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Toyota 4Runner Lease Questions
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Comments
Can you give me the current residual and money factors for a 36 month/12K mile lease on an 07 SR5 4WD for Colorado? The one I have my eye on has an MSRP of $32998, invoice/selling price of $29962 less the $1250 rebate.
Thanks!
It is in your best interest not to make any sort of down payment when leasing. Consumers who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered.
Car_man
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Please compute a lease figure for the following:
MSRP: $ 34914.00
Selling price for lease deal:$ 32000.00
36 mos
sales tax .065 northeastern IL
Have very good credit. Do you know if anything will change in March? Im having a hard time finding a white version of this truck within 100 miles; V8s seem to be rather scarce.
Thanks, Dave
I forgot to ask if you can provide the 27 mo. 15k residual value for an 07 4runner sport edition 4wd V8 in the Chicago area? Appreciate all the work you do; I see you on a lot of other forums.
Regards, Dave
I'm looking for lease estimates and opinions based on the following 2007 Limited with MSRP of $40,419 including destination fee.
Options included: JBL, Side air bags, Spoiler, Day running lights, Moon Roof, Tow, cargo mat/kit.
What is a realistic payment expectation to lease this vehicle for 36 months/15k ?
I'd like to be around $400 a month with little out of pocket. Is this overly optimistic ?
Yes, I think you're overly optimistic about $400.
Can you please post the MF and residual for 4Runner SR5 V6 and V8 models for 36 month, 12k miles per year lease in NJ (or Northeast Region)?
TIA
MSRP: $ 40354.00
15000 miles a year and 39 months:
$0 down = $589
$1500 down= $547
$2500 down= $519
cap cost $33900
residual $20177
money factor .003090
Could you please post SoCal MF and residual for a Toyota 4Runner V6 Sport, both 4x2 and 4x4 if there is a difference? 3 years/12k miles would be great.
I believe last month it was 60% and .00181 which didn't seem too bad.
Thanks again,
Keith
MSRP: $32,819 - FE, CD, AW, NE, TO, DR, SR
39month/15k: $363.12
$1000 down
Cap Cost: $29,575
Residual: $16,081
MF: .000375
I don't have all the details yet, as this was via email not in person.
what state are u located in? i was just wondering where the MF was that low on the 4runner. that seems like a pretty good rate.
Thanks
Went to a different dealership today and I'm considering this offer...
SR5 - MSRP $32,819 FE, CD, AW, NE, RL, TO, DR, SR
AM Leather already installed - sticker $1395
36 month/15k
Toyota MF .00181
$431 plus 7% sales tax for a total payment of $463.00 per month
$1500 out the door (includes, DMV, doc, bank, gap, first month of $463.00)
When I first sat down the "out the door" cost was close to $2,000, which I thought was obsurd and really a deal killer.
After a little consideration at home, this deal doesn't look too bad, considering it's no money down. The reason I didn't take this SR5 deal on the spot was because I am hesitant about giving up the options I like that came with a SE I also got quoted on (pwr seats, REAS, etc)....
The base version of this truck has a spread of around $3,700 between its full MSRP and its dealer invoice price. The discount that you were given, $2,914 probably puts you at around $1,000 over invoice, which isn't bad but if there is a decent level of competition in your area you may be able to shave another couple hundred dollars off of this truck's selling price. Make sure to stop by the following discussion to see how much other community members have paid for similar vehicles lately: "Toyota 4Runner: Prices Paid & Buying Experience".
Car_man
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Car_man
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Car_man
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I got what I think is a great lease deal on a 2007 Sport and I absolutely love this truck !
I went in knowing the invoice and what to expect. Then I settled on two dealers I felt would go down to the wire on the payment as well as negotiating a low "out the door price". Both dealers had vehicles on the lot that I could be happy with.
MSRP: $34,864.00 (Sun Roof, Spoiler, 6CD)
36month/15k Toyota lease with .00181 MF
Monthly payment $429 plus 7% tax = $459 per month
Total out the door including first month and all DMV, doc and bank fees = $1500.00
Car_man
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Car_man
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Car_man
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Contemplating a 4runner lease with TFS. Does the dealership get the rebate money back on their end that is available on purchase? The dealer is trying to tell me they dont get the rebate on a lease. I know you get many questions but if I could get a response I would appreciate it.
Triston
this Toyota residual thing is very confusing---i'm used to buying Bimmers. so basically the options on a car (which is a couple grand in this case) are not used in calculating the residual?
final question for you- has the residual on the base car changed from March to April? i just want to know if this is still a good deal.
thanks car man! (ps. you've helped me now like 3x leasing a car for friends and myself!)
keith
Car_man
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Here's the final deal:
MSRP: 32.2k
Selling price: 28.1k
Residual: 17.8k
Money Factor: .00181
Acquisition fee: 550
With 8.25% tax, total is $416 a month which i thought was a pretty good deal all-in-all. The 4WD version which stickered for 34+ would have been $480 a month, which is quite a difference (effectively, i would have been paying full value of the difference in MSRP in the lease at $700 a year)
Cheers and thanks again!
Keith
w/6500 due at start
3yrs 36,000 miles
$395-400 plus tax per month
including tax $425 per month.
Residual 22,479
Money factor .00191
MSRP $41,853
Thanks.
Car_man
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The money factor that you mentioned in your post looks good to me, but you never mentioned what this truck's selling price is. This is a very important number to know when leasing because it shows you how much of a discount you are being given. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I would be happy to give you my opinion of this deal if you tell me what the selling price is.
Car_man
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I'm just wondering why it is bad to pay a high downpayment? The reason that I want to put 5000 down on a 4runner is so that I don't have to worry about higher monthly payments. Is this a bad idea? I haven't told a dealer that this is what I want to do but i've been thinking about it.
If you want more info, send me a message.
I am in the Southern California area and I am looking into leasing a basic model SR5 V6 4x2 4Runner. What would the monthly payments look like for a 36-month 12k/year or 48-month 12k/year lease? Also, how would the 'incentive/rebate' i see on the Edmunds pricing report get calculated into this?
Here is the information you will probably need:
MSRP (according to Edmunds): 28,320
Invoice (according to Edmunds): 25,362
TMV (according to Edmunds): 25,629
Incentives/Rebate*: -2,500
Customer Cash Adjusted True Market Value: $23,129
Credit: Tier 1
Downpayment: 2,500
Mileage: 12k per year
Assuming that I am able to negotiate a selling price that is identical to the Edmunds TMV, what should my monthly payments look like for a 36-month and a 48-month?
Also, as far as lease programs or incentives go, is this a good time to buy a 4Runner? I am willing to wait at least 1 month. Would you know of any benefits in waiting until late September?
Thank you in advance.
Could you please post the September money factor/residual numbers that Toyota is using for 4runner sports and limited models please? Also, would these numbers still be offered along with the current $2500 rebate that Toyota is offering on the '07 models? If not, what kind of money factor would one expect if they took the cash rebate?
Thanks very much.
Car_man
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Sorry--I live in So Cal--Los Angeles. Looking for 36 months, 12k lease on 2007 Sport and Limited models 4x4.
Also, depending on what their special lease rate is--it would probably be more advantageous to take the $2500 cash rebate, wouldn't it? If my math is right, the money factor would have to be below .0006/1.5% in order to be a better choice than the rebate? Or am I wrong?
Thanks very much. I really appreciate it.
I have a 63 mo. lease with Fair Lease in Dallas Texas for my 2005 4 runner sport now with 49,600 miles. Payoff today is 27,586.13. My 35th payment due 11/1/07 at 550.15 mo. The payoff includes a penalty charge of $500 for early termination & a percentage of the adjusted cap cost which amounts to $1,366.55 fee. The adj. cap cost on the contract is 37,166.05. (The price was high because I had to add $6,337 negative equity from the traded in car for the 05 4 runner)
A Houston dealership offered me a 2007 Sport. 1,000 down, 59 payments, 12,000 miles/yr, at $599.00 mo. My 4-runner is valued at around 20K they said. I this a Good or Bad Deal? Thanks, Diana (I don't know what to do with the Fair Lease contract. )
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: sysop, "Real-World Trade-In Values" #, 14 Dec 2000 11:07 pm. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
If you absolutely have to get a new vehicle now, make sure that you get the best possible deal on it. I would be happy to give you my opinion on the new deal that you were offered, but you didn't provide much information on it. What exact model are you interested in? What is its MSRP? How much is the dealer that you are working with charging you for it (its selling price)? Is the 60 month contract that you are considering a loan or a lease? Let me know and I'll tell you what I think.
Car_man
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I have a 2006 fully loaded, MSRP 44,700, I paid 39999. Put total 2K down, leasing for 557 a month for a 3 year 15K per year lease.
WEll, my lease ends in April of 09 and I already have 34K miles on it. I have a friend who wants to buy out the lease. My question is, should I let him do it? I would save the cost of brakes and tires, and excess mileage. The downside is, I would have to fork up another 1500 or so up front if I wanted to lease an 08. I see the MSRPs on the 08s are cheaper. What do you think? Do you think I could get a better monthly payment this time around? I would like to start over with the truck as my new driving habits make for less miles.
Was wondering if you might be able to advise. Am looking at a 2008 V6 Limited w/ carpet/cargo mats, JBL synthesis, Extra Value Pkg and Tow Hitch at Toyota Marin, CA, and am wondering whether the deal is good or not. Considering a 36 mo lease, 12000 miles, and nothing down.
Retail Price: $36975 w/ 1880 in accessories.
Dealer Price: 31909 w/ 1424 in access.
(For reference: Edmunds MSRP: 36975 w in 1560 access,
Invoice: 33017 with 1215 in access, and
TMV as 33,893 with 1326 in access.)
Cap cost = 36,774.
Residual: 22,046
No security deposit.
Monthly payment: $482.74
Monthly payment with tax: $520.37
I have been looking at a Volvo XC70 w/ the works ($42K selling price) and Touareg2 V6 w/ lux ($43K selling price) and have gotten quotes for (XC) $530/mo for 24 mo with nothing down and 10500 and (Touareg) $570/mo for a 36 mo lease (first month paid by VW), nothing down, 12000 miles, respectively. These cars are essentially $10K more yet their leases are fairly comparable.
Surely I can get a lower monthly payment, yes? But how??
Many, many thanks!
At least that is what I was told and what my paperwork reflects...