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Sunday, November 18, 2018

What to Do When Your Toyota Lease Ends


Here at Bell Road Toyota, we know that some drivers don't want to finance a car. For certain folks, a lease works out better for them. But what do you do at the end of a lease? Fortunately, we can help you prepare for your lease to end and decide what you want to do once your time with your current car is done.

Before you evaluate your options and check out our selection of new Toyota models, you should take a closer look at your lease agreement a few months before it ends. You signed it a while back, so you may not remember all of the details. Have you gone over mileage limits? Is there a disposition fee, essentially a cost to trade the car back in, and can it be waived? Check out the lease-end value and the residual value, which is what you'll pay if you decide to buy the car when your lease is up.

Once you've done some research, it's time to go over your lease end options. You can renew your lease on your vehicle and drive it for a little while longer. If you enjoy your car, but don't want to buy it just yet, that could be a good option for you. You can also decide to purchase your vehicle outright.

Some drivers who prefer to lease do so because they want to have the latest technology and safety features at their disposal. If you're one of those drivers, you can choose to trade in your car and lease a newer model. You could take advantage of one of our Black Friday deals and drive off in a new model like the 2019 Toyota Camry today!

So whether you want to stick with your current car or plan to try something new, visit our Toyota dealership near Scottsdale, AZ when your lease is done. We'll help you find a car, truck, or SUV that will serve you well for years to come. We hope to see you soon!

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