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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: 5,430

    @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: 5,430

    @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: 29,077

    @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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    Prices Paid, Lease Questions, SUVs

  • 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.

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