Lease End Options
The end date for your lease is rapidly approaching, and you’re not quite sure what your next move should be. Perhaps you didn’t even realize you have multiple options until now. Naturally, you can return your vehicle at the lease end, but you also have the option of purchasing your vehicle outright.
If you find yourself in this position, and you’re not certain what the best option for yourself is, take some time to visit one of our qualified associates. We’re trained and ready to help each of our customers make the choice that best suits their lifestyle and automotive needs.
What Do I Do at
the End of My Lease?
Return the Vehicle
After reviewing your options at Bob Richards® Toyota, you may choose to return your vehicle because it’s beneficial to your wallet. The only additional payments you may have to make involve any mileage you’ve accrued over your lease’s maximum terms, as well as any damages, but, only if this works for YOU.
The Love Option
If you’ve grown fond of your vehicle over the term of your lease, you absolutely have the option to purchase it outright. This can be advantageous if the car has retained its value well. The only part you need to pay now is simply the part you have not paid yet!
Trade in the Vehicle
Life has a funny way of changing our vehicle needs so you may decide to get a different vehicle at any point during the lease term. If you choose to trade in your currently leased vehicle, the deal would then work just like a standard finance deal. You would simply come to Bob Richards® Toyota to review your options. By doing this, your mileage will not be penalized by SETF.