If you like changing your car every few years but don't want to worry about selling or trading in your vehicle, leasing could suit your needs, To help you decide if this is the right solution, here's a rundown of the leasing benefits from your Toyota dealership.
Flexible Terms
Whether you want to change your vehicle every two years or keep it longer, you can typically choose from lease terms between 24 and 60 months when leasing a Toyota. With a standard lease, you usually get 15,000 miles per year on new vehicles, while conditions may vary if you decide to lease an eligible Toyota Certified Pre-Owned vehicle. At the lease end, you have the option to purchase the vehicle, extend your lease, or return it.
Low Mileage Lease
If you don't need 15,000 miles per year, Toyota's Low Mileage Lease program can help you save on monthly payments. This lease type includes up to 10,000 miles per year, with lease terms between 33 and 60 months. All new Toyotas are eligible, and you have the same options at the end of the lease as you would with a standard lease contract. You can also choose to return the vehicle early, although early termination charges may apply.
Prepayment Option
One of Toyota's exclusive leasing benefits is the 1 Pay Lease program, which allows you to pay for your entire lease in a single solution at signing. Prepaying comes with a wealth of advantages, including substantial discounts and no hassle of remembering to process a monthly payment. Apart from prepaying, you get all the benefits of your chosen standard or low-mileage lease.
Multiple Security Deposit Program
Another exclusive advantage when leasing a Toyota is the possibility to adhere to the Multiple Security Deposit Program which allows you to make up to nine security deposits to reduce your monthly payments. This program includes all new and certified pre-owned Toyotas leased through Toyota Financial Services and covers excessive wear and tear as well as other damages. At the end of the lease, you'll be refunded the deposit's remaining balance.
Special Deals
Leasing is typically cheaper than financing a vehicle, but you can save even more with Toyota's special lease deals. Deals include lower monthly payments for pre-determined terms on eligible vehicles, lease cash offers that reduce the suggested retail price, reduced down payments, or extra mileage allowances.
To find out more about these deals and discover all the benefits of leasing a Toyota, contact us at Woodrum Toyota of Macomb in Macomb, IL to schedule an appointment. Our specialized in-house financial team will be here to answer all your questions and help you find the right lease option for you.
