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Toyota Tundra Lease Questions

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  • cwa318cwa318 Posts: 51
    Just leased the 07 Tundra Crew Max Lim. Great deal here in FL. Lease residual was 59% 36mon 15K and money factor was 2.9. Beat down the dealer to $750.00 over invoice plus got accessories at their cost. I felt good about the deal becuase it was one of the first ones they had. I think the fuel prices at near $3 may have helped the cause somewhat. Amazingly enough I am avergaing 15.7 - 16.00 around town with the 5.7
  • bmwk75sbmwk75s Posts: 18
    Sounds great, where in Florida are you and what dealer was it. What did your monthly payment end up being? Was this for the 4x4 or 4x2.
  • cwa318cwa318 Posts: 51
    Sarasota Fl. MSRP was 43500....start ups out of pocket...Just under 600 month....4x4
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the information that you're looking for, jstran. Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Tundra CrewMax SR5 4WD with 15,000 miles per year are .00130 and 60%, respectively in most regions for consumers who qualify for its "Tier 1+" credit tier. Its 12,000 mile per year residual value would be 2% higher. The problem with the above residual value is that TFS only publishes residual values for base vehicles. It places restrictions upon which options can be residualized, making it difficult to estimate vehicles' lease payments accurately.

    Car_man
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    Prices Paid Forum
  • I have a copy of the invoice on a CrewMax Limited and I understand most of it, but there are some cost that I would like to find out about. TDA $732, Gasoline $10, Dealer Holdback $837 and Wholesale Financial Reserve $418. These cost are added into the invoice price of the vehicle and I just want to know if that is normal. I know not to include the dealer holdback in my deal, but what about the others? should I be paying them? Are they part of dealer's cost?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi kaitlinsgp. The best way to look at vehicles' prices is to focus on their out-the-door price. Don't let dealers make the situation more confusing than it needs to be by adding all sorts of fees to your deal. Just focus on the big picture...you want to drive off in the Tundra that you are interested in paying the lowest total amount possible. It doesn't matter how your truck's price breaks down if you are getting the best overall deal. Check out the following discussion to get an idea of how much you should pay for the truck that you want: "Toyota Tundra: Prices Paid & Buying Experience". Once you have a ballpark number, comparison shop with a few dealers to see what the best out-the-door price that you can get is.

    Car_man
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    Prices Paid Forum
  • westtxwesttx Posts: 16
    Hi Carman, can you please tell me the current money factor and residual value of a 2007 Toyota Tundra Double Cab SR5 in Texas on a 36 and 48 month lease with 15k miles per year?
  • tori645tori645 Posts: 1
    Carman, would you please post the curren(june) money factor/residual for 2007 Tundra Double Cab Sr5, base, 36months 15k/yr? thank you
  • travisutravisu Posts: 1
    I'm looking to lease a 07 Tundra according to Autoway Toyota in FL i can lease one for 235.00 a month 48 months with no money down... sounds crazy but heres the link.

    http://autoway.com/index.cfm?action=specials&subaction=specialscoupons&franchiseid=2284

    Does this sound realistic or what is the catch?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi westtx. Unfortunately, I have not seen Toyota's lease program for its Gulf States region lately. Sorry that I could not be of more help.

    Car_man
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    Prices Paid Forum
  • rmoreno1rmoreno1 Posts: 2
    Car Man:

    A dealer in Phoenix is quoting me a money factor of 0.0013 and a 53.9% residual for a 3 yr 12k mi/yr lease on a Tundra DC Limited I recently saw. I read above that the residual was around 62%. Is what he's quoting me a result of some of the options not residualizing or is he trying to take me?
  • noles2gnoles2g Posts: 3
    Carman,

    I looked at DC 5.7 with the XSP option, leather and 20' BBS wheels etc...msrp approx 35.800. selling price 500 over invoice with at 67% residual and mf of .0019? approx 5.7%?
    with a sign and drive...$555 pmt for 36 mo's and 15k a year. Why does it seem so high vs some of the other deals out there?
  • i am in the tampa bay area and i am in the market for the 07 tundra. most likely a least. can you all please advise me on the best way and the amounts i should be asking for. is there a prob with the sr5. v8. engine going bad. if so how much lower can i ask of the price. with so many ways for the dealership owners to mark up the price i know they will never loose money.
  • when does the 08's come out for the toyota tundra. does that mean that the 07's will have depreciated around 9300 once the 08's come out. someone told me that it dropps 9300 bucks the first year. what are you guy's thoughts. :confuse:
  • i would love to know the same thing. i am in the market for the same truck here in tampa bay florida. i am willing to travel to georgia and alabama if i have to to get a great deal. thanks in advance car man. :)
  • slojtslojt Posts: 1
    Carman,

    Do you have August (or July if you don't have August yet)money factor, residual value, etc for a 2007 Toyota Tundra Double Cab (Calif) for 36mo month lease with 12k & 15k miles per year?

    Have they changed the purchase incentives as of Aug 1?

    thanks,
    John
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi John. Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Toyota Tundra Double Cab with 15,000 miles per year in its Los Angeles region are .00067 and 60%, respectively for consumers who qualify for its Tier 1+ credit tier. The residual value for an otherwise identical lease with 12,000 miles per year would be 2% higher.

    I believe that Toyota lowered its Los Angeles region cash incentive on the 2007 Tundra Double Cab from $3,000 in July to $2,500 in August. this incentive is not compatible with the above special lease program anyhow.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man, Is the money factor the same for the Tundra Crewmax Limited 5.7L, 2WD? I'm wondering if you can give the 24mo. and 36mo. rates. 15K/yr. I'm in southern california. Thanks for the info.
  • Hey Car_man, i have about the same question as multiplechoice. Could you give me the money factor and residual on a Crewmax, Limited, 4X4, 5.7L with an MSRP of approx $43,000? I'm in the NE, MA to be specific.
    Also, is there a difference in the numbers if looking at 15K or 12K mileage? if so, do you have those? Almost forgot. I assume the 3yr lease is still the way to go...?

    thanks ahead of time...
    J88
  • Hey Car_Man & KYFDX,
    As a follow up to my orignal question, i visited a dealer over the weekend and in the breakdown they are showing me a monthly rental fee. i've been to three dealerships now and they are the only one that is showing me this fee. i called one of the other delaers i had visited previously and asked them about this charge and they told me they donot charge a monthly rental fee. is this fee something the dealership is doing to add to their profit or is it ligitimate.

    once again, i'm still getting conflicting information when it comes to the residual on these trucks, any help either of you can provide would be greatly appreciated.

    thanks
    J88
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