Question about end of lease with Tundra

have a 2018 Tundra and am leasing it for 3 yrs.....and after the lease is done, I would like to refinance the truck .

for those that have leased in the past and wanted to keep the truck and did the refinance, did you have to put any money down ?

 

You can put money down and I would encourage it.

The last few tundras I leased the dealership rolled over equity I had into either the new lease or purchase. I did a purchase on the one I have now since I got a 0% for 72 months.

Good luck.

 

You don’t have to put money down when buying a car after a lease. You just finance the value noted on the contract when the lease expires.

you can to lower your monthly, but it’s not necessary.

I have never had a dealership roll over equity on a car. Interested to hear more about that tho.

 

if you are buying the truck you are leasing then you should know what the bill is when it's time to purchase. Either go with dealership finance department or credit union for a loan. You can put down some extra cash to lower your loan as well.

 

yeah this is interesting, maybe it happens if the lease had low miles and they buy you back and put you in a new truck so they can sell that used truck with low miles for more Dealerships are in the business to make money not give handouts so I'm sure they come on top at the end.

 

Yep. I would have bought a different truck then equity would come into play; that’s what they did when I traded in my taco. But to buy the vehicle you were leasing I have never seen a dealership roll over equity

 

I leased the 2014 and 2016 tundras I had

each time when I traded the dealership took the equity the truck had and rolled it into the new lease or in the case of the 2016 rolled it into the purchase of the 2019