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Toyota Camry Lease Questions
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Also, I've read in the purchases forum that purchase prices are around 3k lower than MSRP for camry hybrids - so that would also translate over for leases as well no? thanks in advance for the help!
Here is the deal:
Hybrid
upgrades: Leather,comfort pkg, NAV JBL 4 disc in dash stereo w/ bluetooth and MP3 capability. 16" alloy wheels moonroof 12K miles/yr 36 mo
MSRP 31,269
Invoice 28,232
Cap cost:28,232
Tax -NJ 28.18/mo
GAP-399
MF 0.00131
acquistion 550
residual value 17342(61.50%)
I rolled all my fees into payment - because I like to pay as I go, with all upfont fees rolled in my payment comes out to 430.70 . First payment of 430.70 was due at signing and that was it. If I had chosen to pay the inception fees,tax,gap etc up front ($2500+) my payment would have been $362 and change.
A couple of things- The prices at fitzmall are pretty much near invoice. they don't negotiate that much beyond- I tried to negotiate cost of GAP - didn't happen. Easy transaction , all done by Email- very straightforward. I suggest checking them out if you live in driving distance, a great selection of cars because its obvious they do volume business. Best part is I drove 200 miles home and still had almost 3/4 of a tank of gas left!
I know the lat one on the 08's was .00010.
Shane
Before I went to them, I took quotes from various toyota dealers which showed absolutely NO form of consistencies across different lease numbers (money factor, residual value etc). I had done my bit of homework and read up on all articles on lease on edmunds + most importantly how to use the lease calculator to calculate the lease value/month. There is something about toyota dealers if you plan to lease/buy a hybrid. Since they are selling lot of them they want to make more money on it. They don't really care about few customers like me who work out on the numbers and tell them that they are giving a higher quote.
I approach a sales rep to get the lease numbers. He comes up with some competitive figures as compared to other toyota dealers. However, I use the edmunds calculator and see that the numbers are still quite high and they ask me to get in touch with one of their managers. When I do this, the manager says the edmunds calculator is wrong, lol!!..He is not able to justify his deal and kinda started speaking in a rude manner. I told him I am okay with you making some money but I am not going to give you such a big difference. Finally the deal was off. I had a gr8 lease deal which worked out much much better than this one. So, moral of the story: work on your numbers and that should tell you if its a DEAL or a NO DEAL. Dont give your hard earned money easily. Happy Leasing!
Here are the Camry hybrid 2009 figures for 15K miles/ 3 years that i missed out earlier -
MSRP $31269
selling price $28285
invoice price $28185
residual value $16835
terms 3 years & 15k miles/year
Gap insurance $399, included
!st payment $445.02, due at signing
payments (35) $445.02
money factor .00131
Payments go upto $487 if I plan to lease it for 20K miles/ 3 years. Let me know what you think of this deal? As opposed to this I got an Acura tsx 2008 deal for $504. I am more inclined towards the Acura TSX 2008.
MSRP =$25,939
GAP=$185
Acq.fee= $550.
Gross Cap cost =$26,128.73.
RV $15,589.
MF= .00131
Only $ down was 1 month pymt plus $154.67 reg,$12.50 tire fee,$45 processing(?)$77.90 cap.cost reduction.
I have had the car for 2 weeks now. The dealer called me yesterday and wants me to sign a TMCC form "Vehicle Excise Tax/personal Property Tax Notice, agreeing to pay any additional fees or taxe related to the lease of this vehicle.
Dealer says TMCC has never asked for this form before, but now they need it.
What is this about? I am paying tax-sales tax- as part of my mo pymt. Am I responsible for this tax-I thought TMCC would pay th eproperty tax as they own the vehicle.? Anyone know the answer to this one? I feel like this may be a way for them to get more $ out of me than the payment we agreed to...
:confuse: Carman?
So is "Wow " in response to them asking me for more money or for the lease numbers?
Still confused
:confuse: :confuse: :confuse:
Carman-Are you there?
KYFDX :confuse:
Can you help me understand this?
Is there a reason why I shouldn't go to MA to lease?
I've never leased before, but if I am able to lease based on the money factor mentioned here, isn't the major determinant of lease rate going to be the purchase price I negotiate?
I was quoted a tier one MF of .00099 with Tier two coming in at .00109
Residual Value: 13086
MF: .00131
2009 Camry SE, 2.4-Liter 4-Cylinder, 5-Speed Automatic
Aluminum wheel (all season), Color-keyed rear lip spoiler, Moonroof Package, Sport Shift Knob , Magnetic Gray Metallic, Dark Charcoal Fabric
MSRP: $24,390
Cap Cost: $22,509
Residual: $13,784
MF: 00099
36 mths / 12k miles
$315.27 + tax with $0 down ($892.77 due at signing, which includes 1st payment and DMV fees)
Or
$281.39 + tax with $2000 down ( includes 1st payment and DMV fees)
I didn't add any options as I want to keep payments as low as possible. Anything I should considering adding that would worth the extra money?
Can I do better than this offer?
Thanks
Depends.... I have it in my Expedition and on a 1000 mile trip was able to listen to my favorite chanel, static free without flipping through the chanels every 100 miles or so. I don't have it on my TCH and am letting my subscription run out on the EXPO in hopes of getting a mobile unit (if it fits in my ipod connection) and using it with just one subscription for both cars and the house.
MSRP $23024 - 4 Cyl LE with Moonroof and floormats
Gross Cap Cost - $19602 (Included fees)
$920 cash to initiate lease including all taxes and fees
Residual - $13510
Payment - $198.86 + 15.41 tax = $214.27 Total payment
36 months
Dealer was awesome. We did have to drive 100 miles to get the deal but the best we could do locally was same payment with 2-3k thousand more as a down payment.
The best part of the whole deal is they ran our credit and did a majority of the paperwork prior to our arrival. We were in/out in under an hour despite their dealership being swamped at the time. All I can say is that I will never buy a car without using a dealership's fleet/internet manager again.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
2009 Camry LE
with $1,000 new grad rebate.
Base LE AT 4-cyl
36-months-36000 miles
sign and drive $242 month.
Seems like a great deal to me but I have not done a great deal of research on this car.
Should I do this deal?
Here are the numbers I have so far
MSRP 22,084
Sale Price 20,131
MF .0009
Residual 13,159
3 years 12Kmiles
tags & fees $850
Is this the correct MF and residual?
I have been told by two dealers that 20,131 is the invoice price. This disagrees with edmunds which shows invoice as 19,862. Is this correct?
Are Fees negotiable?
I would appreciate any input.
LE w/MSRP_22084
Thanks
Can you please tell me which dealership you picked this up from? Also, what was included in the $950?
Would you happen to have the MF & residual you were given?
I am interested in leasing one soon as well and would appreciate this info.
Thanks.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I just signed the paperwork on a desert LE/w floormats, no additional options. Very easy dealership in central jersey (Dayton Toyota). In and out of there in about an hour or so.
Selling price: 19585
Monthly: $219.95 (including taxes) + $13 (gap insurance)
Upfront: 1300 (includes first month - 233/bank fees - 550/doc fees - 175/tags)
MF: .00099
Hopefully, I did alright.
Thanks for all the wonderful info on this website
I am in NJ, interested in a similar 2009 SE V6 with the following options from Toyota WEB site:Option B $5,700
Aluminum wheels (all season) [AS]
Color-keyed rear lip spoiler [RF]
Moonroof Package
Sport Leather Package
Vehicle Stability Control (VSC) [14] with Traction Control (TRAC) [VS]
Voice-activated DVD navigation system
Sirius sat radio
MSRP: $32,134
Could you let me know what MF and residual I should use for 24/36 month 12K miles per year payment calculation?
Thanks for you help.
I am looking for lease rates on the Camry right now.
I live in Maryland
Looking for MF, Residual
Between, LE, XLE, and V6 XLE I want to find the best deal.
Thanks