lease rate

tr22tr22 Member Posts: 4
edited September 2018 in Toyota
i am not well versed in the car leasing game. trying to see if i am getting a fair "deal" on 2018 toyota sequoia lease rate....its a TRD sport

MSRP 59,500
Selling Price 55,000
rate .00220
20,000 miles
residual 32,394

896/month

fair? thanks for the help.

Comments

  • kyfdxkyfdx Moderator Posts: 197,693
    edited September 2018
    tr22 said:

    i am not well versed in the car leasing game. trying to see if i am getting a fair "deal" on 2018 toyota sequoia lease rate....its a TRD sport

    MSRP 59,500
    Selling Price 55,000
    rate .00220
    20,000 miles
    residual 32,394

    896/month

    fair? thanks for the help.

    What is the lease term?
    Is it 20K/yr mileage, or 20K total mileage?
    What is the total amount Due at Signing?

    What is your location?

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  • tr22tr22 Member Posts: 4
    sorry. 20k miles (lots of kids); NY area; 36months....at signing just fees and taxes of 8,600 which was put into lease
  • kyfdxkyfdx Moderator Posts: 197,693
    tr22 said:

    sorry. 20k miles (lots of kids); NY area; 36months....at signing just fees and taxes of 8,600 which was put into lease

    How much is Due from you at lease signing?

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  • tr22tr22 Member Posts: 4
    nothing up front...fees and taxes put into lease. think that is answer you are searching for unless i am misinterpreting the question
  • kyfdxkyfdx Moderator Posts: 197,693
    tr22 said:

    nothing up front...fees and taxes put into lease. think that is answer you are searching for unless i am misinterpreting the question

    57% residual for 36/15
    With 20K/yr, the residual of about 54.5% seems appropriate.

    Need an adjusted CAP cost of about $57,500 to get that payment.
    $2500 is about right for sales tax and fees.

    Seems like a reasonable deal, considering the high mileage allowance.

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  • tr22tr22 Member Posts: 4
    thank you very much...very helpful.
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