As your Toyota lease approaches its maturity date, it’s time to consider your next move. Whether you’re ready to upgrade, buy out your current vehicle, or simply return it, SouthWest Toyota of Lawton is here to guide you through the process. Toyota Financial Services offers flexible lease-end options designed to fit your lifestyle and future driving goals.
Understanding the Lease-End Process
Toyota typically begins contacting lease customers 90 to 120 days before the lease ends. These reminders may arrive via email, phone, or alongside your monthly billing statement. The goal is to give you ample time to weigh your options and prepare for a smooth transition.
Before your lease officially ends, it’s recommended to schedule a pre-inspection 15 to 60 days in advance. This inspection helps identify any excess wear, mileage overages, or repairs that could result in additional charges.
When you’re ready to move forward, book an appointment with SouthWest Toyota of Lawton’s lease-end team. On the day of your visit, bring the following:
- All keys and key fobs
- Owner’s manuals and original equipment
- Spare tire and tool kit (if applicable)
- Toyota Financial Services Odometer Disclosure Statement
Option 1: Return Your Leased Toyota
If you’re not planning to keep your current vehicle, returning it is straightforward. You’ll drop off the car at SouthWest Toyota of Lawton, complete the necessary paperwork, and sign the odometer disclosure. After the return, Toyota Financial Services will issue a Lease-End Invoice detailing any remaining payments, late fees, or charges for excess wear and mileage.
Returning the vehicle early is possible, but it may come with fees if the car hasn’t met maintenance requirements or exceeds mileage limits. Always coordinate early returns with the dealership to avoid surprises.
Option 2: Purchase Your Leased Toyota
If you’ve grown attached to your Toyota, buying it at lease-end is a popular and practical choice. You’ll avoid wear-and-tear fees, eliminate mileage restrictions, and continue driving a vehicle you already know and trust.
Toyota Financial Services makes this process simple. Most lease customers are pre-approved for a lease-end buyout, and financing options are available through Toyota or partner institutions. The purchase price typically includes the Lease-End Value (LEV) stated in your contract, plus a standard administrative fee.
Option 3: Lease a New Toyota
Many drivers choose to transition into a new lease at the end of their current term. This option allows you to upgrade to the latest Toyota models featuring advanced safety tech, updated infotainment systems, and improved fuel efficiency.
At SouthWest Toyota of Lawton, you can turn in your current lease and begin a new one in a single visit. If your current vehicle has equity, it may be applied toward your next lease or purchase, potentially lowering your monthly payments.
New Toyota leases also include ToyotaCare, a no-cost maintenance plan covering two years or 25,000 miles, plus roadside assistance for two years with unlimited mileage.
Plan Ahead for a Seamless Transition
Inventory shortages and high demand can affect vehicle availability, so it’s wise to start considering your lease-end options up to a year in advance. Whether you’re returning, buying, or leasing again, SouthWest Toyota of Lawton is ready to help you navigate the process with confidence.
To explore your lease-end options or schedule a pre-inspection, contact SouthWest Toyota of Lawton. Our team is here to make your next move as smooth and informed as possible.
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