Leasing a car is a big decision, so you want to make sure that you're doing everything right when you're making such a big commitment. Let's take a close look at some of the things that you should not do when you sign a Toyota lease here at Hall Toyota Virginia Beach.
Ignore the Fine Print
You have to read the lease agreement carefully and know everything there is to know about how leasing works and what the limitations are. One thing you certainly don't want to gloss over is the mileage limitation, which tells you how far you can drive your vehicle before extra fees kick in. Ignoring the fine print can result in you paying more than expected on your Toyota lease.
Skip the Haggling Stage
You can still negotiate even if you're not buying a car. Make sure that you ask about any incentives and offers that could help you save on your lease.
End the Lease Early
If you follow our earlier advice and read the fine print, you'll notice that there are terms for ending the lease of your new Toyota car early. We do not recommend ending a lease early. Because of how lease agreements work, and how the depreciation of your car is calculated, lease terminations can come with hefty fees.
Skip Gap Insurance
Gap insurance is a type of coverage that reimburses you when the value of your vehicle and the value of your car loan differ. This insurance covers that “gap” and reimburses you if the car is totaled and the standard insurance payout isn't enough.
Add Accessories
It can be fun to customize your car with accessories and performance parts, but it's a bad idea when you lease. You don't technically own the car, so you're only enjoying these potentially expensive upgrades for a few years before your lease agreement ends.
If you want to learn more about leasing or our lineup of new vehicles, visit our Toyota dealership in Virginia Beach. We'll help you find the reliable car, truck, or SUV you've been searching for.
