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Toyota Camry Lease Questions
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Comments
MSRP: $22340
Term: 3 years
Mileage: 15K/yr - 45K total
Down: $988 - Includes 1st mo, aquisition fees, etc
Monthly: $223.90 (includes San Diego Taxes @7.75%)
I have found that its best not to try to dig though all the numbers behind the scenes, but to negotiate the overall deal. Once you know exactly which Camry you like, I would call around the local Toyota dealers and negotiate over the phone the best lease deal before going into the dealer. Once you are at the dealer you lose the ability to negotiate.
ASSUMING that Toyota Motor Financial has not changed the lease rates and residuals this month you should be able to get a very good value with the Camry.
Here are the details of my lease with the Camry.
MSRP including destination was $22344
Negotiated Price or Capitalized Cost or cost if you bought the car: $18841.10.
Gross Cap Cost (includes Aquisition fees (bank fees) - $19318.00. This is an area where the dealer will make the money.
The residual (ending value) on the car is $12855, add 2% for 12K mileage. The dealer cannot manipulate the residual value of the vehicle.
Lease Rate (Money Factor) - Basically cost of using Money - Around 3% - This is an area where the dealer can make some money. Marking up the rates.
Hope this helps. Good luck finding a Camry.
Lease a new 2009 Camry LE 5 spd. automatic for $199 a month for 36 months with $1,999 due at signing, which includes first month’s payment, $1,800 down payment, $0 security deposit. Does not include taxes, license, title fees, insurance and dealer charges. Closed-end lease. Example based on model #2532. Total Manufacturer’s Suggested Retail Price including freight $22,084. Monthly payments of $199 total $7,164. Capitalized cost of $21,010 based on down payment and dealer participation, which may vary by dealer. Payment may vary depending on final transaction price. Lease-end purchase option is $13,160. Customer responsible for maintenance, excess wear and tear and $0.15 per mile over 12,000 miles per year.
Scott
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A friend of mine got an accord EX V6 with Leather for $299 a month and $2,000 down (15,000 miles).
I recently got into a total loss accident and need a car fast. I went into the dealership today, in NY, with some weapons of knowledge to shoot at the dealer. I went through the salesman and sales manager ( not finance mngr yet!) and they quotes me on an 09 Camry V6 SE with everything but nav and 18 inch rims for...365 a month for 36 months, 12k a year mileage, but with 2000 due at signing+ dmv fees. I repeatedly asked them for the selling price of the vehicle and the msrp and they continued to ignore my questions...but doing the math, it seemed right. Is this a good deal? I need to know ASAP as there is some urgency of me getting this vehicle!!!
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Also, $2,000 is a lot to pay at lease signing. I always advise consumers not to make large down payments when leasing. Those who make them risk losing part or all of them if their vehicle is totaled. Even though it means that your monthly payment will be a little higher, you will be better off going with a zero down lease.
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Sports pkg. Rims, spoilers 4cyl.. Final cost 22857( with tax and Lisc. Nj) origionally 24649. 12k a year 36 month . Total out of pocket $2000. Final lease amount is 257 a month. ( Both dealers started at $325). What do you think. It was very difficult to figure because of the residual and options . How Did I do?
So I went into the Toyota dealer here in Mass last night armed with the info you supplied; .00099/62% 36mo. The manager says, "oh that must be an offer for a different region, our rates are .0012/57% 36mo." (this was for the base model SE, and we qualified for tier 1) So is this just a line he was feeding me, or is he correct in saying that the deals vary per region?
Also, have the October rates changed considerably?
thanks!
Thanks
I am looking at the same in Ohio w/NAV- does anyone have the lease numbers?
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One dealer is offering $225 with 875 down includes 1st payment and acquisition fee plus tax, title, license. Other dealers want about $2K due at signing!!! :mad:
Please help with comments!
If we could find out the MF and residuals on the LE it would be great.
Once you arrive at a selling price that you are happy with, have the dealer calculate your car's monthly payment using its buy rate lease money factor, which is probably right around .00129, and you're in business.
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Thank you!
I'd like to ask how to get out of lease(2008 camry) early? it is 36 months lease with 20 months left. monthly payment is $295.74. current mileage is 15,800.
Thanks in advance.
For a 2009 Camry LE with floor mats and Vehicle Stability options added on, I was offered:
$211.89 for 36months
$20,950 negotiated price
$2899 down payment
all after taxes and fees
I was told that the Residual Value was $13,457
Money factor 0.001
I am confused because toyotas leasing special is $209+tax with $2899 down payment but when I read through this forum it seems people are putting A LOT less money down.
Any assistance would be greatly appreciated. Thanks
When I look on edmunds.com with these options I get an MSRP of $23,219 and an Invoice of $20,742
I think for that car you should be able to negotiate and get about $600 total drive off and $270 a month including tax. The negotiated price is good, but you should be able to bring them down to $20,400 if you try hard in of.
. I live in Houston,TX and I have never purchased a new car for over invoice. My 1st question for people who know: does Toyota dealers gives 2009 camry XLE 6cyl or any other camry's away for an invoce price.
Also my credit is 695 what would my mony factor be for XLE 6cyl.
I belive that they have $1000 rebate on camrys, is that so?
the 36mos lease came out to $289.75 mos.
sounds right guys? doable?
1. Terminate the lease early and pay the fine not sure what it is
2. Find someone to take over the lease (not recomded) on Leasetrader.com (if you want to know why not recomened let me know)
3. The best option in some cases (depeds what is the buy out) SELL the car, find a buyer just as if you had it financed payoff the bank and you all set.
4. ride it out
MSRP $31080
Sell Price $28200 same is the invoice that they show me
Residual $16643
Money Fact .00185
Acqu. Fees $1000 ( I just made that number up)
Rebate $1500
Cash Down $3000
Title$Reg $200 (my number)
Tax 6.25% Texas
36mos 12k lease
guess what the payments comes out according to them $430 yeah ok
according to me they should be around $320 or less
Can you please provide Toyota's Money Factor and Residual Value for the month of December for a 2009 Toyota Camry SE Automatic 4cyl with Leather interior (LA80 Option) for 36 moths 15,000 miles
Thanks.
Last weekend my truck was totaled and I needed a vehical right away so
I signed a lease for a brand new 2009 Camary... I wish I had not.
I filed bankruptcy in 05 and since then have brought my average credit score back to about 640. I am paying $480 per mo on this 36 mo lease. The dealer did not ask for a down and this appealed to me... so I signed.
One day later, the finance manager contacted me and asked if I could put any money down (after the contract was signed... no down payment was discussed or included in the contract) Of course I said absolutely not. The finance manager said to take the car home for the night and would contact me the next day.
I think the dealeship jumped the gun and now Toyota financing is asking for the down payment. Personally, I am hoping that tomorrow the dealership will just ask for the car back and we will cancel the contract (I have put less than 30 miles on the car so far)
Does anyone think that they will indeed just void the contract if I do not offer a down?
Any thoughts on this matter would be greatly appreciated.
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Can you please provide Toyota's Money Factor and Residual Value for the month of December for a 2009 Toyota Camry SE Automatic 4cyl with Leather interior (LA80 Option) for 36 moths 15,000 miles.
I am in Florida. (Fort Lauderdale)
Thanks.
What is the residual value of a 2009 Camry SE V6 for a 36 month/12k mile per year lease (do they offer 10k per year?)? And what's the money factor for the region I'm in (North Carolina)? Thanks a bunch!
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. Given the complete implosion of used vehicle values that has occurred over the past year, chances are that you will be much, much better off waiting until the scheduled end of your current lease to get something new.
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