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Lease Program Details |
College Graduate Program
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Toyota Certified Used Vehicles
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Military Rebate
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Business Solutions
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iFinance
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1 Pay Lease
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Low Mileage Lease
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Repeat Customers
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Lease-End Options
The Benefits of Leasing
Leasing can offer the best of all worlds – the vehicle you want, potentially less money down and a monthly payment that’s typically more affordable than buying. You also have the flexibility of turning the vehicle in at the end of your lease, without having to worry about selling it. Toyota Financial Services' leasing programs help make it happen.
TFS offers 24-60 month lease terms on new Toyotas and qualified Toyota Certified Used Vehicles. (Toyota Certified Used Vehicle terms depend on vehicle age). To locate the Toyota dealer nearest you, use our dealer locator.
Lease Details
- Costs at lease signing. The amount you pay at lease signing may be lower than the amount you pay at the beginning of a finance contract. This amount may include the following:
- first month's payment
- acquisition fee
- refundable security deposit
- taxes and fees
- capitalized cost reduction (similar to a down payment)
- Purchase option.You'll have the option to purchase your lease vehicle during the lease or at lease-end.*
- Mileage limits. 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.*
- Lease-end charges. You will be charged for any excessive wear and use.*
- Early termination charge. If you terminate your lease early, you will be required to pay an early termination charge. This amount may be substantial.*
- Tax benefits. If you use your lease vehicle for business, ask your tax advisor about potential tax benefits.
- End-of-term choices. Learn more about what options you have at the end of your lease.
Keep up the good credit
The American Financial Services Association Education Foundation has put together an informative online brochure "Understanding Vehicle Financing" to help everyday consumers with financing and credit basics.
To obtain a program brochure, please see your Toyota dealer or call 1-800-GO-TOYOTA.
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