Lease Return Options

Toyota Lease Returns

As your lease term nears its conclusion, it's time to weigh your next steps. Whether you're thinking of upgrading to a new Toyota, keeping your current vehicle, or simply returning your lease, Seminole Toyota is here to make the process seamless.

Option 1: Upgrade to a New Toyota

End-of-lease time is the perfect opportunity to explore the latest Toyota models. By trading in your current vehicle, you can enjoy an easy transition to a brand-new car.

Why Lease Again?

• Access the Latest Models: Stay up-to-date with the newest Toyota features and technology.

• Lower Maintenance Costs: Many leases include maintenance plans, reducing unexpected expenses.

• Potentially Lower Monthly Payments: Depending on your terms and eligibility, a new lease could mean similar or lower payments.

Option 2: Purchase Your Current Toyota

Love your Toyota? Keep it! Purchasing your lease vehicle allows you to continue enjoying it long-term. Before deciding, consider these key factors:

Is Buying Out Your Lease a Smart Choice?

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

• Market Value: Compare the buyout price to the vehicle's current market value.

• Financial Implications: Factor in the total cost of ownership, including the buyout price, interest, and depreciation.

Option 3: Return Your Lease

If you're ready to move on, returning your Toyota is straightforward and hassle-free.

Pre-Return Inspection:

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

• Process: A representative will check for excess wear or damage inside and out.

• Expectations: The inspection ensures your vehicle aligns with your lease agreement terms.

Finalizing the Return:

When returning your Toyota, bring these items:

• Original lease agreement

• All sets of keys

• Owner's manual

• Maintenance records

• Any accessories that came with the vehicle

Possible Charges:

• Mileage Overages: You may be charged per mile for exceeding your mileage limit.

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

• Disposition Fee: This covers administrative costs for processing your lease return.

As your lease ends, take time to consider your next move. Whether it's upgrading to a new Toyota, keeping your current one, or returning your lease, each option offers distinct benefits.

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