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2015 Toyota Corolla Lease Questions

PF_FlyerPF_Flyer Pennsylvania Furnace, PAPosts: 9,292
edited May 2015 in Toyota
This discussion was created from comments split from: 2014 Toyota Corolla Lease Questions.

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Comments

  • 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
  • Hi again another dealer just quoted me 0.00054, which essentially is a 1.296APR
  • MichaellMichaell ColoradoPosts: 125,017
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

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  • verinoxverinox Posts: 72
    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 Posts: 131,163
    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.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • mburgosmburgos Posts: 36
    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 Posts: 131,163
    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.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kylez0209kylez0209 Posts: 21
    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 ColoradoPosts: 125,017
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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  • kylez0209kylez0209 Posts: 21
    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 ColoradoPosts: 125,017
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

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  • mikewalamikewala Posts: 7
    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 Posts: 21
    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 ColoradoPosts: 125,017
    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?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 125,017
    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

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kylez0209kylez0209 Posts: 21
    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 ColoradoPosts: 125,017
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

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  • mikewalamikewala Posts: 7
    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 Posts: 131,163
    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

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kar_freakkar_freak Posts: 95
    Hi! Looking for MF / residuals for base Corolla LE 24mo & 36 mo, 12k/yr. I am in TX. Any incentives this month?

    Thanks
  • MichaellMichaell ColoradoPosts: 125,017
    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%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kar_freakkar_freak Posts: 95
    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 ColoradoPosts: 125,017
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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

    thanks
  • MichaellMichaell ColoradoPosts: 125,017
    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?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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

    Thanks
  • MichaellMichaell ColoradoPosts: 125,017
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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 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 ColoradoPosts: 125,017

    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 125,017
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Sorry the state is Massachusetts
  • MichaellMichaell ColoradoPosts: 125,017

    Sorry the state is Massachusetts

    Corolla MF for MA is .00001

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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 ColoradoPosts: 125,017

    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kyfdxkyfdx Posts: 131,163

    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

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 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 ColoradoPosts: 125,017

    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!

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MZA212MZA212 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 ColoradoPosts: 125,017
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MZA212MZA212 Posts: 355
    Thanks
  • pollie00pollie00 Posts: 52
    Can you post the numbers for Iowa, for Corolla LE Plus and S Plus 12k miles for both 24 and 36 months?
  • MichaellMichaell ColoradoPosts: 125,017
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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 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 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 Posts: 131,163
    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)

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • MichaellMichaell ColoradoPosts: 125,017
    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

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • frapfreakfrapfreak 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 ColoradoPosts: 125,017
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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