10703 SW Loop 410 San Antonio, TX 78211
As your lease term approaches its end, it's time to explore your next steps. Whether you're considering an upgrade to a new Toyota, purchasing your current vehicle, or returning your lease, North Park Toyota is here to help you navigate the process with ease.
When your lease ends, you can transition to the latest Toyota models. By trading in your current vehicle, you'll enjoy a seamless upgrade to a brand-new car.
Access the Latest Features: Drive a Toyota with cutting-edge technology and innovations.
Lower Maintenance Costs: Many leases include maintenance plans to reduce your expenses.
Potentially Lower Monthly Payments: Depending on your terms and eligibility, leasing again may offer comparable or reduced payments.
If you've grown attached to your Toyota, buying it at the end of your lease is a fantastic choice. Before deciding, consider these key factors:
Vehicle Condition: Assess wear, mileage, and repair needs.
Market Value: Compare its market value to the buyout price to gauge its worth.
Financial Considerations: Calculate the total cost, including buyout price, interest, and potential depreciation.
If you're ready to move on, the lease return process is straightforward and stress-free.
Timing: Schedule an inspection a few weeks before your lease ends.
Process: A representative will check for excess wear, tear, or damage.
What to Expect: The inspection ensures your vehicle meets the conditions outlined in your lease.
Bring the following items with you:
Original lease agreement
All sets of keys
Owner's manual and maintenance records
Accessories that came with the vehicle
Mileage Overages: Extra charges may apply for exceeding the mileage limit.
Excess Wear and Tear: Fees may be assessed for damage beyond normal wear.
Disposition Fee: Covers administrative costs for processing your lease return.
As your lease term wraps up, consider what suits your needs best: upgrading to a new Toyota, purchasing your current vehicle, or returning your lease.
For more information about your lease-end options, contact us today or visit the Toyota website.
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The federal Clean Vehicle Credit offers up to $7,500 in tax savings for eligible electric vehicles. This program is set to expire on September 30, 2025, unless extended. There’s also a tax credit for installing home EV chargers, which ends on June 30, 2026. If you’re considering a Toyota EV, understanding these deadlines is key.
