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When it's time to get a lease, you don't want to end up leasing from a dealer that puts you in a bind with a bad deal or leaves you in a contract with unacceptable terms. What you need is a leasing agent that works the lease out to benefit your financial situation. You need a lease that offers you the best deals available in your area. At Romeoville Toyota, we offer you the best Toyota lease deals in Illinois.
If you want to lease a Toyota, then you need to know all the ins and outs about leasing, the right options that are available to you, and leasing from a dealer you can trust. At Romeoville Toyota, we pride ourselves on not only having the option to lease but leasing available for a wide variety of different Toyota vehicles. We carry many of the popular models from Toyota, including sedans, trucks, crossovers, SUVs, and even hybrids. Need something small and compact for day-to-day errands? Maybe you need a larger vehicle for the family? How about something eco-friendly and light on your wallet when it comes to fuel economy? Whatever you require, we have Toyota lease deals available to accommodate your needs.
Toyota has such a fantastic line-up of vehicles it's sometimes tough to decide what you want to drive. Do you want style and class in the form of a four-door sedan like the highly popular Toyota Camry? Maybe you're in the mood for an executive luxury car like the Avalon? Perhaps you have that itch to go off-road with the Tacoma? Or maybe you need a full-size SUV for the whole family and your thirst for adventure, so you have an eye on the Land Cruiser?
There are so many different options that sometimes indecision can set in, especially if what you want to drive today may not be what you want to drive a year or two from now. That's the beauty of leasing. Unlike a typical new car purchase where you have to commit to a car and look for affordable financing, leasing allows you to drive the vehicle for a fixed monthly payment for a limited amount of time. After the end of your lease, you also get the opportunity to switch to a new vehicle, a different model, or you can even buy the car you leased in most cases.
That's another benefit of leasing: you can try out different vehicles at the end of your lease term and find something more suitable if you want.
With Toyota's line-up of vehicles being readily accessible, always reliable, and designed to accommodate just about every walk of life, the option to lease before buying makes it a great opportunity to explore Toyota's brand before you make any long-term commitments.
If you want to enjoy a new Toyota without making a major commitment, then a lease could definitely be right for you. Deciding on whether you should lease a Toyota or not really comes down to a number of pretty simple factors. Perhaps the biggest thing to consider is how important owning a vehicle is to you, compared to driving a car without outright buying it.
If you are someone who really places a lot of value in owning something like a car, then a Toyota lease might not be right for you. There is certainly something to be said for ownership, and we understand that a lot of our customers are looking for a long-term investment in a vehicle that they can enjoy for a decade or even more. That is why we are quick to say that a lease is not the right option for everyone. But if you do not actually care about owning a car, then a lease can be a great way to go.
How you plan on using your vehicle can also dictate whether a lease is right for you. If you like having the freedom to drive anywhere, put as many miles on your car as you want, and you want to be able to make modifications and customize your vehicle, then a lease is probably not the right choice. But if you do not care about aftermarket changes and you do not tend to put a huge number of miles on your car each year, then a lease can definitely be right for you.
There are quite a few big reasons that people choose to lease a Toyota, not the least of which are the freedom that a lease provides and the ability to enjoy a new car every few years. Buying a car is, for most people, a major investment and a big decision – if you are going to be driving and owning a vehicle for six years or more, then you want to make sure you get the perfect one. With a lease, you have the freedom to change to a new vehicle when the lease term is up, so you do not have to feel tied down to one vehicle for too long.
This freedom also means you get to drive a new car every time you get a new lease; while someone who buys a car is going to be driving it for a long time, you get to enjoy all of the new features that come around with each new model year. For some people, this is not a big deal, and they are happy to get the most from a car that they buy, but a lot of drivers choose to lease their car so that they can switch to something new on a pretty regular basis.
Finally, some people choose a lease as a way to save money while enjoying a vehicle that they might not be able to easily afford otherwise. Monthly payments on a lease are typically less than paying off a loan while buying the same vehicle – the difference can be quite substantial. A lot of people use leased cars for business purposes, and they are able to write off the expense of the lease, or part of it, from their taxes each year.
What is the length of a leasing period?
While this can vary somewhat from one lease to another, most leases have a term of either two or three years. It is not unheard of for a lease to go for four or five years, however, depending on the deal.
A lease will place limits on how many miles you can put on the vehicle each year while you are driving it. Going over these limits will incur fees at the end of the lease, with a flat rate owed for each mile over the limit. When you are figuring out the terms of the lease, you can typically choose from different mileage limit options, so consider your driving habits and be sure to pick a limit that will work for you.
You are effectively paying for the depreciation that you put on a vehicle while driving it on a lease. When you sign a lease agreement, the “capitalized cost” represents its current value, while the “residual value” is what the car is worth at the end of the leasing period – the difference between those two is the depreciation that you are paying.
When looking at a lease, the money factor is basically the interest that you pay while leasing a vehicle, but it is calculated differently from interest on a loan, so the numbers will look different. Just like with interest, however, the lower the money factor, the less you pay.
Gap insurance covers you if something catastrophic happens to the vehicle, such as it being stolen or made unusable in a collision. Without gap insurance, you would still be on the hook for the difference between what your insurance company is willing to pay for the vehicle – based on depreciation – and its original full value. You never want to lease a vehicle without this.
In general, when your lease comes to an end, then you will need to return your vehicle to a Toyota dealership – the one you got it from is often best. Exactly how you do that and what you need to do will depend on what you want to do after your lease period ends. You have three options available to you, and your end-of-lease process can vary depending on what you want to do. It is best if you consider this and figure out what you want to do at least 90 days before the end of your lease term.
If you want to buy your car, now that you have had a chance to enjoy it for a few years, then you can easily set that up. You can either buy it outright or figure out financing for the remaining cost of the vehicle, and that can all be worked out with Toyota Financial Services. This is the easiest way to go and involves very little other paperwork.
Your other two options are either returning the vehicle without getting a new model or returning your leased Toyota and replacing it with another car – either buying one or leasing a new one. In either case, you will need to set up an inspection for your current leased vehicle, which needs to happen within 60 days of the end of your lease. During this inspection, you will be notified if there are any issues that need to be addressed before you return your vehicle.
Within 30 days of the end of your lease, you can schedule a turn-in date and time, handle any necessary repairs, and make sure you have all of your paperwork and everything else for the vehicle. You then return it to a Toyota dealership, sign an odometer statement, and go through a quick turn-in process. At this point, you are free to walk away or look at another vehicle to buy or continue with a new lease. Many people will choose a new Toyota lease at this time to get to enjoy the features of a brand-new model, and this can help avoid some end-of-lease fees.
We are a dedicated dealer servicing Romeoville and beyond with reliable Toyota vehicles. Anyone who comes from any of the major Illinois regions will find that we have the best selection of Toyota cars, trucks, SUVs, and hybrids available, both new and used. Our diverse inventory of various Toyota makes, models, and trims gives us an edge over the competition, as you can very readily find exactly what you need using our comprehensive online tools to search through the catalog of available vehicles.
We offer you easy-to-use tabs where you can find the year, model, trim, fuel type, powertrain, and feature sets that you happen to be shopping for. This includes everything from the amount of seat rows you need, the technology you want, such as Apple CarPlay or Android Auto, as well as drivetrain configurations such as front-wheel, rear-wheel, or all-wheel drive. We make it easy to filter results based on color, body style, mileage, and even the price, so you can very conveniently find something that not only fits within your designated budget but also comes fully equipped with all of the features you desire.
Our Toyota Express Store also makes it easier than ever to shop online and buy with confidence. At Romeoville Toyota, the Express Store represents a fast and convenient way to go through a simple 6-step process, from choosing your vehicle to having it delivered directly to your home or office. With our Express Store, simply choose the model you want, unlock the instant pricing, trade-in your old vehicle, complete the credit application, wait for the final review, and then a delivery specialist will arrive at your doorstep with all the final paperwork and your new car. We will even pick up your trade-in too. It's easy, convenient, and fun!
Shopping for a new or pre-owned Toyota has never been made easier than our online shopping tool, which gives you instant upfront pricing with no hidden costs or extra fees tucked away and out of sight. Unsure about what you want? No problem. Use our online research tool to find out more about the different Toyota model years and brands, so you can get caught up and informed on exactly what fits your lifestyle and what you can afford.
We are here are you, with a great variety of services and features to help ease you into purchasing or leasing a new or used Toyota. We offer hassle-free benefits such as new and used sale specials, incentives for low-interest rates, cash back on select inventory items, and even super low deals on lease signings. We also offer great discounts and deals on Toyota service and maintenance, including wheel alignments, battery checks, oil changes, tire rotations, and more. We also embrace the ToyotaCare initiative to ensure that your vehicle receives the best service possible, whether it's having new brakes installed, replacing parts, ordering OEM parts, or having bodywork done at our collision center.
Our vehicle upgrade program also allows you to trade in your current vehicle towards a newer car at the same or lower payment while still keeping it under warranty. If you need help with purchasing a new or used vehicle, our finance department provides you with all the tools you need to value your trade-in or apply for financing within minutes. You can also use our payment calculator to find out how much you can afford to pay each month and what Toyota vehicle will accommodate your budget on a monthly basis. Feel free to chat with one of our representatives from the finance department right now to find out how you can benefit from our sales specials and discounts today.
Don't put off buying or leasing a Toyota. Browse through the Romeoville inventory to find a Toyota you desire and then take the next step by getting the financing you need to drive away with your new car, truck, or SUV. If you're worried about costs, use our Under $10K section to find a used vehicle with low monthly payments and very little down, or use our Express Store to get what you want and have it delivered to you in no time flat.
There's a reason why our customer testimonials are 5-star rated and filled with positive feedback about service, promptness, and pricing. It's because we go out of our way to deliver the service you need with the quality you deserve. You can call or chat with a Romeoville sales representative today to ask more about our inventory, schedule a vehicle service, or stop by the dealership to test drive some of our amazing Toyota models and see which one fits.
