Passport Toyota
5050 Auth Way Marlow Heights, MD 20746Sales: 1-888-244-2068
- Service: 1-888-244-5640
- Parts: 1-888-248-2084
Print
Lease Program Details
Planning Center
Lease
Lease Program Details
Leasing can offer the best of all worlds - the vehicle you want, at a monthly payment that's typically more affordable than buying. Toyota Financial Services' leasing programs help make it happen.
With a lease, you may pay less cash upfront and enjoy lower monthly payments than you would if you were financing your vehicle. You also have the flexibility of turning the vehicle in at the end of your lease, without having to worry about selling your vehicle at the end of the lease.
Ask Passport Toyota about leasing through TFS. We offer 24-60 month lease terms on new Toyotas and qualified Toyota Certified Vehicles. (Toyota Certified Used Vehicle terms depend on vehicle age).
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:
Purchase option. You'll have the option to purchase your lease vehicle during the lease or at lease-end.1
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.1
Excessive wear and use. Damages exceeding normal wear and use may be charged at lease end.1
Disposition fee. A disposition fee will be applied at lease end (on lease contracts signed after January 3, 2011) to help cover the costs to dispose of or sell the vehicle.
The fee will be waived on the existing lease for qualifying customers who return to lease or finance their next eligible vehicle with TFS through the Toyota dealer.2
Early termination charge. If you terminate your lease early, you will be required to pay an early termination charge. This amount may be substantial.1
Tax benefits. If you use your lease vehicle for business, you should consult with your tax advisor regarding potential tax benefits.
Lease-End Options
Learn more about what options you have at the end of your lease.
Additional Information
For more information on getting and keeping good credit, read "Understanding Vehicle Financing" from The American Financial Services Association Education Foundation.
1 This information will be disclosed in your lease agreement. See your lease agreement for details.
2 Offer to waive the disposition fee for qualifying customers in good standing with TFS who purchase/lease a new or certified used Toyota or Scion or a new or certified pre-owned Lexus within 30 days of lease return.
Lease
Lease Program Details
Leasing can offer the best of all worlds - the vehicle you want, at a monthly payment that's typically more affordable than buying. Toyota Financial Services' leasing programs help make it happen.
With a lease, you may pay less cash upfront and enjoy lower monthly payments than you would if you were financing your vehicle. You also have the flexibility of turning the vehicle in at the end of your lease, without having to worry about selling your vehicle at the end of the lease.
Ask Passport Toyota about leasing through TFS. We offer 24-60 month lease terms on new Toyotas and qualified Toyota Certified Vehicles. (Toyota Certified Used Vehicle terms depend on vehicle age).
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.1
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.1
Excessive wear and use. Damages exceeding normal wear and use may be charged at lease end.1
Disposition fee. A disposition fee will be applied at lease end (on lease contracts signed after January 3, 2011) to help cover the costs to dispose of or sell the vehicle.
The fee will be waived on the existing lease for qualifying customers who return to lease or finance their next eligible vehicle with TFS through the Toyota dealer.2
Early termination charge. If you terminate your lease early, you will be required to pay an early termination charge. This amount may be substantial.1
Tax benefits. If you use your lease vehicle for business, you should consult with your tax advisor regarding potential tax benefits.
Lease-End Options
Learn more about what options you have at the end of your lease.
Additional Information
For more information on getting and keeping good credit, read "Understanding Vehicle Financing" from The American Financial Services Association Education Foundation.
1 This information will be disclosed in your lease agreement. See your lease agreement for details.
2 Offer to waive the disposition fee for qualifying customers in good standing with TFS who purchase/lease a new or certified used Toyota or Scion or a new or certified pre-owned Lexus within 30 days of lease return.
| Estimate Monthly Payment |
 Know which vehicle you
want? Calculate the monthly
payment |
| Which Vehicle Can I
Afford?
|
 Find out
which Toyota vehicles will meet your desired monthly
payment.
|
| Apply for Credit |
 Apply now by filling out a
simple online
application.
|
