Toyota End of Lease: Return, Upgrade, or Buy
Toyota Lease Ending Soon? Explore Your End of Lease Options
As your Toyota lease comes to an end, you have flexible options to suit your lifestyle. You can purchase your current vehicle and keep the one you love, upgrade to a brand-new Toyota with the latest Technology & features, or return it and explore new possibilities.
Our team is here to guide you every step of the way. If you’re unsure which end-of-lease option is best for you, we can explain your choices, compare the benefits, and help you make a decision that fits your needs, lifestyle, and budget.
You have 3 options at the end of your Toyota lease term
1. Turn Your Lease into Ownership
If you’ve fallen in love with your Toyota, you have the option to purchase it and make it yours.
If you choose to purchase your vehicle, you’ll pay the remaining balance based on the residual value, plus taxes and any applicable fees. Our Product Advisors can provide your exact buyout amount and guide you through the process. Contact your Product Advisor to find out the balance owing and what is required to buyout your lease.
Need financing for your lease buyout? Our Financial Services Team is here to help make it simple and convenient.
2. Upgrade Into The Latest Toyota Model
Ready for an upgrade? Returning your leased Toyota gives you the perfect opportunity to step into a brand-new model and enjoy the latest technology, advanced safety features like Toyota Safety Sense, and innovative enhancements designed to make every drive better.
Be sure to ask your Product Advisor about current loyalty offers—you could save even more on your next Toyota!
Shop our online showroom or contact a Product Advisor to discuss ordering a new Toyota!
3. Return the vehicle to Any Toyota Dealership and Walk Away
With our closed-end leases, returning your Toyota is simple. You can walk away at the end of your lease with no obligation to purchase another vehicle.
You will only be responsible for any excess mileage, wear, or damage unless you chose one of our protection packages when signing your lease. For full details, your Product Advisor or Financial Services Manager can help.
When it is time to return your vehicle, you can schedule a physical inspection with one of our Sales Managers.
Common End Of Lease Questions
Can I return my Toyota lease before the contract is up?
We understand that life can change, and sometimes plans can change. You can return your Toyota before the lease ends, though early termination fees will apply. To review your options and get all the details, speak with one of our Financial Services Managers.
Can I transfer my Toyota lease to someone else?
Yes, you can! You can transfer your Toyota lease to another qualified individual, making the process simple and hassle-free. A small administration fee applies, and our Financial Services Managers are ready to guide you every step of the way. Contact our team to get started.
Do I have to return my Toyota to the same Dealership that I purchased it from?
You can return your leased Toyota to any Toyota dealership, not just the one where you originally leased or purchased it. If it’s convenient, North London Toyota would be happy to welcome your vehicle back and help with your next steps.
What happens When I Arrive To The Dealership To Return My Lease?
When you bring your Toyota back, one of our Sales Managers will perform a thorough inspection of your vehicle. You will be responsible for any damage, wear and tear, or excess kilometers as outlined in your lease agreement, unless you selected a Protection Plan at the start of your lease.