Info on Toyota Camry Hybrid 2020 Lease
HereAfter54
Member Posts: 2
Hi! I'm interested in leasing a 2020 Toyota Camry Hybrid and have an offer from a dealer, but before I sign, I was wondering what the money factor and residual typically are for a Toyota Camry Hybrid LE CVT at 10K miles per year for 36 months, zip is 01810.
I'd appreciate any help I can get!
I'd appreciate any help I can get!
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$380 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The residual value is set by the bank and is nothing more than a very educated guess as to what the car will be worth at the end of the lease. Very rarely is the market value of the car higher than the residual value.
Yes, a higher residual results in a lower payment, so long as everything else is the same. But, that isn't always the case. The money factor and incentives have to be considered along with the residual when valuing a lease deal.
The 1% concept is a guideline, not a rule. Not every car will have a lease payment that is 1% of MSRP. Most are higher; some, rarely, are lower.
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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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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$500 lease cash
No loyalty
Edmunds Price Checker
Edmunds Lease Calculator
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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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No incentives
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige