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A Toyota lease buyout lets you purchase your leased Toyota car or truck. Learn how it works, review the typical buyout fees, and decide whether it's worth it.
What Is the Cost to Lease a Car? The average car lease costs $487 per month. In comparison, the average car payment for a new car is $548. This means that it may be cost-effective for many ...
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor. The lessee pays only for the value of the vehicle for the term of the lease.
The total lease cost can either be paid in a single lump sum, or amortized over the term of the lease with periodic (usually monthly) payments. Closed-end leases generally provide that the lessee is responsible for insuring the property, for maintaining it in accordance with the lessor's requirements, and for paying any taxes or license fees ...
When Toyota introduced the car in May, it charged a one-time application fee of 770,000 yen ($5,175) on top of a 107,800 yen monthly lease for the first four years of a 10-year contract.
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