While the residual value is the primary cost, additional fees typically apply:
You must pay sales tax on the purchase price and standard DMV fees for title and registration. toyota lease buy back program
Some contracts allow you to purchase the vehicle before the lease term ends. In this case, your price is determined by the residual value plus the remaining lease payments. While the residual value is the primary cost,
The (often referred to as a lease buyout ) allows you to purchase your leased vehicle for a predetermined price instead of returning it to the dealership. How the Buy-Back Program Works The (often referred to as a lease buyout
Generally waived if you choose to buy the vehicle instead of returning it. Why Choose a Buy-Back? What Happens When Your Toyota Lease Ends | Tampa, FL
This is the most common path, occurring when your lease contract expires.