Automotive

Toyota Tundra Leasebusters

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  • Jul 28th, 2020 11:27 pm
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[OP]
Sr. Member
Jan 22, 2012
651 posts
270 upvotes
Bradford

Toyota Tundra Leasebusters

I have read a few things on here about leasebusters.

I’m looking at a 2017 Toyota Tundra with 22 months left on the lease at 510.00 per month. The option to buy out the vehicle at the end is $15,000.00.

Since $510 x 22 = $11,200.

Seems like a decent deal? The only issue is there is not many km left on the lease.

I read somewhere that if you purchase the vehicle at the end then you don’t pay a kilometre overage fee? Is that correct?
9 replies
Deal Expert
User avatar
Oct 5, 2008
16773 posts
11991 upvotes
Toronto
that's correct.
Jr. Member
Apr 3, 2015
197 posts
76 upvotes
Toronto, ON
You can find good deals this way but make sure you get it checked out by a mechanic first.
Deal Addict
User avatar
Jan 14, 2007
4602 posts
1833 upvotes
GTA
Note that if you do intend to purchase the vehicle at the end of the lease you'll have to pay an admin fee, so factor that into your calculations as to whether it's worth it or not.
Deal Expert
User avatar
Jul 30, 2007
31905 posts
18905 upvotes
Toronto
factor in your equation on needing new wearable items too. The orig. owner enjoyed a brand new truck for many months without paying for new brakes and tires. Future owner will get stuck footing the bill.

That's why the smart ones will dump their lease about 2 -2.5 yrs into their term and the smartest one would offer no incentives at all for the leasetakeovers. Smiling Face With Open Mouth
Deal Addict
Jan 8, 2007
3147 posts
1717 upvotes
AB
It's a Tundra. The $15K buyout is a steal as long as kms is under 100k. You will want to buy it out for sure in that case. I transferred my $500/m Tundra lease a couple of years ago, but I got the guy who took lease to give me $7,500 because these things hold their value very well.
[OP]
Sr. Member
Jan 22, 2012
651 posts
270 upvotes
Bradford
I thought the 15K buyout seemed good. Most I see are around 25K for the buyout.
Deal Addict
User avatar
Sep 27, 2011
3891 posts
2812 upvotes
Toronto
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