Are you shopping for a new vehicle and having trouble finding one, or have you been waiting a long time for a factory order? A reporter would like to speak with you; please reach out to [email protected] by Tues. 5/11 for more details.

LEASE - I'M A NEWBIE

123jem123jem 53572Member Posts: 1
edited February 2020 in Toyota
THIS IS MY FIRST LEASE - IS THIS A GOOD DEAL? 2020 TOYOTA RAV 4 LE AWD
MSRP $29723; DISCOUNT $3,402; SALE PRICE $26,321; CAP FEES & TAXES $949; CUSTOMER CASH $513; ADV PAYMENT $275; UPFRONT FEES $212; RESIDUAL VALUE $19,320; MONEY FACTOR 0.00117; 10,000 MILES/36 MONTH.
ALSO DO I NEED TO PURCHASE GAP INSURANCE?
REGARDING LEASE PAPERWORK ANYTHING I NEED TO BE ON THE LOOKOUT FOR?
THANK YOU.

Comments

  • kyfdxkyfdx Moderator Posts: 187,525
    123jem said:

    THIS IS MY FIRST LEASE - IS THIS A GOOD DEAL? 2020 TOYOTA RAV 4 LE AWD
    MSRP $29723; DISCOUNT $3,402; SALE PRICE $26,321; CAP FEES & TAXES $949; CUSTOMER CASH $513; ADV PAYMENT $275; UPFRONT FEES $212; RESIDUAL VALUE $19,320; MONEY FACTOR 0.00117; 10,000 MILES/36 MONTH.
    ALSO DO I NEED TO PURCHASE GAP INSURANCE?
    REGARDING LEASE PAPERWORK ANYTHING I NEED TO BE ON THE LOOKOUT FOR?
    THANK YOU.

    What is your location?

    What is the total amount Due at Signing?

    What is the payment? $275?

    TFS leases do NOT include GAP insurance, and I would not want a lease without it. However, the F&I office might have a pretty high price on it. My last Toyota lease, they started at $700 for GAP, and ended up offering it for $225, after I turned their offer down, repeatedly.

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

    Edmunds Moderator

Sign In or Register to comment.