Buy vs Lease near Elkton, MD

Buy vs Lease near Elkton, MD

We'll Find a Plan Perfect for You!

Searching for a new vehicle that suits your needs with a payment plan to match can feel like a difficult task if you don’t know where to start. If you’re having trouble, let the team at Newark ToyotaWorld lend a helping hand. Investing in something as significant as a car comes with more than just looking for something that you like, but we would like to assure that we will do what it takes for you to walk away with an end result you’re happy with.

Financing vs Leasing

There are two routes you can take, but it all depends on what you expect your future to hold. If you’re looking for a vehicle that’s in it for the long haul, financing is your best option. With financing, our team will break up the sticker price of your vehicle of choice into monthly affordable payments, which you will make until it’s yours to own. If you like a little more flexibility, leasing is the route for you. Leasing allows you to borrow the car from us for a few years and for a set amount of miles. Since you aren’t paying to own, your payments derive from the anticipated amount of depreciation it will endure while it’s in your possession. When your contract ends, you can either lease a new model or purchase the vehicle at its lowered value.

Used Vehicles

Now that you know how easy it is to get a vehicle, let our navigable site guide you through the wide selection of new and used vehicles on our lot. As always, if you’re looking to save a little extra cash, we recommend checking out everything under our Pre-Owned tab. There, you’ll find used Toyotas, Hondas, Hyundais, and even a Lexus or two! You can also go through our Certified and One-Owner filters to ensure you’re choosing the best bang for your buck. You can even narrow your search by mileage and fuel economy as well.

New Vehicles

If you want a fresh start, check out the expansive selection of Toyotas under our New Inventory tab. There, you will find the best of our best with just about every new Toyota you can imagine. Looking to hit the trails with your buddies? We carry 4Runners, Highlanders, and even Land Cruisers for optimum space. Do you prefer something a little more eco-friendly? Our Prius and Highlander Hybrid collection are undoubtedly fan-favorites. Aside from specific models, you can filter through our side tabs for specifics such as body style, engine, exterior color, seating capacity, and much more.

Trying to decide between whether to buy vs lease near Elkton, MD? Let the Finance Department of Newark ToyotaWorld help you find the right route to take. Feel free to visit us during our open hours!


Contact Information


Sales Hours

(302) 565-4161
Monday 9:00 am - 9:00 pm
Tuesday 9:00 am - 9:00 pm
Wednesday 9:00 am - 9:00 pm
Thursday 9:00 am - 9:00 pm
Friday 9:00 am - 5:00 pm
Saturday 9:00 am - 5:00 pm
Sunday 11:00 am - 4:00 pm

Testimonials

Donald McGinty
GOOGLE
11-18-2019
Full Star Full Star Full Star Full Star Full Star

My 200k mile truck had a few issues and was going to take some time but Dave worked with me to prioritize the immediate repairs and fit the work within my schedule and budget. He also called Yokohama to substantiate my tire warranty claim. Dave was great to work with and I will certainly be back within 6 months for my next service

K Garrison
GOOGLE
11-18-2019
Full Star Full Star Full Star Full Star Full Star

Brought my Toyota Camry in for service. The staff is always very nice and professional. My vehicle was finished on time and they provided a car service so I didn't have to stay and wait. Wonderful service! I would definitely recommend Newark ToyotaWorld.

Camille Hamilton
GOOGLE
11-17-2019
Full Star Full Star Full Star Full Star Full Star

Friendly experience. All questions answered thoroughly. Was able to get all the work I needed done to my car without hassle. Dave Furguson was very kind and helpful.

Chuck B
GOOGLE
11-16-2019
Full Star Full Star Full Star Full Star Full Star

Had a small problem with a tire with a slow leak. Service fit me in on short notice and discovered a screw buried in the tire. Had a replacement within 24 hours. Thanks.

801johnw
GOOGLE
11-16-2019
Full Star Full Star Full Star Full Star Full Star

Arrived for my 20k check-up and was taken right away. No waiting around. Decided to hang out and wait, enjoying free coffee, and clean comfortable waiting lobby. Bill Chaffee treats me like a valued family member, showing that Toyota wants the best service experience for me every time I come in.

Kelly Barrett
GOOGLE
11-16-2019
Full Star Full Star Full Star Full Star Full Star

Came in on a whim and met with Matt Vento. He was awesome to deal with! Was a down to earth honest guy and kept me in the loop with the whole process! Will recommend him to my family and friends.

Ellen Mayer
GOOGLE
11-14-2019
Full Star Full Star Full Star Full Star Full Star

Couldn't have been easier or more pleasant!

Peter Glover
GOOGLE
11-14-2019
Full Star Full Star Full Star Full Star Full Star

Great service

Charles Duncan
GOOGLE
11-13-2019
Full Star Full Star Full Star Full Star Full Star
varsha patel
GOOGLE
11-13-2019
Full Star Full Star Full Star Full Star Empty Star

Great Service..

Kalpen Modi
GOOGLE
11-12-2019
Full Star Full Star Full Star Full Star Full Star
Anne Ciskanik
GOOGLE
11-12-2019
Full Star Full Star Full Star Full Star Full Star

Quick and excellent service. Went to get my permanent tags, and they threw in a car wash, did a general checkup, and topped off the oil and wiper fluid.

Taniece Johnson
GOOGLE
11-12-2019
Full Star Full Star Full Star Full Star Full Star

Matt Payne was my sales person, He was very nice a helpful. He answred every question i had and made the buying experience a great one.

Yogesh M. Chaudhary
GOOGLE
11-12-2019
Full Star Full Star Full Star Full Star Full Star

It is very good experience and service received

Robin Richeson
GOOGLE
11-10-2019
Full Star Full Star Full Star Full Star Full Star

very helpful in an emergency situation, comfortable waiting area.

Anthony Pastorella
GOOGLE
11-9-2019
Full Star Full Star Full Star Full Star Full Star

BEST TOYOTA DEALER IN THE TRI-STATE AREA. THE SALE STAFF IS VERY KNOWLEDGEABLE AND FRIENDLY. VERY HELPFUL DURING THE SALES PROCESS AND DELIVERY. WE BE BACK FOR MY NEXT NEW VEHICLE. FOR OVER THE PAST SIX YEARS YEARS THEY BEEN HIT IT OUT OF THE PARK!

Lois Tanzilli
GOOGLE
11-8-2019
Full Star Full Star Full Star Full Star Full Star

Came for an evaluation of peeling on my Toyota Corello wheel covers. Was explained that they must have been painted in the past and not prepped properly. Probably painted to hide scratches. New quote for total replacement was given. Tech was very knowledgeable and personable.

Jackie Lewis-Garway
GOOGLE
11-7-2019
Full Star Full Star Full Star Full Star Full Star

The service Team at Toyota World are are polite. Thanks for servicing my Toyota Yaris on a short notice.

Brenna Lamson
GOOGLE
11-6-2019
Full Star Full Star Full Star Full Star Empty Star

I met with Dave who helped me diagnose the noise coming from the air vent. He was extremely friendly and made sure to explain what the next steps were and how the issue was fixed once the problem was found. It was a little pricey - although I did agree to pay the initial payment of $120 for the diagnostic and an hour of labor up front, it seemed like a lot just to have a mouse removed from the air vent.

Gunay Ozturk
GOOGLE
11-6-2019
Full Star Full Star Full Star Full Star Full Star

Dave Ferguson is very polite and helpful. He is a great asset for Toyota. He goes above and beyond for great customer experience.

Vikesh chauhan
GOOGLE
11-6-2019
Full Star Full Star Full Star Full Star Full Star
Jenny Darden
GOOGLE
11-6-2019
Full Star Full Star Full Star Full Star Full Star

Excellent service. Fast, easy, and super friendly. Thank you!

Wayne Weaver
GOOGLE
11-6-2019
Full Star Full Star Full Star Full Star Full Star

As usual another great service experience with Cheryl.

Marianne Payne
GOOGLE
11-5-2019
Full Star Full Star Full Star Full Star Full Star

Recently purchased a Toyota Forerunner from Newark Toyota World. Matt Vento made the experience absolutely amazing. He was so friendly and easy going. I trusted him instantly and knew i was in good hands. He went above and beyond to make sure i got the best deal possible. I am recommending him to all my friends.

Willie Santiago
GOOGLE
11-4-2019
Full Star Full Star Full Star Full Star Full Star

I had a nice afternoon visit at this dealership working with sales person Eric Mosely who did a great job of facilitating the trade in of my old RAV4 and the purchase of my new RAV4. I am very happy that I stopped by to meet with Mr. Mosely.

John Frett
GOOGLE
11-3-2019
Full Star Full Star Full Star Full Star Full Star
Ann Moore
GOOGLE
11-2-2019
Full Star Full Star Full Star Full Star Full Star

I had a really easy , quick and reasonably priced service . . . nice service crew , too !

Al Grant
GOOGLE
11-1-2019
Full Star Full Star Full Star Full Star Full Star

Always professional. No pressure maintenance advice given during service visites.

Brian Warshaw
GOOGLE
11-1-2019
Full Star Full Star Full Star Full Star Full Star

NTW treated us great when we first moved to Delaware. We needed a car, but we weren’t in the best financial situation. We left with a 2007 Corolla that was an excellent vehicle up till we had to trade it in for our family van. Fast forward to a few days ago: I’m changing jobs, need a commuter. We went back, and other than the new building and some different faces, it felt just like our first trip 12 years ago. Excellent service, helpful, patient staff, and at the end of the night, we left with a beautiful 2016 Corolla. To top it all off, their service department is absolutely stellar. So glad to be back in the NTW family!

Zachary Miller
GOOGLE
11-1-2019
Full Star Full Star Full Star Full Star Full Star

Bought my first Toyota (Tundra) in September and I love it. My salesman, Elias Herrera, was awesome. He answered all my questions and went above and beyond to make sure my truck purchasing experience was perfect. I will definitely be back and I’m recommending all my friends and family to purchase their next vehicle from Elias at Newark ToyotaWorld.

vince halliday
GOOGLE
10-30-2019
Full Star Full Star Full Star Full Star Full Star

I dealt with Ajay which was a refreshing change there was none of the usual car salesmans garbage pitch , I told him what i was interested in and we test drove them . Upon that Ajay advised me to which one i should get and i am glad listened to him as it was the right choice .

"Great Service "

Reggie Jefferson
DEALERRATER
10-30-2019
Full Star Full Star Full Star Full Star Full Star

Dave Ferguson was the service manager who helped me on Saturday. This is the second time he has assisted on my behalf when I have taken one of my vehicles in for maintenance care. He kept me informed on the progress of the work being done. Dave also took the time to explain everything at the end of my visit.

Chan Lee Pow
GOOGLE
11-13-2019
Full Star Full Star Full Star Full Star Full Star

My team for outstanding service, courtesy and good information

Ian Eisiminger
GOOGLE
10-29-2019
Full Star Full Star Full Star Full Star Full Star

Matt Vento was awesome in helping my brother and I purchasing a car. He made the experience calm and easy.

chantel moulton
GOOGLE
10-28-2019
Full Star Full Star Full Star Full Star Full Star

Luis Lopez was a great advisor and explained everything to me during my appointment. This is my first time owning a Toyota and so far its been a good experience.

xiaohang zhao
GOOGLE
10-28-2019
Full Star Full Star Full Star Full Star Full Star
Rob T
GOOGLE
10-27-2019
Full Star Full Star Full Star Full Star Full Star

If your looking for a great deal on a Toyota then stop by Newark Toyota and ask for Ajay, you will see a line of Customer's at his desk because he gets alot of referral because he is very good at getting you into a new Toyota and he gives you a great deal. I purchased a new Corolla and tocoma OFFROAD from Ajay. He takes the fear and stress out of car buying and walks you through everything step by step and is very honest and gets you everything for a great price. When my family and friends are in the market I would recommend Ajay and they will be happy. Thanks Ajay for showing me I can trust a car salesman and I do consider you a friend. Thanks brother. Oh first time dealing with David from finance and he was great he didn't try to sell me anything I really didn't need.

Samarth Joshi
GOOGLE
10-27-2019
Full Star Full Star Full Star Full Star Full Star

AWESOME CUSTOMER EXPERIENCE. Thank you Dave

Joe Sitarik
GOOGLE
10-27-2019
Full Star Full Star Full Star Full Star Full Star

Absolute quality work. Well worth the cost. For an outstanding customer experience, get Bill Chaffee.

Carmen Negron
GOOGLE
10-27-2019
Full Star Full Star Full Star Full Star Full Star

Staff is always friendly and very informative. Taylor printed out several tire options in which I will be purchasing my next visit. Thank You Taylor!

Great Service

Reggie Jefferson
CARS
10-27-2019
Full Star Full Star Full Star Full Star Full Star

Dave Ferguson was the service manager who helped me on Saturday. This is the second time he has assisted on my behalf when I have taken one of my vehicles in for maintenance care. He kept me informed on the progress of the work being done. Dave also took the time to explain everything at the end of my visit.

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Dealership Information