Lease Returns

Toyota Lease Returns

As your lease term nears its conclusion, it's time to explore your next steps. Whether you're considering upgrading to a new Toyota, deciding to keep your current vehicle, or preparing to return your lease, Toyota of Grapevine is here to support you every step of the way.

Option 1: Upgrade to a New Toyota

At the end of your lease, you have an exciting chance to transition to the latest Toyota models. By trading in your current vehicle, you can seamlessly upgrade to a brand-new car.

Benefits of Leasing Again:

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

• Reduced Maintenance Costs: Many leases include maintenance plans, minimizing unexpected expenses.

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

Option 2: Purchase Your Current Vehicle

If you've developed a connection with your Toyota and want to keep it, buying your lease vehicle could be a smart choice. Here's what to consider before deciding:

Is Buying Out Your Lease the Right Move?

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

• Market Value: Compare the vehicle's current market value to understand its resale potential.

• Financial Considerations: Assess the total cost of ownership, including the buyout price, interest, and depreciation, to determine if it's financially beneficial.

Option 3: Return Your Lease

If you're ready to move on from your Toyota, returning your lease is a straightforward process.

Pre-Return Inspection:

• Schedule in Advance: Arrange an inspection a few weeks before your lease ends.

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

• What to Expect: The inspection ensures the vehicle meets the terms of your lease agreement.

Finalizing the Return and Applicable Fees:

When returning your Toyota, bring these items with you: your original lease agreement, all vehicle keys, the owner's manual, maintenance records, and any included accessories.

• Mileage Overages: Exceeding the agreed mileage may result in per-mile charges.

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

• Disposition Fee: Covers administrative costs associated with processing your lease return.

As your lease concludes, choose the option that best aligns with your needs. Upgrading keeps you in the newest models, purchasing offers continuity and ownership, while returning your lease is a simple, hassle-free process.

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