Mercedes Salesman Says Toyota Is About To Change To Honda's Rule On Third-Party Leases. Here's Why It Matters

A car salesman claim on social media has revived a rumor that Toyota and Lexus financial will tighten third-party payoff rules on leases starting October 1. A TikTok creator, Benzs and Bowties, said that instead of allowing payoffs handled by other dealers, lessees would be directed back to their original dealer—limiting options for trade and payoff services. The video suggested that, as of now, Mercedes dealers could pay off Toyota/Lexus lease balances through month-end, but that capability would end on Oct. 1. The article also notes that Toyota Financial Services policies already require original-dealer processing for lease returns.