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Comments

  • leeshuckleeshuck Member Posts: 73
    Thanks again Car_man. I will look into a no capitalized cost reduction option - I believe the money factor changes to .00070 in that case.

    By the way, could a "security deposit" be considered the same thing as "capitalized reduction"?

    Thanks,

    Lee
  • mike1978mike1978 Member Posts: 1
    I'm looking to find out what I should expect to pay for a lease on this vehicle. I'm not sure of any current offers, but did hear I would get a better deal on the 04 then an 05.
  • leeshuckleeshuck Member Posts: 73
    After reviewing my notes, I believe the money factor increases from .00055 to .00070 only if I I waive the security deposit, which does not to appear to be a capitalized reduction.

    Thanks,

    Lee
  • jnagle2jnagle2 Member Posts: 2
    Car_man,

    Thanks for the response. The MSRP on the 2005 Altima 3.5 SE is 25,910.

    Basically, I am comparing the 2005 Altima 3.5SE with the 2005 Accord EX V-6 2dr Coupe 6spd (MSRP 26,800).
    The lease terms for both would be 36month, 15k miles, with zero down.

    Not sure which one to go for.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, gold233790. I my post I accidentally typed 2004, but that is the correct informaiton for the 2005 version of this car. Sorry for the confusion and good luck in your negotiations.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here is the informaiton that you are looking for, jkloss. If you were to lease a 2005 Dodge Magnum RT 2WD through Chrysler Financial right now for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00214 and 49%, respectively. The numbers for otherwise identical 39 and 48 month leases should be .00235 / 48% and .00305 / 42%. When negotiating your lease on this wagon, keep in mind that DaimlerChrysler is currently providing a $1,000 cash bonus for '05 Magnums that are financed or leased through Chrysler Financial. This money will help you to negotiate an attractive capitalized cost for your lease.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi again briegel. In order to give you an idea of what Toyota's current lease program is like on the 2005 Corolla, I need to know what sate you live in. This is because this car's lease money factor varies, depending upon which one of Toyota's twelve regions you are in.

    As far as the Mazda 3 goes, Mazda is not currently providing any sort of lease support on it. As a result if you were to lease one through Mazda's captive finance company, you would have to use its standard lease program, which I haven't seen recently. Most likely, you would be able lease this car for less through an independent bank than you would be able to through Mazda right now.

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  • briegelbriegel Member Posts: 139
    Sorry about that Car_man! We are in Washington State!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for the additional informaiton, islongisland . Let's work up a sample lease payment on this vehicle for you and see what we come up with. According to my calculations, if you were to lease a 2004 Nissan Murano AWD with an MSRP of $35,830 and a selling price of $34,644 through Nissan Motor Acceptance Corp. right now for 42 months with 12,000 miles per year, your zero down, pre-tax monthly lease payment should be right around $415. I calculated this payment based upon the assumption that you were not putting any money down because I always advise consumers against making down payments when leasing. I do so for two main reasons. The first is if this vehicle is stolen and never recovered or totaled in an accident during your lease, your insurance company pays off the bank that you are leasing it through and your down payment essentially disappears. The second reason is that down payments do not reduce the lease-end purchase prices of vehicles. So, your end of lease purchase option price would be exactly the same for this Murano, regardless of whether you had put $3,000 down, or had made no down payment at all. At lease signing, all you should have to pay are your vehicle's firs month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, NMAC's lease acquisition fee which is $795 in New York, and any required taxes.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Denverg35, Volkswagen has a very attractive lease program on the 2004 Phaeton right now. Before its recent enhancement to this car's lease program, consumers had to put over $3,500 down to arrive at the $699 monthly payment. Volkswagen is using $3,225 lease cash and a low lease money factor of .00030 (which is equivalent to an interest rate of less than one percent) to arrive at the payment that you mentioned in your post.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, cjsm. Let's work up a sample lease payment on this truck that we can compare to the one that you were quoted. According to my calculations, if you were to lease a 2005 Honda Pilot EX w/o navigation with an MSRP of $30,435 and a selling price of $29,400 through American Honda Finance Corp. right now for 42 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $350. I calculated this payment based upon the assumption that you were not putting any money down because I always advise consumers against making down payments when leasing. I do so for two main reasons. The first is if this vehicle is stolen and never recovered or totaled in an accident during your lease, your insurance company pays off the bank that you are leasing it through and your down payment essentially disappears. The second reason is that down payments do not reduce the lease-end purchase prices of vehicles. So, your end of lease purchase option price would be exactly the same for this Pilot, regardless of whether you had put $2,000 down, or had made no down payment at all. At lease signing, all you should have to pay are your vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, AHFC's lease acquisition fee which is $595 (higher than that in New York), and any required taxes.

    I am not intimately familiar with what the market is like for this truck right now, so you may want to stop by the Honda Pilot discussion that appears over in the "Prices Paid" section of the Edmunds.com forums to see what other community members are paying for this model right now.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    While ideally one should keep their vehicle's lease agreement, it is not a disaster if you don't have it, belle. In order to decide whether you should purchase your RL or not, you need to place a call to American Honda Finance Corp., or whichever bank you are currently leasing it through, to see exactly how much it will cost you to buy it. When you make this call, keep in mind that some banks are willing to negotiate the lease-end purchase prices of vehicles from time to time. If your initial contact there is not willing to work with you, you may be able to get better results by working your way up the ladder a rung. There certainly is no guarantee that they will be willing to negotiate with you, in fact more likely than not they won't, but you don't have anything to lose by asking. Once you know the exact cost of your car, do some research here at Edmunds.com to see if its purchase price is reasonable. Specifically, look it up in the Edmunds.com Used Vehicle Pricing section of this site. Also stop by the "Real World Trade-In Values" discussion that appears here in the Smart Shopper Forum. One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give others his opinion on the value of used vehicles. When making your final decision on whether to purchase this car or not, don't forget to take any excess mileage that you will owe if you turn your car in into account.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I would be more than happy to help you out, arewhyinoh. According to the latest information that I have seen, if you were to lease a 2004 Infiniti QX56 AWD through Infiniti Financial Services this month for 36 months with 15,000 miles per, its base lease money factor and residual value should be .00165 and 49%, respectively. The numbers for an otherwise identical 39 month lease of this truck should be .00165 and 51%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, Lee. A "capitalized cost reduction" is also known as a down payment. It is different than a security deposit. Cap cost reductions are used to lower the selling price of the vehicle that you are getting, which in turn reduces the amount of interest that you have to pay, and lowers your lease payment. The security deposit is just a fee that the bank that you are leasing through charges to make sure that you don't turn in your vehicle with excess mileage or excess wear and tear without paying for it. These charges are deducted from your security deposit before it is refunded to you at the end of your lease.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi mike1978. I would be more than happy to give you an idea of what it will cost you to lease this vehicle. However, in order for me to do so, I need some additional information from you first including the exact model that you want, how long you want to lease it for, how many miles per year you need to be able to drive it, an approximate MSRP, and selling price. Once I have this additional info I will let you know approximately what your lease payment should be.

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  • tapp01tapp01 Member Posts: 1
    I recently leased a 2005 Mitsubishi Endeavor LS. The car had 1846 miles on when it was leased. Is this considered a demo vehicle? If so what would be a good price for the lease?
  • patrickopatricko Member Posts: 2
    Car_man,

    I am interested in leasing a 2004 Infiniti G35x sedan in NY for 42 months / 10K miles per year. In Oct, a dealer quoted a residual of 57% and a money factor of 0.00162 through IFS. Are these amounts the same for Nov for the same terms? Also, do you know what the current dealer incentives are for a leased 2004? I've seen marketing assistance of $1,000 on this car, but I am not sure if this applies to a lease or only a purchase.

    Thanks in advance for your help.
  • sudiptasudipta Member Posts: 6
    Dear Car_man,

    I am planning on leasing 2005 Honda Odyssey EX-L.
    Can you let me know what should be a decent lease number for a 48 month lease, no money down, 15k miles per year. I am in NJ with 6% sales tax.

    The car MSRP is 30,810.00
    The dealer is willingto sell me for 29,810.00

    Thanks

    Sudipta

    P.S. My Credit Union is offering me $430.00 per month (no money down).
  • edward68edward68 Member Posts: 4
    Greetings Car Man,

    I am looking to lease a 2005 Mazda Tribute S AWD or a Tribute i AWD. Wayne Mazda (WayneNJ) offered the following deal which is way off base, but I'd like to understand the residual value on the above vehicles and the money factor.

    Also, Mazda is offering a $ 3000.00 incentive on their web site - does this also apply to leasing?

    Thanks much,
    Edward

    Options:
    Side Air Curtains
    Rear Bumper Step Plate
    Wheel Locks
    Package 2

    This Tribute for $27,260

    48 Months
    12k miles
    0 Money Down
    $ 389.00 per month
  • a64marca64marc Member Posts: 21
    carman- here's what I've been told- your thoughts or others?
    In California on an 05 s60 2.5t w/metallic paint, premium and sport packages msrp 34660- sell for 31350 on a 3 yr 10k mile lease at 57% residual and .00002 m/f or .5% interest- plus they'll eat/waive my current volvo lease disposition fee and some minimal damage costs- and total drive off (1st mo's plus dmv) is $684
    so plus 8.25 tax should make my payments $350 per month right?

    can you confirm these #'s and do you have m/f and resid. for 12k miles per year.
  • oliver9oliver9 Member Posts: 6
    Hi car_man,
    I've just checked the mbusa web site, it did not disclose the lease deal for '05 S430(....hmmmm must be very good deal...). I was originally looking to lease E500, but now tempted to trade up to S430.Do you happen to know the money factor and the residual % for 10K/yr 39 mos on 2005 S430?
    Your input is greatly appreciated.
  • denverg35denverg35 Member Posts: 54
    Thanks, Carman!

    I have been told that some dealers are actually leasing at less than the $699/mo---there is $10,000 in dealer cash currently available
  • CRJCRJ Member Posts: 15
    Hi,

    I was wondering if you could give me an idea of what my lease payment should be for a 2005 Infiniti G35x with the premium package and a spoiler? I have talked to the dealer and the MSRP is $37,250 ($36,660 without the spoiler). I am shooting for $1500 off MSRP, so the agreed price I'm looking at is $35,750. I am also looking at a term of 39 months with 12,000 miles per year and no downpayment. Do you know what the money factor and residual value should be? I am not sure if this makes a difference, but I am in upstate New York.

    MSRP = $37,250
    Agreed Price = $35,750
    Term = 39 Months
    Mileage = 12,000 miles/year
    Down Payment = $0
    Money Factor = ???
    Residual Value = ???
    Monthly Payment = ???

    Thank you for your time.
  • mnguy1mnguy1 Member Posts: 6
    Is it possible to be named on a lease contract for insurance policy reasons without being involved with a credit check?
  • isinghisingh Member Posts: 13
    Car Man:

    I've heard of some great specials for BMW 325 since there is a new model in the offing. What's the MF and Residual in San Jose, CA for a 325i for

    1. 10K/Yr 24 mths
    2. 10K/Yr 36 mths
    3. 10K/Yr 39 mths

    Thanks for the great service.
  • mazdax605mazdax605 Member Posts: 89
    Hello again Car_Man,

    A Friend of mine is interested in buying or leasing a chevy avalanche.He was wondering what the base money factor and residual for a 2004 avalanche 4WD.Do you know of any special lease deals on these vehicles?Would these be available with the smart lease from GM?How does the smart lease work?Thanks for your time.Oh yeah this is in Massachusetts.

    Chris
  • corralcorral Member Posts: 58
    Dear car guy, I can use a little help. I live in the san franisco bayarea and am looking to lease an x5 4.4. The dealers all are playing games. I have been Quoted 54% residual for 36 months 15K per year on a 2004 with a money factor of .0010.
    For a 2005 it is 58% and the story varies from .00120 to .00280. what is the real truth and is there somewhere outside this rich area I can get a good deal on this car. As i am wasting it for saftey not status. Also many dealers are running great leases on the 3.0 although not my favorite, does it have better money factor and residual than the 4.4?

    Thank You Very much for the input
  • chrism124chrism124 Member Posts: 134
    Car_man,

    Can you provide me with the current rates, being the m.f. and residual, for a 05 Acura RL. It would be based on 3 years and 15k per year. Also can you provide it based on a 39 month lease.

    Thanks in advance,
    Chris M
  • teebeeteebee Member Posts: 1
    Hi Car Man.

    Could you give me the numbers for the 2005 S4 sedan lease. I saw that Audi has a "special offer" @ $499/month with $1995 down. This seems like a too-good-to-be true offer! They mention in their add this payment for a certain sales price ($50,200) and with certain options. Can I still get the same MF, residual, etc on a car with different options? thanks
  • 64221306422130 Member Posts: 47
    do any of these still have lease support on 2004 models? i am looking up to 48 months and 15K
  • hpoohhhpoohh Member Posts: 35
    Hi Car_man,

    Seems like Mercedes is providing more aggressive program. May i know the residual and money factor for a 2005 C230K Sport Sedan for 39months 10k/yr? is it 61% and 0.00220? Are they offering any marketing support on leasing this car?

    Thank you
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, jnagle2. Let's work up a sample lease payment on this car for you and see what we come up with. According to my calculations, if you were to lease a 2005 Nissan Altima 3.5 SL with an MSRP of $25,910 and a selling price of $24,500 through Nissan Motor Acceptance Corp. this month for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be right around $376. One of the reasons why this car is so expensive is that Nissan is not currently providing any sort of lease support on the 3.5 SL, like it is on other Altima trim levels. Also, keep in mind that the selling prices of leased vehicles are negotiable, just as if you were paying cash for them. the lower the price you are able to negotiate, the lower your lease payment will be.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi tapp01. As long as this truck has never been titled, it would technically still be considered "new" even though it has almost 2,000 miles on it. I would be more than happy give you an idea of what sort of lease payment you should expect on this truck, but in order for me to do so, I need some additional informaiton from you first. How long did you lease it for, how many miles per year are you allowed to drive it, what is its full MSRP, and what was its selling price? Once I have this info I will be able to help you out.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Patricko, Infiniti's lease program for the 2004 G35 Sedan AWD is different in November than it was in October for some models, but in this case it is not. If you were to lease this car through Infiniti Financial Services right now for 42 months with 10,000 miles per year, its base lease money factor and residual value should still be .00162 and 57%. The $1,000 dealer cash that is available on the '04 G35 Sedan AWD is compatible with IFS' special lease program.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings sudipta. Thanks for providing such a detailed description of the lease that you are considering in your post. As it was for so long after the previous generation Odyssey was introduced, once again Honda is not currently providing any sort of support on this van. As a result, if you were to lease one through American Honda Finance Corp. at this time, you would have to use its standard lease program. According to my calculations, the zero down, pre-tax monthly payment for a 4 year, 15,000 miles per lease of a 2005 Honda Odyssey EX-L with an MSRP of $30,810 and a selling price of $29,810 should be around $431. Amazingly enough, if you can get the dealer that you are working with to lease you this car using AHFC's base program the payment would come out exactly the same as if you had leased it through your credit union.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello Edward. Let's take a look at the current lease programs for the models that you are considering. According to the latest informaiton that I have seen, if you were to lease a 2005 Mazda Tribute S AWD through its captive finance company for 42 months with 12,000 miles per year, its base lease money factor and residual value should be .00103 and 48%, respectively. The numbers for an otherwise identical lease of a 2005 Tribute i AWD should be .00103 and 45%. In addition to these low lease money factors, Mazda is providing a $1,000 cash allowance that may be used on leases of this truck. This money will help you to negotiate an attractive capitalized cost. The $3,000 customer cash that is available on the '05 Tribute can not be used in conjunction with this lease program. If you let me know these vehicles' full MSRPs and selling prices, I can work up sample lease payment on them using these programs so that you have an idea of what they will cost you to lease.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi there a64marc. Let's take a look at the lease program for the car that you are interested in. According to the latest informaiton that I have seen, Volvo Finance's current 3 year, 10,000 miles per base lease money factor and residual value for the 2005 Volvo S60 2.5T should be an attractive .00002 and 57%, respectively. The money factor for an otherwise identical 12,000 miles per year lease would be the same, but the residual value would drop to 56%. This is a good sign that the dealer that you are working with is being straightforward with you because it is right in line with what they told you. Using this lease program, an MSRP of $34,660 and a selling price of $31,350 I estimate that this car would have a 3 year, 10k zero down, pre-tax monthly payment of right around $323. The payment for an otherwise identical lease with 12,000 miles per year would increase to $333.

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  • kkukkkuk Member Posts: 4
    Thanks a bunch Carman. I admire your commitment to provide quality and extremely educated assistance to people like me.

    Just one more question on the lease. What money factor and residual value did you use for the calculation?

    Best regards,

    KK
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi oliver9. Let's see if we can give you an idea of what the lease program should be like on the car that you are interested in. According to the latest informaiton that I have seen, if you were to lease a 2005 Mercedes-Benz S430 through Mercedes-Benz Credit right now for 39 months with 10,000 miles per, its base lease money factor and residual value should be .00240 and 59%, respectively. This assumes that you qualify for MBC's top credit tier. When negotiating your lease on this car, keep in mind that Mercedes-Benz is providing $3,000 dealer cash on this car that is compatible with its lease program. This money will help you to negotiate an attractive capitalized cost.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Denverg35, there is probably enough of a margin between this car's full MSRP and the selling price that is used to arrive at the $699 advertised payment for dealers to lease it for less than that, however I do not believe that the $10,000 dealer cash that some dealers qualify for on this car is available in conjunction with VW Credit's special lease program.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi CRJ. Let's work up a sample lease payment on the car that you are interested in and see what we come up with. According to my calculations, if you were to lease a 2005 Infiniti G35 Sedan AWD with an MSRP of $37,250 and a selling price of $35,750 through Infiniti Financial Services right now for 39 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be right around $495. I used a money factor of .00215 and a residual value of 57% to arrive at this payment. The only difference between leasing this car in New York and doing so in the rest of the country is that IFS' required lease acquisition fee is increased from $550 to $795 in your state.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    This is an unusual question, mnguy1. I believe that all individuals that are listed on the lease contract for a vehicle would have to have their credit checked by the bank that the lease was being run through.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, isingh. BMW did indeed introduce some very attractive leases on its 2005 models this month. Here is the information that you are looking for. If you were to lease a 2005 BMW 325i through BMW Financial Services right now for 2 years with 10,000 miles per, its base lease money factor and residual value should be .00125 and 71%, respectively. the numbers for an otherwise identical 36 month lease of this car should be .00125 and 63%. I do not believe that BMW FS is offering a 39 month lease on this car at this time.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello again Chris. General Motors' lease program for the 2005 Chevrolet Avalanche is nothing to get excited about. If your friend was to lease one through General Motors Acceptance Corp. right now for 3 years with 15,000 miles per, its base lease rate and residual value should be 5.0% and 54%, respectively. As you can see, GMAC publishes what are known as lease rates instead of lease money factors for the vehicles that it leases. You can convert this lease rate into an approximate money factor equivalent by dividing it by 2400. This is the only difference between GMAC's SmartLease program and other banks' normal lease programs. You can use these numbers, along with the MSRP and selling price of the model that your friend wants to calculate a lease payment for this truck by using the formula that is outlined in the following article: Calculate Your Own Lease Payment

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Help is on the way, corral. The lease program that you were quoted to lease a 2004 BMW X5 4.4 through BMW FS (.00100 / 54%) is right on the money. BMW FS' base money factor and residual value for a 3 year, 15,000 miles per lease of a 2005 BMW X5 4.4 should currently be .00150 and 58%. The lease program on the 3.0L version of this truck is not any more attractive than it is on the 4.4, but the selling price of the 3.0 would be lower, resulting in a lower lease payment.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome in advance, Chris M, but I have a feeling that you won't be too thankful once you find out how expensive this car is to lease right now ;). The redesigned Acura RL is a fantastic car, but its price tag of almost $50,000 combined with dealers unwillingness to negotiate and an unsupported lease program make it very expensive to lease. If you were to lease a 2005 Acura RL through American Honda Finance Corp. right now for 36 months with 15,000 miles per, its base lease money factor and residual value should be .00245 and 56%, respectively. The numbers for an otherwise identical 39 month lease should be .00245 and 53%. Using these numbers and an MSRP and selling price of $49,470, I estimate that this car would have zero down, pre-tax monthly lease payments of $794 for 36 months and $782 for 39 months. Ouch.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi teebee. Audi has a very attractive lease program on most variants of the 2005 A4 right now because it is trying to help dealers sell them in advance of the completely redesigned 2005.5 version that will hit lots early next year. Audi Financial Services' lease program for the 2005 S4 will be the same, regardless of how you get it equipped. The only thing that will change if you equip this car differently than the one that was used to arrive at the sample lease payment that you saw is its selling price, which will have an impact upon your payment. AFS' current 39 month, 10,000 miles per year base lease money factor and residual value for this car are .00055 and 56%, respectively.

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  • briegelbriegel Member Posts: 139
    Hi Car_man! I think my question may have fallen thru the cracks so I'll repeat the original, including my location.

    "Hi again, Carman! My daughter is now interested in the Toyota Corolla S and LE 4-doors with automatic and the Mazda 3 4-door with automatic. Could you please give me the MF and residual numbers for these cars for a 36-month lease at 12,000 and 15,000 miles/yr? Thanks again for all your help!"

    This is in Washington State! Thanks!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello 6422130. The only one of the three models that you mentioned in your post that still has lease support available on it is the 2004 Nissan Quest SE. If you were to lease this van through Nissan Motor Acceptance Corp. right now for 4 years with 15,000 miles per, its base lease money factor and residual value should be .00199 and 40%, respectively. You may want to consider leasing this model for 42 months instead of 48 because its 42 month term has a more attractive lease program on it right now. NMAC's 42 month, 15,000 miles per base factor and residual for this model should be .00103 and 44%. When negotiating this van's capitalized cost, keep in mind that there is $1,000 lease cash on it this month.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're right, briegel. I think that you slipped in the message that contains the the state that you are in during one of my earlier posting barrages :). I believe that you live in Toyota's Portland region. In that part of the country, Toyota is currently providing 1.9% financing for up to 4 years and 2.9% for 5 years or $500 customer cash on the 2005 Corolla. I am not aware of any lease support on this car in the Portland region, but that does not necessarily mean that there isn't any. If there is no special money factors on it, then you would have to finance through Toyota Financial Services using its standard lease money factor of .00215. Its standard factor for consumers who have an outstanding credit score of over 730 or so would be a little lower and its factor for consumers whose credit scores are lower than 700 would be a little higher. TFS current 36 month, 15,000 miles per residual value for the 2005 Corolla is 52% and its 36 month, 12,000 miles per residual value for this car would be 54%.

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