Lease Info

Did Somebody Say Lower Monthly Payments?

Consider leasing at Austin's #1 Toyota dealership. See why leasing is becoming popular once again and why a national average of 24% of consumers are choosing to lease over purchase. 

"This reflects the improving economy, including expanding credit markets and more confident consumers." - 

* Lease arrangements usually involve a 15,000 mile-per-year cap and charge for extra miles. If you drive very little, you may be a candidate for a luxury lease. 

*When you negotiate a 24 to 36 month lease, you can be sure you'll always be driving a new Toyota. 

*Although you need to maintain and repair your leased vehicle just as you would an owned vehicle, Toyota Care covers 24 months or 25,000 miles (whichever comes first) of complimentary scheduled maintenance. 

*Typically you lease a vehicle for 2 to 3 years, this means that the car is normally under factory warranty during your time with it. 

*Many people prefer to drive a vehicle that is priced above their means and leasing provides the solution. 

*If you don't mind not owning the car, you are free to enjoy the benefits of leasing like low monthly payments and a low down payment. 

*If you own a business, and you use your Toyota for business, check with your tax advisor. You may be able to deduct your auto expenses, including your monthly lease payments.

*If the company you work for gives you a monthly car allowance, you may want to lease since you'll be able to drive a nicer car for a lower monthly payment. 

What happens when my lease ends?

1) Turn in your lease Toyota at Charles Maund Toyota. 

2) Trade in your lease. The value of your low mileage, well maintained, Toyota will be applied towards a new Toyota lease or purchase. 

3) Choose to buy and keep paying towards the ownership of your current Toyota. 

"It is not a mystery why leasing is popular again, and why leasing isn't just for luxury cars any more; it's because the average monthly payment for many ordinary cars is about $100 per month cheaper."- Forbes. 


Sample Toyota Financial Services Lease Agreement Form
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