Toyota Lease Advantage

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The Toyota Lease Advantage offers flexibility and affordability to people who want the benefits of owning a car but still like to upgrade to the latest models whenever they want. This program is the ideal choice for anyone interested in driving the newest Toyota vehicles.

Why Choose Toyota's Lease Program

Enjoy one of the primary benefits of leasing through Toyota right from the beginning with no down payment. Most models don't require a down payment while still giving you affordable monthly payments. These payments are often lower on leased cars than on a purchased car because you are only paying for the depreciation that occurs while you drive the vehicle. Since Toyota is well-known for its vehicles holding their residual value longer than other brands, they are often less expensive to lease than its competition.

You set the term between 24 and 60 months based on how long you want to drive the vehicle. At the end of the term, you can upgrade to the newest model or try out another new Toyota model. This option is ideal if you enjoy having the car with the latest technology and features. Plus you don't have to worry about selling your vehicle or trading it in.

 

About the Program

Anyone interested in leasing a Toyota vehicle will need to fill out an application. You can select the model you are interested in and the length of the term for leasing. At the end of the term, you will then decide if you want to purchase the vehicle or return it to your dealer and purchase or lease another new model.

Leases in the Toyota Lease Advantage program come with Guaranteed Asset Protection or GAP coverage. If you are in an accident and your car is declared a total loss, GAP pays the difference between what the insurance pays for the claim and the amount owed on the vehicle. This protects you from having unplanned expenses that you must pay out of your own pocket.

Leases in Toyota's program are closed end. This means that you know ahead of time the payoff amount if you want to purchase the vehicle at the end of your lease term. If the value is higher for your model, you won't have to pay extra. When the value is lower, you can return the vehicle and pay nothing.

Your main obligation in a lease program is to take care of your vehicle and maintain it properly. You will be limited to a certain number of kilometres annually, but Toyota offers flexibility based on your needs. You must take care of it mechanically as well as maintaining the physical appearance.

If you are ready to lease your next vehicle, stop by your local Greater Vancouver Toyota Dealer - West Coast Toyota. We can assist you in learning more about leasing a new Toyota vehicle. With the large selection of Toyota models available at West Coast Toyota, you can find the right Toyota for your first lease.

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