Returning Your Leased Car
Your Toyota lease is ending and it’s out with the old and in with the new! Or, it’s sticking to the old because you love it so much you have to buy it or extend your lease. Either way, your lease-end is coming up quick and you need some guidance on how to prepare and return your leased vehicle.
The lease return process really begins about 90 days before the end of the contract. In most cases, the leasing company will contact you to remind you of your termination date and to set up an appointment for a pre-return inspection.
In the meantime, you should give your vehicle a thorough examination prior to the inspection and make any necessary repairs.
You also should schedule a turn-in appointment at your dealership and start doing some research on new models you might want to lease. Or, of course, you can decide to buy your current Toyota because it would be too painful to part with. We know, Toyotas are hard not to love.
A word of advice: Make sure to consult the details and standards that are outlined in your lease to ensure you aren’t caught blindsided by any lease-end charges or remaining fees at turn-in. What kind of charges?
Getting a pre-return inspection is to your advantage, because then you have time to fix any problems yourself.
Most leasing companies will let you schedule a second inspection to make sure the repairs were all done properly and then take off the charges. However, if the charge seems reasonable, then you can just opt to pay the fee and save your time.
Inspections are typically free and convenient. If it isn’t conducted at the dealership, a hired inspector will come to your home, workplace, or other preferred location to do the inspection.
It usually takes about 45 minutes, and soon after you will receive a detailed condition report that includes any damage that exceeds “normal wear-and-tear,” and the cost to fix it.
What do they look for?
These are just some general guidelines. State laws and the terms of your lease may vary your rights and obligations regarding excess wear-and-tear and mileage.
Finally, you’ve made it to your turn-in date and you’re ready to return your Toyota to the dealership.
What should you do before going?
At the dealership, just drive on up and hand over the keys. You will usually be asked to sign an odometer statement, other finalizing documents, and settle any remaining fees.
Then they’ll give you a signed and dated receipt and you’re off on your next adventure!
Still have questions about returning your Toyota once the lease is finished? Want to explore your post-lease options?