Lease-End Options: Choose A New Lexus |
Buy Your Current Lexus
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Turn In Your Lexus
OPTION 1: Choose a New Lexus
You love your Lexus, but you are ready to drive something new. Visit lexus.com and explore the full lineup of exceptional Lexus vehicles. For a more personal experience, visit your Lexus dealer who can help you select the perfect model for you. Once you have chosen your new vehicle, we will be here to walk you through your financing and leasing options.*
The next step: Go to
Turn in Your Lexus
below for steps on how to return your currently leased Lexus vehicle.
OPTION 2: Buy Your Current Lexus
You’ve come to know and love your Lexus inside and out, and now want to make it your own. Besides the appeal of ownership, you’ll avoid excess mileage/wear and use charges when you choose to purchase your current vehicle.
The path to ownership is as easy as following these simple steps:
1. Verify your payoff amount
View your payoff information in your account, or give our lease-end specialists a call at 1-800-286-0653.
2. Estimate your monthly payments
Use the Lease-to-Purchase Payment Estimator within your account, to estimate what your monthly payments may be when you finance the amount through your participating Lexus dealer and LFS1.
3. Contact your originating dealer
The Lexus Customer Loyalty Director at your leasing dealer will review the details of your lease agreement with you and provide any required documentation.
4. Choose a purchase method
Arrange financing at your Lexus dealer through LFS1,2. Or, to purchase your vehicle in one lump sum, contact LFS at 1-800-286-0653 to attain the necessary sales documents.
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OPTION 3: Turn In Your Lexus
The idea behind an exceptional experience is exceptional service. That’s why we make every phase of leasing a Lexus as easy and straightforward as possible:
1. Give us a call 60-90 days before your lease ends at 1-800-286-0653
Our lease-end specialists will review the details of your lease agreement with you, such as your originating dealer information and actual lease-end date.
2. Assess your vehicle's condition using the Wear and Use Guidelines
Unrepaired damages exceeding normal wear and use may result in charges at lease-end.
3. Make all necessary repairs
Your Lexus dealer can often help with cost-effective repairs if needed. Arranging for these repairs upfront may save considerable expenses later on and may be covered by your insurance policy. Contact your auto insurance representative and retain all repair receipts.
4. Schedule an appointment with your originating dealer to return you Lexus
5. Return your Lexus to your originating dealer
At this time, you will be required (by law) to turn in a completed Odometer Statement (download free Adobe® Acrobat® Reader™ to view PDF files). Remember to bring all keys, owner's manuals, and any original equipment (tonneau/cargo cover, headrests, spare tire, etc.) removed from your Lexus to the appointment. Within approximately two business days, an independent inspection company will perform a comprehensive inspection to determine any excess wear and use and/or mileage fees.
6. Meet outstanding lease payment obligations and cancel electronic payments It is your responsibility to clear any possible past due payments, late fees, property tax and any other charges that may be due under your lease contract.
Once the independent inspection of your vehicle is complete, charges may be due if your Lexus surpassed normal wear and use and/or mileage limits. These charges, along with any remaining liability for unpaid citations and taxes, etc. are payable to Lexus Financial Services upon receipt. All charges may be subject to sales tax. Refer to your lease agreement for a description of your rights and obligations upon termination of your lease.
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Exceptional is only the Beginning
Lexus Financial Services will ensure your entire financing experience is built to enhance your Lexus driving experience. Simply contact us at 1-800-286-0653 if you have any questions.
NOTE: As part of a like-kind exchange program, Toyota Motor Credit Corporation ("TMCC") has engaged TQI Exchange, LLC ("TQI") as a qualified intermediary. You are hereby notified that TMCC has assigned to TQI its rights (but not its obligations) in the agreement for the sale of the vehicle described in your lease agreement.
* On approved credit through you participating Lexus dealer and Lexus Financial Services.
1 On approved credit.
2 Or another financing organization.
You can terminate your lease at anytime; however, early termination can result in substantial cost.
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