Toyota Camry LE Lease
A Toyota Camry LE lease starts at $383 per month. Prices will vary based on your lease agreement and credit score.
Written by Drew Waterstreet
Reviewed by Jessica Barrett
The Toyota Camry LE can be leased for $383 per month, but what you pay will ultimately depend on your down payment, credit score, and negotiated lease agreement.
When it comes to leasing a vehicle, it’s hard to compete with the Toyota Camry LE. The incredible fuel efficiency, low monthly payments, and no-cost maintenance plan make it an attractive option.
All these perks come without the responsibility of ownership. Leasing is a great way to avoid depreciation, lower your monthly fees, and test out the latest in the automotive industry.
You've come to the right place if you're considering leasing a Toyota Camry LE! The experts at
Jerry
, the #1-rated car insurance
app, have curated this informative guide to leasing a Toyota Camry LE. We’ll cover how leases work and show you how to save more on your Toyota Camry LE insurance cost
. How to lease a Toyota Camry LE
Before signing a lease agreement, it’s best to analyze your budget first. Understanding your financial bandwidth can help you negotiate an agreement with favorable terms. Here are some things to look into:
- Check your credit score. Not only is it a broad overview of your financial history, but your credit score is a big deal for lease agreements. A score of over 700 will get you the most affordable deal. If your score is lower than 600, expect to pay double on monthly payments.
- Determine your leasing budget. Your monthly payment should be no more than 15% of your gross income per month. Don’t agree to a lease outside of your budget.
- Estimate your down payment. Lease agreements tend to operate on a scale. Therefore, the higher the down payment you can commit to, the lower your monthly payment will be. This correlation along the scale results in total cost savings–commonly called capitalized cost reduction.
- Estimate your annual mileage. Toyota leases typically come in three annual mileage options, 10,000, 12,000, and 15,000. Excess miles above your agreed-upon limit can result in penalties.
Understanding your financial bandwidth can help you negotiate a customized lease for your lifestyle and budget. Consider comparing lease offers from multiple local dealerships before officially signing the dotted line.
MORE: How does your credit score affect car insurance?
The final step: shop for insurance
Toyota financial services require a certain amount of insurance for all leased vehicles. Therefore, your policy will need to include the minimum amount of state-required
liability car insurance
and enough coverage for the vehicle's full value, with a maximum deductible of $1,000. If those requirements gave you a headache just thinking about them, let
Jerry
do the hard work for you. Just download the app, enter your information, and Jerry will generate customized quotes from 50+ top companies for your leased Toyota.RECOMMENDED
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How much does a Toyota Camry LE lease cost?
The Toyota Camry LE can be leased for as low as $383 per month. This price is simply an estimated monthly payment. You’ll need to consider additional variables when calculating your total cost.
One thing to keep in mind is that the Toyota Camry LE is incredibly fuel-efficient, getting 28 mpg in the city and 39 mpg on the highway. So savings at the gas pump can help you balance the total cost of your lease.
Another thing to consider is the trim level you select. For example, the Toyota Camry LE comes in a Base and a Hybrid model.
Let’s take a look at how the cost differs between models:
Trim level | Monthly payment | Amount due at signing |
|---|---|---|
Base | $383 | $1033 |
Hybrid | $439 | $1,152 |
The above price estimates relate to an excellent credit score of 720 or more. Let’s take a look at how lower scores can impact your monthly payment for a Base model of the Toyota Camry LE:
Credit score | Monthly payment | Amount due at signing |
|---|---|---|
520 to 579 | $669 | N/A |
580 to 609 | $620 | N/A |
610 to 629 | $596 | N/A |
630 to 649 | $563 | N/A |
650 to 669 | $440 | N/A |
670 to 689 | $404 | N/A |
690 to 719 | $387 | N/A |
720+ | $383 | N/A |
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* checking your rate won’t affect your credit score
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* checking your rate won’t affect your credit score
Now that you have a general idea of your cost, it’s time to negotiate. You can leverage a more affordable deal by adjusting your term lengths, annual mileage, and down payment. One non-negotiable thing is the $650 acquisition fee. You’ll need to factor this into your budget to get your lease started.
Services included in a Toyota Camry LE lease
One of Toyota’s most significant competitive advantages is the no-cost maintenance plan that is included in all 24-month lease agreements.
ToyotaCare
covers routine factory-scheduled maintenance, mechanical failures, and roadside assistance. Any repairs associated with an accident will require you to file a claim with your insurance provider.Toyota offers leases for up to 60 months, but you will be responsible for any maintenance costs after 24 months. You can purchase
ToyotaCare Plus
for extended coverage.Key Takeaway Fuel efficiency, free maintenance plans, and low monthly payments make the Toyota Camry LE an appealing leasing option.
What to do when your Toyota Camry LE lease is up
Once your lease agreement approaches its expiration date, it’s time to evaluate your options. Do you want to return your Toyota Camry LE or purchase it from the dealership? Let’s break down both processes.
How to return a leased Toyota Camry LE
If you want a new upgrade or don’t have a use for your leased Toyota Camry LE anymore, it’s time to start the return process.
- Examine wear and tear, assess necessary repairs
- Schedule a commentary inspection 15 to 60 days before lease expiration
- Complete Odometer Disclosure Statement
- Ensure all outstanding fees and payments are complete
- Clear out all personal belongings and return the car
To process the return, you will be required to pay a $350 disposition fee. This fee will be waived if you opt to lease another Toyota! Any questions about the return process can be directed towards Toyota Financial Services at 800-286-0652.
MORE: How to prepare a car for inspection when returning a lease
How to purchase a leased Toyota Camry LE
If you're not quite ready to end the relationship with your Toyota Camry LE, you do have the option to purchase your leased vehicle from the dealership. Toyota vehicles hold their original value quite well, making them an appealing target for ownership.
Dealerships will often sell you the leased vehicle for a better price than on the open market. It’s a win-win transaction—the dealership can purchase the latest model, and you get a good deal!
How to find the best car insurance for a Toyota Camry LE lease
Toyota requires you to hold a
full-coverage insurance
to lease one of their vehicles, but full-coverage doesn’t have to mean expensive. The experts at Jerry
have the savvy knowledge to find you an affordable rate that meets your lease's insurance requirements.Here’s how we do it. After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to. You get all the best prices and coverage with none of the legwork.
And if that isn’t enough for you, Jerry can even help cancel your old policy. Our hands-on process saves the average customer $887 annually on car insurance!
“I was literally floored by the savingsJerryfound for me. I was paying close to $960 every six months, and now I’m paying $380 every six months for IDENTICAL COVERAGE!” —Olivia Z.
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