Toyota Lease Return

Three Lease-End Options

As you head into the final 90 days of your lease, there are steps to take and decisions to make. Germain Toyota of Columbus is here to help guide you through the process.

1. Lease a New Toyota

Whether you’re eyeing a new Toyota vehicle or simply want a brand-new edition of what you’re driving now, our extensive selection of inventory makes it simple to find the right vehicle for your budget and lifestyle.

2. Purchase Your Current Toyota

Have you grown attached to your Toyota? That’s completely understandable and we’ll help you purchase your current vehicle.

• Finance Vehicle – Contact your originating dealer and arrange for financing through the dealer and Toyota Financial Services.
• Purchase Vehicle Outright – Call us at (800) 286-0652 to obtain current payoff amount, mailing address and necessary sale documents. Mail payment and necessary documentation.

3. Return Your Toyota

We’re standing by to assist you in returning your leased Toyota vehicle upon the conclusion of your lease.

“Trade-In” Your Leased Vehicle Early – Prior to Lease-End Term

An important thing to consider is that leased vehicles often hold their value quite well. By properly maintaining and taking care of your Toyota, you could find yourself in an equity position when the remaining balance owed on the lease is actually less than what the vehicle is currently worth. If this is the case, Germain Toyota can purchase your leased vehicle for its residual value and apply the equity towards the lease or purchase of a new Toyota. Combined with our current offers and incentives, you could even get behind the wheel of a new Toyota for the same payment or even lower than your previous lease! Contact us today to find out if you quality for an early lease return.

Before Your Return

• Examine possible excessive wear and use on your vehicle and make any necessary repairs.
• Your originating Dealer is required to accept your return vehicle however we recommend contacting your local Toyota dealer to schedule a turn-in appointment for your vehicle.
• Ensure all contracted payments and miscellaneous fees are paid to TFS.
• Schedule your complimentary inspection appointment 15 to 60 days before your maturity date. To schedule an inspection call AutoVIN at (855) 40-MY-TFS.

During Your Inspection and Return

Bring the following to your inspection and lease-return appointments:

• Toolkit and spare tire, if applicable.
• All sets of keys (master/remote/valet), if applicable.
• Owner’s Manuals
• Any original equipment on your vehicle at lease inception (radio, headrests, 3rd-row seat, tonneau/cargo cover, etc.)
• Ask the dealer to record the mileage, and don’t forget to sign the Odometer Disclosure Statement and ask for a copy

At the Dealership

• Confirm the Dealership will accept the return. Only your originating Dealer is required to accept your lease return.
• Sign an odometer statement and ask for a copy for your records. Capture the name of Dealer associate that helped with the return.
• If you did not complete an inspection prior to returning, one will be completed within a few days of your return.

After Return

Bring the following to your inspection and lease-return appointments:

• TFS will send you a Lease End Invoice if you have any unpaid payments, late fees and miscellaneous charges*.
  • The invoice will also include Excessive Wear and Use charges, Excessive Mileage charges, and Disposition Fee if applicable. These items may be taxable.
• If you had a Security deposit, it will be returned to your home address via check. It will be used to first pay any Lease End Invoice charges, if applicable.
• If you make automatic payments through Toyota Financial Services, cancel any electronic payments.

*Under certain circumstances, Toyota Financial Services does not charge its lease customers for excess wear and use damage