2016 Toyota Corolla Lease Questions
Hello Carman,
Hi again !! its that time of the year and my lease ends in December :-) , Hope you are doing well. I live in the South Florida area ( Miami ) and want to see if you can tell me Residual Values for 24m and 36m, with Money factors, the most discount you think I could get and Incentives if any for Toyota Corolla 2016 LE and S with auto trans, and back up camera. Thank you as always !!!!
PS:
Thanks for sharing all the info, knowledge and for helping regular customers to buy a car.
Ed
Hi again !! its that time of the year and my lease ends in December :-) , Hope you are doing well. I live in the South Florida area ( Miami ) and want to see if you can tell me Residual Values for 24m and 36m, with Money factors, the most discount you think I could get and Incentives if any for Toyota Corolla 2016 LE and S with auto trans, and back up camera. Thank you as always !!!!
PS:
Thanks for sharing all the info, knowledge and for helping regular customers to buy a car.
Ed
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S - 72% for 24/15 and 64% for 36/15
.00002 MF for 24 months; .00157 MF for 36 months
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
http://www.edmunds.com/car-leasing/
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
LE and S Plus models
36mo/12k
S Plus - 65%
.00132 and $1000 lease cash.
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Thank you
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 S plus or special ed.
24/10k
NY/NJ
Thx!
We don't show a 10K/yr allowance, but if available, residual should be 1% higher.
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But, it's .00105 for Cincinnati, and .00132 for Central Atlantic, so not far off other places.
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Location: Columbus, Ohio
Did they disclose money factor or residual percentage?
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I wasn't aware those factors and Residual. Do I need to know these details if I don't buy this car after 2 years? I am planning to minimize my money installments. Please advice.
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Wish I did some more homework.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Went back to dealer asking for a 24 month lease instead but no luck, all papers are signed.
MF of .00140 is pretty high - but, it is the correct rate (not inflated). 36/12 residual on the LE is 64%.
You must have gotten some discount from the MSRP, because if I use MSRP as the net cap cost, I get a payment of $248/mo + tax, and you are only paying $220.
Looks like you did just fine.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm located just outside of Philadelphia, PA and am trying to negotiate a lease on a 2016 Corolla LE that has an MSRP of $19,725. I only drive about 8k miles per year (but usually less). What are the MF, Residual and any rebates/incentives for this month?
Thanks again!
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Also, most regions have $1000 lease cash
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Side note: I have been on the phone with the dealer trying to establish terms before I show up. Cost to buy new is at 17,600 (I've seen new LE at 16500 on autotrader) but to lease the cap cost is currently at 18,800 due to a lack of incentives from Toyota for leases. The purchase has a 1200 incentive. What is the lowest cap cost people are able to negotiate on the LEs? Is it common for the dealer to not be able to match low retail prices on lease cap cost?
Thank you in advance!
No information on incentives, but it's likely there are incentives to buy that don't exist for leases.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I got an offer and want to know well if it is a decent deal. One thing I noticed was the MSRP seemed higher then I thought it should be, but I do not know all the lease jargon.
New 2016 TOYOTA COROLLA 1852 4dr Sdn LE AT w/AC , Automatic , Odom: 0
Payment Details
Term
36
Base Payment
189.63
Total Payment
189.63
Purchase Option
13,136.50
MSRP
20,210.00
Est. Miles Per Year
10,000
Disposition Fee
350.00
Excess Mileage Charge
0.15
Amount Due at Signing
1st Month Payment
189.63
Acquisition Fee
650.00
Fees & Insurance
1,190.00
Upfront Taxes
197.47
Total Inception Fees
2,227.10
Rebate as Cap Reduction
1,000.00
Total Drive Off
3,227.10
Total Cash Required on Delivery
2,227.10
Thank you for your help!!
xoxo
The residual value is 65%, so the purchase price and MSRP are correct. What we don't know is the selling price - that is, how much of a discount from sticker are you getting.
And, the $1190 charge for "fees & insurance" seems awfully vague - I would ask the dealer to tell you what that covers, exactly. The acquisition fee is legit, as are the up front taxes.
It may look good - $189/mo for a $20K car - but we don't know if you can do better.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking for current residual and MF for a 2016 Corolla LE, 36 months/12,000 miles in Northern California.
I was offered the attached, without any negotiations yet, but feel like there's room to move. I am confused by line 5 "footprint" for $199.00 and line 25 where it quotes taxes at $1,280.07. I don't intend to put $2,000 down but want to buy down the MF with MSDs, and will not roll fees into the lease. I'm also not clear how they're factoring the $1,500 rebate into their figures.
Thanks!
I've never seen a "footprint" charge before.
Taxes on a lease in CA are charged against the monthly payment; this looks like a purchase amount.
We aren't certain that Toyota allows MSDs; have had some posters tell us it's possible, but we don't have any details on the program.
The rebate can be used to lower the cap cost, or to cover the up front fees (acquisition fee, misc fees, DMV costs, etc.).
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 Corolla S, 12k/yr, 24 months
2016 Corolla S, 12k/yr, 36 months
Location is KS, 66502
Thank you.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
How about the same conditions (12k/yr, 24 & 36 mo) for the LE, LE Eco, and S Plus? They've got all the variants at my local dealership. Sorry to ask for so many; they're similar enough for my tastes that I'm just looking for the lowest price/month. Were there no additional incentives?
Subtract 1% for S Plus
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I also see that there is a $1000 lease cash for corolla.. Can they be combined to bring the price down to $15,800 if I decide to lease? The dealer doesn't think so..