2017 Toyota Corolla Lease Deals and Prices

MichaellMichaell ColoradoModerator Posts: 209,580
edited September 2017 in Toyota
Ask your 2017 Corolla lease questions here! Get info about prices, money factor, deals, incentives, and payments.

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  • nickbennickben Member Posts: 43
    Hi, can you provide residual/MF for 2017 Corolla XLE - best term/mileage for residual. Located in Pittsburgh, PA area. Thanks!
  • MichaellMichaell ColoradoModerator Posts: 209,580
    nickben said:

    Hi, can you provide residual/MF for 2017 Corolla XLE - best term/mileage for residual. Located in Pittsburgh, PA area. Thanks!

    57% and .00136 for 36/15

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  • nickbennickben Member Posts: 43
    Michaell said:

    nickben said:

    Hi, can you provide residual/MF for 2017 Corolla XLE - best term/mileage for residual. Located in Pittsburgh, PA area. Thanks!

    57% and .00136 for 36/15
    Thank you - can you provide the residual/MF for 12k miles per year?
  • MichaellMichaell ColoradoModerator Posts: 209,580
    nickben said:

    Michaell said:

    nickben said:

    Hi, can you provide residual/MF for 2017 Corolla XLE - best term/mileage for residual. Located in Pittsburgh, PA area. Thanks!

    57% and .00136 for 36/15
    Thank you - can you provide the residual/MF for 12k miles per year?
    Add 2% to the residual

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  • nickbennickben Member Posts: 43
    Michaell said:

    nickben said:

    Michaell said:

    nickben said:

    Hi, can you provide residual/MF for 2017 Corolla XLE - best term/mileage for residual. Located in Pittsburgh, PA area. Thanks!

    57% and .00136 for 36/15
    Thank you - can you provide the residual/MF for 12k miles per year?
    Add 2% to the residual
    Thanks! Can you also provide the residuals for 36 months/12K miles for the LE and SE models? Much appreciated!
  • MichaellMichaell ColoradoModerator Posts: 209,580
    nickben said:

    Michaell said:

    nickben said:

    Michaell said:

    nickben said:

    Hi, can you provide residual/MF for 2017 Corolla XLE - best term/mileage for residual. Located in Pittsburgh, PA area. Thanks!

    57% and .00136 for 36/15
    Thank you - can you provide the residual/MF for 12k miles per year?
    Add 2% to the residual
    Thanks! Can you also provide the residuals for 36 months/12K miles for the LE and SE models? Much appreciated!
    63% LE and 65% SE

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  • martianradiomartianradio Member Posts: 13
    Hello, looking for MF/residual/lease cash for 2017 toyota corolla LE in Colorado. credit score range from 724 - 740. I assume that is tier 1? Thanks in advance.
  • martianradiomartianradio Member Posts: 13
    Forgot to mention... 36mo/10k.
  • MichaellMichaell ColoradoModerator Posts: 209,580

    Hello, looking for MF/residual/lease cash for 2017 toyota corolla LE in Colorado. credit score range from 724 - 740. I assume that is tier 1? Thanks in advance.

    What lease term and how many miles per year?

    Yes, your scores qualify you for tier 1

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  • martianradiomartianradio Member Posts: 13
    36 month / 10k per year. Thanks!
  • MichaellMichaell ColoradoModerator Posts: 209,580
    Michaell said:

    Hello, looking for MF/residual/lease cash for 2017 toyota corolla LE in Colorado. credit score range from 724 - 740. I assume that is tier 1? Thanks in advance.

    What lease term and how many miles per year?

    Yes, your scores qualify you for tier 1

    36 month / 10k per year. Thanks!

    Toyota doesn't offer 10K lease terms; 36/12 numbers are 61% residual. No specific MF for Colorado, I see a range of .00075 to .00118

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  • martianradiomartianradio Member Posts: 13
    Thanks! So does a range from .00075 to .00118 mean that a given dealer can choose a higher rate to increase their profit while another dealer may go with a lower rate? Or would there be some sort of guideline where dealers would generally offer a given customer an identical or very similar rate? I talked to a couple of dealers today and they both quoted the .00118 number.
  • kyfdxkyfdx Moderator Posts: 210,101

    Thanks! So does a range from .00075 to .00118 mean that a given dealer can choose a higher rate to increase their profit while another dealer may go with a lower rate? Or would there be some sort of guideline where dealers would generally offer a given customer an identical or very similar rate? I talked to a couple of dealers today and they both quoted the .00118 number.

    No.. it just means that we don't have the specific numbers for Colorado, and the other figures are from other regions.

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  • eddieflasheddieflash Member Posts: 12
    MF/Residual on a 2017 LE 24 and 36 months...12K per year
  • kyfdxkyfdx Moderator Posts: 210,101

    MF/Residual on a 2017 LE 24 and 36 months...12K per year

    What location?

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  • eddieflasheddieflash Member Posts: 12
    Here is the deal I got in RI:

    MSRP: 20,024
    Gross Cap: 18,567 (Sale Price 17,518 + 399 Doc Fee + 650 Bank Fee)
    Net Cap: 17, 817 (after 750 rebate)
    Residual: 12,615 (36 month 12K/yr)
    Rent Charge: 821 (not sure what the MF was)
    Monthly Payment: 179 (11 of tax included)
  • MichaellMichaell ColoradoModerator Posts: 209,580

    Here is the deal I got in RI:

    MSRP: 20,024
    Gross Cap: 18,567 (Sale Price 17,518 + 399 Doc Fee + 650 Bank Fee)
    Net Cap: 17, 817 (after 750 rebate)
    Residual: 12,615 (36 month 12K/yr)
    Rent Charge: 821 (not sure what the MF was)
    Monthly Payment: 179 (11 of tax included)

    Solid deal - congrats!

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  • kardon1kardon1 Member Posts: 40
    could i get corolla S ans LE numbers for 24/12 and 36/12. AZ or CA
  • lazywarriorlazywarrior Member Posts: 4
    Good morning everyone. May i have the lease numbers for a '17 corolla le for and 36/12 and if available, 36/15 for south flrorida? Also, any lease cash bonuses ect? 
  • MichaellMichaell ColoradoModerator Posts: 209,580
    kardon1 said:

    could i get corolla S ans LE numbers for 24/12 and 36/12. AZ or CA

    2017
    I don't see an S trim level for 2017
    LE - 69% / 63% and .00148

    2016 discussion is here:
    https://forums.edmunds.com/discussion/37926/toyota/corolla/2016-toyota-corolla-lease-questions#latest

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  • MichaellMichaell ColoradoModerator Posts: 209,580

    Good morning everyone. May i have the lease numbers for a '17 corolla le for and 36/12 and if available, 36/15 for south flrorida? Also, any lease cash bonuses ect? 

    Sorry, we don't have any reliable lease information for Southeast Toyota.

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  • kardon1kardon1 Member Posts: 40
    Michaell said:

    kardon1 said:

    could i get corolla S ans LE numbers for 24/12 and 36/12. AZ or CA

    2017
    I don't see an S trim level for 2017
    LE - 69% / 63% and .00148

    2016 discussion is here:
    https://forums.edmunds.com/discussion/37926/toyota/corolla/2016-toyota-corolla-lease-questions#latest
    Sorry SE
  • MichaellMichaell ColoradoModerator Posts: 209,580
    kardon1 said:

    Michaell said:

    kardon1 said:

    could i get corolla S ans LE numbers for 24/12 and 36/12. AZ or CA

    2017
    I don't see an S trim level for 2017
    LE - 69% / 63% and .00148

    2016 discussion is here:
    https://forums.edmunds.com/discussion/37926/toyota/corolla/2016-toyota-corolla-lease-questions#latest
    Sorry SE
    71% / 65% for SE

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  • willow55willow55 Member Posts: 1
    Hi ! I was hoping you could provide MF/Residual & any cash available for Boston ,MA area ? I am looking at the following trims SE & XLE 36/12 & 36/15. Thank you for your help !
  • kyfdxkyfdx Moderator Posts: 210,101
    willow55 said:

    Hi ! I was hoping you could provide MF/Residual & any cash available for Boston ,MA area ? I am looking at the following trims SE & XLE 36/12 & 36/15. Thank you for your help !

    .00090 MF and 62%/56% residual for SE/XLE for 36/15.
    $1000 lease cash
    Add 2% for 12K/yr

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  • dieseldan9dieseldan9 Member Posts: 19
    Hello and thank you for all your help with answering all of our questions.

    Wondering the MF and Res for the following vehicle.

    I am in Boston Mass area.

    2017 50th anniversary Special Edition Toyota Carolla
    24 months/12,000 miles a year
    Tier 2 credit
    Thanx
  • kyfdxkyfdx Moderator Posts: 210,101

    Hello and thank you for all your help with answering all of our questions.

    Wondering the MF and Res for the following vehicle.

    I am in Boston Mass area.

    2017 50th anniversary Special Edition Toyota Carolla
    24 months/12,000 miles a year
    Tier 2 credit
    Thanx

    68% residual
    .00145 MF for Tier 2
    $1000 lease cash

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  • ronk2659ronk2659 Member Posts: 5
    Hello. great forum!
    I was quoted for a 2017 corrolla XSE lease the following
    24 mos
    resid-67%
    cap cost 21,000
    mf .00075
    12k per year
    sounds very competitive to me and wondering what you thought?
  • kyfdxkyfdx Moderator Posts: 210,101
    ronk2659 said:

    Hello. great forum!
    I was quoted for a 2017 corrolla XSE lease the following
    24 mos
    resid-67%
    cap cost 21,000
    mf .00075
    12k per year
    sounds very competitive to me and wondering what you thought?

    We show 66% residual, but I'll defer to the dealer.

    The 36 month residual is just 6% lower.. would make for a much lower payment.

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  • mtinwashdcmtinwashdc Member Posts: 4
    edited January 2017
    For a 2017 Corolla XSE in Maryland, I'm being quoted:

    Capitalized cost of $21,593
    (Includes $1000 lease rebate)
    MSRP of $24,529
    Residual of $14,333 -- i.e. 58.4% of MSRP
    Money Factor (Tier 1+): 0.00144
    36 months
    15,000 miles per year

    Is this a good deal?
    Is the money factor really that high for Tier 1+ credit these days? In 2014, I received 0.00042.
  • MichaellMichaell ColoradoModerator Posts: 209,580

    For a 2017 Corolla XSE in Maryland, I'm being quoted:

    Capitalized cost of $21,593
    (Includes $1000 lease rebate)
    MSRP of $24,529
    Residual of $14,333 -- i.e. 58.4% of MSRP
    Money Factor (Tier 1+): 0.00144
    36 months
    15,000 miles per year

    Is this a good deal?
    Is the money factor really that high for Tier 1+ credit these days? In 2014, I received 0.00042.

    I show 59% for the XSE - residuals are not fractional numbers, and cannot be modified by the dealer.

    While I don't have the Central Atlantic Toyota numbers, I do see .00144 as the MF in other regions.

    The Corolla is getting popular, and Toyota recognizes that with the higher MF.

    Are you paying the taxes and fees up front, or are they part of the $21,xxx cap cost?

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  • andy187andy187 Member Posts: 26
    Hi, looking Lease Toyota Corolla in state of New Jersey

    LE / SE / SE Special Edition

    12,000 Miles Per Year
    36 Months

    MF
    Residual
    Fees (Bank + DMV + Doc Fees)

    Andy
  • MichaellMichaell ColoradoModerator Posts: 209,580
    andy187 said:

    Hi, looking Lease Toyota Corolla in state of New Jersey

    LE / SE / SE Special Edition

    12,000 Miles Per Year
    36 Months

    MF
    Residual
    Fees (Bank + DMV + Doc Fees)

    Andy

    LE 62%
    SE 64%
    SE Spec Ed 63%

    No specific MF for NJ, but I see them range between .00090 and .00144 in other regions

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  • lexscullylexscully Member Posts: 2
    Would you happen to have the money factor and residual for an XSE in Kentucky, Tier 2 or Tier 3?
  • kyfdxkyfdx Moderator Posts: 210,101
    lexscully said:

    Would you happen to have the money factor and residual for an XSE in Kentucky, Tier 2 or Tier 3?

    .00090 MF and 59% residual for Top tier.
    $1000 lease cash

    .00145 MF for Tier 2
    .00235 MF for Tier 3

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  • ronk2659ronk2659 Member Posts: 5
    I think I got a sweet deal

    2017 XSE
    3 years/12k
    zero down
    MSRP $24615
    CAP COST Includes Acquisition fee/reg fee/tax $20402
    Residual 61%
    MF .00075

    monthly Payment $176
  • MichaellMichaell ColoradoModerator Posts: 209,580
    ronk2659 said:
    I think I got a sweet deal 2017 XSE 3 years/12k zero down MSRP $24615 CAP COST Includes Acquisition fee/reg fee/tax $20402 Residual 61% MF .00075 monthly Payment $176
    Yes, very good deal. 

    Congrats and and thanks for sharing!

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  • pabzakipabzaki Member Posts: 3
    Hi,
    I am trying to lease Corolla LE in Delaware. Here's the quote I have
    36/12k miles. Residual-12415. Down-2k Monthly-$147. Is this a good deal? I don't have MF.

    Thanks
  • pabzakipabzaki Member Posts: 3
    ronk2659 said:

    I think I got a sweet deal

    2017 XSE
    3 years/12k
    zero down
    MSRP $24615
    CAP COST Includes Acquisition fee/reg fee/tax $20402
    Residual 61%
    MF .00075

    monthly Payment $176

    Hi..which state are you in?
  • kyfdxkyfdx Moderator Posts: 210,101
    pabzaki said:

    Hi,
    I am trying to lease Corolla LE in Delaware. Here's the quote I have
    36/12k miles. Residual-12415. Down-2k Monthly-$147. Is this a good deal? I don't have MF.

    Thanks

    What is the MSRP?
    $2000 upfront and $147/mo, is really about $199/mo, with just the first payment upfront.

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  • pabzakipabzaki Member Posts: 3
    kyfdx said:

    pabzaki said:

    Hi,
    I am trying to lease Corolla LE in Delaware. Here's the quote I have
    36/12k miles. Residual-12415. Down-2k Monthly-$147. Is this a good deal? I don't have MF.

    Thanks

    What is the MSRP?
    $2000 upfront and $147/mo, is really about $199/mo, with just the first payment upfront.
    MSRP-$20,042
  • kyfdxkyfdx Moderator Posts: 210,101
    pabzaki said:

    kyfdx said:

    pabzaki said:

    Hi,
    I am trying to lease Corolla LE in Delaware. Here's the quote I have
    36/12k miles. Residual-12415. Down-2k Monthly-$147. Is this a good deal? I don't have MF.

    Thanks

    What is the MSRP?
    $2000 upfront and $147/mo, is really about $199/mo, with just the first payment upfront.
    MSRP-$20,042
    To get to that payment, you need a CAP cost of about $16,500.
    That makes your selling price around $17,300, I think..

    That's not bad.. Don't feel like you need to put $2000 upfront. They just do that to make the payment seem lower. You should be able to pay $200 at signing, and keep your payment under $200/mo.

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  • ronk2659ronk2659 Member Posts: 5
    pabzaki said:

    ronk2659 said:

    I think I got a sweet deal

    2017 XSE
    3 years/12k
    zero down
    MSRP $24615
    CAP COST Includes Acquisition fee/reg fee/tax $20402
    Residual 61%
    MF .00075

    monthly Payment $176

    Hi..which state are you in?
    Rhode Island
  • lexscullylexscully Member Posts: 2
    So I don't think we got as great a deal as ronk2659, but I think we came out ok. We got two leases and our credit scores had dropped since we just closed on a mortgage and a line of credit. This is in KY. They put us in Tier 3 credit at first, but dropped us to Tier 2 when I was ready to walk and "run the numbers" myself. Hopefully in 3 years, our scores will be back up to Tier 1 rate.

    Both are 12k/36 months. We put $1,500 down on each, got $1000 lease cash and $1,500 down payment included first month payment.

    Hubby - Equifax 666
    SE 6MT - MSRP 23,241
    Gross Capt. Cost - 22,500
    Adj. Capt. Cost - 20,932.92
    Residual - 14,642.36
    Rent Charge - 1856.88 Money Factor - .00145
    Pmt = 226.32 + 13.58 (sales tax) = $239.90

    Me - Equifax 657
    SE - MSRP - 23069
    Gross Capt. Cost - 21,828.74
    Adj. Capt. Cost - 20,238.15
    Residual - 14,764.36
    Rent - 1,827.00 Money Factor - .00145
    Pmt = 202.80 + 12.17 (sales tax) = $214.97

  • MichaellMichaell ColoradoModerator Posts: 209,580
    lexscully said:

    So I don't think we got as great a deal as ronk2659, but I think we came out ok. We got two leases and our credit scores had dropped since we just closed on a mortgage and a line of credit. This is in KY. They put us in Tier 3 credit at first, but dropped us to Tier 2 when I was ready to walk and "run the numbers" myself. Hopefully in 3 years, our scores will be back up to Tier 1 rate.

    Both are 12k/36 months. We put $1,500 down on each, got $1000 lease cash and $1,500 down payment included first month payment.

    Hubby - Equifax 666
    SE 6MT - MSRP 23,241
    Gross Capt. Cost - 22,500
    Adj. Capt. Cost - 20,932.92
    Residual - 14,642.36
    Rent Charge - 1856.88 Money Factor - .00145
    Pmt = 226.32 + 13.58 (sales tax) = $239.90

    Me - Equifax 657
    SE - MSRP - 23069
    Gross Capt. Cost - 21,828.74
    Adj. Capt. Cost - 20,238.15
    Residual - 14,764.36
    Rent - 1,827.00 Money Factor - .00145
    Pmt = 202.80 + 12.17 (sales tax) = $214.97

    Congrats!

    Relative to MSRP, both deals look good.

    Enjoy your new Corolla(s) and we'll see you back in three years.

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  • jmbeebe0722jmbeebe0722 Member Posts: 20
    Can you post money factor and residual for the following in MO;

    36/12k Miles

    SE
    XLE
    XSE
  • MichaellMichaell ColoradoModerator Posts: 209,580

    Can you post money factor and residual for the following in MO;

    36/12k Miles

    SE
    XLE
    XSE

    SE 64%
    XLE 58%
    XSE 61%

    .00144 MF

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  • hitoninohitonino Member Posts: 41
    Could you please inform me about the Money Factor, Residual Value, and Cash lease incentive of 2017 Toyota Corolla LE in Reno, Nevada, for 36/12,000 lease?

    thank you
  • kyfdxkyfdx Moderator Posts: 210,101
    hitonino said:

    Could you please inform me about the Money Factor, Residual Value, and Cash lease incentive of 2017 Toyota Corolla LE in Reno, Nevada, for 36/12,000 lease?

    thank you

    .00119 MF and 62% residual
    $1000 lease cash

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  • vitopvitop Member Posts: 29
    Here is what I got in Seattle, WA for SE in Blue Crush:

    $20200
    -1500 rebate
    -1000 down payment
    residual $15147
    rate .00070

    + the insurance is $595

    $234.40 /month including taxes

    I think it's on a way higher side. What do you think?

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