Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Toyota Camry Lease Questions

Hi everyone. Please use the following discussion to post any questions that you have about leasing a Toyota Camry. Thanks.

Smart Shopper / Prices Paid Forums


  • lmacmillmacmil Posts: 1,756
    I leased a Camry in April. Just a bit of info. Toyota "residualizes" the options differently than just about everyone else. They use a different residual factor for the options than for the base car. Not a big deal but makes the lease calculation more complicated if you're trying to figure it out yourself from the standard formula.
  • I found that out yesterday after I called a dealer a liar. He told me that the residual was off the base MSRP and not the sticker MSRP with the destination included. Problem was that I looked on Edmunds, MSN, leasing guide, and called the 3 other area dealers and they all said that the dealer was wrong. Turns out he wasn't but he was still a liar about MANY other things so it made it easier to walk.

    Why the hell does Toyota do it this way? Essentially you pay a lot more than you would with other cars.
  • lmacmillmacmil Posts: 1,756
    Who knows why they do it like they do? Even the finance guy at the dealership thought it was stupid. I think it resulted in about $20/month more on my lease payment. That's not all that much compared to the overall cost. Certainly not a deal breaker.
  • "Why the hell does Toyota do it this way? Essentially you pay a lot more than you would with other cars."

    And therein lies the answer.
  • Car_man,

    Any news on the September specials for the 05 or 06 Camry's? I would like to know the money factor and residual for Tier 2 credit.


    Chris 9/5/05
  • Excellent point, lmacmil. Toyota Financial Services' option residualization policy is indeed different from that of most other banks. It makes calculating lease payments on Toyotas more difficult.

    Smart Shopper / Prices Paid Forums
  • Hey crandleman. I would be happy to try to give you an idea of what Toyota's September lease program is like on the 2005 and 2006 Camry. However, in order for me to do so I need you to tell me how long you want to lease one for, how many miles per year you need to be able to drive it, and what state you are in.

    Smart Shopper / Prices Paid Forums
  • Car_man,

    2006 for 36 months 12,000 miles with Tier 2 credit in Iowa.

  • Hey crandleman. I have not seen Toyota's specific lease money factor for the 2006 Camry in your area, but in every area of the country that I have seen it for Toyota Financial Services' buy rate lease money factor is .00190. Its 36 month, 12,000 miles per residual value for the '06 Camry is currently 56%.

    Smart Shopper / Prices Paid Forums
  • Can i get the November lease rates for a camry 4 cyl LE in southern cali for 36 months/12k miles a year?
  • the money factor is .00004 and resdidula 54 percent
    Kille MF. Just leased 2 camry for 239mo 0 down sign and drive
  • that MF is unheard of, unless there is a catch....
  • Hey ogbuffguy. If you were to lease a 2006 Toyota Camry LE 4-cylinder sedan through Toyota Financial Services in its Los Angeles region right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00190 and 56%, respectively for consumers who qualify for its Tier 1+ credit tier.

    Smart Shopper / Prices Paid Forums
  • czrczr Posts: 5
    Hey Car_man,

    What is the residual and money factor for a 2006 camry in the metro nj area for 36 months 12,000 miles for tier 1 and tier 2 credit?

    Would it be cheaper to get an 2005?

    thanks in advance
  • Hi Car_Man,

    I just finished leasing a BMW for myself and now I'm helping my father to lease a Camry.

    In BMW lingo, there's a "MACO" marketing fee and "Training Fee" that the dealers are charged (and is added to their invoice). Does Toyota have equivalents? There's a bank fee called "Acquisition Fee" to get a lease started, it's $625. Does Toyota have something similar?

    In order to get the best money factor, BMW requires a refundable deposit (roughly a month's payment). Does Toyota require the same?

    My father wants to get a 4 Cylinder XLE. Do you happen to know the residual and money factor for that car in Northern California (San Francisco area)? Is there a site where it is all posted?

    I heard that the options on Toyota's have a different residual value than the base car, is that so? If so, do you have those numbers as well?

    And lastly, once I build the spreadsheet with all this data, what kind of deals should he expect to get in terms of markup from the invoice?

    Thanks so much in advance!!!
  • polo1polo1 Posts: 1
    Hey Car_man.

    I am in Miami area. I have no experience in lease, today at a Toyota dealer, they offered me a Toyota Camry 4 cylinder for $18,900, if I want to lease this car, how much could be my monthly payment.

    By the way, what is he meaning of "rate lease money factor" and do you use it.

    Thanks so much in advance!!!
  • I am considering a Camry LE 4cyl 4 DR Auto. According to the toyota web site, $229/Mo. – 36 Month Lease. $2,399 due at lease signing. Lease Factor .00120 Lease-end purchase option $11,410. The manufacturer’s suggested retail price for the 2006 Camry 4-Door Sedan LE Model 2532 is $20,101. I am in Cleveland Ohio Questions:

    1. I want alloys. the dealer is saying it will cost me $1000 and does not residualize. It will cost me $30 a month extra. Is this correct? I really want them, but its not worth $30 a month.

    2. I am using the $1000 toyota newspaper ad that can be applied to my best deal. I am trading in my 02 highlander 4x2 4cyl that has a buyout of $11,995. THe dealership is willing to give me $13,000, so I will get an extra $1000 down. What should my monthly payment be with 0 down? THey are telling me $268.
  • Hi Car_Man:

    My toyota lease is up next month, do you know if Toyota Finance negotiating residual value?
  • Hi, I just talked to a dealership in Phoenix area. They offer me the 06 Camry LE model with the following leasing program.

    1) Monthly payment $220 (including tax which is 8.1% here)
    2) The residual value is about $11,400 (I dont negotiate on the car price, but the MSRP is $21,100)
    3) My down payment is $2,500.
    4) I have a 98 Ford Excort ZX2 to trade in and they give $2,500 for the trade in value. (Car with fair condition but good mileage which is about 89,000 miles)

    I have done a simple calculation in order to get the basic figure of this leasing offer.

    If I use the residual value of $11,400 with the 56% of residual percentage, the car price will be $20,357. And with $220 (including 8.1% of sale tax) monthly payment, the money factor will be about 0.000826.

    So, I wonder if it's a good deal or not. Sounds to me is fair but dont know if this applies for a 06 Camry which is the last year model of this generation.

  • mi_satmi_sat Posts: 42
    I don't know about the payment specifics in your area, but the rate lease money factor, in my opinion, is just a way to confuse the prospective lessee. It's not nearly as mysterious as it may sound.

    Here's the truth: Take the lease money factor, multiply by 2400, and you get the interest rate. So, a money factor of 0.00190 equates to an interest rate of 4.56% (0.00190 x 2400).
This discussion has been closed.