Whats the best thing to do? We have a year ish left on our lease but really like the truck and wanna kinda get away from trading every year/every 2 years for a little bit since we have our second kiddo on the way, priorities are changing. Do i go back to the dealer or to our credit union or what are the best options? is it as simple as clicking the link on toyota financial's site that says lease payoff and getting a loan for that amount and its done? suggestions/experience?
I do not believe you can refinance through Toyota Financial until the lease end period. To purchase it before then, you need to get the payoff, and then refinance through another bank. Depending on your residual and current lease payment, your monthly payment may go up, so be ready for that. If you are comfortable with the payment you have now, then just keep it until the lease runs out, then finance the balance with TFS or another bank then.
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2007 CrewMax SR5 4x4 Slate Metallic, Headrest DVDs, Spray-in Liner, Bull Bar w/KC Titanium Driving Lights, Black Nerf Bars, 3" Toytec Lift, BF Goodrich T/A KO All Terrains, aFe Cold Air Intake, Gear Alloy Wheels, OEM Fender Flares, Pace Edwards Roll-Back Cover
I do not believe you can refinance through Toyota Financial until the lease end period. To purchase it before then, you need to get the payoff, and then refinance through another bank. Depending on your residual and current lease payment, your monthly payment may go up, so be ready for that. If you are comfortable with the payment you have now, then just keep it until the lease runs out, then finance the balance with TFS or another bank then.
okie dokie. yeah, i figured the payement would go up, haha thats one reason we leased is cause the payment was lower hehe. but i dont have much longer to wait anyway so i may just see who has the best rates at the lease end period. i figure TFS would be glad to sell a truck at the end instead of taking it back since they arent worth sh!t anymore haha
okie dokie. yeah, i figured the payement would go up, haha thats one reason we leased is cause the payment was lower hehe. but i dont have much longer to wait anyway so i may just see who has the best rates at the lease end period. i figure TFS would be glad to sell a truck at the end instead of taking it back since they arent worth sh!t anymore haha
you payment will only go up if you choose short term financing, you can still get a used car loan for 60 to 72 months if you decide to that
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