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Toyota Prius Lease Questions

Karen@EdmundsKaren@Edmunds Posts: 5,023
Post your next generation Prius leasing questions here.

Karen-Edmunds Community Manager

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Comments

  • lakemoreylakemorey Posts: 2
    Hello, do you know when the new Prius lease rates will be available?
  • jackomojackomo Posts: 11
    I received a lease quote for a new 2010 Prius Model II. It is a 3rd party with no money down (except license and taxes). They say you can leave the lease at any point after 6 months with no penalty.

    MSRP $22,750
    Payment $283
    Term: 60 months
    Residual: $11,830
    Money factor: 0.00265

    I would like to know from others if this is a good deal?
  • kac035kac035 Posts: 3
    May I ask at what dealership you got this deal?

    Thanks!

    Kara
  • greenliongreenlion Posts: 3
    This is the deal I was offered on a 2010 model 2 prius. No add ons, totally basic style.
    $1,375 out of pocket (includes 1st payment and license fees)
    36 months, 12,000 miles a year, $398 a month which includes tax.
    I live in Los Angeles.
    Can someone tell me if this is a good deal or I can most likely do better?
    Thank you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi lakemorey. Toyota has finally published a lease program for the 2010 Prius. Not surprisingly given the number of orders that it has for the car and its thin margins, Toyota is not currently providing any lease support on it.

    Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 Prius with 15,000 miles per year are .00265 and 67% for consumers who qualify for its top aka Tier 1+ credit tier.

    Keep in mind though that unlike most banks TFS places restrictions upon which options can be residualized, making it difficult for consumers to calculate the actual dollar residual values for individual units.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • tarlis2tarlis2 Posts: 2
    It's a great deal
  • tarlis2tarlis2 Posts: 2
    not a good deal. the deal should be the same but your monthly payment should be $350 including tax and with mats included. Ceretos Toyota deals
  • greenliongreenlion Posts: 3
    Hi Tarlis,
    I got a little more info regarding the deal I was given for the lease,
    msrp at 22,938
    residual factor of 15,180
    money factor of .00265

    Where are they off? I was wondering how the pricing could get to $350 with tax.
    Thanks!!
  • osu18osu18 Posts: 17
    Car_man or anybody else out there, do you have any info the money factor and residual for 36k/36months on the 2010 Prius? I saw only info with the 15k miles a year. Thanks in advance. :)
  • bakkerjbakkerj Posts: 6
    I posted this deal in the prices paid forum, but it is actually a lease. So I thought I'd post here for your information.

    Sales price: $28,888
    MSRP: 30,020
    MF was 0.00265
    Payment worked out to $466 including tax. Without tax it was $423, or something. I live in alameda county, which I believe has the highest sales tax in the state at 9.75% or something.

    I don't have the residual in front of me, but I can get it for anyone interested.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi osu18. Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 Prius with 12,000 miles per year are .00265 and 69%, respectively.

    Keep in mind though that TFS calculates vehicles' residual values differently than other banks. The residual value percentages that it publishes are for base vehicles. It places restrictions upon what options can be residualized. As a result, it is very difficult for consumers to calculate the actual dollar residual values for specific units.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Congratulations on getting your new Prius, bakkerj. Thanks for taking the time to share the details of your lease with everyone. Real world examples like this are always helpful for other community members who are in the market for similar vehicles. If you haven't already and you have the time, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience.

    Enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • aga3aga3 Posts: 2
    I would like to lease Prius 2 no options i am in chicago what should be my monthly
    payment including tax with $2500 down ?
  • kweikwei Posts: 1
    Hi bakkerj,
    We're actually in the process of leasing a Prius IV. I was wondering what your residual is as well as the adjusted cap cost (final price paid including fees and taxes).
    We have similar numbers to you but somehow our numbers are ending up around $570/month. We live in Chicago so our sales tax is higher (10.25%!) but we're just trying to figure out how people are getting their numbers down into the 400s.

    Also, did you put any money down?
    Thanks!!
  • ealexandealexand Posts: 1
    I'm trying to be conservative with my numbers so I'm not shocked when i get to the dealership. Does this look right for a 3y/36k lease?

    Prius III
    Price: $24,000
    Money Factor: .00265
    Residual: 65%

    $0 down - Pre-Tax: $326
    $2k down - pre-tax: $266

    If i got them to quote me with $2k down and offered to pay that monthly payment, but would only put $1k down do you think they would go for it?

    Thank you for the help

    Thank you for the help
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi ealexand. I assume that the $24,000 number that you mentioned is this car's selling price and not its MSRP. Is that correct? It would be much easier for me to give you my opinion on this deal if you provided us with both numbers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • hazzumhazzum Posts: 1
    Prius V
    Price $33048
    Money Factor .00265%
    Residual $16565
    $4000 down (Cap Cost Red) to reduce payment
    MSRP $33148
    48month Lease 15,000 miles
    $463.99 (Inc. $37.33 Tax 8.75%)

    Please tell me I did OK
  • wvgasguywvgasguy Posts: 1,405
    Prius V
    Price $33048
    Money Factor .00265%
    Residual $16565
    $4000 down (Cap Cost Red) to reduce payment
    MSRP $33148
    48month Lease 15,000 miles
    $463.99 (Inc. $37.33 Tax 8.75%)

    Please tell me I did OK


    I plan to pay it off early but my 6 year loan was $507/mo w/ no money down for a V w/ NAV +taxes (approx $31,500). After 48 months I'll owe $11,500 so if it is worth $16500 I would be able to build some equity as a down payment on a new car.
  • Car_man,

    Would you happen to know what the September residuals / money factor are for 36 month leases (12k and 15k/yr)?

    The past residuals seem awesome, but the MF is kinda high. Anyway to "buy it down" with multiple security deposits?
  • sas9sas9 Posts: 28
    I just leased a 2010 model 4, leather and nav.

    $1000 out of pocket and $402 month, 48 months.

    I paid $750 over invoice, $1435 off MSRP.

    I love it so far but I've only had it 3 days and I"m still getting used to everything. It's alot of car for me to learn and I know that once I settle in, I'm going to enjoy it.
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