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Toyota Camry Lease Questions
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Comments
MSRP - 23050
Price - 22150
Cap Red - 500
Trade - 500
Term - 36
Factor - 0.00002
Residual - 14,144
Down - 500
Tax grp - 730.39
Fee/Lessor - 217.50
Payment - 239.74
It's sign and drive so I'm only paying the 500 down and the first month's payment. There are no options, it's the base LE.
EDIT: Yes, it's 720 for TFS tier one
Toyota Financial Services' June buy rate lease money factor and residual value for a 36 month lease of a base '11 Camry with 12,000 miles per year were .00002 and 65%, respectively in your area for consumers who qualify for its top aka "Tier 1+" credit tier.
I believe that Toyota decided to extend its June programs through July 6th, but I need to double check that to make certain.
TFS' residual values are a little misleading. Unlike most other banks that allow the residualization (now that's a big word ) of all OEM options, TFS places restrictions on what options can be residualized and caps on the ones that it allows. This makes its effective residuals lower than its published percentages appear. It also makes it difficult for consumers to work up payments on specific models on their own.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Having said that, $390 per month does sound a little steep for an '11 Camry.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
2011 Toyota Camry LE 4 cylinder automatic (model# 2532)
3 Year Special Lease till Jul., 06, 2010
Drive-off.....................$1,000
Payment.....................$204.45+ tax ($222.34) @ 35 months
Mileage.....................12,000 miles/year
Residual....................$14,144
Fico Score 720+ (O.A.C.)
MSRP.........................$23,050
Your Price..................$20,588
Can you please tell me the current MF and Residual for a 2011 XLE V6?
Thanks!
2011 Camry LE with Bluetooth Handsfree, Body side molding and Carpet/Trunk Mat Set
MSRP: 23,558
Residual: 14,144
36 months with 12K a year
Total paid as signing: 526 (1st month payment plus License/Tags/Doc Fees) and received a check for $1300 to pay off final 4 months of current leased car
Total monthly lease payment: (305.29 - includes Gap and the 9% PA sales tax).
What is the residual and MF for a 12k/year 36 month lease on a 2011 Camry LE for August?
Are the rates different for other models such as SE,XLE with V6's. Thanks a bunch.
Thx
Thx
Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 Camry LE with 12,000 miles per year in its New York region are .00001 and 64%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
At first glance one might say, wow a 64% residual value...that's incredible. Unfortunately, it's also misleading. TFS places restrictions upon what options can be residualized making its real world residuals essentially lower than its published resids for base models initially appear. This also makes it difficult for consumers to calculate sample payments on specific models on their own.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Looks like they discounted from 27K to around 22K. Probably 27K is inflated MSRP, but who knows. I come to the table with tax, tags, first month payment, title. In Maryland.
Thanks for your replies.
Just want to clarify that the Mf is 0.00001(0.2%), right? Thats great!
Thanks in advance.
John
If you leased a car on the 20th, the payment will be due on the 20th, each month, and also expire on the 20th of the last month..
regards,
kyfdx
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Long time reader. Would like to contribuite too.
Just leased Toyota Camry 2011 LE 4 cyl. with mats and alloy wheels $400 down and $190/mth for 36 mths. and 12,000 miles a year. Also got free 2 year maintenance. Minimal negotiations using e-mails first to set the prices right.
T. of Watertown in MA. Sales person Ray. The car is pretty good, rather quiet, everything is automatic. What's not to like?
Thanks
In Wisconsin
2011 LE with mats and alloy wheels (MSRP of 23,325)
Residual = 14,269
12k/year
36 payments of $192 + tax ($203 after tax) ... nothing down other than the first month payment
payments are all inclusive (title, fees, etc).
One option question ... thoughts on the blue tooth radio? Adds $7/month ... feels like a good option but I've never used.
Thanks in advance for any help
Heated seats/push button start
Remote engine start
Carpet mats
Rear bumber applique
MSRP 31193
Payment: $309/month including 6.75% tax
Only money down was first month payment.
Didnt really negotiate much so probably got hosed. I do know money factor was .00001.
36 payments of $206 + tax ($217 after tax) ... nothing down other than the first month payment
payments are all inclusive (title, fees, etc).
Thanks in advance for any help
I'm looking at possibly leasing a 2011 Camry hybrid. Do you have the residual & MF for 36/12 and 36/15 on a hybrid with the leather, moonroof, and upgrade packages? Thanks.
What was the RESIDUAL VALUE (price to purchase at end of lease)?
What was the negotiated price (CAP COST) for the car?
$309/mo for a $31k Camry XLE sounds GREAT to me! I just needed these 2 numbers to run my own calculations. Thanks!!
Looking to get this in NY if that make a difference.
The residual, from what I can gather is right at 60% for 36mo/12k miles/yr. The 15k miles/yr should be 58%. Toyota's are hard to calculate the residuals, since not all options residualize. The SE V6 model, I would assume is similar.
The money factor I have been quoted is: 0.00001 or 0.02% (which is basically 0%)
There is $750 bonus lease cash also from Toyota, to help down payment right now.
MSRP: 23,315.00
Base Cap Cost: 20,804.00
Acquisition Fee: 650.00
T,L and Processing: 180.00
Adjusted Cap Cost: 21,634.00
Residual: 13,827.00
Money Factor: .00001
Base Monthly Pmt: $217.22
PA Tax (9%) $ 19.55
Net Pmt: $236.77
Due @ siging: First Payment $236.77
Comments/Criticisms of this deal would be appreciated. Thanks.
**I think your deal is pretty good, the 15k/yr leases are a few bucks higher/mo. due to the lower residual value on the car. The residual on the SAME car with 12k miles/yr would be $14,300.
**Maybe tell them to keep you at $236.77/mo with $0 due at sign and take the deal.
I am looking at a 2011 Camry SE with MSRP of $25,990 and my deal so far is:
$235/mo + sales tax for 35 more months (12k miles/yr).......zero due at signing/sign-n-drive.
$235/month for an SE with that MSRP sounds unbelievable. I'm looking for an SE now in that range except I'd prefer 15K miles/month.
Out in SoCal, no one seems to budge off Toyota's current no money down $245/month LE deal w/12K miles/month.
Can you tell me where this is being offered? Are you taking the deal or still negotiating?
I might consider a deal in Vegas if offers are that aggressive.
Unfortuately, Toyota sets up special/promotions by the Region in which you live and will register the vehicle. California is NOT in our Region, so the deals will be different for you in SoCal. You won't be eligible for Nevada's specials.
I tried to talk to Longo Toyota and they would not deal/talk to me, since I live in Nevada......I was told they don't sell Toyota's unless they are registered in Cal.
My lease numbers are correct (36mo/12k miles/yr and $25,990 SE) and valid until I sign the deal, which will be in the next week or so. The dealer started off at $262/mo + tax, and I told them NO. Then the next email was $235/mo + tax and I was told this was "as good as it gets".
It took a little work to get to this point, I started off just sending emails to the various dealers (4) here in town. Findlay Toyota in Henderson, was way out of the ballpark with their pricing......too many fees and wouldn't deal. So, I would take them off the list and concentrate on the other 3 dealers.
If you can, send me an email at: sherpa4tink@yahoo.com
I can let you know what is going on with the deal I am working on and where. Once I sign my deal, I will post another reply with the broken-down deal. Wed/Thurs is when I plan on finalizing this deal.
I am in the process of confirming with Irvine Toyota just what the purchase price would be and from there, hopefully extracting what the monthly lease payments would be at the same money value rate and other parameters from Toyota's lease special.
It should be less and I expect this to be confirmed back by dealers.
It will give me some idea of what I could expect to get in a monthly lease rate discount compared to the $249/month advertised and hopefully give me some leverage to get either 15K miles/month or an SE 4 model for around $249/month without any further haggling.
Anyone have direct experience in the last 2 years with the Costco Auto Program and in obtaining lower lease rates?
Costco is correct on the purchase price should be good for BOTH a purchase or a lease.......however, some dealers try to play games and say the price is "different" for a purchase vs a lease. DO NOT PLAY THAT GAME. You will lose.
Just FYI, that same special promotion you are talking about on the Camry LE is available here in Nevada, Arizona, Utah, Colorado, Wyoming for $199/mo with $249 due at signing (plus dealer fees) and the $249 due (was $999 due) includes the $750 bonus lease cash..............36mo and 12k/yr. However, you can do better with MORE negotiating and spending time emailing or going in/out of dealers.
The dealer is in fact, "selling" the vehicle......if it is purchased or leased, it should not matter. Ideally, you always want to negotiate from the INVOICE (minus any rebates or factory cash) and up from there. Then, tell the dealer you want to see 2 quotes.......one for a purchase and one for a lease.
Good Luck! Shoot for $500 under invoice.........plus the $750 lease bonus cash on ANY 2011 Camry right now. The MF = 0.00001 for Tier 1 credit, which is essentially 0% on a LEASE!!
I just moved to Los Angeles. On September 6th, I test drove a 2011 Camry LE (it had power seats), and I was quoted (and took) a lease of $180/month for 36 months, with the first month and approx $500 of fees up front. It was broken down as:
MSRP: $22,100
Residual: 64%
Residual $14,144
Sales Price: $19,904
Acquisition Fee: $650
Rebate (Labor Day): $500
Total Cap Costs: $20,054
Finance Factor: .00001
To me it was a no brainer, I was surprised by your post though, the dealer (Miller Toyota in Culver City) said Toyota was really pushing Camrys, they looked pretty busy.
Is this as a good a deal as I think, or am I missing something? I know that the $20,054 is more than what would be considered a good price on truevalue, but my total payments are approx. $7,000 over 3 years, and contains as close to zero interest as you can get.
Great deal, what was the mileage per year?
I'd like to land an SE with 15K miles/year and might give Miller a try.
Don't know yet if they're Costco dealer but it sounds like an aggressive cap cost to me.
The rep at Power Irvine Toyota said they had a glut of Camry's but I guess they are stubborn or are playing hard to get in which case I'm happy to tell them to stick their sucker deals in their Irvine ___.
It was 12,000 miles per year. I am not supposed to put dealer names on my posts and I am new on the website so don't want to cause trouble, but I believe if you ask for the Internet Salesman (i started the process by emailing through their website), you will get to the right guy. He was straightforward and direct, and steered me clear of the Prius we were considering and into the Camry. After driving it for a week now, I am VERY satisfied with it, and the overall level of service at Miller Toyota. The lease came with the free 2 year maintenance plan as well, and they said they were the 5th or 6th largest service station in the country so getting it serviced would be fairly easy.
I did try to negotiate price of the 'purchase' so that I would consider buying it at lease end, but he wouldn't budge and his offer was below what I was hoping to negotiate to, so I took it without any 'I'm walking' talk. I was a little suspicious at the deal so when he talked color, I changed my mind a few times to make sure the specific car I test drove wasn't a lemon, he couldn't have cared less what car I took, and color isn't important to me either, I went with Grey Metallic.
Fell free to ask anything else, I may be in the market for a second car to purchase or lease and am still learning the ropes, never dealt with a dealership before.
Thanks for sharing the info.
Was your SE 4 or 6?
Grey metallic is what I'm looking for in an SE4, not 6, cloth seats, with 15 miles/year.
Your price would have been a smudge higher, around $194/month if you rolled your $500 fees into the lease, since the $249/month offer is no fees on drive off.
Still a great deal.
How do you find the SE steering and ride compared to the LE?
The same or a bit sportier?
I like the SE look better and haven't test ridden it yet, just the LE but I imagine w/the suspension it might be better.
Thanks for sharing the info.
Your SE was a 6, not a 4?
Grey metallic is what I'm looking for in an SE4, not 6, cloth seats, with 15 miles/year.
Your price would have been a smudge higher, around $194/month if you rolled your $500 fees into the lease, since the $249/month offer is no fees on drive off.
Still a great deal.
How do you find the SE steering and ride compared to the LE?
The same or a bit sportier?
I like the SE look better and haven't test ridden it yet, just the LE but I imagine w/the suspension it might be better.
I just finalized my lease deal and picked up my 2011 Camry SE (2.5L/6A) in Super White with Ash Fabric, SE Value PKG #1 and Smart Key. MSRP $25,990
My lease is 36mo/12,000 miles a year, as is broken down as:
MSRP: $25,990
Adjusted Cap Cost: $23,750
DOC fee: $495
Toyota Bank AQ Fee: $650
Rebates and non-cash credits: $966.61 (here is the $750 Toyota lease cash)
Gross Cap Cost: $23,925 (includes the $650 bank AQ fee)
Residual Value: $15,304 (59%)
MF: 0.00001 or 0.02%
Depreciation: $8,446
Rent Charge: $14 (thanks to the 0.00001 money factor!!)
Total Base Monthly Payments: $8,460
Due at lease inception: $0
Lease Payment.......: $235/mo. + sales tax = $254.04 for 35 more months
This deal took some time, effort, and luck. The dealer had quite a few SE models and wanted to move one. Hope this info helps!!!!!!
Sorry, I thought I had mentioned that it was an LE (its 4 cylinder). The steering and ride are very comfortable for me, I used to drive a 1999 Maxima SE and the Camry has WAY less road noise and a tighter turning circle (although I haven't looked that up, I am just basing it on my sense).
I'm getting ready to try on the Costco program price for an SE and see how that translates for an SE 2.5, but will most likely work it as far as the dealer can push it.
I really need 15K miles/month.
Can you clarify what the Toyota lease cash is, is it part of the current promotion, available in CA, etc?