Lease Set to Expire?

Explore your Trade-In Options in Silsbee, TX

If your Toyota lease is coming to an end, you've got options - and a few things worth knowing ahead of time so you're not surprised by fees at return. Here's what to expect.

When your lease ends, you have three choices: return the vehicle and walk away, return it and lease or finance a new vehicle, or buy out your current vehicle at its pre-set residual value. Most drivers start thinking about this 2-3 months before their lease-end date.

Your Options at Lease End

1. Return it and get into something new. The most common choice - turn in your current vehicle and move into a new lease or a finance deal on your next Toyota. We can often handle your inspection and paperwork on-site to make this a one-visit process.

2. Buy out your lease. If you've grown attached to your vehicle, or the numbers work out in your favor, you can purchase it at the residual value set at the start of your lease. This is worth checking against current market values - sometimes a lease buyout is a genuinely good deal, especially if your vehicle has held its value well.

3. Return it and walk away. If you're not ready for a new vehicle yet, you can simply return it and settle any final fees. Not the most common path, but a straightforward one.

How to Avoid Surprise Fees

• Excess mileage: check your current odometer against your lease's mileage allowance. If you're over, it's often cheaper to purchase additional miles in advance than to pay the per-mile overage fee at return.
• Excess wear and tear: normal wear is expected, but dents, stains, or damage beyond normal use can trigger fees. A pre-return inspection can flag anything worth addressing before your official turn-in.
• Missing equipment: floor mats, cargo covers, and other included accessories should be returned with the vehicle.

What to Bring at Return

• Both sets of keys/key fobs
• Owner's manual and any included accessories
• Any lease paperwork you've been sent