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2020 Toyota Tacoma SR5 and 2020 Highlander Lease questions (first timer)

yorktoothyorktooth Member Posts: 3
edited October 2020 in Toyota
I am in zip code 01970 and found a lease for 2020 Tacoma SR5 for 202/month 24 months, 12k miles a year and $2,999 due at signing. The ad says $750 cash incentive and excludes tax, title, license, registration fees and dealer options charges.

I have been communicating via email/text with a salesman and I told him about the ad I found and he said that "with everything else added in it will not be $202".

This is my first time possibly leasing and I am just looking for a good deal.

I had also requested lease information for a 2020 Highlander LE AWD (6948, model maybe?) and he sent me the following

36 month lease 3k down 10k miles per year $314.53 per month, 2k down $344.19 per month and 1k down $373.84 per month.

MV selling price 39,948
discount $4,200
rebate $500
ADJ price $35,248
doc fee $495
Acq fee $650
Tax $36.83
Title fee $75
Reg fee $60
State Inspection $35
Balance $36,599.83
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Answers

  • MichaellMichaell Moderator Posts: 240,829
    yorktooth said:

    I am in zip code 01970 and found a lease for 2020 Tacoma SR5 for 202/month 24 months, 12k miles a year and $2,999 due at signing. The ad says $750 cash incentive and excludes tax, title, license, registration fees and dealer options charges.

    I have been communicating via email/text with a salesman and I told him about the ad I found and he said that "with everything else added in it will not be $202".

    This is my first time possibly leasing and I am just looking for a good deal.

    I had also requested lease information for a 2020 Highlander LE AWD (6948, model maybe?) and he sent me the following

    36 month lease 3k down 10k miles per year $314.53 per month, 2k down $344.19 per month and 1k down $373.84 per month.

    MV selling price 39,948
    discount $4,200
    rebate $500
    ADJ price $35,248
    doc fee $495
    Acq fee $650
    Tax $36.83
    Title fee $75
    Reg fee $60
    State Inspection $35
    Balance $36,599.83

    Lease ads often quote large down payments so it makes the monthly payment look small.

    Before jumping into any serious negotiations, educate yourself about how leases work, and how the different components act to affect the payments. These links should help:

    https://www.edmunds.com/car-leasing/
    https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

    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 / 2014 MINI Countryman S ALL4

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