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Lower Payments: since you are actually only financing a portion of the entire vehicle price, payments on a lease are usually much lower than on a purchase. This allows you to get more options/features at a shorter term than if you would purchase.
No Negative Equity: Since the "Residual" (amount the vehicle is estimated to be worth at the end of the term) is calculated in advance, you’ll never have to worry about current market conditions leaving you with negative equity at the end of your lease. Most people get the "itch" to trade out of their current vehicle after about three years; which happens to be the average lease term. On a purchase of 60-72 months, you are usually still "upside down" after three years and would have to roll the negative equity into the new loan. On a lease, you simply turn it in without the worry of negative equity!
Latest and Greatest: Vehicles today are similar to cell phones and other technological gadgets. Just when you get latest and greatest version...they come out with a better one! Toyota technology evolves at a rapid pace and you know something new and better is always around the corner. Why not get the most updated features every three years?
Lower Maintenance Costs: With "Toyota Care" for the first two years on all new vehicles, people who lease a vehicle are typically only going to have to pay maintenance on their vehicle for one year. The first three years is also when the vehicle is less likely to have expensive maintenance costs like new tires, etc.
Warranty Coverage: The Toyota factory comprehensive warranty is 3 yrs/36k miles; this pretty much covers most standard leases, so you won't ever have to worry about putting money out of pocket. On the contrary, 5-6 year purchases leave you with 2-3 years of possible out of pocket expenses at a time when your vehicle is
Lease a new 2014 Tundra Crewmax: $299 a month / for 36 months / with $2499 DUE AT SIGNING. Amount due at signing includes DOWN PAYMENT of $2200, FIRST MONTHLY PAYMENT of $299 and no security deposit. Tax, title and license are extra. Based on MODEL 8259, TOTAL MSRP $33974, & NET CAPITALIZED COST of $31128. Higher MSRP with additional options available with relative payment. LEASE END PURCHASE OPTION is $20050 plus tax, title and license. Customer is responsible for disposition fee of $350 (or less if required by state law), and excess wear & tear and 15 cents per mile over 36,000 miles. Dealer participation may affect final negotiated price and applicable taxes. NOT ALL CUSTOMERS WILL QUALIFY. Payments are calculated using TFS tier 1+ rate. Other tier credit payments are higher. Special financing available for a limited time to qualified buyers through Toyota Financial Services and participating Toyota dealers. Dealer sets final price. Special Lease offer requires application of $0 TMS/TFS/GST lease subvention cash. Pictures for illustration purposes only. Offfer expires 3/31/14