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Toyota RAV4 Lease Questions

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  • isitsummeryetisitsummeryet Posts: 4
    edited December 2013

    Hi car_man, I am looking for the december residuals and MF on a 2013 and 2014 RAV4 AWD LE as well. Thanks.

  • g2369g2369 Posts: 41

    Hi,

    Still looking for residual and MF for a 2013 Rav4 Limited.

    24 months / 15k miles

    Thank you in advance!

  • I'm sorry, but I can't give you any reliable information for Toyotas. Depending on the region, money factors on that model vary from .00020 to .00070... I have no residual information.

    regards, kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • tjc78tjc78 JerseyPosts: 5,023

    Anything on January numbers?

    1999 Chevy S10 / 2004 Merc Grand Marquis / 2012 Buick LaCrosse

  • I'm thinking about leasing a 2013 RAV4 LE and saw a lease deal on Toyota's website: $199 a month for 24 months and $999 DUE AT SIGNING Questions: 1) Is this a good deal? 2) Is it negotiable further or is it low enough? The salesman says that the lease is a Toyota Corporate plan and is pretty much set in stone. 3) What does the following mean? "Special lease offer requires application of $2100 GST RAV4 lease subvention cash." 4) I might buy the car at the end of 24 months (LEASE END PURCHASE OPTION is $16876 plus tax, title and license). If this is a "subvented" residual value which they have artificially inflated to make the lease deal attractive, the car will probably be worth less than this at the end of the lease. Will I be able to negotiate this price at the end of the lease?

    Thank you for your help.

  • Michaell@EdmundsMichaell@Edmunds ColoradoPosts: 1,082
    edited January 10

    @cheapjack said: I'm thinking about leasing a 2013 RAV4 LE and saw a lease deal on Toyota's website: $199 a month for 24 months and $999 DUE AT SIGNING Questions: 1) Is this a good deal? 2) Is it negotiable further or is it low enough? The salesman says that the lease is a Toyota Corporate plan and is pretty much set in stone. 3) What does the following mean? "Special lease offer requires application of $2100 GST RAV4 lease subvention cash." 4) I might buy the car at the end of 24 months (LEASE END PURCHASE OPTION is $16876 plus tax, title and license). If this is a "subvented" residual value which they have artificially inflated to make the lease deal attractive, the car will probably be worth less than this at the end of the lease. Will I be able to negotiate this price at the end of the lease?

    Thank you for your help.

    I'll see if I can answer your questions:

    1) Seems to be - is this for 2WD or 4WD?

    2) Everything is negotiable - I'm sure that in the fine print it lists the selling price; that can be negotiated lower. Residual value is generally fixed. Money factor (interest rate) may be marked up and can be negotiated.

    3) GST is probably Gulf States Toyota - Toyota has regional distributors around the country. The $2100 is either a rebate or the amount that the selling price is reduced by.

    4) In the past, residual values could be negotiated, but that seems less and less likely now. Some manufacturers have insurance policies on used cars so that if the actual value of the vehicle is less than the stated value, they are compensated the difference.

    Best of luck, and keep us posted.

    michaell@edmunds.com

    Moderator, Prices Paid and Leasing Experiences

    2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4

  • Thanks Michael. FYI, its a 2WD. Toyota is offering 0.0% on finance. Does that mean their money factor for leases is also 0.00000?

  • Michaell@EdmundsMichaell@Edmunds ColoradoPosts: 1,082

    @cheapjack said: Thanks Michael. FYI, its a 2WD. Toyota is offering 0.0% on finance. Does that mean their money factor for leases is also 0.00000?

    Sadly, no. Lease and finance incentives are almost always different, but there have been occasions where manufacturers offer a money factor that is almost 0.

    Nothing beats free money, however. :)

    michaell@edmunds.com

    Moderator, Prices Paid and Leasing Experiences

    2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4

  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,869

    I'm seeing money factors of .00030 for the 2013 RAV4 in some regions... so, while not zero, that's pretty low. Equivalent to 0.72% APR

    Moderator - Prices Paid, Lease Questions, SUVs

  • unless you go into a 24 month leasing then the money factor is 0.00001, but i feel like the 24 month leases arent cheaper imo

  • hyun1120hyun1120 Posts: 2

    Just inked a deal on a 2014 Rav4 24mo 15kmi Limited 4WD lease.

    MSRP: 30804 Cap cost: 28000 Adjusted cap cost: 29418 (All the fees and remote starter option rolled in to the deal.) Residual: 21101 MF: .00033 Due at signing: 1st month $385

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