A Toyota lease in Baltimore, MD is a viable option for people who rather not be attached to the same vehicle for the next 10 to 15 years. Here are some commonly asked questions regarding a Toyota lease.
Can I Trade My Current Vehicle When Leasing a Car?
If your current vehicle is fully paid off, then you can trade it in, with the value applied toward the lease of the new car. The value is usually enough to cover initial fees plus the first few months of rent. We will perform an appraisal and give you an offer that you can choose to accept or decline.
Can Other People Drive My Leased Car?
The contract will stipulate who can drive the leased car. This is usually restricted to family members that live with you, such as a spouse and adult children. If there are other people you want to add to the list, you may have to send in a request to the dealership.
What’s the Mileage Limit?
Most leases stipulate a mileage limit of 10,000 to 15,000 miles per year for a standard 36-month contract. If you anticipate going over the limit, you can inquire about a mileage extension that increases the limit to 20,000 miles or more. If you go over the limit, you’ll pay an excess fee, usually ranging between 15 and 25 cents per mile.
What’s the Shortest Lease Term?
Standard lease terms are usually 24 to 36 months. It’s very rare to see a lease term below 24 months. However, it’s possible to take over an existing lease from a friend or relative that has fewer remaining months.
Visit Heritage Toyota Catonsville to see our inventory. We provide lease options for current models like the Toyota Camry and more.
