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Originally Posted by ElDiabloJoe
What's the best way to buy our my lease? Same as the OP, I've got a 3 year lease coming up in May 2022. We are well below the yearly allowed miles, and wish to keep the 2019 Toyota Rav-4. Do I have any options other than paying the $20K Toyota Financial says is the residual value?
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The best & only way to buy your lease vehicle at the end of the lease if you are planning on keeping it, is through Toyota.
You will have to pay sales tax & registration change, but you will be buying it for 3-7,000 less than you could buy a similar one for anywhere else.
If you what to sell your lease vehicle, then do it 1-2 months before the end of the lease to the dealer that has that franchise, this way you don’t pay sales tax & you don’t have to have your money out waiting on the lease company to give you the title back which can take up to 30 days.