Toyota Corolla Lease Questions

frsa

For San Francisco, CA
2011 Toyota Matrix Lease Questions, what is the APR and MF for 20112011 Toyota Matrix Base Model ? Thanks

kromix

Car Man,

What is the Money Factor and Residual for a Corolla L model basic in South Florida for November??

Corolla Base L Model with Automatic

Price: $17,576.37
Term: 39 Months
Rate: .00191
Residual .66 - $11814.00

$800 Cash Due at Signing Includes 1st month payment
$239.98/month

Miami, Florida

Thoughts?

joey135

Car_Man,
Can you post the June 2013 money factor and residuals for 2013 Toyota Corolla L? Thanks a lot and I really appreciate your help.

sam365

Any idea of how a person can buy an off-lease vehicle for the residual value. The current 2010-2012 off-lease Corollas are priced on the dealer lots at much higher prices than the original stated residual value in the lease agreement. Has anybody had experience selling a vehicle coming off lease directly to a private party for the residual value (and perhaps some extra cash to pocket)?

CarMan@Edmunds

Hi joey135. toyota's lease program varies depending upon which one of its twelve regions you are in. In most areas, Toyota Financial Services' buy rate lease money factor is a low .00001 for Tier 1+ customers.

TFS' residual values are misleading because they are only for base vehicles. It places restrictions and caps upon which options can be residualized, making it difficult for individual consumers to figure out what the dollar residual value should be for the vehicle that they want or to work up lease payments on their own. This is different than just about every other bank does it. So the 36-month, 15,000 mile per year residual value for a 2013 Corolla L is 58% for a base model. The effective residual value is something less than that.

Car_man
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