With a lease, you generally pay less cash upfront and enjoy lower monthly payments than you would if you were financing your vehicle. You also have the flexibility of driving a new vehicle every few years, without having to worry about selling your vehicle at the end of the lease.

Ask your dealer about leasing through Toyota Financial Services. We offer 24-60 month lease terms

Lease Details

• Costs at lease signing. The amount you pay at lease signing is generally lower than the amount you pay at the beginning of a finance contract. This amount may include the following:
  
  • first month's payment
    acquisition fee
    
  • refundable security deposit
    
  • taxes and fees
    
  • capitalized cost reduction (similar to a down payment)
    
• Purchase option. You'll have the option to purchase your lease vehicle during the lease or at lease-end.*
  
• Mileage limits. The total allowable mileage disclosed on the lease agreement is calculated by dividing the number of months in the term by 12 and multiplying this amount by 15,000 (standard lease) or 12,000 (low mileage lease). For example, a standard lease with a 36 month term is calculated as follows: 36 month term divided by 12 = 3 years; 3 years multiplied by 15,000 miles = 45,000 total allowable miles.
  Lease-end charges. You will be charged for any excessive wear and use.*
  
• Early termination charge. If you terminate your lease early, you will be required to pay an early termination charge. This amount may be substantial.
  
• Tax benefits. If you use your lease vehicle for business, you should consult with your tax advisor regarding potential tax benefits.
  
  

SINGLE PAYMENT LEASE OPTIONS
1 Pay Lease Program

Want to enjoy the benefits of leasing, but prefer to pay cash? The 1 Pay Lease Program allows you to prepay all your monthly lease payments at lease signing.

This means you can save money and avoid the hassle of monthly payments.

END OF LEASE OPTIONS

With a TFS lease, you have two primary options to choose from at lease-end:

• Option A: Purchase Your Vehicle

Buying your Toyota is a great way to continue benefiting from its reliability, performance, and high resale value. If you decide to buy your vehicle, there is no need to worry about having it inspected, since there are no wear and use or excess mileage charges to worry about!

Some of the key features of this option include:

• Keep the vehicle that you know and love
  
• Avoid excess mileage/wear and use charges
  
• Quality used vehicle with a history and service record you're personally familiar with
  
  
  
• Option B: Return your vehicle at the end of your lease and satisfy your remaining obligations as described in your lease contract

If you choose not to take advantage of the benefits of getting a new Toyota before your lease ends, and don’t wish to purchase your vehicle, you may return your vehicle at the end of your lease. Please consult your lease to see any additional charges that may be due at the end of your lease.

Some of the key features of this option include:

• No need to sell your vehicle — just return to any Toyota dealer
  
  
  
  
  Option C: Return your vehicle before the end of your lease and satisfy your obligations as described in your lease contract.
  
  

New Vehicles

Hours:

If you finance your Toyota...

You own the vehicle.
You have no mileage restrictions.
You can customize the vehicle.
You can expect to pay a minimum down payment of 10-15% of the vehicle's value.
You pay for your vehicle and related finance charges, in monthly installments, over the contract term.

If you lease your Toyota...

You generally pay lower monthly payments than if you financed the same vehicle.
You have the option of buying or returning the vehicle to Toyota Financial Services at the end of the lease.
You don't need to find a buyer for your current vehicle or negotiate its trade-in value at the end of the lease.
You have the flexibility to change or upgrade your vehicle every few years.

College can be difficult. We want to make it easier for you by offering the College Graduate Finance program.
What You'll Get:

• $400 toward the purchase of a new Toyota to qualifying graduates
  
• No money down and no monthly payments for 90 days
  
• Complimentary Roadside Assistance for one year.

How to Qualify

• Get that degree! To take advantage of the program you must:
  
  • have graduated from an accredited four-year college, university, or registered nursing degree program during the last two years or graduate from such a school/program within the next six months,
    
  • have graduated from an accredited two-year college during the last two years, or
    
  • be enrolled in an accredited graduate degree program or have received a degree from an accredited graduate degree program during the last two years.
    
    
• Get a job! Show proof of future employment, with a start date within 120 days of your purchase. Toyota Financial Services (TFS) must deem your salary sufficient to cover living expenses and vehicle payments.
  
• Get insured! Bring proof of collision insurance, as required by TFS. See your dealer for details.
  
• Minor credit lapses allowed! Obligations paid within 60 days or less of the due date and non-credit related (e.g., rent, utilities, health club membership, etc.) charge-offs less than $250 are acceptable.
  -iFinance

For those with limited credit history, financing or leasing a vehicle may be a challenge. But Toyota Financial Services (TFS) has a program designed especially for you. The iFinance program allows you to drive off in a new Toyota Corolla, Matrix, Tacoma, or Yaris without a co-applicant.

Both finance and lease contracts are available. With a TFS finance or lease contract, you can start building your credit history. Just meet the following criteria:

• Credit Line. At least one satisfactory credit line (minimum $500 trade line) open for at least one year, and no adverse credit.
  References. Five personal and verifiable references.
  
• Employment. A full-time job, which you've held for at least six months.
  
• Sufficient Income. Your income must be enough to cover ordinary living expenses and vehicle payments, and be consistent and verifiable. Your monthly payment may not exceed a certain percentage of your gross monthly income.
  
• Vehicle Insurance. You must show verifiable proof of insurance, as required under the terms of your contract.
  
• Maximum Advance Limit. Maximum advance of 100% of original dealer invoice including dealer-installed accessories, tax, title, and license, plus rebateable insurance products (i.e. GAP, VSA, TAC, credit life and disability insurance).
  
• Minimum down payment. Minimum down payment is equal to the difference between the amount you choose to finance and the maximum advance, or $18,000, whichever is less
  
• Other restrictions apply.

Time to buy a new vehicle? When was the last time your finance company gave you something back? At Toyota Financial Services (TFS), we reward our repeat customers through the Encore Program.

If you've previously financed or leased a vehicle through TFS, you may be eligible for special benefits.

Ask your salesperson if you qualify for the Encore Program.