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2014 Toyota Prius Lease Questions

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Comments

  • brunofbrunof Posts: 6

    Thank You Michaell. MSRP was $29655. Negotiated selling price was $25855. Lease is for 36 mos however. Your input is greatly appreciated.

  • brunofbrunof Posts: 6

    Thank You Michael. MSRP $29655, Negotiated Sale Price of $25855 w/ all incentives included. Terms of lease however were 36/12. My bad not specifying that.

  • MichaellMichaell ColoradoPosts: 5,022

    @brunof said: Thank You Michael. MSRP $29655, Negotiated Sale Price of $25855 w/ all incentives included. Terms of lease however were 36/12. My bad not specifying that.

    With your MSRP and selling price, and using the .00001 MF and 58% RV for 36/12, I get a pre-tax payment of $240.85.

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  • brunofbrunof Posts: 6

    Thank You again for this info. Spent time today back and forth with dealer although we were unable to reach a deal. First, sales price increased and then I was advised that I cannot calculate payment using "percentages." I instead had to use actual vehicle residual values "provided to dealer by Toyota Financial Services. TFS uses these #'ss on each car based on VIN#"

    STD 24 $18,767.00

    36 $15,924.00

    48 $13,364.00

    LOW 24 $19,336.00

    36 $16,492.00

    48 $13,933.00

    So using the higher sales price of $27303, and the residual amount of $16492, I come in around $325 per month including tax which still doesn't match there offer of $342 per month. Time to do some comparison shopping.

  • MichaellMichaell ColoradoPosts: 5,022

    @brunof said: Thank You again for this info. Spent time today back and forth with dealer although we were unable to reach a deal. First, sales price increased and then I was advised that I cannot calculate payment using "percentages." I instead had to use actual vehicle residual values "provided to dealer by Toyota Financial Services. TFS uses these #'ss on each car based on VIN#" STD 24 $18,767.00

    36 $15,924.00

    48 $13,364.00

    LOW 24 $19,336.00

    36 $16,492.00

    48 $13,933.00

    So using the higher sales price of $27303, and the residual amount of $16492, I come in around $325 per month including tax which still doesn't match there offer of $342 per month. Time to do some comparison shopping.

    Toyota does in fact use some strange methods to determine residuals. While they provide a percentage for the "base" car, not all the options are residualized. This can make for some, um, "different" numbers than what you would get from a lease calculator.

    Lots of Toyota dealers out there ... I'm sure you can find one that will do the deal on terms that you are comfortable with.

    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

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