Lease Return Options

Toyota Lease Returns

As your lease term draws to a close, it's the perfect time to explore your options. Whether you're considering an upgrade to a new Toyota, deciding to purchase your current vehicle, or preparing to return your lease, Crown Toyota is here to make the process simple and stress-free.

Option 1: Upgrade to a New Toyota

When your lease ends, you have the exciting opportunity to step into the latest Toyota models. Trading in your current vehicle allows for a seamless transition to a brand-new car.

Why Lease Again?

• Access to the Latest Models: Enjoy cutting-edge Toyota features and technology.

• Lower Maintenance Costs: Many leases include maintenance plans to reduce out-of-pocket expenses.

• Potentially Lower Payments: Depending on your terms and eligibility, you may qualify for lower monthly payments.

Option 2: Purchase Your Current Vehicle

If you've grown attached to your Toyota, buying out your lease might be the right choice. Before deciding, consider these key factors:

Is Buying Your Lease a Good Fit?

• Vehicle Condition: Assess its wear, mileage, and any potential repairs.

• Market Value: Compare your vehicle's market value to its buyout price.

• Financial Considerations: Account for total ownership costs, including the buyout price, interest, and depreciation.

Option 3: Return Your Lease

If you're ready to part ways with your Toyota, the lease return process is straightforward.

Pre-Return Inspection

• Timing: Schedule an inspection a few weeks before your lease ends.

• Process: A representative will evaluate the vehicle for excess wear or damage.

• What to Expect: The inspector will ensure the vehicle meets the terms of your lease agreement.

Finalizing Your Return

When returning your vehicle, don't forget to bring:

Your original lease agreement

• All sets of keys

• The owner's manual

• Maintenance records

• Any accessories that came with the car

Potential Charges

• Mileage Overages: Exceeding the mileage limit may incur a per-mile fee.

• Excess Wear and Tear: Fees may apply for damage beyond normal wear.

• Disposition Fee: This fee covers administrative costs associated with processing your return.

As your lease term wraps up, choose the option that best fits your needs. Upgrading to a new Toyota lets you enjoy the latest models, purchasing your current vehicle offers continuity, and returning your lease is a hassle-free way to move forward.

For more information on lease-end options, contact us or visit the Toyota website.