In a TikTok with over 511,000 views as of this writing, Toyota salesman JJ (@jj_muratore) reveals what exactly makes Toyota stand out against competitor leases.
The Toyota salesman starts by revealing that there is no mileage penalty if you buy the car out, trade it in, or sell it back to the dealership.
“The only time that the mile penalty comes into play is if you do a lease return or drop off the vehicle. I would never advise doing that with Toyota,” JJ recommends.
The Toyota salesman mentions that at the end of every lease, there is a residual balance and a buyout number. This is for all car brands, such as Kia, Nissan, Volkswagen, etc. JJ shares that most brands' buyout number will be less than the car is worth.
“The buyout number's—let’s say it’s $20,000. If your car is worth less than $20,000, would you pay $20,000 for your car to buy it out at the end? No. Obviously not. That’s what is happening to you guys when you finish up your Kia, Nissan, and Volkswagen lease. The car didn’t hold its value, so you are just dropping off the car, and you paid to rent a car. You had a terrible experience leasing,” JJ shares.
