Lease Return Options

Toyota Lease Returns

As your lease approaches its end, it's time to evaluate your next steps. Whether you're considering upgrading to a new Toyota, holding onto your current vehicle, or simply returning your lease, Joe Myers Toyota is here to support you every step of the way.

Option 1: Upgrade to a New Toyota

When your lease ends, you have the chance to experience the latest Toyota models. Trading in your current vehicle makes upgrading to a brand-new Toyota seamless and exciting.

Benefits of Leasing Again:

• Access to the Latest Models: Stay up-to-date with Toyota's cutting-edge features and technology.

• Lower Maintenance Costs: Many leases include maintenance plans, saving you money.

• Potentially Lower Payments: Depending on your eligibility and terms, you may enjoy similar or reduced monthly payments with a new lease.

Option 2: Purchase Your Current Toyota

Love your current Toyota? You can choose to buy it at the end of your lease. Before deciding, consider these key factors:

Is Buying Out Your Lease the Right Choice?

• Vehicle Condition: Check for wear, mileage, and any necessary repairs.

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

• Financial Considerations: Calculate total ownership costs, including the buyout amount, interest, and potential depreciation.

Option 3: Return Your Lease

If you're ready to say goodbye to your Toyota, the lease return process is easy and straightforward.

Pre-Return Inspection:

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

• Process: A representative will inspect your vehicle for wear and damage.

• What to Expect: The inspection will follow the terms outlined in your lease agreement.

Finalizing the Return:

Make sure to bring:

• Your original lease agreement

• All sets of keys

• Owner's manual and maintenance records

• Any accessories included at the start of the lease

Possible Charges to Consider:

• Mileage Overages: Fees may apply if you've exceeded the mileage limit.

• Excess Wear and Tear: Additional costs for damage beyond normal use.

• Disposition Fee: A standard fee to cover administrative lease return costs.

Choose What Works Best for You

As your lease concludes, decide what suits your lifestyle and budget. Upgrade to a new Toyota to enjoy the latest models, purchase your current vehicle for continued ownership, or return your lease with ease.

For more details on your lease-end options, reach out to us or visit the Toyota website today.