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2014 Toyota Prius Lease Questions

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  • 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: 6,353

    @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: 6,353

    @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.

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  • mmenardmmenard Posts: 51

    What would the residual value on the Prius2 be at 36 months, 10K miles per year? Thank you!

  • kyfdxkyfdx Posts: 29,801

    @mmenard said: What would the residual value on the Prius2 be at 36 months, 10K miles per year? Thank you!

    61%

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  • I am looking to lease a 2014 Prius IV. Can anyone provide the money factor and residual for 3 yr/15k 2014 Prius IV in San Diego. Your help is greatly appreciated

  • I did not get all the numbers, I wanted. quick feedback would be appreciated. 2014 Pirus Trim 3. True car price got for this dealer is 23, 399. He is not giving me any breakdowns for lease. Total lease cost for 24 months/12K excluding taxes, registration fees - 6695.00, that comes to 278.00 per month. I am not looking to add any other options to add. Using my excel, it comes to 0.71 residual, 0.00125 MF. Is it a good deal? I am looking for 2 years or less. Does it sound like a good deal? I am hard pressed for time, as one of my car broke down. Appreciate your feedback. I may jump on it today, if possible.

  • nwdrewnwdrew Posts: 2
    what are the October mf and residual #s for 14 Prius 2 on 24/12 in Kansas city
  • nwdrewnwdrew Posts: 2
    the following is copied from the Toyota website. any idea why the numbers don't match?

    Lease a new 2014 Prius Two Hybrid 1.8L 4-cyl (excludes Prius c and Prius v) for $179 a month for 24 months with $2,420 due at signing, which includes first month’s payment, $2,591 down payment, $1000 TFS Subvention Cash Reduction, $0 security deposit and $650 acquisition fee. Example based on model #1223. Optional equipment varies by region. Base MSRP including freight $25,250. Monthly payments of $179 total $4,296. Capitalized cost of $23,578 based on down payment and dealer participation, which may vary by dealer. Payment may vary depending on final transaction price. Lease-end purchase option is $16,698
  • MichaellMichaell ColoradoPosts: 6,353
    nwdrew said:

    the following is copied from the Toyota website. any idea why the numbers don't match?

    Lease a new 2014 Prius Two Hybrid 1.8L 4-cyl (excludes Prius c and Prius v) for $179 a month for 24 months with $2,420 due at signing, which includes first month’s payment, $2,591 down payment, $1000 TFS Subvention Cash Reduction, $0 security deposit and $650 acquisition fee. Example based on model #1223. Optional equipment varies by region. Base MSRP including freight $25,250. Monthly payments of $179 total $4,296. Capitalized cost of $23,578 based on down payment and dealer participation, which may vary by dealer. Payment may vary depending on final transaction price. Lease-end purchase option is $16,698

    Best information I have is .00001 MF, $800 lease cash and 60% residual for 36 months, 12K miles per year.

    I don't understand the difference in the numbers, either - the amount due at signing should be equal to or greater than the down payment amount.

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  • paroxysmparoxysm Posts: 6
    ^ Is that $800 lease cash a nationwide offer?

    My current Prius lease is ending and I'm planning to go to the dealership to lease a 2014 Prius 3, I'm just not sure what could be considered a "good" deal. According to Edmunds' lease calculator, the MF for my zip code is 0.00125, which is much higher than the MF Michaell and others have quoted on this thread.

    If I manually put in the 0.00001 in that same calculator, my monthly payment goes down a good $25-30/month, inclusive of tax.

    Any info on MF, RV and/or a "fair" capitalized cost estimate for the Prius Three would be really helpful!
  • MichaellMichaell ColoradoPosts: 6,353
    paroxysm said:

    ^ Is that $800 lease cash a nationwide offer?

    My current Prius lease is ending and I'm planning to go to the dealership to lease a 2014 Prius 3, I'm just not sure what could be considered a "good" deal. According to Edmunds' lease calculator, the MF for my zip code is 0.00125, which is much higher than the MF Michaell and others have quoted on this thread.

    If I manually put in the 0.00001 in that same calculator, my monthly payment goes down a good $25-30/month, inclusive of tax.

    Any info on MF, RV and/or a "fair" capitalized cost estimate for the Prius Three would be really helpful!

    Argh ... Toyota runs so many regional programs that have different MF and residual, us hosts can't keep up.

    I looked at a couple of different regions and saw the .00001 MF, so I figured that was national. Not sure that even Edmunds' lease calculator has the most current information.

    You might ... gasp! ... have to contact the dealer.

    And, the residual value is, as the British say, a dog's breakfast. Toyota doesn't residualize all their options, and even the dealers struggle to figure out how to calculate a lease payment.

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  • kyfdxkyfdx Posts: 29,801
    nwdrew said:

    the following is copied from the Toyota website. any idea why the numbers don't match?

    Lease a new 2014 Prius Two Hybrid 1.8L 4-cyl (excludes Prius c and Prius v) for $179 a month for 24 months with $2,420 due at signing, which includes first month’s payment, $2,591 down payment, $1000 TFS Subvention Cash Reduction, $0 security deposit and $650 acquisition fee. Example based on model #1223. Optional equipment varies by region. Base MSRP including freight $25,250. Monthly payments of $179 total $4,296. Capitalized cost of $23,578 based on down payment and dealer participation, which may vary by dealer. Payment may vary depending on final transaction price. Lease-end purchase option is $16,698


    The $1000 is money from Toyota and should be subtracted.

    $2591 down
    +$179 1st payment
    +$650 acq.fee

    -$1000 TFS Cash reduction

    = $2420 Due at signing.

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  • paroxysmparoxysm Posts: 6
    Michaell said:

    Argh ... Toyota runs so many regional programs that have different MF and residual, us hosts can't keep up.

    I looked at a couple of different regions and saw the .00001 MF, so I figured that was national. Not sure that even Edmunds' lease calculator has the most current information.

    You might ... gasp! ... have to contact the dealer.

    And, the residual value is, as the British say, a dog's breakfast. Toyota doesn't residualize all their options, and even the dealers struggle to figure out how to calculate a lease payment.

    Thanks Michaell!

    I'm planning to go to the dealer tomorrow, hoping to get a good deal considering it's a holiday weekend.

    When I got my first Prius, I was a newbie and negotiate the monthly payment rather than the actual cost of the car. How likely are they to reveal the MF or is there a more subtle way to bring it up during negotiations than "what money factor do you guys use?"
  • MichaellMichaell ColoradoPosts: 6,353
    paroxysm said:

    Michaell said:

    Argh ... Toyota runs so many regional programs that have different MF and residual, us hosts can't keep up.

    I looked at a couple of different regions and saw the .00001 MF, so I figured that was national. Not sure that even Edmunds' lease calculator has the most current information.

    You might ... gasp! ... have to contact the dealer.

    And, the residual value is, as the British say, a dog's breakfast. Toyota doesn't residualize all their options, and even the dealers struggle to figure out how to calculate a lease payment.

    Thanks Michaell!

    I'm planning to go to the dealer tomorrow, hoping to get a good deal considering it's a holiday weekend.

    When I got my first Prius, I was a newbie and negotiate the monthly payment rather than the actual cost of the car. How likely are they to reveal the MF or is there a more subtle way to bring it up during negotiations than "what money factor do you guys use?"
    Nothing wrong with the direct approach - politely, of course.

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  • jay285jay285 Posts: 13
    For a Toyota Prius V with the Five package in Texas, what would the residual be on a 24/15? Also, is the residual higher if the advanced technology package included?
  • MichaellMichaell ColoradoPosts: 6,353
    jay285 said:

    For a Toyota Prius V with the Five package in Texas, what would the residual be on a 24/15? Also, is the residual higher if the advanced technology package included?

    .00001 and 70%.

    Residual values on individual options are almost impossible to determine for Toyota.

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  • jay285jay285 Posts: 13
    Michaell said:

    jay285 said:

    For a Toyota Prius V with the Five package in Texas, what would the residual be on a 24/15? Also, is the residual higher if the advanced technology package included?

    .00001 and 70%.

    Residual values on individual options are almost impossible to determine for Toyota.
    Thanks for the quick response!

    I have a general question on the .00001 MF. Does Toyota post this number anywhere? I assume dealers are free to negotiate whatever they can get - it would be nice to reference a source when countering their offer.
  • MichaellMichaell ColoradoPosts: 6,353
    jay285 said:

    Michaell said:

    jay285 said:

    For a Toyota Prius V with the Five package in Texas, what would the residual be on a 24/15? Also, is the residual higher if the advanced technology package included?

    .00001 and 70%.

    Residual values on individual options are almost impossible to determine for Toyota.
    Thanks for the quick response!

    I have a general question on the .00001 MF. Does Toyota post this number anywhere? I assume dealers are free to negotiate whatever they can get - it would be nice to reference a source when countering their offer.
    These numbers are not made public; how you let them know about the base rates is up to you to decide.

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  • jay285jay285 Posts: 13
    Michaell said:

    jay285 said:

    Michaell said:

    jay285 said:

    For a Toyota Prius V with the Five package in Texas, what would the residual be on a 24/15? Also, is the residual higher if the advanced technology package included?

    .00001 and 70%.

    Residual values on individual options are almost impossible to determine for Toyota.
    Thanks for the quick response!

    I have a general question on the .00001 MF. Does Toyota post this number anywhere? I assume dealers are free to negotiate whatever they can get - it would be nice to reference a source when countering their offer.
    These numbers are not made public; how you let them know about the base rates is up to you to decide.
    That's what I thought. Thanks again for your help. You are a great resource!!!
  • atos2012atos2012 Posts: 36
    @Michaell what is the numbers in SoCA as of right now? 2015 Prius 2 24/12k/15/k/18k, 36/12k/15k/18k Thanks in advance.

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  • MichaellMichaell ColoradoPosts: 6,353
    atos2012 said:

    @Michaell what is the numbers in SoCA as of right now? 2015 Prius 2 24/12k/15/k/18k, 36/12k/15k/18k Thanks in advance.

    .00095 MF for both 24 and 36 month leases on 2015 Prius.

    64% residual for 36/12. Subtract 2% for 15K. No 18K numbers available.

    I can't find any 24 month residuals.

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  • jay285jay285 Posts: 13
    jay285 said:

    Michaell said:

    jay285 said:

    For a Toyota Prius V with the Five package in Texas, what would the residual be on a 24/15? Also, is the residual higher if the advanced technology package included?

    .00001 and 70%.

    Residual values on individual options are almost impossible to determine for Toyota.
    FYI - Talked with a Houston dealer about the residual on a 2014 Prius v FIVE with the advanced technology package (ATP). At a MSRP of $37674, the 24/12 residual was quoted at 58% and the 36/12 was quoted at 49%. ATP is about a $5,000 option and it doesn't look to have any residual value, which pretty much kills the deal.

  • paroxysmparoxysm Posts: 6
    I went to Toyota to negotiate a 2014 Prius 3 only to find out someone had beat me to their last 2014 Prius a few hours before. So they offered me a Prius V Three for $289. I said no without getting more info on the MF or RV but when I got home I thought $289 wasn't bad for a V Three.

    Is the 0.00001 RV and 70% RV that Michaell said still applicable to the V Three in NY for 15k miles/yr?

    The same dealer also offered me 2015 Prius Three at 0.0001 and 59% RV, that's an awful deal right? Is it possible to negotiate the MF they use to calculate the monthly pmt? He salesman made it seem like the MF is take it or leave it.
  • MichaellMichaell ColoradoPosts: 6,353
    paroxysm said:

    I went to Toyota to negotiate a 2014 Prius 3 only to find out someone had beat me to their last 2014 Prius a few hours before. So they offered me a Prius V Three for $289. I said no without getting more info on the MF or RV but when I got home I thought $289 wasn't bad for a V Three.

    Is the 0.00001 RV and 70% RV that Michaell said still applicable to the V Three in NY for 15k miles/yr?

    The same dealer also offered me 2015 Prius Three at 0.0001 and 59% RV, that's an awful deal right? Is it possible to negotiate the MF they use to calculate the monthly pmt? He salesman made it seem like the MF is take it or leave it.

    The MF is set by the finance company but can be inflated by the dealer for extra profit. Residual cannot be negotiated.

    Prius V lease numbers are .00001 and 70% for 24 months 15K miles per year.

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  • roadrageeroadragee CaliforniaPosts: 71
    Hi.

    What is the current MF / Residual for 2015 Prius PERSONA series 3 yr / 36k miles?

    Thanks!
  • for a 2015 Prius 2 in NoCal I've just been quoted from 2 dealers a 15,488 residual for 36k miles for 36 months, and from one dealer a money factor of 0.00095 and from another "0.0010 (tier 1)":
    a) what's "tier 1"?
    b) are those in the ballpark?
    c) Can we negotiate the dealers down?

    B/c if 2 different quotes that means someone's padding something (I see you mentioned that there can be in a little for the dealer). BTW, these money factors are MUCH higher than Subaru is charging...There HAS to be a profit center in there!
  • MichaellMichaell ColoradoPosts: 6,353
    roadragee said:

    Hi.

    What is the current MF / Residual for 2015 Prius PERSONA series 3 yr / 36k miles?

    Thanks!

    .00095 and 64%

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