Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Enjoy the truck!
I live in Oklahoma and was recently quoted a Toyota Tundra Crewmax 5.7 4x4.
Details:
MSRP Base: $42,835
Installed Options: $1,890.00
Total: 44,725.00
Residual Value: 47%
Money Factor: .00265
Cap Cost: $33,163
Mileage: 12K per year
In Oklahoma we Pay Tax, Title, and License and they included it in the deal probably around $1300.
Quoted: 0 down $553/mo on 36 mo.
I figured it at around $480/mo. What did I do wrong? and is this a good deal for my region given this information.
Thanks
There cost they gave me was $ 42,163.
You have been a good "teacher" in the past but I still need your help.
I am trying to get one of these Tundra Limited 4x4
First choice VIN number 5TFBV58158X060301 ( MSRP $41520 )
Second choice VIN number 5TFBV58178X068271 ( MSRP $42140)
If you could run the numbers for a 36Month/15000 Miles lease tax rate 7.75%,
I will be greatful until the end of this year ))
One more question : can you ID a California dealer by this dealer number?
110-04066
Thank you!!!
I don't know which dealer that is, sorry.
I have the info and I'll run the numbers in the morning.
Hang tight for a few hours... I need to get some sleep.
MSRP: $41,520.00
Invoice: $37,699.00
Residual: $19,485 (47%)
Terms: 36 mo / 15k annual miles
MF: .00016-.00066 (ask your dealer what the buy rate for tier 1+ is in your region)
Incentives: $1000 Bonus Cash (compatible with leases)
If they capped the cost at invoice, then utilize the $1000 bonus cash as a down payment, with OC sales tax (7.75%), you'd be OTD for $524.91/mo.
Now, the dealer has another $775 in holdback, and $387 in wholesale financial reserve - basically, another $1162 of profit for you to work with. If they give you all of that + the $1000 lease cash, you'd be at $489.93/mo.
These lease figures assume a .00016 mf (if available in your region), and do NOT include TFS's acquisition fee of $550. This fee can be rolled in or paid as part of your inceptions.
In addition, this vehicle has an ad fee of $300 (TDA) and a gasoline charge of $10 on the factory invoice - just FYI.
Now, if you decide to purchase, the rebate is $5500, or 0% + $1000 Bonus Cash. If you took the rebate and if the dealer gave you all of his hb and wfr, you'd be almost net $10,500 off MSRP. Again, just FYI.
I'm tired... I'll run the numbers on Vehicle #2 in the morning.
=========================================================
For the second truck 5TFBV58178X068271 ( MSRP $42140) I will ask if he will add some options - stainless side steps, aluminum shift knob, sport pedals and exhaust tip -around $800
I think I should offer $510 out the door with $800 down and let's see what happens..
I have all day to make a decision so just take your time.
Thank you again
MSRP: $42,140.00
Invoice: $38,353.00
Residual: $19,610 (47%)
Terms: 36 mo / 15k annual miles
MF: .00016-.00066 (ask your dealer what the buy rate for tier 1+ is in your region)
Incentives: $1000 Bonus Cash (compatible with leases)
If they capped the cost at invoice, then utilize the $1000 bonus cash as a down payment, with OC sales tax (7.75%), you'd be OTD for $540.88/mo.
Now, the dealer has another $775 in holdback, and $387 in wholesale financial reserve - basically, another $1172 of profit for you to work with. If they give you all of that + the $1000 lease cash, you'd be at $505.60/mo.
These lease figures assume a .00016 mf (if available in your region), and do NOT include TFS's acquisition fee of $550. This fee can be rolled in or paid as part of your inceptions. If by chance the money factor being utilized in this region is .00060, your payment would be $567.89 and $532.05 respectively, depending on a cap cost of invoice, or invoice less $1172 (hb, wfr, gas).
In addition, this vehicle has an ad fee of $400 (TDA) and a gasoline charge of $10 on the factory invoice - just FYI.
Toyota lease rates are hard to keep track of as they vary quite a bit by region, but either way, as long as they fall within the range I gave you, from an apr perspective, you're still making out with either 0.38% or 1.44% - both very low!
As for the add on's, not sure how much, if any of that stuff can be residulized.
Good luck and keep us posted!
-DEALER NUMBER : 04018 DEALER NAME: CLAREMONT TOYOTA
-DEALER NUMBER : 04066 DEALER NAME: DCH TOYOTA OF OXNARD
I just pulled out a $51000 BMW for 604/mo with $1800 down with same lease terms so I refuse to pay almost the same for this $42000 truck.
I offered them $510 pls tax and $1000 down and no way ....
I cannot locate another truck with same color and specs so it looks that I will wait for the 2009 models. I am tired of this BS.
Thank you for all your help ...
http://www.toyotadealerresponse.com/results.aspx
If you want to know where your truck really is when a dealer is locating it for you just make a note of the actual dealer code when you look on the papers they present you and you might have another chance to work out a price instead of taking the offer from the dealer you are at ...
I just checked my e-mail and got another offer from sales guy at 548.44 with 1200 down.
Now this gets closer to what you were saying but they managed to screw up my day and I did not answer yet. What do you think about this offer?
Should I push back with what you were saying? Cap the cost at invoice, then utilize the $1000 bonus cash as a down payment, tax (7.75%), OTD for $540.88/mo.
I will sleep on it ...
Which truck are we dealin' with? If you're talking about #1 ($41,520), If they cap the cost/sell you the vehicle at invoice ($37,699), then add in the $550 acquisition fee, and utilize the bonus cash as a down payment, you're otd for $541.47/mo. Only thing due upfront should be 1st month payment + dmv's.
Vehicle # 2:
MSRP: $42,140.00
Invoice: $38,353.00
Residual: $19,610 (47%)
Terms: 36 mo / 15k annual miles
MF: .00016
At this point I do not know what they want to use the $1200 for .... but something is still not right ....
One tip... they just ended their month on a busy holiday weekend which is why they might not have been very aggressive - now they have another 30 days of optimism. You don't want to be anywhere near a car dealer over the weekends and especially on holidays.
Hit me back if you need anymore advice, or shoot me an e-mail if you would like to see the factory invoice.
I called offering $570 and $1000 down but they did not confirm over the phone if they would agree or not and asked me to go there.
I was too pissed so I decided to give up.
BTW ... I sent you an e-mail ...
Probably this week I will look into a CrewMax because finding the color and options I want are hard to find in Double Cab ... not many left on the market.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
1. When getting a lease what is the best method to obtain the lowest monthly payment without a large down payment?
2. Do i have to return the leased vehicle to the same dealership?
3. How will the mileage apply if i turn in the truck mid lease?
To all those who respond thank you for your time and insight. All help will be greatly appreciated.
CW2 Brad
Mosul, Iraq
Second, I believe that the SSCRA provides you the ability to end a lease early, but only if you entered into that lease and made at least one payment prior to active duty.
I would suggest looking at something like leasetrader.com to find someone with a Tundra who wants to get out of their lease early. You can take over their lease payments and turn it in at the end of the scheduled lease term. Check the fine print closely before agreeing to anything.
Good luck.
Ben
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The problem with the residual value that I mentioned is that it is for base models. TFS places restrictions upon what options can be residualized, making it difficult for consumers to calculate sample payments on specific models on their own.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I'm looking to lease either a 4WD Tundra Double cab 4.6 V8, or a 5.7 V8 depending on the residual values of a 36 month 12,000 mile lease. I know the current money factor is .00005, but I'm having trouble finding the residuals. Can you help me out?
I am considering leasing a Tundra. My region is Arizona and Toyota lists a model 8331 (Dbl cab, 4WD, 5.7 engine) for $359 per month with $2999 down. The downpayment (or cap cost reduction) breaks down as follows: $2640 down plus first months payment and no security. The dealer was indicating a bank fee of $695, but the Toyota website makes no mention of a bank or acquisition fee. Is there such a fee, or was the dealer trying to rip me off?
The problem with this residual value is that TFS only publishes residual values for base models. It places restrictions upon what options can be residualized, making its real world residual values lower than its published percentages appear. This also makes it difficult for individual consumers to work up sample payments on their own.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thinking about switching from a Ram to a Tundra but want to make sure I am getting a good deal.
2012 Tundra double cab
TRD Package
SR5 Package
Remote Start and Alarm
Backup camera
MSRP - 38700
They are offering me a 3 year lease of $325 a month and a $19600 option to buy at the end which breaks down to:
$34600 for the truck
$5000 trade in for my 04 hemi
$2000 down payment
I just want to make sure I am not getting worked over.
Thanks everyone!!
I am looking at a couple Crew Max Tundra specials, and I was hoping you could tell me the current money factor and residuals on a Crew Max (if the model makes a difference) at either 10,000 or 12,000 miles per year.
I've been trying to reverse engineer one of their current offers, but I want to have better than a ballpark when I start to negotiate.
Thanks in advance!
Mike
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
.00012 MF and 70% residual
.00048 MF and 60% residual..
No clue on whether those rates will be good in Indiana, though.. we have very limited Toyota information.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Also, do you know if they offer higher mileage? 17 or 18k? Does that affect the residual a lot? Thank you!
I can't guarantee these numbers are good in your area, but in some areas of the country, it's .00048 MF and 70% residual.
For over 15K/yr, you'll probably have to pay upfront or reduce the residual on a per/mile basis ($0.10-$0.20 per mile, most likely)
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
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
Showing .00125 MF in most areas of the country, but not positive that is specific to NJ.
No info for 2014 models
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
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
I see there is a special lease in my area for a 2015 TUNDRA MODEL 8340, MSRP $34,640. Is this lease subject to different money factor and residual than if I would lease another model?
I don't need many miles per year I have another car. So, 10, 12, or 15 will suffice. If the 10 is cheaper for some reason I would probably go with less.
Tundra MF seems to be .00125, regardless of trim or configuration.
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
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
Yes, the cap cost is negotiable; advertised deals are just "OK" at best and with some shrewd haggling, you should be able to beat those numbers.
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