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2014 Toyota Corolla Lease Questions

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Comments

  • zezmer1zezmer1 Posts: 4

    I just got a quote for a Corolla S $197 after tax. 24 months 12K yearly. $600 down. not so familiar with the MF.

    Good deal?

  • MichaellMichaell ColoradoPosts: 7,354
    edited August 6

    @zezmer1 said: I just got a quote for a Corolla S $197 after tax. 24 months 12K yearly. $600 down. not so familiar with the MF.

    Good deal?

    What is the MSRP and selling price? What state is this?

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  • zezmer1zezmer1 Posts: 4

    MSRP is $22,110 Southern CA

  • MichaellMichaell ColoradoPosts: 7,354

    @zezmer1 said: MSRP is $22,110 Southern CA

    And the selling price?

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  • zezmer1zezmer1 Posts: 4
    Like $20,500
  • lilriceleelilricelee Posts: 19

    @zezmer1 said: I just got a quote for a Corolla S $197 after tax. 24 months 12K yearly. $600 down. not so familiar with the MF.

    Good deal?

    Corolla S Plus??

  • MichaellMichaell ColoradoPosts: 7,354

    @zezmer1 said: Like $20,500

    $197/mo is a pretty good deal for a car that stickers at over $22,000. Enjoy!

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  • zezmer1zezmer1 Posts: 4
    Yes, plus. It looks like it's a statewide deal. I got the same quote in two different dealerships in southern & northern California.
  • mik821mik821 Posts: 5

    Hello, I keep trying to find out what is the money factor and residual for a Corolla S Plus. I am interested in leasing it for 36 months with 12k/year. I am located in Southern California. Thank you so much. M

  • kyfdxkyfdx Posts: 30,539

    @mik821 said: Hello, I keep trying to find out what is the money factor and residual for a Corolla S Plus. I am interested in leasing it for 36 months with 12k/year. I am located in Southern California. Thank you so much. M

    .00001 MF and 64% residual

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  • mik821mik821 Posts: 5

    @kyfdx said: .00001 MF and 64% residual

    kyfdx, thank you very much for the info, but I just wanted to clarify the MF value. Is it really .00001 like you wrote or .001 like the others have already posted in this thread? Thank you. M

  • MichaellMichaell ColoradoPosts: 7,354

    @mik821 said: Thank you. M

    That is in fact 4 zeros in front of the 1 - or an interest rate of .02%.

    Almost free money.

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  • mik821mik821 Posts: 5

    I had to check it as it seemed too good to be true. Thanks a lot! M

  • kbclutchkbclutch Posts: 3

    Can I get the money factor for a 2014 Corolla LE for 24 months w/ 12k/year in central Illinois?

  • kbclutchkbclutch Posts: 3

    Also, I'd like to know the residual.

  • MichaellMichaell ColoradoPosts: 7,354

    @kbclutch said: Can I get the money factor and residual for a 2014 Corolla LE for 24 months w/ 12k/year in central Illinois?

    .00001 and 72%

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  • bnsync21bnsync21 Posts: 3

    Can someone tell me the current (Aug/Sept 2014) MF and Residual values for 2014 Toyota Corolla S Premium with Driver's Convenience Package for 36-months, 15k miles with Excellent Credit? MSRP is $23,585. Thank you in advance!

  • kyfdxkyfdx Posts: 30,539

    @bnsync21 said: Can someone tell me the current (Aug/Sept 2014) MF and Residual values for 2014 Toyota Corolla S Premium with Driver's Convenience Package for 36-months, 15k miles with Excellent Credit? MSRP is $23,585. Thank you in advance!

    .00001 MF and 62% residual

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  • Got a dealer in southern california giving me the following quotes for a 12k/3yr lease 0 down:

    2014 Corolla LE Eco Plus (auto) - $228 with tax - MSRP $21,165 - Sale Price $18,354

    He then said I can get a 2015 same model with the following details

    2015 Corolla LE Eco Plus (auto) - $245 with tax - MSRP $21,165 - Sale Price $18,354

    He said same vehicle just a 2015 and he'd give me the same sales price.

    Does this look right or does something seem off?
  • MichaellMichaell ColoradoPosts: 7,354

    Got a dealer in southern california giving me the following quotes for a 12k/3yr lease 0 down:

    2014 Corolla LE Eco Plus (auto) - $228 with tax - MSRP $21,165 - Sale Price $18,354

    He then said I can get a 2015 same model with the following details

    2015 Corolla LE Eco Plus (auto) - $245 with tax - MSRP $21,165 - Sale Price $18,354

    He said same vehicle just a 2015 and he'd give me the same sales price.

    Does this look right or does something seem off?

    MF for 2014 Corolla is .00001and 36/12 residual is 62% - with your MSRP and selling price, I get a pre-tax payment of $145.64/mo. Your quote from the dealer seems high.

    I don't yet have any numbers for the 2015 Corolla so cannot comment on that deal.

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  • baddomesbaddomes Posts: 4
    Hello, Can you please tell me the November MF and RV for a Corolla L purchased in MD or VA and titled in DC?

    Thanks in advance
  • MichaellMichaell ColoradoPosts: 7,354
    edited November 5
    baddomes said:

    Hello, Can you please tell me the November MF and RV for a Corolla L purchased in MD or VA and titled in DC?

    Thanks in advance

    I only have partial 2015 Corolla info .... and, not completely certain it applies to MD or VA; Toyota numbers are highly regionalized.

    24 months / 12K - .00038 but no residual information

    36 months / 12K - .00030 and 65%

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  • I live in the South Central area of Pennsylvania and would like to find the residual and money factor for a 2015 Toyota Corolla LE (which has an MSRP of $19,340). Thank you.
  • MichaellMichaell ColoradoPosts: 7,354
    buffyjac said:

    I live in the South Central area of Pennsylvania and would like to find the residual and money factor for a 2015 Toyota Corolla LE (which has an MSRP of $19,340). Thank you.

    .00030 and 65% for 36 months, 12K miles per year.

    This is not the PA specific information, but it's the best we have at the moment. It may be the same for you, but it may not....

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