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I am not intimately familiar with what the market is like for the RAV4 in New York at the moment, but you are in an area that has a good level of competition. If I was in the market for this vehicle in your neck of the woods, I personally would shoot for a selling price of around $500 over dealer invoice or so. Make sure to stop by the "Toyota RAV4 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar vehicles lately.
As I mentioned earlier, once you arrive at a selling price that you are comfortable with have the dealer that you are working with calculate your monthly payment using Toyota Financial Services' buy rate lease money factor. I don't believe that Toyota is currently providing any lease support on the 2008 RAV in your area. As a result, if you were to lease one through TFS right now, you would have to use its standard lease money factor. This number varies slightly by region, but it should probably be around .00285 for consumers who qualify for its top credit tier right now. Toyota is providing lease support on the '07 RAV in its the New York region. Its special buy rate lease money factor for the '07 RAV4 in your area is .00204 for consumers who qualify for its top credit tier.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The residual value for a 36 month lease of a 2008 RAV4 4WD with 15,000 miles per year is 57%. The problem with this resid is that TFS only publishes residual values for base vehicles without any options. It places restrictions upon what options can be residualized. The calculation of actual dollar residual values for vehicles that are leased through TFS is so complicated that Toyota provides its dealers with a list of the actual residual values for every unit that they have in stock rather than just having them use the percentages to calculate residual values like most other banks do.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I don't believe that Toyota is currently providing any lease support on the 2008 RAV4. That means if you were to lease one through Toyota Financial Services, you would have to use its standard lease money factor. Its buy rate standard factor often varies by region, but it is probably currently around .00285 for consumers who qualify for its top credit tier. Toyota is providing lease support on the 2007 RAV in your area right now. TFS' buy rate for the '07 model is currently .00171 in its Central Atlantic region for consumers who qualify for its top credit tier.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Toyota RAV 4 - (base model - 4 cylinder) - OH dealership
2WD: $322.00/mo lease
4x4: $324.00/mo lease
$341.00 down
36,000 miles
I am turning my current leased vehicle in at a different dealership & it is not included in this deal.
I am a lease person that will turn in the vehicle at the end of the lease and get something different. I have no plans to buy it out at the end.
This sounds like a great deal to me -- but I am worried after glancing through some of the Forums. It sounds TOO good. Anything I could be missing???
THanks!
Someone asked me what I pay for it the other day and was extremely surprised when I said $400. When I googled this forum came up and I saw that most other people were getting quotes closer to 250/300, with less down, and shorter leases.
What can I do if I got a terrible deal? I'm a young female and am starting to wonder if I was taken advantage of.
The only thing I know is that right after I leased the car it was sold to someone else? I'm not sure what it meant--it was a letter saying that the lease had been sold to someone/someplace in Alabama or something.
Is this lease completely out of wack? Is there anything I can do if it is?
Thanks for any advice!
Money factor is .00245 and residual is 55%.
Feedback? Thanks...
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
New to leasing so any info is appreciated. Thank you!
I live in NY and just leased a Rav4. I wanted to post the details and find out how you think I did on the deal:
Vehicle:
Toyota Rav4 model 4432
Base trim 4wd 4 cyl
Options:
Roof rack
Daytime running lights
Fifty state emissions
Floor mats
Cargo nets/cover
My lease payments are $239.00 and I paid a total of $3,097.97 which includes all taxes and fees and first months lease payment. My money factor was 0.00144 and my residual is $14,275. Of the cash out of pocket they put $2,035.00 to reduce the Cap cost.
Did I do ok?
Lishafis
Since GA and TN are in different dealer groups, the finance rates differ. What is the MF and residual for a RAV4 Limited with 15K/yr in Georgia and Tennesee?
Thanks,
Zed
Keep in mind though that TFS places restrictions upon what options can be residualized. This makes it very difficult to calculate the actual dollar residual values for vehicles, so much so that Toyota provides dealers with lists of the residual values for the units that they have in inventory instead of having them calculate them on their own. As a result, it is difficult for consumers to estimate what lease payments should be on Toyota models.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
What is the current MF for an RAV4 Sport in the NY/NJ? Would I do better to wait till July or August, or is it impossible to predict?
Thanks
I am looking to find out the money factor and residual value for a 36 month 15,000 mi/yr lease on a RAV4 Base 2WD in Orlando, FL.
Thanks!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I am looking for details on what you hear about what ChicagoLand Toyota dealers are offering for the Rav4. Wife is looking at the 4WD, 4cyl. LTD, 10Kmiles and 36 mo's. Let me know if anyone has what is being offered for money factors and residuals?
Thank you
$2200 at signing (includes all fees and taxes)
$270/month x 35 months
total expense = $11,650
This is the "final offer" I have gotten from a dealer that I've been negotiating with back and forth over email. I was trying to get that total expense number closer to about $10,000.... is that unreasonable? Any and all feedback is much appreciated! :-)
BTW, i've been reading this forum for a while now and i must say THANK YOU to everyone for posting all your numbers... it really helped me figure out if i was getting hosed or if i was being offered a competitive price on all the offers I received from about 15 dealers in the central NJ and north NJ area. I am in the north NJ area, but am willing to travel anywhere in NJ, Philly, NYC, Long Island to get a better deal.
You must be one hell of a negotiator!! How'd you get them to agree to that?
Congrats and enjoy the ride!
no money down sign and drive. taxes in payment
first months up front plus dnv tags
36 month lease
$355 a month
i think i did good here on long island
that sounds like a solid deal, good work... Can you tell me what salesman/dealership you used in Long Island? (i'm nearby, so might drop in for a visit). thanks!
I'm in Denver, CO and am looking to lease a base model Rav4 4x4.
Right now Toyota is giving $500 cash back so this price reflects that. I need help- bc this doesn't seem like a good deal! Is it? Thanks!
36 month lease/ 12k year
MSRP $24494
INVOICE: $22698
$0 down
$328 + tax ($355/month)
MSRP $24494
INV (w/ $500 rebate) $22198
$0 down
36 months at $317 + tax
sorry but what do i ask them to go below invoice?
i was also looking at the CR-V which has a lower MSRP yet has the same monthly payments. Do you prefer one over the other?
Thanks
So the lowest they'll do is $308 + tax. And thanks for the tip on colors which I've been struggling with because they're all pretty bad. They seem like high gloss.
Anyway, I have one last question for you. I was all set on the 4cyl but am being told by colleagues here that I MUST get the 6 since I'm living in the mountains- that going over passes in the snow with the 4 will be brutal. I just moved here from NYC so I don't know these things! I was going for the 4 mostly bc of price and not mpg. What do you think?
The V-6 is quite an engine in this vehicle...268 horsepower, approximately the same horsepower as a 4Runner V-8! Very zippy, and probably will get you only one or two miles less per gallon. Probably not a bad idea to go with that if you can COMFORTABLY afford it...you don't want your lifestyle hindered by a monthly payment that's not affordable. Keep in mind that a RAV with a v-6 is probably going to have an MSRP of mid $27k. What you really have to do is determine how much you can comfortably afford and then shoot for that vehicle. Just for the heck of it, you may also want to price a v-6 Sport or Limited. A lot of the options in those are residualized which means they're worth more at the end of the lease which helps with your payments. And don't forget, don't just price at one dealership, try at least three (don't be shy about pricing by phone). Be sure to let each dealership know that you are a serious buyer and make sure you give them all the same MSRP, you know, apples-to-apples, and make sure everything is included in the payment. Keep us advised.
At first, I tried Burien Toyota. The salesmen were playing good-cop bad-cop, the price was too steep. I frustrated and gave up.
Surprisingly, When I submitted a lease quote request from Doxon Toyota (Susie) and Toyota of Puyallup (Joe) and they were very co-operative. No selling pressure at all. Indeed, they were very helpful explaining the break-up. The wholesale Fin Res is removed, bought the vehicle. No pressure in selling Gap insurance, rock-chip protection. When I decided, I did not really have the heart to tell the other salesperson - a very strange buying experience. Highly recommend any one of these.
There were a few options already in the vehicle - roof racks, bug deflector, Rear Bumper Applique. Added after market leather seats. 260/month.
Can you provide us with numbers on how you got the $260/month? What was your selling price and otd price? Any down payment? How many miles? Was it a 4cyl? Base model?
Thanks $260/month sounds like the ideal monthly price for me so I'm interested to see if I can get a similar deal.
I looked into the lease money factor in your area and percentage-wise it comes out to a dismal 6.36%. In MA, it's around 2.50%, a big difference. That's why you're not getting any real good quotes. They are offering $500 off your best deal. So, if you take Mountain States Toyota RAV4 stock # 86043151 at a MSRP of $26,769 and subtract $500 you're down to $26,269. The dealership should give you at least another $1,000 off bringing you to $25,269. After doing all the math , I think you're doing OK considering Toyota isn't offering any lease specials. However, I'd make another attempt to squeeze them a little more. And make sure that price includes everything except your first month payment and registration. Don't sign anything unless you read it thoroughly! Also, have you gotten another quote from another dealership? That's the only way you'll know how good (or bad) a deal you're getting. Good luck.
I have gotten quotes from a few dealers. Mtn States and Boulder Toyota were the most competitive by far. Boulder Toyota was significantly lower than Mtn States on the 6cyl which is making me think I should take that deal. I drove the 4 cyl over 60 and felt like I was in a wind tunnel- it was really loud. I read that the '09 models are coming out in Sept- is it worth waiting either to get a better deal on the '08 or to get a spruced up '09? (it looks like they got rid of the black door handles on the new models and made a few changes to the interior besides putting the tire inside).
You're correct as to how the '09 RAV4 will have changes to both the interior and exterior. However, the spare tire is gone only on the upper level models with the V-6 (according to a Google I did on the 2009 RAV4). More than likely, you won't get as "good" a deal on the '09 because it's a new model year. The other thing you could do, and it's risky, is wait until Sept. 3 when Toyota rolls out their "specials" for September. The residual % at that time will be lower on the '08, but that's the gamble you'd be taking. If you're comfortable with the quote from Boulder, I'd suggest you seriously consider taking the deal. As they say "the ball's in your court"! Good luck.
I still haven't pulled the plug on the v6 Rav4! combo of the price and the cheap feeling interior is making me hesitate. I drove the '09 Subaru Forester XT and it seemed like a good option as well. What do you think of that engine compared to Rav's v6? also what are your thoughts all around about that car? the quotes I've gotten are all in the same ballpark as the Rav4. Also, I wouldn't put in premium fuel which is recommended- not sure how that will affect the turbo.
thanks for your help!
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