Toyota End of Lease Option
End of Lease Options at Hamilton Toyota in Clovis, NM
Are you looking for some extra flexibility when you shop for a new vehicle to drive in Hereford, TX? At Hamilton Toyota, we make it easy for you to finance your ideal vehicle. When you finance a vehicle at our dealership, you can pay us a monthly fee to drive it for the duration of the leasing period. Here is what happens at the end of your lease.
End of Lease Timeline
- 90 Days: Three months before your lease ends, it is a good idea to select your end of lease option. This is a good time to browse our dealership's lease end options and decide which one of right for you. We make it easy for you to make the end of lease choice that is right for you.
- 60 Days: Your contract requires you to have your leased vehicle inspected before you return it to our dealership. It is a great idea to get the vehicle's inspection done two months before the end of the lease. Just bring the vehicle to the Hamilton Toyota Service Center. One of our expert, Toyota-certified technicians will inspect your vehicle and look for any wear or damage that might have occurred during the lease.
- 30 Days: Don't wait until the last second to schedule your turn-in appointment. A month before the lease ends, it is a good ideal to contact our dealership and set up the return appointment for the leased vehicle.
- Lease End: When your end of lease appointment arrives, you can bring your vehicle to our dealership. If you have had any repairs done to the vehicle during the lease, we ask that you provide repair receipts.
Can I return my leased Toyota to you even if I leased it somewhere else?
Yes, because we are an authorized retailer for Toyota Car Financial Services, we can take back your leased Toyota no matter where you leased it. Just bring a copy of your leasing contract and we can set the wheels in motion, working with you to fulfill all contract terms and helping you decide on your next steps
Your Toyota Lease End Options
When your lease ends, you have several options after you return the vehicle. One of the reasons so many people choose to lease vehicles to drive in Muleshoe, TX, is that leasing provides you with plenty of flexibility. Here are your end of lease options at our dealership.
Option One: Trade in Your Leased Vehicle for a New Model to Lease
Do you love the feeling of driving a new vehicle every few years? You can enjoy that experience when you trade in your leased vehicle and lease a new one. Trading in at the end of your lease lets you drive home in a brand-new Toyota vehicle, so you can always drive a vehicle with the latest tech features.
Option Two: Extend Your Lease
Do you need a bit more time to decide what you want to do at the end of your lease? In that case, you can contact our dealership and ask for an extension to your lease. We are happy to offer a limited extension to your lease so you can be sure to make the right decision for you.
Option Three: Buy Your Leased Vehicle
Do you really love the vehicle you have been leasing in Fort Sumner? If you don't want to return it, you don't have to. Instead, you can buy your leased vehicle and take ownership of it. The fact that leasing gives you the chance to buy your leased vehicle is one of the ways leasing provides you with plenty of financial flexibility.
Take a New Toyota Vehicle for a Test Drive, then Lease It
Are you ready to see which new Toyota vehicle you want to lease in Clovis, NM? Then visit Hamilton Toyota, browse our inventory, and take your Toyota vehicle of choice for a test drive. You can then work with the staff at our Finance Center to set up your lease deal. To schedule your test drive, contact us!
End of Lease Frequently Asked Questions
What happens when I turn in a leased Ford vehicle?
There is a process you carry out before returning your leased vehicle to Hamilton Toyota. You need to have the vehicle inspected before you return it. If the vehicle has incurred excess wear and tear during your lease, you will need to cover those expenses. You will then return the vehicle to our dealership.
How can I get out of a lease early if I want to?
If you want to end a lease before the agreed upon end of lease date, you will need to pay a lease termination fee. You can also check for an early termination clause in your lease contract, which will let you get out of the lease early without having to pay a fee.
Can I trade in my leased vehicle early for another vehicle?
Of course. However, doing so will incur an early termination fee. You will also need to cover any residual value based on depreciation and interest incurred for your vehicle.
Is leasing a better option for me than financing?
That depends on what you need financially. Leasing a vehicle lets you drive a brand-new Ford vehicle without having to take out a loan. Leasing also gives you multiple lease-end options, giving you further versatility. Leasing gives you to the chance to drive a brand-new Ford vehicle every few years. Leasing even gives you to chance to buy your leased vehicle when the lease ends, so you don't have to turn in your leased vehicle if you decide you would rather keep it.
What is net capitalized cost?
Net capitalized cost is the final selling price for a vehicle. You determine net capitalized cost by adding up any rebates, incentives, and upfront capital you invested in your leased vehicle.