Scion Pure Lease - Why do it? 

 

Two words, negative equity.  In 3 years, there are many things that affect the value of your

 

 new vehicle that are not in your control.  In a lease, you have a future value set by Scion

 

that allows you to make a decision in 3 years after you know what the vehicle is worth. 

 

Plus, you are in a new ride every 3 years!

 


Leave Your Options Open and in 3 years, you decide.

1.Trade or sell
2.What if…?
3.Keep it
 
 

What are my lease options?

  •  
    • Trade or Sell – If your vehicle is worth more than Toyota’s future value, then use that equity towards a new vehicle or sell it and pocket the money.
    • What if…? – If your vehicle is worth less than Toyota future value, then turn in the keys and walk away. (With proper miles at lease end with normal wear and tear.)
    • Keep it – If you want to keep the vehicle, finance the future value at new car rates.
Common Concerns About Leases
  • I want to own the vehicle. – In a 5 year contract with 20% down, you don’t have equity in the vehicle for almost 4 years.  How long do you plan on keeping this new vehicle?
  • I drive too many miles. – Miles have a huge impact come trade-in time.  According to Kelly Blue Book, excess miles cost an average of 13 cents a mile, versus 10 cents a mile upfront on a lease. Do you want to pay 30% more?
  • I am concerned about wear and tear.  - Review the Toyota guide for excessive wear and tear.  It is very forgiving in what Toyota considers excessive.

What Affects Resale Value that you control?