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Toyota FJ Cruiser Lease Questions

2

Comments

  • steevosteevo Posts: 339
    Can anyone confirm the MF?
  • allerballerb Posts: 3
    I was given a lease quote for 36 months, 36000 miles today for an FJ with a MSRP of 31006 with a negotiated purchase price of 27995 of 523.79 per month. I am thinking that this is high. Can someone tell me if this in the ballpark for a good lease price. Using the Payment calulator provided by TFS I was able to get a Lease price closer to 400 per month.

    Some other details below.

    Base Model - 23,700
    Convenience Package - 1,840
    Curtain Shield Airbag - 650
    Running Boards - 345
    Upgrade Package # 1 - 2,560
    Carpet Floor Mats and cargo Mat - 199
    Towing Hitch and Harness - 349
    Stainless Exhaust Tup - 69
    Roof Rack - 649

    Total Accessories 6661
    Destination Charge 645

    Residual - 15469
  • steevosteevo Posts: 339
    allerb, That lease is garbage. 36 months with 15000 a year should be closer to 400 at that price point.

    We need to know the actual MF and Residual used. THe residual is hard to figure with Toyota but I think it ends up around 53% after you figure the options. Last MF quote I got was .00250 .
    CAr_MAn if you are reading, do you know the August MF for 2007 Toyota FJ Cruiser? And is the 2008 model MF out yet?
    TIA, Steve
  • steevosteevo Posts: 339
    Car_Man if you are reading, do you know the August MF for 2007 Toyota FJ Cruiser? And is the 2008 model MF out yet?
    TIA, Steve
  • Hey Guys!

    What's goin on? First post... looks like an awesome forum! Ok, so here's the deal I got at my Toyota dealership:

    3329 down
    329/month
    Base Model with 5 speed auto/4wd
    locking rear dif
    ...etc some other options, but no package

    the msrp is 27,215 i think.

    do you think i did ok with this deal?
  • steevosteevo Posts: 339
    "Hey Guys!

    What's goin on? First post... looks like an awesome forum! Ok, so here's the deal I got at my Toyo"

    Looks pretty dead to me.....
  • Hi Steve. Toyota is providing lease support on the 2007 FJ Cruiser in a couple of its regions right now. I would be happy to give you an idea of what this truck's current program is like if you tell me what state you are in.

    The 2008 FJ Cruiser was introduced. Unfortunately, Toyota is not currently providing any lease support that I am aware of on it. As a result, if you were to lease one through Toyota Financial Services right now you would have to use its standard lease program. I believe that TFS' buy rate standard lease money factors vary slightly by region, but they are probably around .00275 for consumers who qualify for its Tier 1+ credit tier (credit score of 730 or higher) in most areas right now.

    TFS' residual values vary by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you want a 36 month lease with 15,000 miles per year. TFS' current 36 month, 15k residual value for an '08 FJ Cruiser AWD is 66%. Keep in mind though that Toyota only publishes residual values for base vehicles. It places restrictions upon which options can be residualized. This makes calculating vehicles' actual dollar residual values fairly tricky.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome marist07. You never mentioned the selling price of the FJ Cruiser that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • pss2pss2 Posts: 2
    Here's the deal I was just offered in Souther Cal.

    2008 4x4
    Upgrade package #2
    Mats
    Running Board

    $2200 down and 450/mo 4yr term. 12000 miles per year.

    Any good?
  • pss2pss2 Posts: 2
    I forgot the MSRP. Sorry. It is 29,976
  • krw1krw1 Posts: 1
    I was quoted the following on 07 FJ:

    36 month, 12,000 miles

    MSRP- $27,624
    Invoice- $25,162
    Selling price $24,362
    Residual- $15,256
    Money factor .00285
    Acquisition fee- $550
    License/Reg fee -$799
    Zero down no money paid upfront
    Monthly payment of $447 plus tax for 35 months.

    Is this a reasonable deal?

    Thanks for any help.
  • steevosteevo Posts: 339
    I get 365 if you are paying the aquisition and license up front. Otherwise around 400-410. Are you sure that monthly doesnt include tax?
    Maybe they are taking a down payment but rolling it in?
    Anyway, common sense should dictate that 447 month is way too high to pay for a 24000 dollar sale.

    24000 at 6% would be 475 a month on a 5 year loan.

    I say they are trying to rob you.
  • Hi pss2. Do you happen to know this truck's selling price as well? It is probably the most important number to focus on when negotiating a lease. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what the selling price is, you don't know how much room you have to negotiate. Let me know what the selling price is and I'll tell you what I think.

    For now I can tell you that Toyota is not currently providing lease support on the FJ Cruiser in you area. As a result, if you were to lease one through Toyota Financial Services' right now you would have to use its standard lease program. Its buy rate standard lease money factor varies slightly by region, but it should probably be around .00275 to .00285 for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi krw1. A selling price of $800 below dealer invoice is an excellent deal on a 2007 Toyota FJ Cruiser. Plus the money factor that you were quoted is right in line with Toyota Financial Services' buy rate for this model. The acquisition fee is right, too. At first glance, this looks like a good deal to me. However, the payments that you were quoted look strange. I come up with a zero down, pre-tax monthly payment of around $366 without the $550 and $799 fees added into the cap cost and a payment of around $408 with them added in. I doubt that sales tax amounts to $40 per month. Have the dealer double check the payments.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I am new to the forum and after reading some of the posts, I am getting a sick feeling on a deal I thought was very fair. I leased the FJ Cruiser last night. It is a 2008 and what seemed to be loaded (front grill,brush guards, fog light, roof rack, side boards). It was leased in lake couny ILL. It is a 36 month lease, 15k miles per year, and no money down (except first month payment, title fee, and license transfer = $726). Tax's are rolled into the lease. Total tax was $2103. The agreed Gross Capitalized Value is $29750. My MONTHLY PAYMENT $570. Please tell me if this is a fair price? Even if it's a ballpark guess. I keep seeing in the forum here, payments of around $450?
    Final question. Is there any type of law that protects the consumer if after signing, they have like 24 hours or 2 business days to cancle?.
    By the way, the above is close end lease. Depreciation and any Amortized Amounts over lease term is = $16454. Rent charge = $4729. Total of base monthly payments = $21184.92. Thank you in advance for any help.
  • monkee08monkee08 Posts: 4
    Anyone that has leased an 08 FJ March or April 08 I would love to know what your numbers are as there are no incentives for this vehicle right now.
  • despydespy Posts: 1
    I dont get it..........when I look at the TMV (based on my area) on the prices on this website or like these the price for the vehicle is around 21 to 23 thousand and thats MSRP!!!....however when I got qouted from some dealers around here there charging full sticker as if the FJ would be brand spanking new (charging 27,835 MSRP best price I could get out of them after some haggling was 25,535 before taxes and fees) at this rate I told one salesman im just better off waiting until the '09s come out and walked away...I understand that it is a model year vehicle but still if I was to drive it off the lot tommorrow and paid that price I was offered in essence thats almost four grand I lost right there..now am I right for thinking like that or is that just the nature of the beast living where I do...HELP!!!
  • So in May of 2008, I bought a pre owned 2007 FJ Cruiser w/ 16000 miles for around 24k plus warranty n stuff came out to around 27K. I had a $487 payment for 72 mos. A year later, i noticed that the vehicle had depreciated so much and that i was under and thought it wasn't worth it. in an attempt to get out of it, i leased a new 2009 yaris, which i am now paying $450 a month for 60 months, with $4000 down. Is there any way out of this [non-permissible content removed] lease? I thought of posting on lease trader but who would pay $450 a month for a yaris? any insight as to how i could've done this or what i still can do?
  • kyfdxkyfdx Posts: 29,792
    The reason your lease payment on the Yaris is so high, is you rolled in all of the negative equity from the FJ Cruiser.. That was a big mistake. You would have been much better off to keep makiing the payments on the FJ Cruiser. At the end of 5 more years, you would have owned it. What a vehicle is currently worth is of no consequence, if you don't sell it.

    The Yaris? You are stuck with that payment. Your mistake has already been made.. Anything you do, other than ride out that lease will cost you thousands more..

    I wonder what made you go through with that deal, once you saw the numbers?

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Thanks for the reply. I guess i was thinking that i was going to have a lower payment for the meantime and at the end of the lease, i'd be done and just walk away and start fresh. Only thing is, i feel like a base liftback yaris for $450 isn't worth it, but i guess i'm just paying off all the negative equity that got rolled over from the fj cruiser. The mistake's been made. I'll just ride it through. Great mileage though. ha.
  • gperrgperr Posts: 126
    Car_man,

    Do you happen to know the Nov '09 RES & MF for '10 FJ cruiser, 4wd Auto for 36 months, 15k miles? Also any other terms have better rates? What effect does a 12k or 10k miles per year have on residual.

    Thanks

    gperr
  • Hey gperr. Toyota is not currently providing support on the 2010 FJ Cruiser. As a result, if you were to lease one through Toyota Financial Services right now, you would have to use its standard lease program. The last time that I saw it, TFS's buy standard rate lease money factor was .00265 for consumers who qualify for its top aka "Tier 1+" credit tier.

    TFS' 36-month, 15,000 mile per year residual value for the 2010 FJ Cruiser 4WD is 66%. The residual value for a lease with only 12,000 miles per year would be 2% higher.

    The problem with TFS' residual value percentages is that it places restrictions upon what options can be residualized. As a result, its effective residuals are lower than its published percentages.

    Car_man
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  • gperrgperr Posts: 126
    Car_man,

    Are any of these options/packages able to be residualized?

    Upgrade Package #2 UR
    Convenience Package CQ
    Running Boards RB
    Daytime Running Lights RL
    Roof Rack

    If not, then I assume I calculated the lease price based on the percentages you gave me and the Base model vehicle MSRP.

    thanks

    Gregg
  • Hey Gregg. The problem is that very few people know exactly what option packages can be residualized. I suspect that at least part of all of the packages that you mentioned can be residualized, but how much is the question. I doubt that many people at individual dealers even know exactly how the residualization process works. TFS tells them what the dollar resids are for units that they have in stock and that's what they use to calculate leases.

    Car_man
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  • joepojoepo Posts: 10
    Hi, Car_man - can you please provide current lease rates/residuals for a 2010 2WD FJ Cruiser, 36 mons,10K miles/yr.

    Thanks!
    Joseph
  • Hey joepo. Toyota is not currently providing any support on the 2010 FJ Cruiser. As a result, if you want to lease one through Toyota Financial Services, you will have to use its standard lease money factor, which is currently .00265 for consumers who qualify for its top aka Tier 1+ credit tier.

    TFS' residual value percentage for a 36 month lease of a 2010 FJ Cruiser 2WD with 12,000 miles per year is 66%. Having said this, as I mentioned in my reply to you in the 4Runner discussion it is difficult to use TFS' residual value percentages to calculate actual dollar residuals for Toyota vehicles because TFS places restrictions upon what options can be residualized.

    Car_man
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  • joepojoepo Posts: 10
    Car_man thanks for the reply.
  • No problem, joepo.

    Car_man
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  • t_ct_c Posts: 13
    So type of payment are you looking at with the above numbers?

    12k miles, 2WD, 36 or 39 months, price of 30-31k, upgrade #2, etc..
  • t_ct_c Posts: 13
    Can someone give me a hand and tell me what the lease payment on the FJ would be?

    12k miles, 2WD, 36 or 39 months, price of 30-31k, upgrade #2, etc..
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