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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: 6,532
    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: 6,532

    @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: 6,532

    @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: 29,962

    @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: 6,532

    @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: 6,532

    @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: 29,962

    @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: 6,532

    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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