Toyota Leasing Frequently Asked Questions

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Drive the Toyota of Your Dreams – For Less!

Toyota cars lease for less. Leasing a Toyota allows you to pay less cash up from and enjoy lower monthly payments than you would if you were financing your vehicle. You also have the flexibility of turning your vehicle in at the end of your lease without having to worry about the hassle of selling it. Read about more Toyota lease for less benefits.

Toyota Financial Services offers lease terms of 26 – 60 months on a new Toyota. View current Toyota lease for less offers.

Not sure about whether to lease or buy? Take the Lease vs. Buy Quiz.

Lease Details

 

Toyota Leasing Frequently Asked Questions:

What is the cost at signing?

The amount you pay at lease signing may be lower than the amount you pay at the beginning of a finance contract.

What does the Toyota leasing cost at signing include?

  • first month’s payment
  • acquisition fee
  • refundable security deposit
  • taxes and fees
  • capitalized cost reduction (similar to a down payment)

Can I purchase my lease vehicle?

You’ll have the option to purchase your lease vehicle during the lease or at lease-end.

What are the mileage limits on my lease vehicle?

The total allowable mileage disclosed on the lease agreement is calculated by dividing the number of months in the term by 12 and multiplying this amount by 15,000 (standard lease) or 12,000 (low mileage lease). For example, a standard lease with a 36 month term is calculated as follows: 36 month term divided by 12 = 3 years; 3 years multiplied by 15,000 miles = 45,000 total allowable miles.

What lease-end charges should I expect?

You will be charged for any excessive wear and use.

Are there tax benefits associated with leasing?

If you use your lease vehicle for business, you should consult with your tax advisor regarding potential tax benefits.

What happens at the end of my lease?

At lease end you may purchase the vehicle or return your vehicle at the end of your lease and satisfy your remaining obligations as described in your lease contract. A key feature of this option is that there is no need to sell your vehicle – just return it to a Toyota dealer. You may have to pay fees or charges associated with the end of your lease, as described in the lease agreement.

What leasing programs and offers are currently available?

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Drive the Toyota of Your Dreams

When shopping for a Toyota, ask your dealer about leasing through the dealer and Toyota Financial Services (TFS). You can find a program that works for you. To locate the Toyota dealer nearest you, use our dealer locator.

What leasing programs are there? (6)

Lease Program Details

What if you could drive a different Toyota every few years? Avoid the hassle of selling or trading in your car? And pay typically lower monthly payments than if you were buying the same vehicle? You can.
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College Graduates

If you received your degree within the last two years, you could qualify for a $750 rebate on the lease through your Toyota dealer and Toyota Financial Services (TFS) on select new Toyota vehicles.
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Military Rebate Program

You serve us. We’d like to return the favor. In appreciation of all that you do, Toyota is offering a special $1000 rebate to eligible inactive and active duty personnel.
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Toyota Certified Used Vehicles

Used vehicles are some of the best values around, and financing your TCUV through a participating Toyota dealership and TFS is no exception. Through participating dealerships, TFS offers competitive terms on some of the best used cars in town. And Toyota factory-trained technicians recondition, if necessary, and certify your vehicle, so you’ll know it’s in great shape.
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Business Solutions Program Details

Selecting the right financing is as important as choosing the right vehicle. Whether you own a home-based business, are a general contractor or run a large corporation, our flexible programs can help you obtain the Toyota vehicle you need with the right leasing options for your business.
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WHAT IS IFINANCE?

Limited credit? No worries. Through a participating dealership, our iFinance Program can help you into a new Matrix or Yaris without a co-lessee.
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What else should I know about leasing a Toyota? (5)

What about 1 Pay Lease?

Prepay and you may pay even less. The 1 Pay Lease Program allows you to prepay all monthly payments up front in a single payment.
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What about Low-Mileage Lease?

If you drive 12,000 miles or less each year, you could have lower payments. All new Toyotas are eligible.
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What about Repeat Customers?

Qualified repeat TFS customers enjoy special benefits with the Encore Program.
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What about End-of-Term Choices?

You have options at the end of your lease.
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