Why Lease A Toyota

Why You Should Lease a Toyota?

People change. Vehicles change. Our leasing programs give you the freedom to change while meeting your budget needs. Leasing can offer the best of all worlds - the vehicle you want, at a monthly payment that's typically more affordable than buying. Passport Toyota 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. We offer 24-60 month lease terms on new Toyotas through Toyota Financial Services.

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 but with Toyota, we make it EASY to get into a new lease toyota or new purchase toyota at your convenience!

Tax Benefits

If you use your lease vehicle for business, you may be eligible for certain tax benefits. This site does not recommend any particular course of action, and you should consult with your tax advisor regarding potential tax benefits and/or other benefits vs costs before making a final decision.

At lease end you may purchase the vehicle or return your vehicle at the end of your lease and satisfy your remaining obligations as described in your lease contract.A key feature of this option is that there is no need to sell your vehicle - just return it to a Toyota dealer. You may have to pay fees or charges associated with the end of your lease, as described in the lease agreement.