2015 Toyota Corolla Lease Questions

PF_FlyerPF_Flyer Pennsylvania Furnace, PAMember Posts: 9,403
edited May 2015 in Toyota
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  • tomarastomaras Member Posts: 2
    Hello,
    Trying to buy a new Corolla LE 2015 and i keep getting some outrageous MF's of 0.0054. What is the current MF of the LE for 36/24 months and residual if you know?
    Also do you think any of these two discounts are good 17177 off of 20044 MSRP or 17259/19565
    Thank you in advance!
    Tasos
  • tomarastomaras Member Posts: 2
    Hi again another dealer just quoted me 0.00054, which essentially is a 1.296APR
  • MichaellMichaell ColoradoModerator Posts: 181,991
    tomaras said:

    Hi again another dealer just quoted me 0.00054, which essentially is a 1.296APR

    Toyota lease numbers are highly regional ... in the information I have, I saw three different MF's alone for the 2015 Corolla (.00001, .00030 and .00199).

    But, .00054 seems right, given Toyota's desire to move metal.

    Use the pricing tools at the top of the page (make / model / year) to help with a target transaction price.

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  • verinoxverinox Member Posts: 73
    Hello,

    Could you please provide the MF and Residuals for:

    2015 Corolla LE in Cleveland, OH
    12k/36months
    12k/24months

    Thanks! Really appreciate the work you guys do here providing this information.
  • kyfdxkyfdx Moderator Posts: 187,156
    verinox said:

    Hello,

    Could you please provide the MF and Residuals for:

    2015 Corolla LE in Cleveland, OH
    12k/36months
    12k/24months

    Thanks! Really appreciate the work you guys do here providing this information.


    Residuals are 72% and 64%.. unless it is an LE Premium, then subtract 5% from the residual.

    In some areas of the country, we see a .00030 MF, but I've got nothing specific for the Midwest.

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  • mburgosmburgos Member Posts: 51
    Can you help me with residual and money factor
    2015 Corolla LE
    2015 Corolla LE Premium
    36 months 15k a year, located in Georgia
  • kyfdxkyfdx Moderator Posts: 187,156
    mburgos said:

    Can you help me with residual and money factor
    2015 Corolla LE
    2015 Corolla LE Premium
    36 months 15k a year, located in Georgia


    62% and 57% residual.. money factors vary... as noted above, .00030 seems most prevalent.

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  • kylez0209kylez0209 Member Posts: 36
    Hello. Can you help with the residual value and MF for a 2015 Corolla S Premium for both 36 months 12k and 48 months 12k? I am in So Cal. Thanks!
  • MichaellMichaell ColoradoModerator Posts: 181,991
    kylez0209 said:

    Hello. Can you help with the residual value and MF for a 2015 Corolla S Premium for both 36 months 12k and 48 months 12k? I am in So Cal. Thanks!

    .00021 and 61% (36/12)

    52% (48/12), but no 48 month MF is listed.

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  • kylez0209kylez0209 Member Posts: 36
    Michaell said:

    kylez0209 said:

    Hello. Can you help with the residual value and MF for a 2015 Corolla S Premium for both 36 months 12k and 48 months 12k? I am in So Cal. Thanks!

    .00021 and 61% (36/12)

    52% (48/12), but no 48 month MF is listed.
    Thank you. Does Toyota have a 42 month lease? If so, can you provide the residual for that?

  • MichaellMichaell ColoradoModerator Posts: 181,991
    kylez0209 said:

    Michaell said:

    kylez0209 said:

    Hello. Can you help with the residual value and MF for a 2015 Corolla S Premium for both 36 months 12k and 48 months 12k? I am in So Cal. Thanks!

    .00021 and 61% (36/12)

    52% (48/12), but no 48 month MF is listed.
    Thank you. Does Toyota have a 42 month lease? If so, can you provide the residual for that?

    Residual for 42/12 on the Corolla S Premium is 56%. There aren't any MF numbers for lease terms longer than 36 months, however.

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  • mikewalamikewala Member Posts: 30
    Hello,
    Any information for the month of March 2015. Toyota Corolla LE 12k 24/27/36 months. MF and RV. located in FL

    thanks
  • kylez0209kylez0209 Member Posts: 36
    Can anyone provide the residual and MF for a 2015 Corolla S Plus in SoCal? 36 mo/ 12k. Does a 2014 model change anything?
  • MichaellMichaell ColoradoModerator Posts: 181,991
    mikewala said:

    Hello,
    Any information for the month of March 2015. Toyota Corolla LE 12k 24/27/36 months. MF and RV. located in FL

    thanks

    Base, Premium, Eco Base or Eco Premium ... who knew there were so many choices?

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  • MichaellMichaell ColoradoModerator Posts: 181,991
    kylez0209 said:

    Can anyone provide the residual and MF for a 2015 Corolla S Plus in SoCal? 36 mo/ 12k. Does a 2014 model change anything?

    No 2014 numbers.

    66% for 36/12 and .00021 MF

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  • kylez0209kylez0209 Member Posts: 36
    Michaell said:

    kylez0209 said:

    Can anyone provide the residual and MF for a 2015 Corolla S Plus in SoCal? 36 mo/ 12k. Does a 2014 model change anything?

    No 2014 numbers.

    66% for 36/12 and .00021 MF
    Thank you! Last question, what about a S Premium for 2 years/12k?

  • MichaellMichaell ColoradoModerator Posts: 181,991
    kylez0209 said:

    Michaell said:

    kylez0209 said:

    Can anyone provide the residual and MF for a 2015 Corolla S Plus in SoCal? 36 mo/ 12k. Does a 2014 model change anything?

    No 2014 numbers.

    66% for 36/12 and .00021 MF
    Thank you! Last question, what about a S Premium for 2 years/12k?

    Subtract 5% from residual, same MF.

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  • mikewalamikewala Member Posts: 30
    Michaell said:

    mikewala said:

    Hello,
    Any information for the month of March 2015. Toyota Corolla LE 12k 24/27/36 months. MF and RV. located in FL

    thanks

    Base, Premium, Eco Base or Eco Premium ... who knew there were so many choices?
    Sorry for a Base Toyota Corolla LE no options. thanks

  • kyfdxkyfdx Moderator Posts: 187,156
    mikewala said:

    Michaell said:

    mikewala said:

    Hello,
    Any information for the month of March 2015. Toyota Corolla LE 12k 24/27/36 months. MF and RV. located in FL

    thanks

    Base, Premium, Eco Base or Eco Premium ... who knew there were so many choices?
    Sorry for a Base Toyota Corolla LE no options. thanks

    SET numbers:

    .00096 MF and 72% residual for 24mo, 12K/yr

    .00167 MF and 64% residual for 36mo, 12K/yr

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  • kar_freakkar_freak Member Posts: 111
    Hi! Looking for MF / residuals for base Corolla LE 24mo & 36 mo, 12k/yr. I am in TX. Any incentives this month?

    Thanks
  • MichaellMichaell ColoradoModerator Posts: 181,991
    kar_freak said:

    Hi! Looking for MF / residuals for base Corolla LE 24mo & 36 mo, 12k/yr. I am in TX. Any incentives this month?

    Thanks

    .00001 and 72% / 64%

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  • kar_freakkar_freak Member Posts: 111
    Michaell said:

    kar_freak said:

    Hi! Looking for MF / residuals for base Corolla LE 24mo & 36 mo, 12k/yr. I am in TX. Any incentives this month?

    Thanks

    .00001 and 72% / 64%
    Thank you for the numbers. Just wanted some clarification........numbers on Toyota's website with TX zip code is showing 68% residual (MSRP $19,600 & RV $13,331). What am I missing?

    Thanks
  • MichaellMichaell ColoradoModerator Posts: 181,991
    kar_freak said:

    Michaell said:

    kar_freak said:

    Hi! Looking for MF / residuals for base Corolla LE 24mo & 36 mo, 12k/yr. I am in TX. Any incentives this month?

    Thanks

    .00001 and 72% / 64%
    Thank you for the numbers. Just wanted some clarification........numbers on Toyota's website with TX zip code is showing 68% residual (MSRP $19,600 & RV $13,331). What am I missing?

    Thanks
    Toyota leasing numbers are highly regional, and the numbers we have are for the "base" MSRP - Toyota does not residualize their options the same way other manufacturers do.

    Sadly, it makes for leasing a Toyota a difficult process.

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  • kbclutchkbclutch Member Posts: 5
    Can I get MF and residual on a 15 Corolla S Plus in Illinois (62711)?

    thanks
  • MichaellMichaell ColoradoModerator Posts: 181,991
    kbclutch said:

    Can I get MF and residual on a 15 Corolla S Plus in Illinois (62711)?

    thanks

    What lease term and how many miles per year?

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  • kbclutchkbclutch Member Posts: 5
    24 months w 12k/year.

    Thanks
  • MichaellMichaell ColoradoModerator Posts: 181,991
    kbclutch said:

    Can I get MF and residual on a 15 Corolla S Plus in Illinois (62711)? 24 months, 12K miles per year

    thanks

    73% and .00001 MF. $500 lease cash.

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  • skipcashflowskipcashflow Member Posts: 14
    Can someone give me a MF and residual for a 2015 Corolla S Plus A/T (not sure if matters but with Driver Conveiniece pkg) for both 24/15 and 36/15. And also if there is any lease cash? I think it might be $100.

    Thanks in advance
  • MZA212MZA212 Member Posts: 355
    Can you please post numbers for South Florida, Corolla LE Plus and Corolla S, 12k miles 24 and 36 months.
    Thank you.
  • MichaellMichaell ColoradoModerator Posts: 181,991

    Can someone give me a MF and residual for a 2015 Corolla S Plus A/T (not sure if matters but with Driver Conveiniece pkg) for both 24/15 and 36/15. And also if there is any lease cash? I think it might be $100.

    Thanks in advance

    71% / 63%

    What state is this? Toyota MF are highly regional.

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  • MichaellMichaell ColoradoModerator Posts: 181,991
    mzia said:

    Can you please post numbers for South Florida, Corolla LE Plus and Corolla S, 12k miles 24 and 36 months.
    Thank you.

    LE Plus - 71% / 63%

    S - 73% / 65%

    .00096 MF for 24 months, .00167 MF for 36 months.

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  • skipcashflowskipcashflow Member Posts: 14
    Sorry the state is Massachusetts
  • MichaellMichaell ColoradoModerator Posts: 181,991

    Sorry the state is Massachusetts

    Corolla MF for MA is .00001

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  • skipcashflowskipcashflow Member Posts: 14
    Residuals and MF and Lease cash In Massachusetts for 2015 Toyota S Premium CVT for 36/15 and 24/15. And I think I read somewhere that Toyota leases don't include GAP? Is that true.
  • MichaellMichaell ColoradoModerator Posts: 181,991

    Residuals and MF and Lease cash In Massachusetts for 2015 Toyota S Premium CVT for 36/15 and 24/15. And I think I read somewhere that Toyota leases don't include GAP? Is that true.

    Subtract 5% to go from S Plus to S Premium. MF stays the same as above.

    No information on whether GAP is included in Toyota leases.

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  • kyfdxkyfdx Moderator Posts: 187,156

    Residuals and MF and Lease cash In Massachusetts for 2015 Toyota S Premium CVT for 36/15 and 24/15. And I think I read somewhere that Toyota leases don't include GAP? Is that true.

    That's true... TFS leases do NOT include GAP

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  • skipcashflowskipcashflow Member Posts: 14
    Is this a good deal? Or can I make it any better? It is so hard to figure out with the way that Toyota does there residuals. The numbers that are provided (thankfully I might add) don't appear to be very helpful on any model that has extra equipment. The dealers instead of using a set % for each model, they obtain a Lease end value for each VIN in their inventory? So there is no way of knowing which equipment is residualized or not? So here are my numbers.

    This is in Massachusetts.

    2015 Toyota Corolla S Plus A/T w/ Driver Conv Pkg, Moonroof, Carpet Mats. MSRP of $23,255. According to Edmunds invoice price on that vehicle is $21,486.

    The lease is for 36 months 15k per year. They have a Lease end value for this car of $13,052 which computes to a 56.13% (Different than the 63% I was given on this forum) which I know has a ton to do with the way Toyota residualizes their cars.

    I am putting down $1,000 total out of pocket. and the payment with 6.25% tax is $237.36.

    Amount due at start add up to $1,629 of which $1,000 is out of pocket leaving 629 to be added to the cap cost.

    Of which broken down are:
    $650 Acq Fee
    $495 Doc Fee
    $5 Title Fee
    $135 Plates
    $35 Sticker
    $237.36 1st Month's Payment
    $71.88 Taxes due on the (650,495,5 fees)

    How did I do?
  • MichaellMichaell ColoradoModerator Posts: 181,991

    Is this a good deal? Or can I make it any better? It is so hard to figure out with the way that Toyota does there residuals. The numbers that are provided (thankfully I might add) don't appear to be very helpful on any model that has extra equipment. The dealers instead of using a set % for each model, they obtain a Lease end value for each VIN in their inventory? So there is no way of knowing which equipment is residualized or not? So here are my numbers.

    This is in Massachusetts.

    2015 Toyota Corolla S Plus A/T w/ Driver Conv Pkg, Moonroof, Carpet Mats. MSRP of $23,255. According to Edmunds invoice price on that vehicle is $21,486.

    The lease is for 36 months 15k per year. They have a Lease end value for this car of $13,052 which computes to a 56.13% (Different than the 63% I was given on this forum) which I know has a ton to do with the way Toyota residualizes their cars.

    I am putting down $1,000 total out of pocket. and the payment with 6.25% tax is $237.36.

    Amount due at start add up to $1,629 of which $1,000 is out of pocket leaving 629 to be added to the cap cost.

    Of which broken down are:
    $650 Acq Fee
    $495 Doc Fee
    $5 Title Fee
    $135 Plates
    $35 Sticker
    $237.36 1st Month's Payment
    $71.88 Taxes due on the (650,495,5 fees)

    How did I do?

    Leasing Toyotas can be a bit frustrating, for the reasons you mention.

    Bottom line - $237/mo with tax on a car that retails for $23K is a good deal. Enjoy your new Corolla!

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  • MZA212MZA212 Member Posts: 355
    mzia said:

    Can you please post numbers for South Florida, Corolla LE Plus and Corolla S, 12k miles 24 and 36 months.
    Thank you.

    Can you please provide the May numbers ? Thank you.
  • MichaellMichaell ColoradoModerator Posts: 181,991
    mzia said:

    mzia said:

    Can you please post numbers for South Florida, Corolla LE Plus and Corolla S, 12k miles 24 and 36 months.
    Thank you.

    Can you please provide the May numbers ? Thank you.
    No change to the numbers for May.

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  • MZA212MZA212 Member Posts: 355
    Thanks
  • pollie00pollie00 Member Posts: 57
    Can you post the numbers for Iowa, for Corolla LE Plus and S Plus 12k miles for both 24 and 36 months?
  • MichaellMichaell ColoradoModerator Posts: 181,991
    pollie00 said:

    Can you post the numbers for Iowa, for Corolla LE Plus and S Plus 12k miles for both 24 and 36 months?

    LE Plus - 71% and 63%
    S Plus - 73% and 65%
    .00001 MF for both trims.

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  • gunbunnysouljagunbunnysoulja Member Posts: 11
    Just out of curiosity, why do people choose to lease vs own? I pay $260 a month to own my new Corolla, and that was with no money down or any out of pocket expenses, others could do better with interest free loans. Lifetime warranty through the dealer. 2 year ToyotaCare.

    I guess I just fail to understand the purpose of a lease. Is it just to have a new car every few years? Or business usage?
  • frapfreakfrapfreak Member Posts: 3
    edited May 2015
    May I get the info for a LE, LE plus, and LE premium for Bellevue, WA? Thanks a ton.

    Edit: 12k a year, 36 months
  • frapfreakfrapfreak Member Posts: 3
    Just out of curiosity, why do people choose to lease vs own? I pay $260 a month to own my new Corolla, and that was with no money down or any out of pocket expenses, others could do better with interest free loans. Lifetime warranty through the dealer. 2 year ToyotaCare. I guess I just fail to understand the purpose of a lease. Is it just to have a new car every few years? Or business usage?
    Yes. In general, if you want a new car every few years, leasing is cheaper than financing in both monthly payment and total cost of use after 24/36 months.
  • kyfdxkyfdx Moderator Posts: 187,156
    frapfreak said:

    May I get the info for a LE, LE plus, and LE premium for Bellevue, WA? Thanks a ton.

    Edit: 12k a year, 36 months

    .00001 MF and 63% residual (base, plus)/58% residual (premium)

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  • MichaellMichaell ColoradoModerator Posts: 181,991
    frapfreak said:

    May I get the info for a LE, LE plus, and LE premium for Bellevue, WA? Thanks a ton.

    Edit: 12k a year, 36 months

    63% for LE and LE Plus; 58% for LE Premium

    .00001 MF

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  • frapfreakfrapfreak Member Posts: 3
    Awesome, thanks guys. Just to clarify, 0.00001 is what Toyota is offering and when the dealership tells me 0.00047, that's their markup?
  • MichaellMichaell ColoradoModerator Posts: 181,991
    frapfreak said:

    Awesome, thanks guys. Just to clarify, 0.00001 is what Toyota is offering and when the dealership tells me 0.00047, that's their markup?

    Yep.

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