Frequently Asked Questions
General FAQs
Your options are simple. You may:
- Turn in your vehilcle and purchase or lease a new Lexus.1
- Purchase the vehicle you're currently driving.
- Return your vehicle to your Lexus dealership.
1 Options are available on approved credit through your dealer and Lexus Financial Services. Not all applicants will qualify. Additional options are available. See your dealer for details.
*Your originating Dealer is required to process the vehicle return. Most Toyota and Lexus Dealers will process a return even if they did not originate the lease, but we recommend contacting them to confirm and schedule a turn-in appointment.
Check out our Lease-End Guide that provides details on considering your options, timing for an inspection, excessive wear and use, and finalizing your decision.
Our Lease-End Guide provides an overview of the lease-end process, and checklists to help guide you through the before, during, and after your return.
The vehicle must be returned to an authorized Toyota or Lexus Dealer. We recommend contacting your originating Dealer* to schedule your turn-in appointment. Your originating Dealer is required to process the vehicle return.
If you return the vehicle to a third-party dealership, this is an unauthorized third-party vehicle return and you remain responsible for all obligations under the lease agreement until we receive the payoff funds and all required documentation, or the vehicle is delivered to a Toyota or Lexus Dealer.
*Most Toyota and Lexus Dealers will process a vehicle return even if they did not originate the lease, but we recommend contacting them to confirm and schedule a turn-in appointment.
The vehicle must be returned to an authorized Toyota or Lexus Dealer.* If you've moved since you began your lease, use our easy dealer locator to find a participating dealer near you. We recommend contacting the dealer to schedule your lease turn-in appointment approximately 30 days prior to your lease maturity date.
*Your originating Dealer is required to process the vehicle return. Most Toyota and Lexus Dealers, while not required, will process a return, even if they did not originate the lease, but we recommend contacting them to confirm and schedule a turn-in appointment.
Your originating dealer is the dealer where you began your lease. This dealer can help you choose your next Lexus and turn in your current leased vehicle.
The vehicle must be returned to an authorized Toyota or Lexus Dealer. We recommend contacting your originating Dealer* to schedule your turn-in appointment. Your originating Dealer is required to process the vehicle return.
If you return the vehicle to a third-party dealership, this is an unauthorized third-party vehicle return and you remain responsible for all obligations under the lease agreement until we receive the payoff funds and all required documentation, or the vehicle is delivered to a Toyota or Lexus Dealer.
*Most Toyota and Lexus Dealers will process a vehicle return even if they did not originate the lease, but we recommend contacting them to confirm and schedule a turn-in appointment.
Yes, just give your dealer a call 30 days prior to your lease maturity date to schedule your lease turn-in appointment.
Bring your clean, leased vehicle along with:
- Your LFS Odometer Disclosure Statement
- Tool kit and spare tire, if applicable
- All sets of keys (masters/remotes/valet), if applicable
- Owner's Manuals
- Any original equipment on your vehicle at lease inception (radio, headrests, 3rd row seat, tonneau/cargo cover, etc.)
As a heads up, if you don't return the original equipment or keys at the end of your lease, you may receive additional charges based on the terms of your lease agreement.
Yes, to minimize any potential delays processing your lease return, you can notify us of your return by logging on to Lexusfinancial.com or your Lexus Financial Services App and follow the Lease End return prompts. You can also notify us by telephone at (800) 874-7050 using our automated system or speaking with a live agent.
At the Dealership
- Confirm the Dealership will accept the return. Only your originating Dealer is required to accept your lease return. To minimize any potential delays processing your lease return, you can notify us of your return by logging on to Lexusfinancial.com or your Lexus Financial Services App and follow the Lease End return prompts. You can also notify us by telephone at (800) 874-7050 using our automated system or speaking with a live agent.
- Sign an Odometer Statement and ask for a copy for your records. Capture the name of Dealer associate that helped with the return.
- If you did not complete an inspection prior to returning, one will be completed within a few days of your return. Feel free to take pictures of the condition of your vehicle.
After Return
- LFS will send you a Lease-End invoice if you have any unpaid payments, late fees and miscellaneous charges. The invoice will also include Excessive Wear and Use charges, Excessive Mileage charges, and Disposition Fee if applicable. These items may be taxable.
- If you had a security deposit, it will be returned to your home address via check. It will be used to first pay any Lease-End invoice charges, if applicable.
- Cancel Any Electronic Payments.
Leading up to lease-end, you'll receive various communications from LFS about your options and things you need to do. Be on the lookout for information from us through lexusfinancial.com, email and/or phone calls.
This is the date when your lease agreement ends and your vehicle should be returned to a Lexus dealer (unless you choose the option to purchase your leased vehicle).
You may return your vehicle prior to your lease maturity date; however, early termination fees may apply. For more info about turning in your lease early, refer to your lease agreement, or contact LFS at 1-800-874-7050. You may also reach out to your dealer to get answers to any questions you have about your options.
Like you, we hope you have no charges2 on your lease-end, but it's possible these may be included, if applicable:
- Excess wear and use
- Excess mileage
- Disposition fee
- Any past due and unpaid monthly payments
- Any other miscellaneous charges (e.g., unpaid late payment fees, taxes, tolls)
- Any other charges due under the terms of your lease agreement if your lease was terminated early
2Charges may vary based on the terms of your lease agreement, whether any optional protection plans were purchased and such coverage applies.
Great question - it varies by state. Please contact your Toyota dealer or the DMV if you have questions about how this applies to you.
Yes, and this is one people forget. If you've returned your vehicle, please remember to cancel any automated payments you may have set up through either lexusfinancial.com or your bank.
First, great decision. Next, get a payoff quote by logging into your LFS Online Account or contacting LFS at 1-800-874-7050. If you need financing, you can head straight to your dealer for help.
Just bring your vehicle back to your Toyota dealer at the end of your lease and they can help you with the rest.
Wear And Use FAQs
It may seem obvious, but damage that is beyond normal wear and use is considered excessive.
If it would be helpful to see some examples of what's considered excessive, please take a look at our Wear and Use Guidelines. We also recommend reviewing your lease agreement as it includes additional excess wear and use information specific to your vehicle.
As a reminder, the examples provided may not include all instances of excessive damage that could subject you to additional charges based on the terms of your lease agreement.
Yes. In fact, we encourage you to schedule a complimentary inspection3 and to review the Wear and Use Guidelines to see whether your vehicle has wear and use that is considered excessive.
If repair work is needed and you'd like to make repairs prior to turning in the vehicle, your local Lexus dealer is a great option for assistance. Be sure to keep all of your receipts for repairs made and review your insurance policy to see if any items may be covered.
If your damages exceeding normal wear and use aren't repaired, it may result in charges at lease termination.4 All charges may be subject to sales tax.
3 Available only to Lexus Financial Serviceslease customers that do not reside in Alaska or Hawaii and whose leases did not originate in New Hampshire or Wisconsin.
4 If repairs are made to your vehicle, you or the dealer may request an inspection upon turn-in. Under certain circumstances, Lexus Financial Services does not charge its lease customers for excess wear and use damage. See your lease agreement for additional information.
This is a complimentary service conducted by an independent inspection company to assess the condition of your vehicle and provide an estimate of wear and use charges that could be due at lease-end.3
3 Available only to Lexus Financial Serviceslease customers that do not reside in Alaska or Hawaii and whose leases did not originate in New Hampshire or Wisconsin.
It's super easy. You can either call (855) 90-MY-LFS or visit AutoVIN 15 to 60 days before your lease ends to schedule an appointment.3
Remember to have your VIN number and LFS account number if you want to make your appointment online.
3 Available only to Lexus Financial Serviceslease customers that do not reside in Alaska or Hawaii and whose leases did not originate in New Hampshire or Wisconsin.
AutoVIN, an independent inspection company, conducts the inspection.3
All AutoVIN inspectors undergo training to ensure that vehicles are inspected according to the LFS Wear and Use Guidelines.
3 Available only to Lexus Financial Serviceslease customers that do not reside in Alaska or Hawaii and whose leases did not originate in New Hampshire or Wisconsin.
This is an answer you'll like. An inspector from AutoVin will come to you and will usually finish the inspection in less than an hour.3
3 Available only to Lexus Financial Serviceslease customers that do not reside in Alaska or Hawaii and whose leases did not originate in New Hampshire or Wisconsin.
For a complete inspection3 you'll need:
- Tool kit and spare tire, if applicable
- All sets of keys (masters/remotes/valet), if applicable
- Owner's Manuals
- Any original equipment on your vehicle at lease inception (radio, headrests, 3rd row seat, tonneau/cargo cover, etc.)
At the end of your inspection, you'll receive a card with instructions for how to access your condition report online.
3 Available only to Lexus Financial Serviceslease customers that do not reside in Alaska or Hawaii and whose leases did not originate in New Hampshire or Wisconsin.
After two business days, your vehicle's condition report (an itemized assessment of any estimated normal and excessive wear and use found on your vehicle) will be available online. You can view it by logging into your account at AutoVIN.3
If you choose to make repairs based on your condition report, contact LFS at 800-874-7050 to request that an additional inspection take place once you complete the repairs.
3 Available only to Lexus Financial Serviceslease customers that do not reside in Alaska or Hawaii and whose leases did not originate in New Hampshire or Wisconsin.
Mileage FAQs
The easiest way to find your mileage allowance is by looking at your lease agreement.
If you can't find your lease agreement, your local dealer will gladly help you find it.
You simply need to call your dealer and they can give you more information on any potential charges.
Unfortunately, we're not currently offering that as an option.