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Comments
MSRP: don't know
Don't even know what I paid for it
MF: 0009 (i think)
$650 acq fee
15k miles
Owed $5500 on a beat up 03 Maxima w 150k on it. Figured its worth about 2500-3000.
35 payments of 370/mo
Looking at all these other deals I'm getting sick. Thy told us $350/mo before they saw my trade, then it was $390/mo w 1st and acq and 12k..I thought getting them down to 370 and adding all that stuff in was fair, not great, but fair considering my negative equity.
Please give me some perspective. I feel nauseous.
$24563
22063 Selling Price
$695 Bank Fee
.007 Money Factor
15595 Residual
7% Sales Tax
1000 College Grad Rebate
Total = $230 x 36 months 12K mile month ($0 up front) $350 Disposition fee
Looks really good Any comments on the numbers?
I'm betting you misstated the money factor as there is no way that it could be .007. It's more likely to be .0007. Looks like you may have a 0 missing.
John
rate = .0007 or 1.68%
Can you provide me with the latest MF and residual for a base AWD Rav4 My wife has one and I want to try and get a better deal than I got the last time. Thanks
Where do you get such a deal? I got a quote w/o the college rebate or the dispositon fee of $309 for basically the same numbers. I didn't take it but yours looks great!
I follow your posts and wanted to see if the following deal on a Rav4 is worth diving into. Thanks for your input.
Dealership: Broward County, FL
Series: RAV4
Model: Sport 4440 - 2WD Sport (4 Speed Auto)
Model Year: 2011
Transmission: 4 Speed Automatic
Exterior: Black Forest Pearl
Interior: Dark Charcoal Fabric
MSRP $25,518.00
Invoice $24,490.21
Sales Price $23,798.00
Lease #62706 tier 1 credit 740 + beacon score qualifier
39 months lease 12,000 miles a year $0 down
Monthly payment: $256 + tax ($271.00)
1st payment and tag due at signing.
Price includes (dealer installed bluetooth)
Money Factor 0.00100
Doc Fees $998
Acquisition Fee $695
Gap Coverage included
If 2 year Maintenance plan is included
Looking to close on a deal this week!!!
Thanks again.
Gross Capitalized Cost-$24,584.00
Down Pmt-$3200
Acquistion Fee-$650
Gap Insurance-$695(not sure if I even need this)
Mechanical Breakdown Protection-$791(not sure if I need this)
Residual Value-$15,192
Capitalized Cost Reduction-$1869.79
Total Monthly Payment-$316.60
What else should I list or with this information how does it look? Thanks for your time.
California, if that makes any difference.
Thanks.
Thank you.
As someone stated above Gap insurance is $7 a month through Toyota.
MSRP 23,345
Invoice 21,458
I wasnt able to get the actual Cost/Money Factors/residual information this is based on but as its a national toyota program I wouldnt imagine those vary too much ... The 199/month seems to be based on approximately the invoice price a 53% residual and a .0007 money factor.
One thing i've noticed is that Toyota seem to load up the origination/destination charges etc but what else am I missing or is this just quite a decent no haggle deal ?
thanks
Tony
thanks
mag
The $399 paid for GAP coverage is a rip-off and grossly excessive. As a rule of thumb, you can purchase GAP coverage from your insurance carrier for an annual premium of about 0.1% of the MSRP. In your case, this amounts to about $25 annually. The insurer simply adds a GAP rider to your automobile insurance policy.
FYI- Toyota does a few things that other finance captives don't do...
(1) Charge an excessive fee for optional GAP coverage. Most captives include GAP protection in their lease agreements.
(2) Charge a disposition fee.
(3) Exclude certain components of the MSRP for purposes of computing the residual value which means lower residual values triggering higher payments.
John
The Autoleasegeek
Why it's illegal for an insurance carrier to sell GAP coverage in NY is a mystery to me. It just doesn't make any sense. I would press further. Where does it say that it's illegal? Perhaps it's illegal for particular carriers (e.g., direct underwriting companies) to sell GAP for some unknown reason but, for other's, it's perfectly legal.
I'd examine the NY Code of Regulations and, then, call the NY Department of Insurance. You may want to check out these links...
http://www.ins.state.ny.us/ogco2008/rg080320.htm
http://www.01insurance.com/learn/gap-coverage-new-york-auto-insurance.html
These links suggest to me that it's not illegal to sell GAP in NY. Perhaps the good 'ole state of NY should make it illegal for Toyota, and others, to overcharge for GAP coverage. Assuming Toyota self insures their residuals, I'm betting that if the NY Insurance Commission required Toyota to file a statistically valid cost study, they would quickly discover that $7 per month for GAP is grossly usurious. Think about it... $84 per year in exchange for the risk of covering the amount by which the lease balance exceeds the value (ACV) of the vehicle in the event that the vehicle is totaled or stolen but never recovered. That is over reaching by any stretch. But, that's life in America the Great! It's all about money and GREED!
John
The Autoleasegeek
So far happy with car as well per lease amount paid even though I wish cabin noise was a little better....with 4 cylinder getting arounf 28+ MPG on Highway and probably around 18 around town which seems good for this size of vehicle. I also drive very soft with slow start ups and some coasting when possible. I would imagine people with lead feet will get very dissapointing local MPG.
15k, 36mth ?
thanks!
I just put a (refundable) deposit on lease terms and was wondering what you think, please??
2011 RAV4, AWD, 3rd row.
MSRP 25,874
Risidual value 16,121
36 months, 12K/mo
2000 down payment + car trade in (an old clunker)
219/mo.
NO acquisition fees, NO tax payments, NO other fees (all covered by trade-in)
I am ready to grab this deal, it took a lot of negotiating, but wanted to see what y'all thought? GOOD DEAL OR NOT????
Really appreciate any thoughts, thank you!
anna
closed the deal today :-)
Vehicle Price: 24,867.00
Market Discount: 2,259.00
Vehicle Selling Price: 22,608.00
Sales Tax: 1,454.79
Title, etc: 248.75
Dealer fee: 699.95
Rebates: 1000 grad school program, 500 customer loyalty
Cash Due at signing: 500
And per Toyota, they are absorbing the last two monthly payments of my current lease (although i haven't seen that in writing yet)
15k / mo - with 500 down is $264.00 / month
My main question is, the deal is for 2,000 down but with the grad school discount and customer loyalty, that's 1500 dollars they are "giving me"...that just doesn't seem fair. Any advice? I don't have the residual % or MF yet but credit is perfect
PS - Toyota's not "absorbing" the old lease payments; just excusing you from your contractual responsibility for them. Happens all the time, when they want to move the iron.
The down payment was $2000 upfront but the customer loyalty and grad program reduce it to $500.
Once we go in to finalize the sale, they will break out everything which I am sure will show any add ons or extra fees.
I forgot to mention that they are "waiving" the first payment by pushing it back to the end of the month. I know that leases are normally first payment due when you buy but it appears they can push it back? Anything fishy about that?
In regards to the GAP insurance, I am out of Florida...should I get a quote through the insurance first or is it better to stick with the dealer?
Thanks,
Thanks.
Thanks!
Term is 36 months
Money Factor 0.00065
Selling Price is $22,257.00
Sales tax on lease is $483.84
Trade allowance is $3,000.00
Base Monthly Payment $215.10
Thanks Bob
Here are the details on the RAV
Retail Total
Vehicle Base Model ..........................:$ 22475.00 $ 22475.00
50 State Emissions .........................
Value Package (Savings of up to $540): ..... 150.00
includes 17-in. 5-Spoke Styled Steel .......
Wheels with P225/65R17 Tires and Full-Size .
Spare Tire on 17-in. Steel Wheel, Daytime ..
Running Lights (DRL), Roof Rack and ........
Privacy Glass (Rear Side, Quarter and Rear .
Door Windows) ..............................
Fabric-Trimmed 50/50 Split & Stow 3rd Row .. 940.00
Seat with Fold-Flat-Into-Floor Capability ..
and Height-Adjustable Headrests (Hill .....
Start Assist Control and Downhill Assist ...
Control included with 3rd Row Seats) .......
(Replaces 2nd Row Seat One-Touch Fold-Flat .
Levers and Rear Deck Cargo Foldable Deck ...
Board) .....................................
--------- ---------
Total Accessories ...........................: $ 1090.00 $ 1090.00
Destination Charge ..........................: $ 810.00
TDA .........................................:
Gasoline ....................................:
---------
Total .......................................: $ 24375.00
Buy-
MSRP 24, 537.00
- 400.00 (savings)
----------------------------------
24, 137.00
+ 2, 076.00 taxes (8.6%) LA
+ 250.00 (registration, title,etc.)
--------------------------------------------------
26,463.00 total
that with 60 mos. loan @ 2.99, $1000 college incentive and $2500 down, equals...
$409.89 a month for 5 years , with toyota care package for two years,3-5 year warranty, etc.
OR we could do a 36 mo. lease for $275 a month (including the money down and college incentive) and have the two years free oil changes care package, 3 yr. warranty, etc.
Do either of these sound like good deals? Also, they told us that they are only making $700 on the car at this price, and they can't quote lower because since it is almost a base model there is not much markup in the car. Does that sound truthful?
Thanks for your help!
I was able to get my 4 cyl Rav4 Sport all wheel drive down to about $24500 and my lease payment is only $270 a month wiht nothing down other than first month payment. $275 is too high if you are talking a base model and putting $2500 down.
Can you please help me with money factor and residual on the 11 Rav 4 base and sport models in zip 07052?
Thank you
Nicole
The numbers for the 2011 Sport 4WD model would be .00001 and 58%.
These residual values aren't as great as they initially appear though. Unlike most banks, TFS publishes residual value percentages only for base models. It places restrictions upon the options that can be residualized. Doing so makes its effective residual values lower than its published percentages initially appear and makes it difficult for individual consumers to work up lease payments on their own.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
4 WD Base Model 4 cylinder RAV4 with 3rd Row option
Dealer installed Leather Seats
Cap Cost: $26000
Money Factor: 0.00001
Residual Value: $15,411
Term: 36 Months
$332 per month for 15k miles per year
$319 for 12k miles per year.
Even though this would be considered a 0 down deal, the dealer stated that I would have to pay the bank fee ($650 plus tax, so $695), NJ taxes for lease period ($836), first month's payment and the NJ registration fee, so I guess I would be putting down around $2000.
The dealer told me that the invoice for the base model itself was $24k and with the 3rd row option it was more. The leather installation was another $2k and that they were making pretty much no money for this sale. I wasn't sure if that was accurate and wanted an opinion from an expert before finalizing anything. I was tempted to ask him to include the integrated bluetooth feature and offer the 2012 model instead for the above numbers.
I qualify for the top credit tier.
Please let me know what your suggestion on whether this is a good price or not.
Thanks for your help.
I was told that the 3rd row only comes with the Base 4WD model, so they can't install it on the Limited edition. I am not sure if this is something specific to the NY area, or whether Toyota just doesn't manufacturer a 3rd row on Limited. The second row can move back and forth, probably 6-10 inches with the 3rd row option.
Looking for 3yr/12k per year lease. I'm still deciding between this and the Highlander SE.
Thanks.
Wondering what people thing of the lease agreement I was just offered...
2012 Rav4 V6 Sport AWD. Model #4443A.
$4K down (Total out of pocket - inclusive of first month payment, all fees & taxes)
$249 per month including taxes, 36 Month Lease, 12K miles/year.
Residual value of $17,200 at the end of the lease.
Is this a good deal?