Why Lease a Toyota
Why Lease A Toyota at Falmouth Toyota
Why Lease A Toyota
at Falmouth Toyota
About Leasing:
People change. Vehicles change. Toyota's available leasing programs along with Falmouth Toyota lease specials give you the opportunity to lease a new Toyota at a low monthly payment every few years. Customers love leasing! It keeps you in a warrantied vehicle, you always have the latest Toyota features, and you can customize a budget that suits you with an affordable lease plan.
With a Toyota lease from Falmouth Toyota, you may pay less cash upfront (as little as zero down) and enjoy lower monthly payments than you would if you were financing your new Toyota vehicle. You also have the flexibility of turning the vehicle in without having to worry about the hassle of selling or trading it at the end of the lease.
We offer a variety of lease terms on new Toyotas through Toyota Financial Services to best meet your needs.
View Lease Specials| Advantages of Leasing:
Other than a low down payment and low monthly payment, there are many other benefits to leasing a new Toyota.
- ToyotaCare Warranty with roadside assistance
- Routine maintenance is fully covered.
- Avoid financing towards a depreciating vehicle.
- Drive the latest models with the best technology.
| Disadvantages of Leasing:
While leases benefit many drivers, there can be some disadvantages.
- Mileage limits and possible overage fees.
- You are locked into your vehicle (with the rare exception) for the entire length of the lease contract.
- A leased car cannot be heavily modified or customized.
Details of Leasing:
| Due at signing:
Signing a lease may require some money down, including:
- First month's payment
- Lease acquisition fee
- Registration & inspection
- Massachusetts tax
- Capitalized cost reduction
| Purchase Option:
You have the option to buy your vehicle out at the end of the lease for the residual value. This benefits customer who really love their lease and are ready to own, or if you went over your allotted milage and want to avoid paying the penalty.
| Milage limits:
The standard lease terms are 12,000 or 15,000 miles per year, but you can lease for 18,000, 20,000, 25,000 or even as much as 30,000 miles per year. In fact, if you are a high mileage driver, leasing makes even more sense because you are depreciating the vehicle so quickly that you are almost certainly going to be in a negative equity situation after a few years of financing.
| Lease-end charges:
There are very few if any charges due at the end of the vehicle, especially if you have kept your vehicle out of harms way and have not exceed your allotted miles.
A disposition fee is only paid if you turn in the lease and walk away from Toyota entirely. If you buyout the lease, lease a new Toyota or purchase/ finance a new Toyota, then you do not pay the disposition fee.
Visit our Toyota Warranty & Protection page to learn more about plans available when leasing your New or Used Toyota at Falmouth Toyota.
Love It or Lease It
If you still have questions on whether you should buy a new Toyota or lease one, visit the official Toyota Financial Lease website and take the "Buy or Lease Quiz". With just a few simple questions, they'll give you their opinion on which best fits your needs.