Stretch Lease
What is a Stretch Lease?
A Stretch Lease is designed to offer you a more affordable leasing option with lower monthly payments through extending the standard lease term by four months without increasing the rate or decreasing the Lease-End Value.
This allows you to enjoy a “stretched” 40 month short term lease payment vs. that of a traditional longer 48 month lease term. Stretched terms are available in 28, 40, 52 and 64 months only.
How does this benefit YOU?
- Lower Monthly Payments: Payments are spread over an additional four months, resulting in lower monthly costs.
- Flexible Payment Options: You can combine the Stretch Lease with bi-weekly and weekly payment plans.
- Lease Loyalty Discount: This option can be combined with the 1% Lease Loyalty rate reduction offer.
- Eligible Vehicles: Stretch Leases are available for new and demonstrator vehicle leases, including prepaid leases.
Stretch Lease Scenario Comparison
Scenario A
Lease Payment on 2024 Toyota RAV4 Hybrid LE | $598.83/Monthly Payments @ 6.69% for 36 months
Scenario B
Lease Payment on 2024 Toyota RAV4 Hybrid LE | $556.63/Monthly Payments @ 6.69% for 40 months
Save $42.20 each month (or $506.40 in a year!)
