Lease Return at Toyota of Lincolnwood
Starting 60 to 90 days before your final lease payment, it’s important to take the time to review all your end-of-lease options. From leasing a new Toyota or purchasing your current lease to trading in your lease early or selling your lease. Or if you aren’t interested in a new lease or vehicle, you are free to walk away after you’ve set up inspections and finished all necessary final payments and/or repairs.
Learn more about all your lease-end options as well as the difference between financing and leasing. Our finance experts are here to guide you through your lease return options and financing process. We also offer a variety of New Toyota Offers, Pre-Owned Vehicle Specials, and Offers & Incentives to help you unlock the best possible deal! If you have any additional questions, don’t hesitate to contact our finance team at Toyota of Lincolnwood today.
Lease a New Toyota
Ready to return your current lease and trade it in for a new Toyota model? Leasing a new Toyota model is simple and straightforward. All you need to do is browse all the latest Toyota models available and schedule a test drive at Toyota of Lincolnwood to find the perfect model for you. After you’ve decided to lease a new Toyota, the next steps include:
- Schedule a turn-in appointment
- Return your vehicle at the appointed time
- Pay any remaining amounts owed under your lease
Purchase Your Current Toyota
Make your lease yours and pay off the remaining balance! Purchasing your lease is a smart way to get an affordable price on the Toyota you already love. This option essentially is like purchasing a pre-owned vehicle and only cost its depreciating value. And the best part, you were the previous owner! If this option is right for you, here’s what you need to do to put the wheels in motion:
- Call (800) 286-0652 or Toyota of Lincolnwood to determine your vehicle’s payoff amount
- Visit toyotafnancial.com to review our financing and vehicle and payment protection options
Toyota Financing
Unlock the full Toyota ownership experience, shop new Toyota for sale or pre-owned vehicles today. Toyota Financial Services can help make financing your new Toyota clear and easy. All-new Toyota vehicles and Toyota Certified Used Vehicles from the last five model years are eligible. Contract terms for new vehicles are 24-72 months. Toyota financing benefits include:
- Less worry about your car’s condition
- No limit on mileage
- Full ownership of your vehicle
- Factory warranty to cover major repairs
Toyota Leasing
Get a new Toyota model every two to three years when you lease. Toyota Financial Services can help you find the perfect lease terms for your budget and lifestyle needs. Most lease customers pay less cash upfront and have lower monthly payments than they would with a finance contract. You may get 24-60 month lease terms on new Toyota and qualified Toyota Certified Vehicles. You’ll even have the option to purchase your vehicle at lease end. Additional Toyota leasing benefits include:
- Payments are usually lower, compared to a purchase
- Lower down payment
- Opportunity to drive a new car every two to three years
- actory warranty to cover major repairs
Turn-In Inspection
Get the lease return process started by setting up a complimentary vehicle inspection. The expert Toyota technicians at Toyota of Lincolnwood will review your ride and inform you of any damage cost or leftover payment needed, you can walk away hassle-free and commitment-free. Why schedule your inspection with us?
- CONVENIENT – inspectors can meet you at your home, work, or other preferred location
- INFORMATIVE – knowing the condition of your vehicle before the end of your lease allows you to make well-informed decisions
- THOROUGH – detailed condition reports, itemizing any excess wear and use, are available shortly after the inspection
Lease Turn-In FAQs
What are my lease-end options?
- Turn in your vehicle and purchase or lease a new Toyota
- Purchase the vehicle you're currently driving
- Return your vehicle to your Toyota dealership
What is my lease maturity date?
This is the date when your lease agreement ends and your vehicle should be returned to a Toyota dealer (unless you choose the option to purchase your leased vehicle).
Where do I turn my leased vehicle?
Your leased vehicle should be turned in at your originating Toyota dealer by your scheduled lease maturity date. If you've moved since you began your lease, use our easy dealer locator to find a participating dealer near you. We recommend contacting the dealer to schedule your lease turn-in appointment approximately 30 days prior to your lease maturity date.
What if I turn in my vehicle early?
You may return your vehicle prior to your lease maturity date; however, early termination fees may apply. For more info about turning in your lease early, refer to your lease agreement, or contact TFS at 1-800-286-0652. You may also reach out to your dealer to get answers to any questions you have about your options.
What charges should I expect on my End of Term Invoice after I turn in my vehicle?
Like you, we hope you have no charges on your lease-end, but it’s possible these may be included, if applicable:
- Excess wear and use
- Excess mileage
- Disposition fee
- Any past due and unpaid monthly payments
- Any other miscellaneous charges (e.g., unpaid late payment fees, taxes, tolls)
- Any other charges due under the terms of your lease agreement if your lease was terminated early
How do I purchase mu current vehicle?
First, great decision. Next, get a payoff quote by logging into your TFS online account or contacting TFS at 1-800-286-0652. If you need financing, you can head straight to your dealer for help.
What's the easiest way to get into a new Toyota?
Just bring your vehicle back to your Toyota dealer at the end of your lease and they can help you with the rest.
