Once your lease ends, you have the option to replace it with a newer model. At this point you can either lease a new model or buy a new model.
If you love your current leased vehicle, you can work with Toyota Financial Services to help you purchase it and keep it for yourself.
If you're no longer in need of a vehicle, you can simply turn it in when your lease is over. If you change your mind, you can always come back to Toyota Palo Alto to purchase or lease a vehicle.
It's never too soon to start planning what you will be doing when your lease ends. If you have any questions you can call Toyota Palo Alto and we will review the details of your lease agreement and discuss your options and determine your vehicle's payoff amount. If you don't call us, we'll be sure to contact you about three months before your lease's end date to discuss your options.
Here at Toyota Palo Alto, we also believe that loyalty should be rewarded. When you lease or finance your next vehicle with the help of the Toyota Financial Services, we will waive the disposition fee on your current lease for qualifying customers in good standing on approved credit. To take advantage of the disposition fee loyalty waiver, qualified customers must lease or finance a New or Certified Used Toyota through a participating dealer, like Toyota Palo Alto, and Toyota Financial Services within 30 days before or after the current vehicle lease terminates. For every new leased or financed vehicle, Toyota Financial Services will waive the disposition fee on one terminating lease.
For more information about the End of Lease Program here at Toyota Palo Alto, call or visit us today! We will be able to help you decide if you want to replace, refinance or return your vehicle.