Approach your lease-end with confidence
You may be wondering "what happens at the end of my lease?" In the months before your lease comes to an end, you’ll receive several communications from us about your options and obligations. During this time, you can choose a path that best fits your needs and lifestyle. Choose from the following options to find out what to expect:
1. Choose a New Toyota
2. Buy Your Current Toyota
3. Turn In Your Toyota
Remember to review Toyota's Wear and Use Guidelines, which will help you to understand what to expect should you choose to turn in your vehicle. You can also view Toyota's lease-end video for more details about what to expect at the end of your lease.
Whether you want to experience more of what you love about your Toyota, or you’re set on staying behind the wheel of your existing vehicle, Hudson Toyota is here to make the move as easy and convenient as possible.For more information about the choices at the end of your lease, contact Hudson Toyota's Sales Specialists at 877-361-6120.
Whether you're eyeing a new Toyota model or simply want a brand new version of what you're driving now, Hudson Toyota has options for you.
STEP 1. Begin your search online. Visit Toyota.com to view the full lineup of Toyota vehicles or check out Hudson Toyota’s Specials page. You can also stop by Hudson Toyota to get up close and personal with the latest models.
STEP 2. Take the vehicle for a test drive at Hudson Toyota. Once you've made your choice, Hudson Toyota can offer assistance with all of your financing and leasing needs.
If you're ready to make your leased Toyota your very own, there's no need for a wear and use evaluation or extra mileage charges. In other words, you don't have to stop, simply follow these steps and get ready to go.
STEP 1. Determine your payoff amount. View your lease vehicle's payoff information in
your account at Toyota Financial Services, or call Hudson Toyota at
877-361-6120.
STEP 2. Estimate your monthly payments. Use the Lease-to-Purchase Payment Estimator within
your account to estimate what your monthly payments may be if you finance the amount through Hudson Toyota. Be sure to check out our current local specials before finalizing your purchase.
STEP 3. Your Lease-End Coordinator at Hudson Toyota will review the details of your lease agreement with you.
STEP 4. Choose your purchase method.
We've made returning your current vehicle straight forward with a few simple steps:
STEP 1. Give us a call before your lease ends at 877-361-6120. Our Lease-End Specialists will review the details of your lease agreement with you, such as your originating dealer information and actual lease-end date. If we do not hear from you, we will contact you.
STEP 2. Assess your vehicle's condition using Toyota’s Wear and Use Guidelines. Unrepaired damages that exceed normal wear and use that are not repaired may result in charges at the end of your lease. Review your mileage allowance to assess any excess mileage charges at lease end.
STEP 3. Make any necessary repairs. Hudson Toyota may be able to offer help with cost-effective repairs if needed. Making repairs upfront may save you a bill later on and may even be covered by your insurance policy. Be certain to keep all of your receipts for any repairs made and see your insurance policy for coverage.
STEP 4. Schedule an appointment with Hudson Toyota to return your Toyota.
STEP 5. Return your Toyota. Take your cleaned vehicle to Hudson Toyota by the lease-end date. You will be required (by law) to turn in a completed Odometer Statement at this time. Remember to bring all keys, Owner's Manuals, and any original equipment removed from your vehicle to the appointment (cargo cover, headrests, spare tire, etc.). An independent inspection company will perform a final inspection after you turn in your vehicle.
STEP 6. Make sure any outstanding lease payments have been made and cancel any electronic payments. You are responsible for any past due payments, late fees, property tax and any other charges that may be due under your lease agreement. You are also responsible for any excess wear and use fees, and excess mileage charges when you return your Toyota at lease termination.
Once your independent inspection is complete, charges may be due if your vehicle surpassed normal wear and use and/or mileage limits. When permissible, your security deposit will be applied to pay or reduce the charges owed and you will be billed for any remaining amount due (your lease and applicable law may vary this process). As set forth in your lease agreement, these charges, along with any remaining liability for unpaid citations and taxes, etc. are payable to Toyota Financial Services.
Please refer to your lease agreement for a description of your rights and obligations upon termination of your lease. If you have any questions about your obligations, you can contact us at
877-361-6120. Hudson Toyota is here to make your lease-end experience, and every Toyota encounter, easy and positive.
