Lease-End Options in Memphis, TN
Lease-End Options in Memphis, TN
There are many more options than you might know of for the conclusion of your lease. Simply returning your lease and being done with the vehicle is one choice but not the only one. If you’re interested in leasing your next Toyota from your friends at Chuck Hutton Toyota, we’d love to inform you further about the specifics of leasing, its benefits and your options for returning or buying after you sign on the dotted line and drive it for the specified amount of time. Read on to discover more about your leasing options with us:
What is a Lease?
Leasing is simply like renting a car long-term. It gives you the ability to drive a new Toyota without the hassles and responsibilities of owning said vehicle. Making monthly payments for a few years and returning at the end of your contract are several normal parts of leasing as well as mileage limits per year or per contract. If you drive more than average, that can also be worked into a leasing contract.
Benefits of Leasing
One huge plus of leasing a vehicle is that the monthly payments, as well as the down payment, should be lower for a lease versus traditional financing for the purpose of ownership. Another benefit is that all major repairs and replacement should be covered since most lease periods fall within a new car warranty. You’ll only be responsible for regular maintenance like oil changes, alignments, etc. and almost everything else will be covered under the warranty during the period of your lease.
Leasing gives you the distinct benefits of convenience and flexibility. If you enjoy driving a new vehicle more often than not, leasing might be best for you since it gives you an easier opportunity to upgrade rather than having to sell or trade your model in. It makes it even easier to get the latest tech upgrades, safety innovations and fresh interiors every few years.
Your Lease-End Options
When your lease is up, you’ll have three options to choose from:
Happy with your Toyota but don’t want to buy it? No problem. Simply give us the model back and pay any fees you owe. Or, if you'd like to upgrade to the newest edition of the model you’ve had (or if you’re ready to try a different Toyota altogether), simply trade in your model for another one. But if you’ve fallen in love with the vehicle you’ve had for years, you can purchase your vehicle at the end of your lease.
For more information or to discuss your lease-end options further, contact us today or stop by our dealership at 4601 Hutton Way, Memphis, TN 38116 . And don't forget to check out our current new car specials to see if you could get an exceptional lease offer on the vehicle you want. We look forward to serving our customers near Southaven, Whitehaven and Goodman Road Area.