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Toyota Prius Lease Questions

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  • I am looking to lease a 2010 Prius IV for my wife here in Los Angeles. We found a:

    Black Prius IV 2010
    leather interior
    nav system
    sunroof
    tinted windows
    all the usual amenities
    Cost: approx $31,000

    We were quoted by a local dealer $1,000 down to include first months payment, tax, title, drive-off, etc and $375/month for a 36 month lease. We weren't planning on car shopping and I have no idea if that is a decent deal. Originally he wanted $481/month but started offering less without being asked. Does anyone know current lease rates for a 2010 Prius IV (including nav and sunroof/solar panel) for SoCal? Thanks.
  • :cry: I have always used Edmunds/ Car Man when leasing but I posted on the 13th and can’t seem to get a response. I would really like to buy before year end.

    Does anyone know when the Prius lease special that is currently advertised on the 2010 Prius ends?

    I would like the money factor (lowest available) and residual assuming the sweet spot is 36 months on 12K and 15K. Does anyone have the money factor and residual?
  • The January 2011 Deal is

    $289 for 35 months.

    $0 due at signing.

    for a Prius II
  • Hello all,

    Today, my uncle got a Prius II on a 36mo/15k lease for $0 due (sign and drive) for a total payment of $305 (for 35 months), which includes Michigan Sales Tax (6%). So it breaks down like this:

    $ 287.73 payment
    $ 17.27 MI Sales Tax
    ------------
    $ 305.00 Payment
    35 Payments
    ------------
    $ 10,675

    My question, I like the Prius IV, I was wondering what the residuals are for the 36 month, 12k and 15k and what a good price would be to shoot for, so I can calculate a lease. Or even better, a lease example. I am looking for all options.

    Thank you and hope this helps someone else!
  • Can someone also add to my posting above (#318) in regards to a Prius V as well as the Prius IV, not sure which I like more.

    Thank you,
  • nlproductionsnlproductions Posts: 20
    edited January 2011
    I initially posted on December 13th requesting information for the money factor and residual specials for the Prius Redrumkev and sadly, I have received no assistance from anyone at Edmunds. I hope you have better luck than me. I am not sure if this board is even moderated any more.
  • Hi nlproductions. We're definitely monitoring this board, but Toyota's lease program is very regional and unfortunately I have not seen its lease program for your area recently. Sorry that I could not be of more help.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Best deal I was offered in NYC/Long Island area for 36 month 12k per yr lease on 2010
    Prius 3:

    With 1st month and DMV only up-front:
    Monthly Payment: $292
    Residual Buyout: $14,518 (61%)

    Problem is I'd like to wait until the 2011 comes out but they're telling me not until late Feb early March and the price will go up on lease.

    Please let me know if anyone else is getting better numbers.

    Thanks.
  • mary37mary37 Posts: 4
    Hello Carman,
    I want to lease a 2011 Prius in the Atlanta market. I would like a 3 year, 12000 mile, $0 down lease for a Prius IV.

    I would be appreciative for information on what I should pay per month for this?

    Also, I wondered what the current Toyota money factor rate would be for this lease along with the Residual?

    I am finding that the dealer seems to want to push the Prius II. I was quoted $249.00 per month for the II and $477.00 for the IV with a 39 month lease. I think the latter is a bit high. I would love to be in the $375.00 per month range.

    Any help you could offer would be great. I always enjoy reading about other people experiences and am glad this forum exisits! Thank you. Mary
  • bimmrrbimmrr Posts: 1
    Anyone have an idea as to what Toyota will be offering for a lease deal or finance deal after the current ones expire on the existing 2010 models on January 31 ? Don't really need to do
    anything for a couple of months but if no leases or finance deals ( 0% for 60 months) will be offered might make sense to get one before 1/31
    Thanks,
    Mike
  • Today I put down $2300 (all incl.) on a prius iii and got 15K month for $239 in Smithtown, NY. Hope this helps.
  • Just got a 2011 Prius IV with Solar Package for $28,000 (MSRP $32,115, Invoice $30,407). Leased for $389 down, $309/month for 15,000 miles per year in Raleigh, NC.

    How does that compare? They gave me a great trade in as well @ full Kelly Blue Book. Is this a decent deal?

    Thanks in advance!
  • jhinscjhinsc Posts: 397
    :confuse: Your deal on the surface sounds goood but your trade is obviously the key in getting your payments low. I'm wondering why you even had to put $389 down with your trade? No way to get your payment and term without the trade involved. More info needed to truly judge the merits of your deal.
  • Hi,
    I'm just wondering how you got that price?
    I live in CA and the best price I could get was 31790(selling price).

    so,
    Toyota Prius 4 w/SOLAR ROOF PACKAGE
    msrp 31790
    selling price 28889
    bank fee 595
    doc fee 50
    selling + fees 29534
    net cap cost 29534
    factor 0.00155
    residual 22253(70%)
    term 36
    depreciation 202.25
    finance 80.26985
    Monthly payment 310.0655354(after 9.75% tax)

    But still I couldn't get the deal yet.
    is there anything wrong with my calculation?
    can someone help me out here?

    thanks
  • I guess I'm wrong with residual.
    I used last year's residual.
    but it seems like it can't even reach 65% now.
  • lch77lch77 Posts: 53
    I just started looking and was told that the attractive lease rates apply only to the 2010 models. For Feb., the money factor is a very low .00010. The residual is dependent on which version and option packages as certain options do not add to the residual value. Either way, 70% or even 65% sounds extremely high for a 36-month lease. Can anyone else confirm this or know the value?

    Kinnlingbee: Your calculations are correct, but, as I said 65% sounds high. Your money factor is equal to 3.72%, which is reasonable, but if you drop the residual down to 58%, your monthly lease goes up to $420. I guess we need to find out what the residuals are for each model and year.

    With gas prices expected to rise, the dealer said she did not expect the deals to be as attractive on the 2011 even though there are virtually no changes. Also, and I might have misunderstood this, the 2011 models (maybe it's the 2012 models?) have numbers (1, 2, 3, & 4) instead of the previous Roman Numerals, but the new Prius V will be a station wagon.
  • killingbeekillingbee Posts: 4
    edited February 2011
    Its is true that all good lease rate is for 2010 models.
    What I know about 2011 models is that its about 55%~58% with 0.0012 money factor.
    and Prius 3 w/ JBL can easily go over $350 and w/Solar pkg would go over $400.

    So, I decided not to go for Prius this time.

    here some ruff calculation I did if anyone interested :P

    2011 down MP month total tax mpg gas main. total
    civic LX 0, 180, 36, 6480, 632, 26, 4500, 960, 12572
    camry LE 0, 259, 35, 9065, 884, 22, 5318, 270, 15537
    accord EX 0, 260, 35, 9100, 887, 23, 5087, 960, 16034

    2010 down MP month total tax mpg gas main. total
    prius 2 1999, 259, 36, 11323, 1104, 51, 2294, 270, 14991
    prius 2 0, 319, 35, 11165, 1089, 51, 2294, 270, 14818

    So if I want to go for 2011 Prius 3 then I need to pay more then 2011 Accord EX.
    The deal I got so far for 2011 Prius is $0 1st payment $0 drive-0ff
    $345(include tax) with JBL and $410(include tax) with Solar pkg for 12k miles/36 month lease.
    It is about $2000 more then 2010 Prius 3.

    *) gas price I used is $3.25 and maintenance is based on the factory recommended regular routine.

    So, now I'm looking at 2011 Accord EX-L or 2012 Volvo S60.
    If I don't get the number I want then probably just wait for the Sonata Hybrid($25000 MSRP)
  • lasaablasaab Posts: 8
    Hi there,

    I'm trying to figure out the best possible lease deal available in California (I'm based in Los Angeles) for a Prius IV. Looking to lease something by April 1.

    I don't really care about any of the upgrade options other than leather and navigation, but from what I'm told it makes more sense to get the Prius IV than to look for a Prius III with these two things added.

    I want a lease for 24 or 36 months, don't want to put anything other than tax/title/tags down, and need 12k miles per year.

    I'd love to get as close to $300 a month including tax as possible. Is that realistic?

    Also, are they still leasing 2010 models or do I have to get a 2011 model (and is there a big difference in the models?)?

    Thanks!
    A
  • Maybe you should check out what South East Toyota does before you try and tell me I am wrong. SET is completely different than any other region in the US because the guy that owns the franchises never sold his rights back to Toyota.

    Plus the fact that I actually executed a deal kind of proves me right, dontcha think?

    So when you go to lease a Toyota in the SET they have something called "Residual Assistance", which is not a deduction due to taking less miles or something like that, it is a straight adder to the calculated residual. I believe the residual is not calculated on options but the assistance helps to offset it.
  • mankumanku Posts: 33
    Having just leased a III with NAV this past weekend here in LA, I would say you would be fortunate to get one for $400 with tax.

    Also, something you may not know, but Toyota doesn't include GAP insurance in their leases...you need to buy it in the finance department (or maybe your insurance company can cover you)...they charge about $15-17/month for that...so tack that on to the above payment.

    Good luck.
  • Kirstie_HKirstie_H Posts: 10,850
    A reporter would like to interview someone who is having trouble finding a new Prius at a dealership. Please email pr@edmunds.com by Thursday, March 31, 2011 with your daytime contact information and a few words about your experience.

    MODERATOR
    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • zoranzoran Posts: 68
    When will 2012 Plug in or small prius be available?
  • nc_driver1nc_driver1 Posts: 47
    Hi Car Man,
    Could you provide information about the Prius' lease program and incentives in North Carolina?

    Many thanks in advance.
  • Have an deal on the table for a 2011 Prius III with Nav and Solar / Moon roof. $26,850 purchase price, 12,000 miles, 36-month lease, $15,800 residual for $385 / month (including taxes etc.).

    There is a good chance I guy the car off the lease but wanted the optionality of a lease. Any thoughts on that deal? Any more levers I can try to pull?
  • Does anyone know what is the Money Factor & residual for 2011 Prius II now?

    I'm in Los Angeles and looking for 36 months with 12,000 mile.

    Thanks.
  • Hi Car Man,

    I'm in Los Angeles area and was quoted Money Factor of .00025 and 57% Residual for Prius II for 36 months/ 36,000 miles.

    Does those number sound right?

    Thanks
  • Any news on what the MF and Residuals for December are? I was told it's 0.0002 and 57% for a prius II. Any ideas what it is for a prius III? (36 months/36,000 miles)

    Many thanks!
  • Hi no to co,

    I was quoted 0.00025 and 60%.

    Not sure if this is correct since no movement in this thread for a while.
  • tastecklertasteckler Posts: 14
    edited December 2011
    Below is the deal sent to me by a local Toyota dealer for a Prius II. The previous lowest quote I had gotten was $306/mo. (including 7% tax) for 39 mos. with only first payment down. This one is $268/mo. (tax included) for 39 mos. with first payment plus $21 for title fee for a total of $289 due at signing. It seems like a good deal, but I would appreciate any insight (no pun intended) into the deal that anyone might have.

    Trade(s) Allowance: $0.00
    ACV of Trade(s): $0.00
    Pay Off of Trade(s): $0.00
    Equity in Trade(s): $0.00
    Customer Cash/Rebate: $289.20
    Total Cash/Rebate/Equity: $289.20
    Inception Fees: $289.20
    Excess Cash/Rebate/Equity: $0.00

    Advance
    Original MSRP: $24,634.00
    MSRP Discounts: $0.00
    MSRP Adjustments: -$34.00
    Adjusted MSRP: $24,600.00
    Maximum Advance: $25,329.00
    Residual Value: (59.00%) $14,514.00
    Mileage Adj: (0) + 2.00% $492.00
    Annual Miles: 12000
    Excess Miles: N/A $0.00
    Adjusted Residual Value: $15,006.00

    Rates
    Discount / Buy Rate: 0.001130
    Adjusted / Sell Rate: 0.001130

    Deal
    Warranty Cost: N/A
    Warranty Charge: N/A
    Dealer Cost: $23,907.00
    Selling Price: $22,407.00
    Price Adjustment: $0.00
    Adjusted Selling Price: $22,407.00
    Down Payment: $0.00
    Down Payment Tax: $0.00
    Assignment Fee: $695.00

    Cap Cost
    Total Cap. Cost: $23,102.00

    Profit
    Vehicle Mark-Up: -$1,500.00
    Warranty Mark-Up: $0.00
    Paid Reserve: $0.00
    Dealer Incentive: $0.00
    Trade(s) Over Allowance: $0.00
    Total Profit: -$1,500.00

    Summary
    Payment Recap: 39 Months @
    $250.65 + 7.00% = $268.20
  • cmyawncmyawn Posts: 36
    Car_man or kyfdx,

    Are there any Toyota lease incentives coming in January for a Prius IV, 36 months, 12,000 miles per year?

    If so, what is the money factor and residual percentage?

    Any cash back/rebates?
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