What Options Do You Have at the End of Your Toyota Lease in Waterford?

Leasing is the flexible and affordable way for our Michigan drivers to get the vehicle they need, but what do you do at the end of your lease?


If you're at the end of your lease, the easiest option is to simply return your leased vehicle at the end of the term, hand over the keys, and be done with it! This allows you to avoid the hassle of resale or dealing with trading in a vehicle here in Waterford. It's as simple as that. This allows you to either start a new lease or decide to finance a vehicle that you've had your eye on that you can love for years.


A popular option for drivers in Detroit is to buy out the remainder of your vehicle. While this option doesn't make sense for everyone it can be a great option if the vehicle is in great shape and is worth more than the original agreed purchase price. Sometimes this is a choice just simply because you fall in love with the vehicle! Purchasing your vehicle lets you avoid mileage overages as well, which can be cost-effective in the long run in Bloomfield MI.


You can trade in your leased car, truck, or SUV for a newer model year, or a brand-new vehicle all together! Things change, and maybe you need to upgrade your current sedan to something roomier for the family, or you want to downsize now that the kids are in college. No matter what your needs are, we can help you find the perfect new lease for you here in Rochester MI. You should consider that your lease price will likely be different if you choose a different vehicle, or even a new model year of your current one, so just confirm with our financial experts to make sure it still fits your budget in Farmington.

Learn more about Toyota lease options with our leasing FAQs resource, or compare the advantages to buying vs. leasing your next car.

Categories: Finance
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