2015 Toyota RAV4 Lease Questions

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  • kennyrav4kennyrav4 Member Posts: 5
    Hello Michael,

    Three weeks ago I leased a 2015 Toyota Rav4 XLE. I was not planning to lease as I had no prior experience but I was in serious need of a reliable car and ran out of time.

    I know there is a formula, etc.

    But bottom line can you tell me if I got a bad, average, good or great deal?

    Purchased at Huntington Toyota NY 11746
    Black on Black XLE
    36 month lease
    30K miles
    No money down
    Residual value $17,582

    Thanks.
  • kennyrav4kennyrav4 Member Posts: 5
    Sorry, forgot to mention my payments are $309 per month and I have 780 credit rating. Thanks
  • truman_rtruman_r Member Posts: 28
    kennyrav4 said:

    Hello Michael,

    Three weeks ago I leased a 2015 Toyota Rav4 XLE. I was not planning to lease as I had no prior experience but I was in serious need of a reliable car and ran out of time.

    I know there is a formula, etc.

    But bottom line can you tell me if I got a bad, average, good or great deal?

    Purchased at Huntington Toyota NY 11746
    Black on Black XLE
    36 month lease
    30K miles
    No money down
    Residual value $17,582

    Thanks.

    Hey Kenny, congrats on getting a new car! I am trying to run this deal through the Leasify iPhone app to get a Deal Score but need a little more information.
    • Is this an AWD RAV4?
    • Are there any options/packages installed?
    • What is the money factor and adjusted capitalized cost?
    • Did they call out an acquisition and documentation fee on the deal?

    Let me know! Thanks.

  • kennyrav4kennyrav4 Member Posts: 5
    AWD, Floor and cargo matts and wheel locks, Adjusted Capitalized Cost = $27,695.34. I cannot find anything in the contract called Money or Lease Factor, what else might it be called?
  • kennyrav4kennyrav4 Member Posts: 5
    Acquisition Fee = N/A and I don't see a documentation fee mentioned
  • truman_rtruman_r Member Posts: 28
    kennyrav4 said:

    Acquisition Fee = N/A and I don't see a documentation fee mentioned

    Hi Kenny, the Edmunds True Market Value (average price paid) in your zip code is $26,638 so your adjusted cap cost is $1,057 above that. I am thinking they may have wrapped the acquisition into your adjusted cap cost and that is why it isn't called out. I assumed a money factor of .00062 because of your strong credit score to get to a $309/month payment - that is a pretty good MF and translates to a ~1.5% APR.

    I think you did well but there may have been some room on price to come down closer the average price paid in your zip code. That would have brought your payments down to $279/month and improved your Leasify Deal Score from 6.5/10 to 7.5/10 (above 7.0 is recommended).
  • kennyrav4kennyrav4 Member Posts: 5
    I had a feeling that would be the case. The original offer was for the base model at $279 and I should have held them to that for the XLE. Lesson learned not to go in unprepared. I always like to get the best deal as I am sure everyone does. Thanks for the feedback.

    I also had another question if you don't mind. The lease agreement lists Under the Itemization of Gross Capitalized Cost section an Outstanding Prior Credit or Lease balance charge of $650. Do you have any idea what that is for? They gave me $1200 credit for my trade-in, does this have something to do with that? Thanks again
  • MichaellMichaell ColoradoModerator Posts: 193,156
    kennyrav4 said:
    I had a feeling that would be the case. The original offer was for the base model at $279 and I should have held them to that for the XLE. Lesson learned not to go in unprepared. I always like to get the best deal as I am sure everyone does. Thanks for the feedback. I also had another question if you don't mind. The lease agreement lists Under the Itemization of Gross Capitalized Cost section an Outstanding Prior Credit or Lease balance charge of $650. Do you have any idea what that is for? They gave me $1200 credit for my trade-in, does this have something to do with that? Thanks again
    Did you owe money on your car when you traded it in?

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  • kyfdxkyfdx Moderator Posts: 197,739
    kennyrav4 said:

    I had a feeling that would be the case. The original offer was for the base model at $279 and I should have held them to that for the XLE. Lesson learned not to go in unprepared. I always like to get the best deal as I am sure everyone does. Thanks for the feedback.

    I also had another question if you don't mind. The lease agreement lists Under the Itemization of Gross Capitalized Cost section an Outstanding Prior Credit or Lease balance charge of $650. Do you have any idea what that is for? They gave me $1200 credit for my trade-in, does this have something to do with that? Thanks again

    Acquisition fee is my guess

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  • mellow54mellow54 Member Posts: 3
    Hi all,

    We're looking for the MF and RV for the 2015 RAV4 XLE AWD with Navigation. We're in NYC looking in the tri-state area for a 36 month lease with 12,000 miles per year. Anyone have those figures?

    Thanks much!
  • kyfdxkyfdx Moderator Posts: 197,739
    mellow54 said:

    Hi all,

    We're looking for the MF and RV for the 2015 RAV4 XLE AWD with Navigation. We're in NYC looking in the tri-state area for a 36 month lease with 12,000 miles per year. Anyone have those figures?

    Thanks much!

    .00062 MF and 62% residual

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  • mellow54mellow54 Member Posts: 3
    kyfdx said:

    mellow54 said:

    Hi all,

    We're looking for the MF and RV for the 2015 RAV4 XLE AWD with Navigation. We're in NYC looking in the tri-state area for a 36 month lease with 12,000 miles per year. Anyone have those figures?

    Thanks much!

    .00062 MF and 62% residual
    Thanks a lot! We received an initial quote with a .00072 MF and 62% residual, so looks like they marked up the money factor on us
  • pdxorpdxor Member Posts: 10
    Hi,

    Thanks for all your help with these numbers. Can you please provide the MF and residual for a RAV4 XLE or Limited in NE PA with 36 months, 12K/year? Are there options for 10K or less per year?

    Thanks!
  • MichaellMichaell ColoradoModerator Posts: 193,156
    pdxor said:

    Hi,

    Thanks for all your help with these numbers. Can you please provide the MF and residual for a RAV4 XLE or Limited in NE PA with 36 months, 12K/year? Are there options for 10K or less per year?

    Thanks!

    XLE - 62%; Limited - 60%

    Toyota doesn't offer 10K leases, but if they did, add 1% to the residuals above.

    No updated MF yet for PA.

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  • mellow54mellow54 Member Posts: 3
    mellow54 said:

    kyfdx said:

    mellow54 said:

    Hi all,

    We're looking for the MF and RV for the 2015 RAV4 XLE AWD with Navigation. We're in NYC looking in the tri-state area for a 36 month lease with 12,000 miles per year. Anyone have those figures?

    Thanks much!

    .00062 MF and 62% residual
    Thanks a lot! We received an initial quote with a .00072 MF and 62% residual, so looks like they marked up the money factor on us
    Thanks a million for all of the assistance you guys provide on this site...armed with this info, we got a great deal on a RAV4 XLE (MSRP of 28,800)

    We first negotiated a good selling price (26,500). Then they gave us a quote for a lease, and we made them change the money factor back to .00062. Residual was 62%. We're happy...dealer fees came to ~1,000 (bank fee, doc fee, registration, etc) and tax was ~860. With that, we got a payment well under our 300/mth target with no cap cost reduction necessary. much appreciated!!!
  • steverstever Guest Posts: 52,457
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  • chippahchippah Member Posts: 19
    Good morning all,

    I was wondering what the numbers were on an LE AWD 24 mo/12k in MA...?

    Thank you!
  • MichaellMichaell ColoradoModerator Posts: 193,156
    chippah said:

    Good morning all,

    I was wondering what the numbers were on an LE AWD 24 mo/12k in MA...?

    Thank you!

    72% and .00028

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  • mattrichardsmattrichards Member Posts: 4
    Good morning,

    Would you be able to provide residual and money factor on the LE AWD and XLE AWD for 24 mo/12k in Chicago?

    Thanks!
  • MichaellMichaell ColoradoModerator Posts: 193,156

    Good morning,

    Would you be able to provide residual and money factor on the LE AWD and XLE AWD for 24 mo/12k in Chicago?

    Thanks!

    LE - 72%
    XLE - 71%

    MF of .00011

    $450 lease cash.

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  • mattrichardsmattrichards Member Posts: 4
    Thanks, Michaell!
  • linker316linker316 Member Posts: 5
    edited August 2015
    May I please have the 24/36 month residual and mf for an LE and XLE awd  rav4 in Northern Virginia/DC Metro area?  Standard 12k a year miles.  I was quoted an MF of 0.00036, but wasn't sure if that is right.  Thanks.
  • MichaellMichaell ColoradoModerator Posts: 193,156
    linker316 said:

    May I please have the 24/36 month residual and mf for an LE and XLE awd  rav4 in Northern Virginia/DC Metro area?  Standard 12k a year miles.  I was quoted an MF of 0.00036, but wasn't sure if that is right.  Thanks.

    LE - 72% / 63%
    XLE - 71% / 62%

    I confirm the .00036 MF for the Central Atlantic Toyota region.

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  • juleswinnfieldjuleswinnfield Member Posts: 11
    Hello,

    Can you share the 24/36 month residual and mf for an Rav4 XLE and Limited (FWD) in the north Florida area? I would be looking at 10k and 12k miles. So far as I can tell, shooting for a negotiated price of 8-10% off MSRP is reasonable? Also, are there any current incentives, rebates or lease conquest offers on this model? Thank you very much.
  • kyfdxkyfdx Moderator Posts: 197,739

    Hello,

    Can you share the 24/36 month residual and mf for an Rav4 XLE and Limited (FWD) in the north Florida area? I would be looking at 10k and 12k miles. So far as I can tell, shooting for a negotiated price of 8-10% off MSRP is reasonable? Also, are there any current incentives, rebates or lease conquest offers on this model? Thank you very much.

    12K/yr
    XLE: .00029 MF and 71% residual
    .00193 MF and 62% residual

    Limited: Subtract 2%

    Don't think Toyota offers 10K/yr, but if they do, add 1%

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  • juleswinnfieldjuleswinnfield Member Posts: 11
    Thanks kyfdx. Why do you subtract 2% from the Limiteds rv over the XLE, as the Limited is a higher end model?

    The current lease numberss on the car don't seem too spectacular. What crossover/suv do think provides the best value this month?
  • kyfdxkyfdx Moderator Posts: 197,739

    Thanks kyfdx. Why do you subtract 2% from the Limiteds rv over the XLE, as the Limited is a higher end model?

    The current lease numberss on the car don't seem too spectacular. What crossover/suv do think provides the best value this month?

    I don't subtract it... TFS sets the residuals by model, term and mileage allowance. I just report them.

    It's typical for higher trim lines to have lower percentage residuals.

    The Tiguan seems to lease out decently, lately. Sedans are usually better.

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  • mkmcguiremkmcguire Member Posts: 1
    Hi All,

    Looking for September rates for MF and residual %'s for Chicago area 2015 RAV XLEs.

    Please advise!

    Thanks,
    MKM
  • kyfdxkyfdx Moderator Posts: 197,739
    mkmcguire said:

    Hi All,

    Looking for September rates for MF and residual %'s for Chicago area 2015 RAV XLEs.

    Please advise!

    Thanks,
    MKM

    August program runs through September 8th

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  • Rukman WRukman W Member Posts: 40
    For NJ
    36/12k

    MF AND Residual for following?

    2015 RAV4 LE
    2015 RAV4 XLE

    Thanks!
  • kyfdxkyfdx Moderator Posts: 197,739
    namkur said:

    For NJ
    36/12k

    MF AND Residual for following?

    2015 RAV4 LE
    2015 RAV4 XLE

    Thanks!

    .00036 MF and 63%/62% residual for LE/XLE.

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  • chippahchippah Member Posts: 19
    Hello Mods,

    What are numbers on an LE model, 24 mo/12k in MA?

    Thanks again
  • MichaellMichaell ColoradoModerator Posts: 193,156
    chippah said:

    Hello Mods,

    What are numbers on an LE model, 24 mo/12k in MA?

    Thanks again

    72% and .00062

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  • jim123jim123 Member Posts: 19
    Hi
    What are this months MF and residuals for Northern California? 24 months. 7.5k and 10k miles/year
    thanks
  • kyfdxkyfdx Moderator Posts: 197,739
    jim123 said:

    Hi
    What are this months MF and residuals for Northern California? 24 months. 7.5k and 10k miles/year
    thanks

    FWD or AWD? Which trim level?

    12K/yr is the lowest you can go with Toyota

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  • jim123jim123 Member Posts: 19
    I wanted LE and Limited. Thanks.
  • MichaellMichaell ColoradoModerator Posts: 193,156
    jim123 said:

    I wanted LE and Limited. Thanks.

    FWD or AWD?

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  • rufusskingstonrufusskingston Member Posts: 5
    edited September 2015
    Southern California LE/XLE 24/36 12K/15k FWD
    What are the residuals and MF

    I assume that the Limited is the same MF and -2% as the XLE right?

    Thanks
  • MichaellMichaell ColoradoModerator Posts: 193,156

    Southern California LE/XLE 24/36 12K/15k FWD
    What are the residuals and MF

    I assume that the Limited is the same MF and -2% as the XLE right?

    Thanks

    24/15:
    LE - 70%
    XLE - 69%

    36/15:
    LE - 61%
    XLE - 60%

    Yes, Limited is 2% lower than XLE. Add 2% for 12K miles

    .00020 MF for both terms

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  • mkhalil33mkhalil33 Member Posts: 19
    Hello,
    Can I please get the central Florida lease rates and sales price! 2015 XLE 36 months 12,000 miles. Thanks in advance.
  • kyfdxkyfdx Moderator Posts: 197,739
    mkhalil33 said:

    Hello,
    Can I please get the central Florida lease rates and sales price! 2015 XLE 36 months 12,000 miles. Thanks in advance.

    .00169 MF and 62% residual.

    Looks like the only term getting support is 24 months
    .00005 MF and 71% residual

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  • jim123jim123 Member Posts: 19
    I wanted to know the money factor and residuals for Northern California on AWD, LE and Limited for 2 year lease, 12k miles. thanks.
  • mkhalil33mkhalil33 Member Posts: 19
    kyfdx said:

    mkhalil33 said:

    Hello,
    Can I please get the central Florida lease rates and sales price! 2015 XLE 36 months 12,000 miles. Thanks in advance.

    .00169 MF and 62% residual.

    Looks like the only term getting support is 24 months
    .00005 MF and 71% residual
    Do you recommend waiting? Do you think the 4th quarter rates for the 36 months to get more support?

  • kyfdxkyfdx Moderator Posts: 197,739
    jim123 said:

    I wanted to know the money factor and residuals for Northern California on AWD, LE and Limited for 2 year lease, 12k miles. thanks.

    .00010 MF and 72% (LE) or 69% (LTD) residual. $750 lease cash

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  • kyfdxkyfdx Moderator Posts: 197,739
    mkhalil33 said:

    kyfdx said:

    mkhalil33 said:

    Hello,
    Can I please get the central Florida lease rates and sales price! 2015 XLE 36 months 12,000 miles. Thanks in advance.

    .00169 MF and 62% residual.

    Looks like the only term getting support is 24 months
    .00005 MF and 71% residual
    Do you recommend waiting? Do you think the 4th quarter rates for the 36 months to get more support?

    SET has already stopped lease support for 2015 Camrys and Corollas. It's just a guess, but at some point they will stop supporting the 2015 RAV4, as well.

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  • mkhalil33mkhalil33 Member Posts: 19
    Can anyone please confirm the residual for 36 months is 62%. I have had 2 reps tell me it's 71% for 36 and 24 in Orlando.
  • MichaellMichaell ColoradoModerator Posts: 193,156
    mkhalil33 said:

    Can anyone please confirm the residual for 36 months is 62%. I have had 2 reps tell me it's 71% for 36 and 24 in Orlando.

    I confirm the 36 month, 12,000 miles per year residual on the 2015 Toyota Rav4 XLE is 62%

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  • mkhalil33mkhalil33 Member Posts: 19
    I guess better for me then if they are insisting on 71%. Thanks
  • MichaellMichaell ColoradoModerator Posts: 193,156
    mkhalil33 said:

    I guess better for me then if they are insisting on 71%. Thanks

    I would confirm if this is a lease through Toyota Financial; other banks may have a higher residual but higher MF to offset.

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  • kyfdxkyfdx Moderator Posts: 197,739
    If you are in the SETF area, anything is possible.

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