Lease End Options | Draper UT | Near Salt Lake City & Orem

Karl Malone Toyota

Lease End Options in Draper, UT

What to Do When
Your Lease is Up?

It may feel like it was just recently that you signed your papers and took off in your newly leased vehicle, but the time has flown by and your lease is about to end. At this point, you may be wondering what options you have, and it's important to note that you can do more than just simply return the vehicle once your time is up.

If you're interested in learning more about your options when your lease end arrives, check out the information below. Depending on your particular situation and personal wants and needs, there may be an option that works best for you. And, as always, feel free to reach out to us if you have any questions.

What Do I Do at
the End of My Lease?

Return the Vehicle

After reviewing your options at Karl Malone Toyota, you may choose to return your vehicle because it’s beneficial to your wallet. The only additional payments you may have to make involve any mileage you’ve accrued over your lease’s maximum terms, as well as any damages, but, only if this works for YOU.

Keep the Vehicle

If you've grown fond of your vehicle over the term of your lease, you absolutely have the option to purchase it outright. This can be advantageous if the car has retained its value well. The only part you need to pay now is simply the part you have not paid yet!

Trade in the Vehicle

Life has a funny way of changing our vehicle needs so you may decide to get a different vehicle at any point during the lease term. If you choose to trade in your currently leased vehicle, the deal would then work just like a standard finance deal. You would simply come to Karl Malone Toyota to review your options. By doing this, your mileage will not be penalized.