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Toyota Camry Lease Questions
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Comments
MSRP- 26169
Cap- 22750
Residual- 15554
Doc fee- $55
Acq fee- $650
MF- .00001 (either this or the 750 cash in CA, not both).
Due at signing - $264 (first payment and $25 fee for 1 way permit back to NV)
Monthly payment - $239 including tax
Can you tell us what dealer it was?
It would be a pleasure to give business to dealers outside of OC and LA just to show them how much their bad deals suck!
I tried to work your deal w/SB Toyota since they had the car style I wanted:
SE 2.5L with the same options as yours.
They said the best they could do was $269/month including tax, with first month paid on lease signing.
I told them I wanted to match $239/month.
In your message above, you wrote your monthly payment was $239/month but you paid the first month of $264.
Is that a typo- did you get $264/month or $239/month?
At any rate, that is a great deal, Antonius. Nice job working that deal! Enjoy the new Camry SE.......it is a very nice ride.
Sorry the dealer I worked with couldn't get you another SE + Smart Key. I am really enjoying my new Camry SE with that Smart Key......it is pretty cool. My previous 2008 Acura TL Type-S ($39,000) didn't even have keyless start/entry!
When I called the dealers in SO Cal.......none would deal/talk to me, since I live in Nevada. So, I did my best here......and I am very, very happy with my deal.
In LEASE calculations, you need to provide way more info than just the monthly payment and interest charge. There would be no way to answer that question with what you provided.
thanks for clarifying the $264 that Antonius said he paid on signing.
I'm wondering if that was a cap reduction or was applied to his first month due and if the dealer kept the 35 payments structure intact or reverted to 36 payments of $329/month.
I am lined up for a very similar car/deal now and am expecting to close it tomorrow, but you never know how these dealers try to wrangle around at the last second.
I'll post once and IF I get the deal I discussed on my phone call today with the Redlands Toyota rep.
MSRP- 26169 (moonroof, JBL 6 disc changer/mp3/satellite/bluetooth, floor mats, bumper applique, sport pkg with homelink/auto dimming mirror)
Cap cost- 22748 for the car
Doc fee- 55
Acq fee- 650
Net cap cost- 23453 (NO cap reduction/down payment)
MF- .00001
Residual- 15554
Tax- 8.1%
Payment- 237.51/mo
First payment- 288 (237 1st mo+ 25 for a one way permit to NV + misc CA fees like tire disposal).
Plus 2 yr maintenance of course also. Almost had 4/55k maintenance because the finance guy typed it in as 4/55 and then saw it and fixed it, which I had not even noticed it.
Feel free to plug those into any lease calculator and you should get the same payment.
Easy as pie. I called the dealer in LV and told them the deal I was offered and they told me flat out to go to CA. The dealership in Redlands was great. I didn't get any add on sales pitches, no spray on paint protector, no lojack, nothing. Finance guy asked if I wanted GAP, offered it a couple of times, and that was it. No mistakes on the contract, nothing for me to change or correct. Great experience.
I'm heading out now to Redlands but I got a newbie.
I believe they'll match your deal for me but I need to know now if your first payment was a cap reduction or applied to your first month due.
Also if you pay 36 months or get 35 out of 36 w/Toyota paying 1 month as the current offer is.
Please LMK as I'm heading out.
thanks,
Here's the key : Does your $237 include the tax due or is that w/out tax.
I'd contact you but your email is private and we're not allowed to post email addresses?
that should tell.
Thanks, Antonius!!!!
Like you, I had a great experience at the dealer, getting the deal finalized was as easy as filling out a survey.
No hassles, beautiful dealership, nice people, incredible deal! What more could you ask for.
Thanks to Antonius and Edmunds forums for arming me with the knowledge and real world experience to make a great deal even better.
I love this car...
PS---Irvine Toyota shined me off and said if I could make this type of a deal to go elsewhere. They can keep their suckers who want to pay the price Toyota advertises without further negotiations and the others can drive a little bit to the east to make great deals.
My initial sales guy was DM, and he handed me off to another guy when I came in with the first initial C. Both were excellent.
I don't know why I was handed off to another sales guy after speaking to DM on the phone, but no complaints in their styles or the discussions.
Why do you think Redlands struck such aggressive deals compared to most other dealers?
Even San Bernardino T. was $30 more per month than Redlands.
I'm curious how Redlands offered such deals.
I'd go back in a heartbeat to them and would refer anyone who wants a deal to try them first.
Fletcher-Jones Toyota here in Las Vegas took REALLY good care of me and the whole experience was smooth-n-easy. No tricks, no sales pitches, even the finance guy had me out in 5min.......no pressure for add-ons. They even bought me out of my current lease (2 payments left on my Acura) and still did the deal! Overall, I give them a solid A. Total time at dealership from start to finish was 2hrs.
California is in a different Region according to Toyota, so each Region will have different promotions/offers/deals. I am VERY happy with my SE. The 4 hour drive EACH WAY to Californina and back wouldn't have made sense to me to save $5/mo on my lease. Plus, my SE has the Smart Key & SE Value pkg #1 which is exactly what I wanted.
Seriously, the 2011 Camry SE model is a fantastic car. For $235/mo + tax ($0 due at signing) I couldn't be happier! I cut my car payment in HALF from the Acura, and I don't even miss the Acura!
Perhaps our experiences at our respective dealers will encourage others in the vicinity to consider these places for their Toyotas.
I have been driving my SE around for the last 1.5 days and just love it.
This, coming from a guy who has a BMW 530i (selling it) which is really an incredible driving machine. However, to get into an upgraded Camry SE for a great price with no money down makes me happy at this point in time. I love the SE interior and free Sirius Radio for 3 months.
The gas mileage is probably a tiny bit better than my 530 but I'm looking forward to fueling up on the cheapest unleaded.
I didn't read the entire driver's manual yet, but I wonder if there's a break-in period to drive below a certain speed for the first 1500 miles or so...
I got a camry 6 cylinder XLE with an MSRP of $31900 for $309/month including the 6.75% tax, with no money down except 1st month payment. This was for 15,000 miles/year for 36 months.
It had the smart key/the value package with the heated leather, the floor mats/the rear bumper applique, plus an option I don't often see -- the remote start, which will come in handy in the winter in Ohio. I didn't negotiate much like I should have... oh well-- the dealer had the exact car in the color I wanted with the options I wanted, and couldn't find the same car any where else within 150 miles from what I saw in inventories.(I like the gold color mostly because I like the tan leather interior over the ash color, and getting a tan interior was limited).
If i had negotiated harder, the price would have been below $300/month I am sure. This was 3 weeks ago.
Any way, happy negotiating every one.
I'm sure others have paid much more, content to go with Toyota's stated promo.
IME, at some point, you've gone as far as you are going to, that's when the dealers tell me get lost, LOL!
Happened for the Glendale, Irvine and San Bernardino dealers I tried to squeeze the deal from.
Ended up in Redlands and knew this was as good as it gets.
I probably don't need to tell you this, but in my experiences buying/leasing cars here in Las Vegas (and I have done several leases) is that the dealers (in general) all want TOP DOLLAR for the cars and DO NOT want to deal. It might have to do with a market here that has little competition from dealer to dealer......we have 4 Toyota dealers (3 that wouldn't deal at all), 2 BMW dealers (both under same ownership), 2 Acura dealers (neither will deal), 1 Audi dealer, 1 Mercedes Benz dealer, 1 Lexus dealer, 1 Subaru dealer, 2 Infiniti dealers (under same ownership, but diff names), etc.......you get the point. Hard to "cross-shop" here in LV.
**In So Cal there is probably 20 Toyota dealers in a 45 minute driving range.
I emailed all 4 Toyota dealers here in Las Vegas. 3 of them basically just wouldn't deal at all (they wanted $290/mo and up for the same car I leased) and finally Fletcher-Jones Toyota saved me from driving to California to lease a Camry.
My Toyota dealer (FJ of Las Vegas) took my Acura TL Type-S that had 2 payments left (about $1,000) and still did the deal on the Camry SE that had SE Value pkg #1 + Smart Key (MSRP $25,990) for $235/mo + tax and $0 due at sign.
***I could have pushed them to $225/mo or $230/mo + tax, but I knew I was close to the "this is as good as it gets......take it or leave it". Besides, I am at a payment that is HALF (50% less even with sales tax) than my 2008 Acura TL Type-S and I don't owe Acura anything now!
By the way, I am really enjoying the Camry SE. The Super White color is really growing on me (this wasn't my 1st color choice) and it is BRIGHT WHITE. I got the windows tinted at 30%, and now it looks even better. I am looking into getting the TRD Camry Sport Shifter that is in the accessories section to add a little "spice" to the interior.......its like $50.
BTW, great deal on the Camry V6 XLE that was posted here. $309/mo and 15k miles a year is amazing. That car is probably as nice as a Lexus ES350!
Did you have to really work the deal to get this pricing, and do you have moonroof?
I'm wondering if they will adjust this for a limited time after driving off with the car and if you can get the miles for less than the $.15/mile rate due when the lease expires.
Your package sounds great, its like mine and like you, I needed to get into something fast so this deal was too good to pass.
I don't care so much anymore if I don't have the latest model, its like fashion trends anyway with industry hype to induce more sales.
I had initially considered the Sonata deal but in considering the choice, I thought Toyota was a more proven car model than the Sonata and I don't know or trust the local Hyundai dealers for service.
My last lease (Acura TL Type-S) had 20,500 miles on it after 34 months and I took 3 trips in it that were 1,000 miles each too.
I wasn't really looking at a Camry either, but I really liked the 2011 SE model when I saw them on the dealer lots. Once I found out about the 0.00001MF + $750 lease cash AND great residual, I went for it. I mean c'mon, $254/mo (including tax) for a 2011 car? Wow. I am happy!
I don't care about the latest/greatest/fashiony/hoopla either with cars. I have "been there and done that"......my last 3 cars were: Acura TL Type-S, BMW 328i, and Nissan 350Z.
Now, I am keeping my money and using it wisely......not wasting it on a vehicle that I barely drive and it sits more than I use it. I cut my monthly car payment in HALF (actually more than half) from the Acura, and I have a Camry SE that has pretty much the same "bells and whistles" the Acura did!
I believe Redland's quoted me around $495 for the 3 year lease term.
I thought my insurance co. would provide it as a simple add-on, but they increased my premium so I'm not staying with them.
It seems in shopping around, I can't find an insurer that offers the same coverage as Toyota Financial's gap insurance does.
Do I need this, given the low negotiated purchase price of $22,750, or should I forget about it?
If its needed, does anyone have insurance companies to refer that will write this into a new policy?
Geico, Liberty, State Farm and others don't carry it in CA.
GAP insurance is usually recommended during the the first 18-24 months on a lease. After that, you won't really need it (according to my insurance agent).
I use The Hartford and Traveller's for my HOME/AUTOS and they are GREAT! The GAP ins was $1.50/mo. thru The Hartford on my 2011 Camry SE.
**Not to mention, both these companies were MUCH less on premiums.
NEVER, EVER buy GAP ins thru the dealer. I learned this many years ago when leasing was first popular, and since then, I just add GAP ins for 2yrs then drop it.
**My dealer wanted $12/mo for GAP ins.
Did you use Hartford for auto or Traveller's for Auto?
Which for home?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The problem with these numbers is that TFS places restrictions upon what options can be residualized. This makes its real-world residuals lower than they initially appear and makes it difficult for consumers to calculate lease payments on vehicles on their own.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I have not heard anything specific about TFS' policy on this matter, but I have heard stories about other lessees being able to do so with other banks.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Please kindly provide the current MF and Residual Value based on the following:
1) 2011 Camry XLE V6 with MSRP $31,675
2) North California area;
3) 36 months;
4) 15,000 miles
5) Tier 1 credit
Thank you very much,
Poopy Monster
Great job on your lease.
I am also from the Phila area and thinking about getting a Camry.
Where did you lease your car?
Did the dealer give you a purchase price quote?
Thanks in advance!
I am in KY and looking to lease a Camry. How should I begin?
Want the cheapest car.
Thanks.
Could you please provide the 36 month 12,000 mi/yr money factor and residual for the 2011 Camry LE and XLE both with 4cyl.
Thanks
I'm going to the dealer today and was wondering if you can send me an e-mail. I spoke with Jaime and asked to get a deal similar to yours but said he would only do it if he knew exactly what car it was. Can you help? Thanks
Can anyone tell me for sure if the $750 incentive can be used with the special lease offer? There are some posts in this thread that say yes, and others say no...
Also, if you can, I'd appreciate Toyota's current lease parameters for
2011 Camry XLE V6, Pittsburgh region. 3 yr, 12k/yr
Thanks again.
- MSRP = $31,800 ($29,370 + $1,080 + $400 + $200 + $750 Destination)
- Selling Price = $27,888
- Money Factor = 0.00001
- Residual Value = 60%
- 36months with 15,000miles/year
- Sales Tax = 9.25%
- $0 down
- Drive Off = 1st Month + $418 DMV fees
- Took delivery a few days ago
Monthly Lease Payment = $315.96