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I talked to a sales manager named Mike at Boulder. They have a V-6 Base RAV4 at an MSRP of $27,377 which he will sell for $25, 260. I had to dicker with him, however, to get him from $500 over invoice to $500 under invoice. The interest rate on a RAV4 lease this month is 3.864%, a little better than last month. Monthly payment with tax is $355.78 with everything included except your first month payment and registration fees. He didn't have time to give me a quote on a V-6 Sport, but I'm willing to bet he'll come real close to the same payment on a Sport which has a slightly higher MSRP but residualizes better. Call or see him personally, tell him he talked to a relative of yours about this in MA (wink, wink). As far as the Subaru goes...in my opinion it's a nice vehicle but I'm not an expert on Subaru. All cars nowadays have lighter, cheaper-feeling parts to increase gas mileage. All I can say is that I've owned Toyotas since 1994 and found them bullet-proof. Again, the decision is yours. Keep us advised.
If you drive both, then pick the one you like the best, I don't think you could go wrong..
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I was told that they can't find any V6 Sport models! they did lower the price on the 6cyl base model to $348 which includes tax and 15k miles which seems pretty good. I did get a quote for the Forester for $342 and 15k miles so now I'll just have to flip a coin!
I'll let you know what I decide to do.
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I got the car finally. I paid $347/month including tax with 15k miles. I have a question bc the lease didn't come with Gap Insurance and the finance guy strongly recommended it. Do I need to get it on top of my regular Geico insurance?
I'm looking to Lease a 2008 Rav4 Sport 4X4 (black) sunroof, 6cd changer, in Staten Island NY. After negotiating with a local dealership these are my final numbers. Can anyone tell me if this is reasonable? $322.00 monthly payments for 36 Months. $1878.00 down payment. $135.00 m.v. fees. Totaling $2335.50 out of pocket to drive out of dealership. Does this sound reasonable?
The money factor that the dealer is using to calculate your vehicle's lease payment is another important number to know when leasing. Toyota Financial Services' current buy rate lease money factor for this model is .00116 in your area. Make sure that the dealer that you are working with is using this factor to calculate your monthly payment.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Monthly Pmt: $329.88
MSRP: $27,223
Selling Price: $24,980
Residual: $16,109
Money Factor : .00202
Due at Signing: $2,369.97
(1st Pmt $329.88 + Tax $885.97 + $650 Bank Fee
+317.50 Dealer Fee + 184.50 DMV Fee)
Your time & response is much appreciated!
Please advise.
I got a better qoutes for a Base 4wd 4cyl with a 3rd row for 21,500,. This was for a 2008, not sure if you are talking 2008 or 2009. The lease was 900dwn(TTL) and 290/month, But that was for sept lease rates of .00116. I believe Oct lease rates are .002. If you are talking about a 2008, I would think that you should get them down to 20,000 for the vehicle, which should bring the monthly payment in the 290 range
Good luck
The selling price that you were quoted looks reasonable as well. It's tough to say for certain, but I suspect that it is around $500 over invoice...which is right around what I would shoot for if I was in the market for a similar vehicle right now.
If you like the RAV, I personally don't see any reason not to pull the trigger on this deal.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
You never mentioned how long you want to lease this vehicle for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. TFS' current buy rate lease money factor and residual value for a 36 month lease of a 2009 RAV4 Limited 4WD with 15,000 miles per year are .00275 and 62%, respectively.
Unfortunately, it is very difficult to use TFS' residual value percentages to calculate vehicles' dollar residual values and in turn calculate accurate lease payments. It places restrictions upon what options can be residualized, making it difficult for anyone but dealers, who are given lists of the actual dollar residual values for the units that they have in inventory, to work up a payment on a Toyota vehicle.
Car_man
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I'm looking for an SUV right now and am torn between the RAV4 and the Honda CRV. What's a good lease price on the 2009 AWD RAV4? I'm getting a monthly quote of $349 on the base model and wondering if I can push the dealership to give me the same numbers, with zero down, on the Sports Edition.
Car_man
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The invoice for the vehicle is $22,386 (according to Edmunds.) This is for the '09 Sports Edition AWD. I know that Toyota has several deals going on right now but I'm not sure how low they can drop the price on this one.
What do you guys think?
If I was in the market for a new RAV4 right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus any available cash incentives (Toyota is providing anywhere from $570 to a whopping $2,000 dealer cash on the '09 RAV4 in your region right now). You can look up the invoice price of the exact vehicle that you want over in the New Vehicle Pricing section of Edmunds.com.
Good luck in your negotiations and make sure to let us know how everything turns out.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
If I was in the market for a new RAV4 right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus any available cash incentives (Toyota is providing anywhere from $570 to a whopping $2,000 dealer cash on the '09 RAV4 in your region right now). You can look up the invoice price of the exact vehicle that you want over in the New Vehicle Pricing section of Edmunds.com.
Good luck in your negotiations and make sure to let us know how everything turns out.
Car_man
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You helped me couple of years ago with my lease questions. And I was able to negotiate a price much better than the dealer originally offered. Thank you for that!
I am shopping for a new vehicle to lease and am considering the promotion for RAV4 advertised in Northeast that kmg422 mentions above.
I am considering leasing Limited 4dr SUV 4WD (2.5L 4cyl 4A). Do you know, if this promotion applies to the base model only or Limited as well? You said that you "personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus any available cash incentives." Am I correct to interpret your response above that you would be looking to negotiate the price of the vehicle to $300 - $1,700 below the dealer's invoice?
Also, two years ago you posted a link to a calculator to help figure out the lease payment. Could you re-post it?
Thanks alot!!!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
As far as the RAV4 that you are considering goes, the best way to tell if you are getting a good deal on it is to look at its selling price in relation to its MSRP or its dealer invoice price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers it it difficult to tell how much of a dealer discount you are being given. Let us know what they are and I'm sure that either myself or another knowledgeable community member will be happy to tell you what they think.
Car_man
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The cash incentives would only apply if you are in a state where Toyota is not providing lease support on this model. I do not believe that TFS' special New York region buy rate lease money factor of .00221 is compatible with any cash incentives.
As far as calculating payments goes, I personally use Excel and the formula that is outlined in the following article to work them up: Calculate Your Own Lease Payment. Here is a link to the Edmunds.com lease calculator: Edmunds.com Lease Calculator.
Car_man
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I would imagine I couldn't do this on a lease anyway, I do not plan to buy. Thanks.
Car_man
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I could use a little help here.
2009 4x4 V4 Base
Trade in $3,000 with no additional down.
36 month lease, 15,000 miles
I checked my own credit online and got 690.
Dealership guy checked came up with 3 different scores from 630-650?? Is that normal to be that far off?
Anyway, just qualified for tier 2 or 3..(cant remember exactly which one)
Monthly payment including tax - $311
Dealer located in Jersey near NYC. Is this a good deal?
Thanks in advance...