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Car_man
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Prices Paid Forum
option #1 is 06 sr5 4x4with alloy wheel pack#1, curtain airbag, JBL premium, and preferred package with heated seats. using price of $39k
48 month lease - $1,000 down, $631/month - buyout of $18,388
or
60 month lease - $1,000 down, $582/month - buyout of $15,484
option #2 is an 07 Sequoia limited - using price of $41,132
48 month lease - $1,350 down, $625/month - buyout of $21,204
60 month lease - $1,275 down, $590/month - buyout of $17,551
Since my business is paying for a large percentage of the lease I am seeking a small buyout so I can buy at end of term.
THANKS!
Needless to say we exited stage left and found a loaded,except nav and adjustable suspension,'05 Limited 2WD with only 12350 miles for $29990. It was right up the street for the Toyota dealership.
Man I left there feeling POOR like I was looking for a handout!!
Car_man
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Prices Paid Forum
Car_man
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Prices Paid Forum
Car_man
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Prices Paid Forum
1) what is the difference in price based on region?
2) we have a high FICO (775), what is a reasonable price we should expect to pay for the lease?
3) what is the lowest price you have heard someone has paid for a lease payment per month?
4) would we be better served pursuing a lease for a higher end/luxury brand such as a Lexus or BMW?
Thanks for your help.
I am considering leasing a 2007 SR5 Sequoia in the Houston metro area. I am familiar with the fact that TFS calculates there residual values differently (based on installed equipment) but I am looking for a ball park figure for the residual value and the actual current money factor (Tier 1 credit) for a 36 month/15K lease. Thank You!
Car_man
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Prices Paid Forum
I'm down in Tampa and have been provided the following numbers from my local dealers:
Current residual on a 36 mo: 60%
Current residual on a 48 mo: 43%
but the "special money factor" she is quoting me through SE Toyota finance is .00224.
That is an interest rate almost 1% higher than the .00179 you quote, above. Any legitimate reason for the discrepancy? I'm not getting the feeling that the numbers she is coming up with through other banks, such as Huntington, are much different.
Also, when I asked for the actual cap cost they were using I got this response (can you explain it in layman's terms)?:
On the 48mo lease from my quote on Saturday, the actual capitalized cost is apprx $35800, with a bank advance of apprx $34900. These are the two numbers we deal with mostly on leasing to show the "sale price". This vehicle has a apprx retail of about $41900, plus tax and lic....
It appears as though the MSRP of the truck that you are interested in is $41,900 and that its selling price is $35,800. You should confirm that this is correct. If it is, then you are getting a great discount on this truck. If not, let me know what the selling price is and I'll tell you what I think.
Car_man
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Prices Paid Forum
Yes, I just put a refundable deposit down to order exactly what I wanted and she just sent back a confirming email. MSRP on the exact vehicle I ordered was $41,584.
As for the final cap cost, I think she is offering $35,800 and has a tad more wiggle room. A competitor in the area just offered me a cap cost on the same vehicle for $38,520, and when I told him the deal the other dealer was offering he immediately undercut her -- so it seems like there may be more wiggle room than normal on their current MSRP and invoices (I was under the impression they only had about $4000 to work with from previous posts).
Also looks like, when pressed, SE Toyota will offer .00214 (rather than .00224) for Tier 1 credit. I think I've cross-checked enough places to confirm that is truly their best rate.
If SE Toyota Financing is higher, why can't you get another finance option that undercuts them? Is there some mechanism that keeps banks on southeast Toyota sales from matching the interest rate that other parts of the country can offer on a Toyota bought in say, Michigan?
As always, thanks for your invaluable insight.
Last week, I received a call from the dealer I purchased the vehicle from... telling me that they had reviewed there past purchase files, and that I was in the "safe zone" for an early return.
What does that mean?
My guess is that I would go trade it in, and the dealer would try to make up any $$ difference (between payoff & value) in the price of the new car. Why else would the dealer want me to return a lease vehicle, that likely has more owed on it than it is worth. My current payoff is about $29960.
I could see maybe 1-2 months out... to ensure another sale of a Toyota, but 11 months out seems really early to me.
Anyone else get similar calls before?
Thanks.
Bryan
Car_man
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Prices Paid Forum
Car_man
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Prices Paid Forum
The vehicle in Rochester that we are interested in is a 2007 Toyota Sequoia SR5 4x4. Msrp of $38,173, invoice of $34,423, and he is giving it to us for a selling price of $33,498, 36 mo, $413/mo, MF of .00179, $4000 down(our trade in) and I am hoping ot get more for the car but I told him just to go with a $4000 down cash. The residual on this vehicle is $20,621 is that correct? Can I do better on the lease payment which is $413, also how much would the lease payment decrease if I received and extra $1000 for my car. Lastly, do you know the MF for June for Tier 1 through Toyota Financial Services. Thank you very much for your time and consideration
My question is: Should I extend my Sequoia lease for a year(and probably have to replace tires, perform service etc.) or should I lease a replacement vehicle for the shortest term possible in order to buy me time to look at the Pilot?
I have an '04 Toyota Sequoia -- the lease on this SUV ends in Dec. 2007. I'm looking at a GMC Acadia or Honda Pilot, however, I want to wait to see the redesigned Pilot which may come out in '08 as an '09 model.
My question is: Should I extend my Sequoia lease for a year(and probably have to replace tires, perform service etc.) or should I lease a replacement vehicle for the shortest term possible in order to buy me time to look at the Pilot? Is it possible to lease for 1 year or 18 months?
Thanks!
If you want to go with a short lease of a new vehicle, you probably are going to have to go with a 2 year lease. If you feel as though that is too long a time then your best bet is probably to extend your current lease for a little while.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I almost dropped my phone, I was completely shocked. I knew their not pushing them like 4runners, and lease rates would be as attractive, but thats $16 per thousand, when the 4runner is $10 per thousand. This doesnt even seem reasonable. I was prepared to shell out mid 500's, but $736 for a toyota??
Im in a catch-22 as my current lease on my 4runner is up in a month, but Im at mileage limit so need to act quickley, hopefully this weeknd. Im a tier 1+ returning lesee.
Does this seem accurate, what are MF and residuals % for this month?
I was looking at a SR5
MSRP $40,445
Sales price $35,608
Money Factor .00245
Residual $22,815
45,000 3 year lease
$529 a month
Here is what another dealer emailed me, looks like some decent holdbacks. I can email this if anyone is interested for better reading:
18186 VEHICLE INQUIRY REPORT DATE: 02/27/08DCV920 TIME: 15:59 Model Number: 7919A SERIAL # :8S006580 Check Code: 6 Model Description: 4-DOOR SR5 4X4 Category ..........: G Year ............: 2008 Current Dealer ....: 220-34121 Interior Color ..: FB44 FB44 Wholesale Dealer ..: 34121 Exterior Color ..: 03Q7 RED Previous Dealer ...: 00220 Body ............: 4-DOOR SR5 4X4 SUV Invoice Date ......: 01/24/08 Number of Cyl ...: 8 Ship Date .........: 01/25/08 Allocation Number: 122 Retail Date .......: Engine Number ...: 5203748 Date of First Use .: Vessel Number ...: 704 TRAC ..............: NO Vessel Name .....: TMMI PRINCETON Damage ............: NO DAMAGE PDI ...............: YES Fleet .............: NON-FLEET Port PDS Complete .: NO VIN .............: 5TDBY64A68S006580 Ignition Key.....: 68784 Factory Installed Accessories: FE DJ DR CK LF PE RB RF RL TO Port Installed Accessories ..: CF DK Retail Dealer Vehicle Base Model ....................: $ 38500.00 $ 33110.00 Total Accessories .....................: $ 2630.00 $ 2053.00 MECHANICAL AND PERFORMANCE5.7-liter,i-Force DOHC V8 EFI Dual VVT-i381 HP/401 lb.ft./6-Speed ECT Auto TiansCoil-Spring Indep Dble-Wishbone Fr SuspCoil-Spring Indep Dble-Wishbone Rr SuspP275/65R18 Tires on Alloy WheelsAuto Tri-Zone CFC-Free Air Conditioning4-Wheel Drive w/ Locking Center DiffSAFETYSTAR SAFETY SYSTEM-Includes:A-TRACTraction Control Plus Vehicle SkidControl (VSC), Auto Limited SlipDifferential, Four-Wheel Anti-LockBrake System w/Brake Assist &Electronic Brake-Force DistributionDr/Fr Passenger Advanced Airbags withOccupant Class Sensor,Dr & Fr PassengerSeat-Mounted Side Airbags,& Fr, 2nd &3rd Row Roll-Sensing Side CurtainAirbags w/Roll-Sensing Cutoff SwitchChild-Protector and Door LocksCRS Top Tether Anchors and ISOFIX LowerSeat Anchors in 2nd/3rd Row SeatingPositionsEXTERIORColor-Keyed Power Remote-ControlledOutside Mirrors, Door Handles, BumpersMulti-Reflector Halogen Headlamps withAuto-Off FeaturePrivacy glass on rear quarter andTailgate Windows,and Rear SideCOMFORT AND CONVENIENCEPower Windows (w/One-Touch Up/Downw/Jam Control on Front) and Door LocksPower Rr Window w/ Electric Defoggerand Intermittent Wiper/Cruise ControlFabric-Trimmed 8-Way Manual-AdjustedDriver Seat and 4-Way Manual AdjustedPass Seat w/Adjustable Headrests SoilRelease Fabric Protector/Fabric-Trimmed40/20/40 Split Fold-Flat/Recline 2nd RowAM/FM/Single-CD Audio System w/8-Spkrs Retail Dealer TotalVehicle Base Model ..........................:$ 38500.00 $ 33110.00 $ 38500.0050 State Emissions .........................Deluxe AM/FM/Six-CD Changer with 8 ......... 200.00 150.00Speakers ...................................Roof Rack .................................. 220.00 176.00Cold Kit Includes: Windshield Wiper ........ 230.00 184.00Deicer, Headlamp Cleaner and Heavy Duty ....Battery ....................................Fog Lamps .................................. 110.00 88.00Power Driver Fabric Seat ................... 395.00 316.00with 8-Way Driver''s Seat Adjustment ........Running Boards ............................. 385.00 308.00Rear Spoiler ............................... 100.00 80.00Daytime Running Lights (DRL) with On/Off ... 40.00 32.00Feature ....................................Tow Prep Package Plus Tow Hitch ............ 660.00 528.00(SR5 ONLY) .................................Carpeted Floor Mats/Door Sill Protector .... 290.00 185.00Preferred Owner''s Portfolio ................ 6.00 --------- --------- ---------Total Accessories ...........................: $ 2630.00 $ 2053.00 $ 2630.00Destination Charge ..........................: $ 685.00 $ 685.00TDA .........................................: $ 745.00Gasoline ....................................: $ 10.00Dealer Holdback .............................: $ 770.00Whsl. Financial Reserve .....................: $ 385.00 --------- ---------Total .......................................: $ 37758.00 $ 41815.00 Residual Value ...: 24 36 48 60 ------- ------- ------- ------- STD 25,575 23,265 19,675 16,595 LOW 24,035 20,445 17,365
Total MRSP incl options came out at $39, 905 with an Invoice of $35,123
I also filled out a form to get free quotes from local dealerships & since then I have 7 or 8 vmails for me to call them back. I was hoping they would email me the quotes. Guess I was being naiive
Anyway, before I calll them back I need your advice as to what exact questions I should ask? I assume their Invoice price will be slightly different to the above one?
Do i ask them out straight how much they can take off their invoice price or how does it usually go? I've been reading all the tips/advice on leasing but I'm just a bit unsure of what to ask & what NOT to leave out.
Appreciate your help.
Also, maybe anyone in NJ can give me an idea of any good deals/dealerships to go to near the 07040 area? I'm looking for a 36month lease with 12000 miles & not too much down.
Thanks!
Lease a new 2008 Toyota Sequoia SR5 4x4 for just $439.00 a month. 36-month closed end lease on Sequoia model # 7919. $1999.00 due at signing which includes first month’s payment of $439.00, acquisition fee of $550.00, customer capitalized cost reduction of $1,010.00, and security deposit of $0 with the following optional equipment: Fifty state emissions, cold weather package, towing prep package, leather package, fog lights, moon roof, running boards, rear spoiler, daytime running lights and JBL Premium sound. $39,692.00 adjusted capitalized cost assumes dealer participation, which may vary. MSRP $46,270.00 includes destination charge. 36 base monthly payments total $15,804.00. Your payment may vary depending on final price. Base monthly payments of $439.00 does not include tax. Taxes, license, title, insurance, regionally required equipment, and other dealer’s charges are extra, and are not included in the amounts shown.
This is a fantastic lease deal - selling price of 40702 on a 46270 sticker, 40547 invoice vehicle, so 155 over invoice, 52.4% residual, and mf of .00017 by my calcs = 0.41% apr - wow!
Thanks
Can you post the current MF and Residual for a 2008 Sequoia Limited?
Thanks
- B
thanks!
THANKS
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I live in MA so 5% sales tax.
Thank you
What would the money factor and residual for the same Sequoia for a 60 month lease? Assume tier 1+.
Thanks,
J
ALso how much over invoice should I be paying for this truck???
Need your help FAST!!!!
Thanks