Frequently Asked Questions About Toyota Lease Returns
What Are my Options at the End of my Lease?
Shoppers near Carlsbad can choose one of three options for ease-end returns:
- End the lease and start a new financing/lease agreement with Carlsbad Toyota
- Purchase the current leased vehicle you drive
- End the lease and do business at another dealership
Most of our customers take one of the first two options.
Will I Be Contacted Before the Lease Ends?
Yes, you will get contacted by mail or email by Toyota Financial Services (TFS) who will go over with you the steps for lease-end return. You will receive instructions on the condition the vehicle should be in, as well as an Odometer Disclosure Statement and a checklist of items that must be in the vehicle when you return it.
What Happens if the Toyota gets Scratched/Dented?
While some wear and tear might be considered acceptable, you will be held responsible for any damage accumulated outside acceptable wear and tear. Your lease-end guide from TFS will tell you the appropriate measurements for dents, dings, and scratches, as well as the acceptable tire tread depth. Keep n mind that your leased Toyota should remain as close to its issued condition as possible, minus mileage accumulation.
What Should I Bring With me to the Turn-In Appointment?
If you leased your vehicle from another dealership, you will need to bring copies of your original lease contract. All lessees must have the Odometer Disclosure Statement sent to them by TFS along with any of the following items as applicable:
- Spare tire/toolkit (if included in car)
- All keys/sets (master, remote fob, valet keys, etc.)
- Owner's manual/maintenance schedule
- Original equipment included on vehicle when first leased- third-row bench seating, cargo cover, headrests, etc.
Can I Return my Lease Early?
Yes, although doing so may incur financial penalties. Each lease has a "maturation date" when it officially must be returned, but most lessees turn theirs in before maturation to account for any service/maintenance needs. We allow for a certain window for lease returns prior to lease maturation, but this window must not be exceeded. Turning over a lease contract may incur financial penalties for early termination.
Can I Buy the Toyota Lease?
Yes, in fact, we encourage shoppers to do so if they become attached to the car they lease, or exceed the mileage cap. You should have, or be able to make, an account with TFS and receive a quote on lease payoff. The cost of leasing only covers one percentage of the vehicle's total worth, so you will receive an estimate of the remaining cost of ownership. You may pay off this cost in one lump sum or work out a financing arrangement through TFS.
Visit Toyota Carlsbad Today
Whether you plan on leasing a new Toyota, buying your current car, or taking your business elsewhere, the place to begin is right here in Carlsbad, CA. Return your leased Toyota to Toyota Carlsbad and visit us to learn more today. If you have any additional questions, do not hesitate to contact us online or over the phone. We're proudly serving the Escondido and San Marcos, CA areas; we hope to hear from you soon!
