Disposal Fee: This tax covers the dealer`s costs for overhauling the car and preparing for resale as soon as you return the vehicle to the dealer. The average disposal fee is between $250 and $400. Many dealers waive disposal fees if you finance or lyz another vehicle through their dealership. Another case where leasing is not a good idea is if you intend to buy the vehicle at the end of the lease agreement. Lease agreements may include conversion fees, redemption fees, and others that may increase the total price of the vehicle. Choose from 16,000, 20,000 and 24,000 km of allowances. With the standard 24,000 km plan, you have the option to buy additional kilometers at a discounted price in advance. If you are not sure, you can buy additional kilometers at the end of the lease at our standard rate. At the end of your lease agreement, you will have the option to purchase your vehicle, rent another vehicle or simply return your vehicle. You should also study your options, review an inspection, complete your plans, and prepare to hand over your vehicle. Learn more about end-of-lease options.
Every two years, a new Toyota without having to worry about selling or trading with your old one. Sound too good to be true? Your Toyota dealer and Toyota Financial Services can help you find the right lease for you. Knowledge of leasing terminology is an important step before signing leasing titles. Make sure you understand all the terms of your lease and ask your lawyer if you have any questions about your lease. Excessive wear and tear/use: No matter how careful you are when driving your new vehicle, some wear and tear is required for the duration of your rental agreement. However, any excessive wear and tear or excessive use of the vehicle may result in additional charges at the end of your rental agreement. A common rule of thumb for excessive external damage is damage that exceeds the size of a credit card (including scratches, dents, etc.). For more information and examples, see the Toyota Wear and Use Guide. You have the possibility to choose a “Low Kilometers” rental contract, which is 20,000 km per year. The term buyout is adjusted at the time of leasing, which in turn reduces your semi-annual or monthly payment. If you ride a lot more than the standard allowance or option with low miles, financing may be a better option for you.
With the Wear Pass plan available, protect yourself from unexpected excessive wear charges on your rented Toyota. The wear Pass Plan has been designed to protect against damage that goes beyond normal daily use and ensures that you do not incur any additional charges at the end of the rental agreement. You`ll also notice that you can afford “more cars” with a lease. You can upgrade to a higher package or a more expensive model because your monthly payments are less than the financing. This information is disclosed in your rental agreement. If the mileage limits are exceeded, additional charges may be charged at the end of your rental agreement. For more information, see your lease. Residual value: The residual value of your vehicle is essentially the amount that the vehicle will be worth at the end of your lease. For example, a new Camry worth US$25,000 at the end of your lease can be worth nearly $US 12,500, taking into account the use and wear and tear you put on the vehicle during your lease agreement. With flexible rental terms available of 24-60 months, you can better plan for life`s changing needs.
Get into a new vehicle for your new job or family extension and keep an overview of the latest vehicle safety, fuel efficiency and user-friendly technologies. You have the option to buy additional kilometers at a discounted price in advance. If you`re not sure, you can buy extra miles at the end of the lease at our standard rate. If you drive much more than the standard allowance, financing may be a better option for you. Another benefit of leasing is the ability to get a brand new Toyota every two or three years.