Lease Return Options

Toyota Lease Returns

As your lease term nears its end, it's the perfect time to explore your next steps. Whether you're thinking of upgrading to a new Toyota, keeping your current vehicle, or preparing to return your lease, Vandergriff Toyota is here to help make the process seamless.

Option 1: Upgrade to a New Vehicle

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

Benefits of Leasing Again:

• Access to the Latest Models: Enjoy Toyota's newest features and advanced technology.

• Lower Maintenance Costs: Many leases include maintenance plans to reduce your expenses.

• Potentially Lower Monthly Payments: Depending on your eligibility and terms, you could have comparable or even lower payments with a new lease.

Option 2: Purchase Your Current Vehicle

If you've grown attached to your Toyota, buying out your lease is a fantastic choice. Before deciding, consider the following factors:

Is Buying Out Your Lease the Right Move?

• Vehicle Condition: Evaluate wear, mileage, and any repair needs.

• Market Value: Check the current market value to gauge its resale potential.

• Financial Considerations: Assess the total cost of ownership, including the buyout price, interest, and depreciation.

Option 3: Return Your Lease

If you're ready to move on, the lease return process is simple and stress-free.

Pre-Return Inspection

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

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

• What to Expect: Your car's condition will be assessed per the terms of your lease agreement.

Finalizing the Return and Potential Fees

When returning your Toyota, bring these items:

• Your original lease agreement

• All vehicle keys

• The owner's manual

• Maintenance records

• Any accessories included with the car

Be mindful of potential charges such as:

• Mileage Overages: Additional per-mile charges for exceeding the mileage limit.

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

• Disposition Fee: Covers the administrative costs of processing your lease return.

As your lease concludes, consider what suits your needs best. Upgrading to a new Toyota keeps you in the latest models, purchasing your current vehicle offers the comfort of continuity, and returning your lease provides a hassle-free option.

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