants a new 4Runner every two to three years and is happy to return it. Our finance options cover Toyota leases and new Toyota financing. Leases are typically 2 to 3 years, and at lease end you can take a new lease, a buyout, or an extension.
Buying suits the buyer who plans to keep the truck for years. If you plan to lift, re-tire, roof-rack, or customize your 4Runner for camping and off-roading, ownership is required, because leased vehicles must be returned in stock condition. Buying also means no annual mileage cap and no excess wear-and-tear fees, which matters on a long commute around Massachusetts or a trip to northern New England.
What does a new 2027 Toyota 4Runner cost before you lease or buy?
The 2027 4Runner SR5 starts at $43,490 base MSRP, according to Toyota’s published 2027 4Runner trim pricing (BuyaToyota.com, 2027). The TRD Off-Road Premium with the i-FORCE MAX engine is listed at $59,460 on Toyota.com (Toyota.com, 2026), with SofTex-trimmed heated and ventilated front seats and a Multi-Terrain Monitor. Start with the trim you want, then compare the lease and loan on that exact price.
What sets your monthly payment on a 4Runner lease or loan?
Leasing typically features lower monthly payments than financing a purchase over a standard 48- to 60-month loan. A lease pays for the part of the vehicle you use rather than the whole price. A loan pays for all of it, so the monthly figure runs higher.
Ira Toyota of Danvers offers both. Bring the trim you want and compare the two payments on the same truck in one visit.
Who should skip leasing a 4Runner, and who should skip buying?
Skip the lease if you drive well past a standard annual allowance or you plan to modify the truck. Mileage caps often run 10,000 to 15,000 miles a year, with excess wear-and-tear fees, and leased vehicles must come back in stock condition.
Skip the purchase if you want a new truck every few years and do not want to sell or trade a paid-off vehicle. Buying means you carry the truck through its full life. Ask us which of your habits fits which path before you sign anything.
What do you pay, own and hand back with a 4Runner lease or loan?
A lease ends with one of three choices: a new lease, a buyout, or an extension. A loan ends with a truck you already own.
The payment calculator on our site lets you enter a trade-in offer amount, so you can see how a trade changes the monthly figure. You can submit a secure online finance application through the finance center. It is an application rather than a pre-approval, so treat it as the first step rather than a final approval.
Massachusetts taxes a motor vehicle lease through the lessor’s regular sales tax collection on the lease payments (Massachusetts Department of Revenue, 830 CMR 64H.25.1, Leases). Each lease payment is a taxed sale, so the tax is collected over the term rather than all at once.
What Massachusetts taxes and fees apply when you lease or buy a 4Runner?
Massachusetts sets the sales tax a buyer pays on a new vehicle and the tax rule for lease payments. Each is stated here at the state’s own figure.
Massachusetts charges a 6.25% sales tax when a registered motor vehicle dealer or lessor sells a vehicle, and the buyer owes it (Massachusetts Department of Revenue, Motor Vehicle and Trailer Sales and Use Tax guide, 2022). The same 6.25% applies to a new or a used vehicle bought from a registered dealer. The tax is due by the 20th day of the month following the purchase.
A normal Massachusetts passenger registration (plate type PAN) costs $60 and renews on a two-year cycle (Massachusetts Registry of Motor Vehicles, Schedule of Fees, 2025). The title application must be filed within 10 days of taking ownership.
How do you put your trade-in toward a new 4Runner lease or loan?
The payment calculator on our site takes a trade-in offer amount, so you can see the effect of a trade on your monthly payment before you visit. Enter the figure with your lease or loan terms and compare the result.
A trade-in is part of the lease or loan math. Ask the finance team to show the trade-in credit on both the lease and the loan, so the two options compare on the same terms.
FAQ
Can I keep my 4Runner after the lease ends?
Yes. At lease end, you can take a buyout, which keeps the truck at the price set in the lease. You can also take a new lease or an extension.
Is the online finance application at Ira Toyota of Danvers a pre-approval?
No. The secure online finance application is an application, not a pre-approval. Use it to start, then confirm the terms with the finance team.
How do I start shopping for a new 4Runner online with Ira Toyota of Danvers?
Start with the payment calculator and the finance application on our site. Enter a trade-in offer amount to see how it changes the payment, then bring your numbers to the store at 99B Andover St, Danvers, MA 01923.
What should I check before signing a 4Runner lease at any dealer?
Check the annual mileage cap, the wear-and-tear charges, the purchase option at lease end and the monthly payment.
How long do posted 4Runner lease and finance offers last?
Posted lease and finance offers carry an expiry date. Check the date on the offer before you plan your visit.
What warranty comes with a new 2027 Toyota 4Runner?
The 4Runner carries a basic warranty of 36 months/36,000 miles on all components other than normal wear and maintenance items. Its powertrain coverage runs 60 months/60,000 miles (Toyota Owners, Toyota Manuals and Warranties).
Can I book 4Runner service online in Danvers?
Yes. You can book a service appointment online with a scheduling tool that shows real-time availability.
Why lease or buy your 4Runner from Ira Toyota of Danvers?
You can find us at 99B Andover St in Danvers, MA 01923. We sell new Toyota vehicles, including the 4Runner and 4Runner i-FORCE MAX, and we also offer Toyota leases and new Toyota financing. A trade-in offer is valid for seven days or up to 250 miles.
As of October 2026, Google shows 4.4 stars across 7,339 reviews, and 76 in 100 of them are five-star. In a November 2025 5-star Google review, Laurie M. wrote: “My service advisor, Tom, explained everything to me and did a fine job. This was my first time at this particular Toyota dealership because I just moved to the area. I was very impressed with how quickly I was greeted and asked about my needs. It was a particularly busy day, but I did not mind how long it took. They arranged for an Uber to take me home while they did a thorough job checking on why the lights went on in my car. Tom called me twice, first to ask questions and second to tell me that my car was ready. I appreciate the service and I certainly will be back again. Thank you.”
Lease or buy, start at Ira Toyota of Danvers with the 4Runner you want, and compare both payments in one visit.
Ira Toyota of Danvers answers this question against the specific vehicle in front of you rather than the model in general. Value your trade and get pre-approved online, then see us at our Danvers showroom, or call (978) 363-6931.
Disclaimer: Vehicle features, specifications, pricing, options, and availability may vary based on production timelines and dealership inventory; images are for illustrative purposes only. Starting MSRP figures are national and exclude destination freight charges, tax, title, license, and dealer fees. Standard and available equipment varies by trim, configuration, and model year; confirm the specification of the individual vehicle before purchase. Maximum towing and payload ratings depend on cab, bed, drivetrain, and equipment configuration; see the vehicle’s Owner’s Manual and trailering guide for limits. Electric range and charging times vary with battery, configuration, temperature, terrain, load, and driving habits. Safety or driver assistance features are no substitute for the driver’s responsibility to operate the vehicle in a safe manner. Financing and pre-approval are subject to credit approval. Contact Ira Toyota of Danvers for complete details regarding current vehicle inventory, pricing, and equipment.
