1000 West I-20 Arlington, TX 76017
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.
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.
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.
If you've grown attached to your Toyota, buying out your lease is a fantastic choice. Before deciding, consider the following factors:
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.
If you're ready to move on, the lease return process is simple and stress-free.
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.
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
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.
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