Toyota Lease End Options
Leasing a Toyota from Russ Darrow is a great way to enjoy the benefits of a new vehicle without the commitment of purchasing. Whether you are considering returning, extending, purchasing, or trading in your lease, understanding the options available is key to making a decision that will suit your needs. Here is a guide to what you can expect when your lease ends and how to avoid common mistakes.
Benefits of returning your lease
Russ Darrow Toyota makes the process of returning your vehicle smooth and stress free. Returning your lease offers several benefits such as being able to upgrade to the latest model, flexible financing if you want a new lease agreement, and no long-term commitment.
Purchasing your leased vehicle
If you have grown attached to your Toyota and would like to keep it purchasing your leased vehicle may be an option. You may be able to purchase your leased vehicle for the predetermined residual amount it is worth. Before signing your lease, the price of what the vehicle will be worth at the time of the lease end is determined based on estimated wear and tear, by purchasing your lease, you avoid additional fees by eliminating excess wear and tear charges. Since you already know cars history, maintenance record, and overall condition choosing ownership is a stress-free choice.
Extending Your Lease
If you’re not ready to purchase a new vehicle and want to keep your current Toyota, extending your lease is an option. Lease extensions provide more time to decide if you would like to purchase your current vehicle or lease a new one. You will also be able to continue driving your current Toyota with similar terms and ensure you have a reliable vehicle until you are ready for something new.
Trading in for a New Lease
Trading in your current lease for a new Toyota at Russ Darrow is a great way to stay up to date with the latest models and technology. You get great benefits like better lease terms if you qualify for a lower monthly payment or incentives, enhanced features like the latest safety technology and entertainment. Newer vehicles also often have less maintenance costs as they require fewer repairs and come with a manufacture warranty. If you think trading in your current lease for a new one may be the right option for you, contact us for expert guidance so you can feel confident in your decision.
Mistakes to Avoid When Your Lease Ends
It’s important to avoid common pitfalls that could complicate the transition to a new vehicle or cost you extra money, some mistakes to watch out for are exciding mileage limits, ignoring wear and tear, waiting too long to explore options, and skipping the pre return inspection. If you go over the agreed mileage or cause excess wear and tear to the vehicle you may run into unexpected charges, it’s important to be mindful of your lease terms and consider buying the vehicle if you have gone significantly over your allowed milage or caused excess wear to the vehicle. A pre return inspection will help you understand any potential charges and will give you time to address any minor repairs and avoid extra charges.
Explore your lease options at Russ Darrow Toyota
Whether you are ready to return, purchase, extend, or trade your lease, Russ Darrow Toyota offer expert guidance to help you make an informed decision. Contact us to discuss the options available so you can drive away in a Toyota that fits your lifestyle and budget.