Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2014 Toyota Prius Lease Questions

Kirstie_HKirstie_H Posts: 10,851
edited January 21 in Toyota
Ask questions about leasing the 2014 Toyota Prius, or share your deal here!

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

«13

Comments

  • Hi guys,

    This is the best offer I got so far in Northern California. It feels higher than I thought as the cap cost quoted here is higher than a quoted sale price I got of $23,900 for the Prius 3. Any advice?

    A. 2014 Toyota Prius III MSRP: $26,800, 36-Month Lease for 12k Miles per Year: Drive-Off - $721 (1st Payment, DMV, Doc fees and a small sales tax) Monthly Payment - $319 + tax Cap Cost - $25,415 MF - .00090 Residual - $15,974

    B. 2014 Toyota Prius v III (in stock) MSRP: $28,550 36-Month Lease for 12k Miles per Year: Drive-Off - $754 (1st Payment, DMV, Doc fees and a small sales tax) Monthly Payment - $340 + tax Cap Cost - $27,075 MF - .00130 Residual - $17,610

  • Hi Kirstie, Can you please provide MF / Residual for 2014 Prius 4. Looking at 24 / 15K(?)not sure this is available and 36 / 15K Thanks!

  • kyfdxkyfdx Posts: 28,036

    @bcampbell001 said: Hi Kirstie, Can you please provide MF / Residual for 2014 Prius 4. Looking at 24 / 15K(?)not sure this is available and 36 / 15K Thanks!

    I've got money factors, but not the residuals..

    .00001 MF for 24 months, and .00042 for 36 months..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • djrobsddjrobsd Posts: 16

    Does anyone have updated MF or residual info for the Prius Hatchback? I am pretty sure the residual is 17, 182 because I've got quotes from 8 dealers, and the ones who were willing to give me the residual listed it as 17,182.

    Tier 1+

  • kyfdxkyfdx Posts: 28,036

    @djrobsd said: Does anyone have updated MF or residual info for the Prius Hatchback? I am pretty sure the residual is 17, 182 because I've got quotes from 8 dealers, and the ones who were willing to give me the residual listed it as 17,182.

    Tier 1+

    In most regions, the money factor is .00001 for April. I don't have residuals for the Prius. Dealers can't alter them, so what you see is what you get.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • witt168witt168 Posts: 16

    Hi Kirstie,

    Can you provide the money factor ro Prius II 36 months lease, 12,000/ year? I'm in L.A. area.

    Thanks.

  • MichaellMichaell ColoradoPosts: 3,828

    @witt168 said: Hi Kirstie,

    Can you provide the money factor ro Prius II 36 months lease, 12,000/ year? I'm in L.A. area.

    Thanks.

    61% residual and .00001

    MODERATOR
    2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4
    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • witt168witt168 Posts: 16

    Hi Michaell,

    Thanks for the quick response.

    I was offer a selling price of $22,988, total of $367.75 fee and residual of $14,762 for Prius II, 36 month lease with 12,000 miles/year with $0.00 out of pocket due at signing.

    Using the Edmund calculator, the lease payment comes out $259.00.

    Is this correct?

  • MichaellMichaell ColoradoPosts: 3,828

    @witt168 said: Hi Michaell,

    Thanks for the quick response.

    I was offer a selling price of $22,988, total of $367.75 fee and residual of $14,762 for Prius II, 36 month lease with 12,000 miles/year with $0.00 out of pocket due at signing.

    Using the Edmund calculator, the lease payment comes out $259.00.

    Is this correct?

    Looks pretty close - my calculations come back with a pre-tax payment of $239.10, so 8-8.5% tax gets you to around $259/mo.

    MODERATOR
    2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4
    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • witt168witt168 Posts: 16

    Hi Michaell,

    Thanks for the quick and great help.

  • Hi MichaelL and Kirstie,

    Can you tell me MF, Residual and monthly payment for a Prius V 5 with a purchase price of $27,291 (doc fee of $166) and a 8% tax rate? I'm looking for both 2 year and 3 year with 12,000 miles per year.
  • kyfdxkyfdx Posts: 28,036

    @paulhlee316 said: Hi MichaelL and Kirstie,
    Can you tell me MF, Residual and monthly payment for a Prius V 5 with a purchase price of $27,291 (doc fee of $166) and a 8% tax rate? I'm looking for both 2 year and 3 year with 12,000 miles per year.

    .00084 MF and 70% residual for 24/12
    .00114 MF and 60% residual for 36/12

    We'll need the MSRP to calculate a payment, but be advised that Toyota residuals are always iffy. Sometimes they don't apply to all options, so any calculated payment would be an estimate.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • The MSRP is $31,205
  • MichaellMichaell ColoradoPosts: 3,828

    @paulhlee316 said: The MSRP is $31,205

    Using your MSRP and selling price with the 36/12 MF and residual provided by my co-host, I get a pre-tax payment of $290.46.

    The 24 month payment actually works out better at $268.25 - the higher residual and lower MF work in your favor.

    MODERATOR
    2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4
    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • roadrageeroadragee CaliforniaPosts: 69

    Hi, Michael

    Could you provide MF & Residual for Prius Three and Five, 24 month. / 12k and 36 month / 12k for CA? (Do different trim levels have different MF/Residual for Prius?)

    Thank you!

  • roadrageeroadragee CaliforniaPosts: 69

    @roadragee said: Hi, Michael

    Could you provide MF & Residual for Prius Three and Five, 24 month. / 12k and 36 month / 12k for CA? (Do different trim levels have different MF/Residual for Prius?)

    Thank you!

    Hello? Anybody there? =)

    Thanks!!

  • kyfdxkyfdx Posts: 28,036

    @roadragee said: Hi, Michael

    Could you provide MF & Residual for Prius Three and Five, 24 month. / 12k and 36 month / 12k for CA? (Do different trim levels have different MF/Residual for Prius?)

    Thank you!

    Prius Liftback: .00001 MF and 71% residual. $1000 lease cash for 24mo, 12K/yr.
    .00001 MF and 61% residual. $1000 lease cash for 36mo, 12K/yr.

    Prius V: .00084 MF and 73% residual. for 24mo, 12K/yr.
    .00114 MF and 63% residual for 36mo, 12K/yr.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • roadrageeroadragee CaliforniaPosts: 69

    @kyfdx@Edmunds said:

    Thank you so much!

    Do those MF and Residual apply for all trim levels (Two, Three, Four, Five) of PRIUS LIFTBACK? If different, could you post MF & Resi for Prius FIVE trim level? Thank you!!

  • kyfdxkyfdx Posts: 28,036

    As far as I can tell.. same numbers for all levels. Toyota isn't real good about residualizing all options, so the higher the MSRP, the more likely that the effective residual percentage will be lower.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • roadrageeroadragee CaliforniaPosts: 69

    @kyfdx@Edmunds said: As far as I can tell.. same numbers for all levels. Toyota isn't real good about residualizing all options, so the higher the MSRP, the more likely that the effective residual percentage will be lower.

    Got it. Thanks again for the info! You guys rock!

  • aigochamalohaigochamaloh Posts: 25

    Holy crap, seems like a smoking deal to lease the Prius, then buy at end of lease if you're wanting to go that route in the first place.

  • aigochamalohaigochamaloh Posts: 25
    edited May 23

    Question.

    What is the amount applied upfront with 687.97? Are they taking the acquisition fee out from the cap cost reduction?

    If so, shouldn't gross and net cap cost be lower? Where else could that amount be from?

    TIA!

    prius RL.JPG 249.4K
  • kyfdxkyfdx Posts: 28,036

    I'm going to guess title and license fees...

    Out of the $3500 upfront, $2812.03 is CAP cost reduction, $193.26 is first payment, and $494.71 is unaccounted for.. (but, taken out of the $3500). $232 of that $494.71 is the license fee... If you add up the CAPPED numbers in column 2, that $232 isn't in the Gross CAP.

    So. .it's actually ($494.71 - $232.00) = $262.71 (that's the amount without explanation).

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • aigochamalohaigochamaloh Posts: 25

    Thank you!

    This is what I have in my Excel sheet. This is assuming I roll EVERYTHING into the monthly payment, which seems better since effective interest is 0.0%. Can I ask them to do that instead of paying for license and etc "up front"?

    prius.jpg 105.4K
  • kyfdxkyfdx Posts: 28,036

    You could... but, items that aren't taxed (like license/registration) become effectively taxed, if you borrow the money and roll them into the payment. So, I wouldn't do that.

    So, now that I slept on it, I'd say that the $262.71 that we can't account for is sales tax on the CAP cost reduction.

    The only way I'd structure it differently, is to put less money upfront. After all, as you mentioned, the finance charges are virtually zero. The $1500 rebate probably has to be applied as a CAP cost reduction, but you could probably pull back $1300 of your $2000, and still cover 1st payment, registration and tax on the rebate.. (corresponding increase in payment, of course)

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • aigochamalohaigochamaloh Posts: 25

    @kyfdx said: You could... but, items that aren't taxed (like license/registration) become effectively taxed, if you borrow the money and roll them into the payment. So, I wouldn't do that.

    So, now that I slept on it, I'd say that the $262.71 that we can't account for is sales tax on the CAP cost reduction.

    The only way I'd structure it differently, is to put less money upfront. After all, as you mentioned, the finance charges are virtually zero. The $1500 rebate probably has to be applied as a CAP cost reduction, but you could probably pull back $1300 of your $2000, and still cover 1st payment, registration and tax on the rebate.. (corresponding increase in payment, of course)

    Man, they tax on the cap cost reduction too?

    The trade in has to go in because they just want to get rid of the car before anything happens. It's an old Mercedes and they just have a feeling it isn't going to last much longer. I've driven it and it's fine, but it is old and they want to get something for it while they can. I can certainly understand that I suppose.

    Probably going to do the deal this morning so we'll see how it goes.

    Pricing on the car and lease look OK to you?

    Thanks!

  • kyfdxkyfdx Posts: 28,036

    Yes, the price looks good.

    If they didn't tax CAP reductions, everyone would put $10K down, and only pay tax on a $30 payment...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • atos2012atos2012 Posts: 29

    @kyfd can you please provide with MF and Residual for Prius 5 36/10 and 12. Thanks 13.

    ** Saved Money - Earned Money **

  • MichaellMichaell ColoradoPosts: 3,828

    @atos2012 said: kyfd can you please provide with MF and Residual for Prius 5 36/10 and 12. Thanks 13.

    Toyota does not support 10K per year leases. Residual on a 36mo/12K lease is 59%. MF is .00001 with $1000 lease cash.

    MODERATOR
    2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4
    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • atos2012atos2012 Posts: 29

    @Michaell with your numbers and my calculation i have got $322/month including 8% CA tax. and 0 down of course. This is based on fare profit/offer to the dealer of 3%. What do you think?

    ** Saved Money - Earned Money **

«13
Sign In or Register to comment.