LEASE END & VEHICLE RETURN OPTIONS
As your auto lease comes to an end, it’s time to start thinking about returning your leased vehicle or exploring a lease purchase. North Hollywood Toyota certified “Lease Retention Department” provides several vehicle lease end of term options. If you’ve fallen in love with your automobile and you don’t want to turn it in, you can apply to purchase your leased vehicle. Or you might be ready to return your leased vehicle and get a new one, so you’ll need to know the steps and procedures involved in returning your leased vehicle and where to return it.
Please call (818) 508-2900 and ask for the Lease Retention Department
LEASE PURCHASE OPTIONS
As a leased Toyota vehicle customer, you have the option to purchase your leased vehicle. With a lease purchase buyout, you won’t get charged for excess miles, wear and use, or disposition fees and you get to keep your car.
SIMPLE STEPS TO RETURNING YOUR LEASED VEHICLE
Please follow the steps below to ensure a smooth return of your leased vehicle:
- Complete the free vehicle inspection, call and schedule your free inspection at 855-40-MY-TFS. One of the Toyota Financial authorized vehicle lease inspection company will schedule an appointment at your convenience.
- We encourage you to be present at the time of the inspection and maintain a copy of the Vehicle Inspection Report for your records. This will outline any wear and use to the vehicle, if any, that you will be responsible to pay.
- If you have leased your vehicle from North Hollywood Toyota, we encourage you to return your vehicle to our location.
- Call (818) 508-2900 and ask for the Lease Retention Department to set up a date and time.
- Return your leased car or truck on or before the lease maturity date to avoid incurring additional charges. A Lease return specialist at the North Hollywood Toyota will complete the Federal Odometer Statement indicating the vehicle’s ending mileage. Please make sure that you and the Lease return specialist sign and date the statement.
- Upon return of your leased vehicle, you might be assessed a disposition fee, if outlined in your contract.
Please remember you are fully responsible for your lease until all of the steps outlined above have been completed and the vehicle is returned to North Hollywood Toyota. After your vehicle has been returned, you will receive an End of Term Obligation Letter outlining any charges due to satisfy your lease obligation.