Toyota Lease Buyouts: Here's What You Need to Know

Rebecca Graham

Published 5/7/25

Estimated Read Time: 3 minutes

TL;DR: Toyotas like the Corolla, RAV4, and Tacoma generally retain serious equity and deliver on reliability, fuel efficiency, and value. Skip the inspection, keep the car you love, and handle it all online.

Are you nearing the end of your Toyota lease? It's time to start thinking about your options—and Lease End has your back.

Whether you're eyeing a new lease or hoping to keep your trusted Toyota, understanding your choices is key to making the right decision for you.

Average Toyota Buyout Monthly Payment Stats

We’ve facilitated thousands of lease buyouts for Toyota models, including the most popular for lease buyouts: Tacomas, RAV-4s, and Highlanders. The following chart shows the average new monthly lease buyout loan payment, average book value, and average equity retained for our drivers who have bought out each particular vehicle since the start of 2023.

(Note that individual loan terms will vary based on the individual. Check out our Automatic AI payment estimator for the most accurate figure for your situation.)

Toyota Model	Average New Monthly Payout	Average Book Value of Vehicle at Buyout	Average Lease Equity Retained at Buyout
Corolla	$335.19	$22,720	$8,539
C-HR	$368.58	$24,084	$8,453
Camry	$388.74	$25,896	$8,961
Prius	$398.20	$38,742	$9,951
RAV-4	$449.54	$30,156	$9,310
Venza	$502.47	$31,448	$6,947
Sienna	$561.44	$41,257	$14,505
Tacoma	$592.42	$37,140	$7,627
Highlander	$597.08	$36,337	$7,629
4-Runner	$611.84	$41,297	$10,750
Tundra	$701.18	$43,745	$9,155
Land Cruiser	$832.50	$82,472	$39,515

Why Toyota Is a Fan Favorite

Toyota has a special place in drivers' hearts, thanks to its rock-solid reputation for reliable vehicles that hold their value over time.

Reliability. Known for durability, Toyotas are known for low maintenance costs and high resale value. They’re the kind of cars you can count on for the long haul.
Fuel Efficiency. Saving on gas is always a win, and several Toyota models deliver on fuel economy, including the Corolla, RAV4, Prius, and hybrid models.
Affordability. Sedans like the Yaris, Corolla, and Camry offer excellent value for your money. Toyota can be a smart choice for drivers wanting the most bang for their buck.
Comfort & Features. Toyota boasts style and convenience, especially in its SUVs like the Highlander and Land Cruiser. Their well-thought-out features make driving a pleasure.

Leasing a Toyota Vehicle

Leasing a Toyota is a savvy move for many drivers.

In a lease, you can enjoy the thrill of driving a new car every few years without the long-term commitment of ownership. Access to unique, high-end models like the Land Cruiser makes for an adventure of its own. And newest and best safety features available provide peace of mind.

Plus, leases often come with lower monthly payments compared to financing, making them a more budget-friendly choice than purchasing the vehicle outright.

Your Options at End-of-Term

As your Toyota lease term nears its end, it's time to decide what comes next.

Here are your main options:

Returning Your Vehicle: You can return your vehicle to the dealership. Before you do, though, make sure to schedule a pre-inspection to check for any excess wear and tear or mileage overages. Taking care of these issues beforehand can help you avoid extra charges.
Buying Out Your Lease: If you've fallen in love with your vehicle and can't bear to part with it, you can buy out your lease and keep the car. Our financial partners like Ally Bank and Capital One can help you with financing options to make it happen.

Pros and Cons of Returning vs. Buying Out

Like most things in life, leasing and buying out both have their pros and cons.

Returning your vehicle and continuing to lease can offer lower monthly payments and the joy of driving a new car more often.

However, you'll have mileage restrictions, maintenance restrictions, and will need to budget for increasingly higher monthly payments as you continue.

Buying out means you won’t be getting a new ride.

But you'll own your vehicle, with the freedom to customize and drive as much as you want. It’s a great deal on a used car you already know and love.

You'll continue to build equity in the vehicle over time—the average equity retained in lease buyouts for Toyota Corollas, for example, is $9,135—and you may even pay less per month on your auto loan than you did while leasing.

Your New Monthly Payment

While every driver’s monthly auto loan payment for a buyout will vary based on vehicle, residual value, credit score, and other factors, the average monthly payment after a lease buyout through Lease End in 2025 year-to-date is $541.94.

(For context, the average new monthly loan payment in Q1 2024 for borrowers with the best credit was $723 according to Experian.)

Toyota Lease Buyout Fees

Let’s talk numbers—because nobody likes surprise fees (except, maybe, dealerships). If you’re considering a Toyota lease buyout, it’s important to understand the fees you might encounter so you can budget wisely and avoid sticker shock.

Here’s a breakdown of common Toyota lease buyout fees:

Fee Type	Typical Amount	What It’s For
Residual Value	Set in your lease agreement	The pre-agreed value of your car at lease-end.
Purchase Option Fee	$300 – $500	An administrative fee to process the buyout.
Sales Tax	Varies by state	Tax on the residual value and purchase fees.
Registration & Title	$50 – $250 (state-dependent)	Covers transferring ownership and issuing new plates.
Early Termination Fee	Varies (if buying out early)	Applies only for early lease buyouts.
DMV Fees	State-specific	Any state-mandated vehicle registration fees.

Pro Tip: Some fees, like sales tax and DMV charges, are non-negotiable. But others—like the purchase option fee—might be reduced or waived in some cases, especially if you negotiate directly with Toyota Financial Services or work with Lease End.

Why Knowing Your Fees Matters

Understanding these fees can help you:

Compare buyout costs to market value. If your Toyota’s market value exceeds the total buyout cost, you might even gain equity.
Secure accurate financing. Knowing the total buyout price (including fees) helps you shop for the best loan rates and terms.
Avoid dealership markups. Dealers sometimes tack on extra “processing” or “convenience” fees that aren’t required when working directly with Toyota Financial Services or Lease End.

Contacting Toyota, Your Dealer, or Lease End

When it's time to end your lease and return your vehicle, gear up to follow Toyota's guidelines to avoid penalties or fees.

You may need to complete a vehicle inspection, make any necessary repairs, and schedule a lease-end appointment with your dealership.

That being said—if you buy out your vehicle through Lease End, there’s no need to jump through hoops. Avoid that hassle.

You can skip the inspection and dealership trips, signing all the paperwork from the comfort of your couch with these four simple steps:

Tell us about your car.
View your loan & coverage options.
Sign your buyout documents.
Relax — we'll take it from there.

Why Choose Lease End?

Navigating the end of a lease can be tricky, but we're here to make it easy for you. Our team of lease end experts can walk you through your options and help you make the best decision for your situation.

End your lease, keep your Toyota.

All that's left now is to start the process online by entering your license plate or VIN in the form below.

To expedite the process, you can gather the following information ahead of time:

License plate or VIN
Social security number
Lease account number
Payoff amount on your lease
- To get your payoff amount through Toyota Financial Services, call 800-874-8822.
- Tell them you're calling for a lease payoff and that you're a customer.
- Enter your SSN, account number, or TAX-ID number.
- Verify that the vehicle is yours, then say you want to purchase it.
- Record the payoff amount and good-through date, making note of whether or not this includes sales tax. (Note: Unless you want to be hounded by your dealer, do not elect to update them.) Then, you can hang up and press the "Next" button on your Lease End application.

Wanna talk with one of our buyout experts to help you along the way, or to have them call Toyota for you? Call 888-307-5197 for step-by-step help.

FAQ: Toyota Lease Buyout Fees

Q: What fees are included in a Toyota lease buyout?
A: Typical Toyota lease buyout fees include the residual value, a purchase option fee ($300–$500), sales tax (varies by state), registration and title fees ($50–$250), and any DMV charges. If you buy out early, early termination fees may also apply.

Q: Can I negotiate Toyota lease buyout fees?
A: While taxes and state fees are fixed, you may be able to negotiate or waive purchase option fees, but it's unlikely.

Q: How can I avoid extra dealership fees?
A: By handling your buyout directly through Toyota Financial Services or Lease End, you can skip dealership markups and unnecessary “processing” charges.

GET STARTED WITH YOUR LICENSE PLATE

Use VIN

About the author
Rebecca Graham

With over a decade of professional writing experience, Rebecca transforms complex concepts and data into clear, engaging content. When she's not honing Lease End's organic growth strategy, she's fanning the flames of her Wicked obsession, crafting custom candles, or walking Utah’s mountain trails. Connect with Rebecca on LinkedIn.

Lease End's mission is to empower auto lease owners with the technology to easily exit their lease. If you'd like to learn more about the lease-end options available to you, please don't hesitate to contact us. Our expert advisors are always prepared to answer your questions and are committed to finding the right plan for your individual needs.

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