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2014 Toyota Prius Lease Questions
For current leasing information, go to 2015 Toyota Prius Lease Questions
Ask questions about leasing the 2014 Toyota Prius, or share your deal here!
Ask questions about leasing the 2014 Toyota Prius, or share your deal here!
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Hi guys,
This is the best offer I got so far in Northern California. It feels higher than I thought as the cap cost quoted here is higher than a quoted sale price I got of $23,900 for the Prius 3. Any advice?
A. 2014 Toyota Prius III
MSRP: $26,800, 36-Month Lease for 12k Miles per Year:
Drive-Off - $721 (1st Payment, DMV, Doc fees and a small sales tax)
Monthly Payment - $319 + tax
Cap Cost - $25,415
MF - .00090
Residual - $15,974
B. 2014 Toyota Prius v III (in stock)
MSRP: $28,550 36-Month Lease for 12k Miles per Year:
Drive-Off - $754 (1st Payment, DMV, Doc fees and a small sales tax)
Monthly Payment - $340 + tax
Cap Cost - $27,075
MF - .00130
Residual - $17,610
Hi Kirstie,
Can you please provide MF / Residual for 2014 Prius 4. Looking at 24 / 15K(?)not sure this is available and 36 / 15K
Thanks!
I've got money factors, but not the residuals..
.00001 MF for 24 months, and .00042 for 36 months..
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Does anyone have updated MF or residual info for the Prius Hatchback?
I am pretty sure the residual is 17, 182 because I've got quotes from 8 dealers, and the ones who were willing to give me the residual listed it as 17,182.
Tier 1+
In most regions, the money factor is .00001 for April. I don't have residuals for the Prius. Dealers can't alter them, so what you see is what you get.
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Hi Kirstie,
Can you provide the money factor ro Prius II 36 months lease, 12,000/ year? I'm in L.A. area.
Thanks.
61% residual and .00001
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Hi Michaell,
Thanks for the quick response.
I was offer a selling price of $22,988, total of $367.75 fee and residual of $14,762 for Prius II, 36 month lease with 12,000 miles/year with $0.00 out of pocket due at signing.
Using the Edmund calculator, the lease payment comes out $259.00.
Is this correct?
Looks pretty close - my calculations come back with a pre-tax payment of $239.10, so 8-8.5% tax gets you to around $259/mo.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Hi Michaell,
Thanks for the quick and great help.
Can you tell me MF, Residual and monthly payment for a Prius V 5 with a purchase price of $27,291 (doc fee of $166) and a 8% tax rate? I'm looking for both 2 year and 3 year with 12,000 miles per year.
.00084 MF and 70% residual for 24/12
.00114 MF and 60% residual for 36/12
We'll need the MSRP to calculate a payment, but be advised that Toyota residuals are always iffy. Sometimes they don't apply to all options, so any calculated payment would be an estimate.
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Using your MSRP and selling price with the 36/12 MF and residual provided by my co-host, I get a pre-tax payment of $290.46.
The 24 month payment actually works out better at $268.25 - the higher residual and lower MF work in your favor.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Hi, Michael
Could you provide MF & Residual for Prius Three and Five, 24 month. / 12k and 36 month / 12k for CA? (Do different trim levels have different MF/Residual for Prius?)
Thank you!
Hello? Anybody there?
Thanks!!
Prius Liftback: .00001 MF and 71% residual. $1000 lease cash for 24mo, 12K/yr.
.00001 MF and 61% residual. $1000 lease cash for 36mo, 12K/yr.
Prius V: .00084 MF and 73% residual. for 24mo, 12K/yr.
.00114 MF and 63% residual for 36mo, 12K/yr.
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Thank you so much!
Do those MF and Residual apply for all trim levels (Two, Three, Four, Five) of PRIUS LIFTBACK? If different, could you post MF & Resi for Prius FIVE trim level? Thank you!!
As far as I can tell.. same numbers for all levels. Toyota isn't real good about residualizing all options, so the higher the MSRP, the more likely that the effective residual percentage will be lower.
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Got it. Thanks again for the info! You guys rock!
Holy crap, seems like a smoking deal to lease the Prius, then buy at end of lease if you're wanting to go that route in the first place.
Question.
What is the amount applied upfront with 687.97? Are they taking the acquisition fee out from the cap cost reduction?
If so, shouldn't gross and net cap cost be lower? Where else could that amount be from?
TIA!
I'm going to guess title and license fees...
Out of the $3500 upfront, $2812.03 is CAP cost reduction, $193.26 is first payment, and $494.71 is unaccounted for.. (but, taken out of the $3500). $232 of that $494.71 is the license fee... If you add up the CAPPED numbers in column 2, that $232 isn't in the Gross CAP.
So. .it's actually ($494.71 - $232.00) = $262.71 (that's the amount without explanation).
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Thank you!
This is what I have in my Excel sheet. This is assuming I roll EVERYTHING into the monthly payment, which seems better since effective interest is 0.0%. Can I ask them to do that instead of paying for license and etc "up front"?
You could... but, items that aren't taxed (like license/registration) become effectively taxed, if you borrow the money and roll them into the payment. So, I wouldn't do that.
So, now that I slept on it, I'd say that the $262.71 that we can't account for is sales tax on the CAP cost reduction.
The only way I'd structure it differently, is to put less money upfront. After all, as you mentioned, the finance charges are virtually zero. The $1500 rebate probably has to be applied as a CAP cost reduction, but you could probably pull back $1300 of your $2000, and still cover 1st payment, registration and tax on the rebate.. (corresponding increase in payment, of course)
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Man, they tax on the cap cost reduction too?
The trade in has to go in because they just want to get rid of the car before anything happens. It's an old Mercedes and they just have a feeling it isn't going to last much longer. I've driven it and it's fine, but it is old and they want to get something for it while they can. I can certainly understand that I suppose.
Probably going to do the deal this morning so we'll see how it goes.
Pricing on the car and lease look OK to you?
Thanks!
Yes, the price looks good.
If they didn't tax CAP reductions, everyone would put $10K down, and only pay tax on a $30 payment...
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@kyfd can you please provide with MF and Residual for Prius 5 36/10 and 12. Thanks
13.
** Saved Money - Earned Money **
Toyota does not support 10K per year leases. Residual on a 36mo/12K lease is 59%. MF is .00001 with $1000 lease cash.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
@Michaell with your numbers and my calculation i have got $322/month including 8% CA tax. and 0 down of course. This is based on fare profit/offer to the dealer of 3%. What do you think?
** Saved Money - Earned Money **
Are you saying that your offer to the dealer is 3% over invoice? You should be much closer to invoice - check the pricing tools at the top of the page.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Sat down at a dealer in So.Cal to talk numbers today - Prius Hatchback Five trim.
Dealer quote------------------------------
MSRP $31040
Price $26435 (including $1000 rebate)
Residual 57%
MF 0.00101
Fees + Tag + Other $1046
Payment $346
My excel sheet----
MF 0.00001
Payment $297
They are insisting on MF with a substantial mark-up over the posted 0.00001. I've told them No Way. After couple rounds of going back and forth, the top man came out and told me 'No Deal', and I simply walked away.
He said with their low 'Price', MF 0.00101 is the best they can do. I don't get his rational. If I finance, price stays same and I get 0%. If I pay cash, they can do it even better at $25,935. Yet, for leasing they won't do the base TFS MF of 0.00001. I don't get his reasoning, but I assume they need to make more $$$ with leasing?
There are a whole lot of Toyota dealers in SoCal - I'm sure you can find one willing to sell you a car on your terms.
You were right to walk away from a deal where the MF is marked up.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks. Let see which one will be willing and ready to make the deal.
No, i am saying 3% over the actual car cost to dealer (holdback, incentives etc.) What pricing tool you are talking about? couldn't find it.
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At the top of each discussion page are pull down for make model and year. Selecting the car you want will take you to the edmunds pricing tools.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
@michaell yeah i already got it )) thank you, so what does dealer contribution mean?
** Saved Money - Earned Money **
In an advertised lease, "dealer contribution" is the discount from MSRP, before any incentives are applied
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@kyfd ok, good to know, thanks
** Saved Money - Earned Money **
So, another dealership visit today in So California. This one will indeed sell me the Prius package Five on my terms
MSRP $31040
Price $26435 (incl. $1000 rebate)
36 month - 12k/year
Residual 57%
MF 0.00001
$0 Down - $297 including tax.
Will sign and pick up the car tomorrow.
Big 'Thanks' to the team at Edmunds, esp @Michaell and @kyfdx Wouldn't have done it without valuable Residual & MF information from this forum!
Looks like a solid deal - under $300/mo for a $30K car is a great payment. Enjoy!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks
.00001 MF and 57% residual
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Hello.. I am new at this. I am interested in leasing a 2014 Prius (model 3). I was quoted a lease price of $283 per month (tax included) with $1,000 down at 15K miles per year over the phone with a dealership in California. Can you please let me know if this a good deal or close to it for that model. Thank you for you input and help
We will need the MSRP and the negotiated selling price of the vehicle in question in order to evaluate the deal for you.
Also, what was the lease term?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
The MSPR is $26,575 and the lease term is 36 months. The $1,000 down includes the 1st payment. I don't have the negotiated selling price.
The MSPR is $26,575 and the lease term is 36 months. The $1,000 down includes the 1st payment. the selling price is $25,950...please let me know if good deal or how close...thank you
Sorry... I wrote the wrong selling of $25,950...the correct selling price on the deal is $25,096
Using your MSRP and selling price with the MF of .00001 and residual of 59%, I get a pre-tax payment of $261.98 for 36 months. 9% tax takes the payment to $285.56, so very close to the $283/mo you were quoted.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I got a 36 month lease (12,000 miles/yr) in NJ for a 2014 Prius Four (Blizzard Pearl) for $1,000 down (inclusive of first month payment) and $290/month (inclusive of taxes). Good deal?