Toyota Financial Services Auto Leasing Policies
The team at DSRLeasing.com is dedicated to providing comprehensive Toyota Financial Services lease information and resources for automotive lease transfers. We strive to keep our leasing company information accurate and up-to-date. If you represent a leasing company not listed or have updates, please contact DSRLeasing.com.
Lease Buyout Rules
Toyota Financial Services allows the original lessee to purchase the leased vehicle at lease-end, with specific conditions outlined in the lease agreement.
- The purchase option price (residual value) is specified in the lease agreement. Contact Toyota Financial Services at 800-874-8822 or log into your account at Toyota Financial Services to obtain a payoff quote.
- Buyouts must be processed through an authorized Toyota dealer, not directly with Toyota Financial Services. Customers cannot send a check directly to complete the buyout.
- Third-party buyouts (e.g., by independent dealers or online retailers) are not permitted. Lessees must buy the vehicle themselves and may sell to a third party after completing the purchase.
- A signed Odometer Disclosure Statement must be submitted via the dealer, as required by federal law.
- Early buyouts may be allowed if permitted by the lease contract, but may include remaining lease payments and a purchase option fee (typically up to $300).
- The disposition fee may be waived if you lease or purchase a new Toyota vehicle.
- Additional fees (e.g., sales taxes, registration, title fees) may apply, varying by state. Contact your local DMV for details.
Contact your authorized Toyota dealer or Toyota Financial Services at 800-874-8822 to discuss buyout options and confirm the payoff amount, providing your account number or VIN.
Lease Transfer Policy
Toyota Financial Services allows lease transfers, enabling another party to take over your lease with approval, subject to specific restrictions.
Transfer Fees and Conditions
- Lease Buyer Credit Application Fee: $0.00.
- Lease Transfer Fee: $200.00 (typically paid by the buyer).
- The original lessee does not remain liable after the transfer.
- Mileage and wear-and-tear policies carry over from the original lease.
- Security deposits transfer to the new lessee.
- Applicable taxes may apply, varying by state. Consult your state’s tax authority.
What You Should Know
- Transfers are not permitted in the first 60 days or the last 6 months of the lease term.
- The assuming lessee must meet Toyota Financial Services’ credit and underwriting guidelines.
- The vehicle must have no unresolved safety recalls. Check recall status through your Toyota dealer or Toyota Financial Services.
- The team at DSRLeasing.com can assist with navigating the transfer process.
For detailed transfer requirements, contact Toyota Financial Services at 800-874-8822.
Additional Leasing Notes
Toyota Financial Services offers leasing for Toyota vehicles, with terms typically ranging from 24 to 36 months and mileage options (e.g., 10,000, 12,000, or 15,000 miles per year). Additional taxes or registration fees may apply depending on your state; contact your local DMV for details. For comprehensive Toyota Financial Services lease information, visit DSRLeasing.com.
Lease-End Fees and Policies
- Disposition Fee: Up to $350 may be charged to cover vehicle resale preparation, unless you lease or purchase a new Toyota vehicle.
- Excess Mileage Fee: $0.15 per mile for miles exceeding the lease agreement’s limit (e.g., 10,000, 12,000, or 15,000 miles per year).
- Excess Wear and Tear: Costs for damages beyond normal use (e.g., dents, scratches, tire wear) may apply. Schedule a complimentary pre-return inspection within 60 days of lease-end by calling 800-874-8822 to assess charges.
- Lease-End Options: Return the vehicle to any authorized Toyota dealer, purchase it at the residual value, or lease a new Toyota vehicle. DSRLeasing can pick up the vehicle for lease return with any lender; contact DSRLeasing.com for details. Contact Toyota Financial Services 60 days before lease-end to schedule an inspection and discuss options. A final invoice, including any charges, will be mailed within six weeks.
For more information, refer to your lease agreement or visit the Toyota Financial Services website.
Contact Toyota Financial Services
- Website: Toyota Financial Services
- Phone: 800-874-8822, available Monday to Friday, 8 a.m. to 8 p.m. ET
- Mailing Address for Lease Payments:
Toyota Financial Services
P.O. Box 650805
Dallas, TX 75265-0805
(Include your account number on the check.) - Lienholder for Insurance: Toyota Financial Services, P.O. Box 650201, Dallas, TX 75265-0201