Toyota Corolla LE: MF, RV + Incentives?

partyhatpartyhat Member Posts: 31
edited March 2020 in Toyota
Hi,

I plan on ending my lease a month early. I am scheduled to go in next weekend. I am also a recent graduate

Would you please provide me with the MF, RV, and any incentives on 2020 Toyota Corolla LE for 36/12k. Zip 07042 (New Jersey)

Thank you.

Comments

  • kyfdxkyfdx Moderator Posts: 212,197
    partyhat said:

    Hi,

    I plan on ending my lease a month early. I am scheduled to go in next weekend. I am also a recent graduate

    Would you please provide me with the MF, RV, and any incentives on 2020 Toyota Corolla LE for 36/12k. Zip 07042 (New Jersey)

    Thank you.

    .00130 MF and 58% residual
    $600 lease cash

    No info on grad

    Why end your lease early?

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  • partyhatpartyhat Member Posts: 31
    @kyfdx to avoid all the remaining maintenance fees I have to do. I’ve only kept up with the important stuff like oil changes, cabin/air filter, bought some new used tires with a 8-9 thread level, Alignment, and tire rotations. Kept this up since last year because Toyota only covers maintenance for 2 out of the 3 years of my lease.

    I’m at 29k miles. My lease ends April 22nd.

    Any advice? They’re telling me to get all this BS maintenance done. I was thinking of just ending early to avoid it all. Anyway I want to re lease.
  • partyhatpartyhat Member Posts: 31
    @kyfdx also what do you necessarily mean $600 lease cash?
  • MichaellMichaell ColoradoModerator Posts: 212,415
    partyhat said:

    @kyfdx to avoid all the remaining maintenance fees I have to do. I’ve only kept up with the important stuff like oil changes, cabin/air filter, bought some new used tires with a 8-9 thread level, Alignment, and tire rotations. Kept this up since last year because Toyota only covers maintenance for 2 out of the 3 years of my lease.

    I’m at 29k miles. My lease ends April 22nd.

    Any advice? They’re telling me to get all this BS maintenance done. I was thinking of just ending early to avoid it all. Anyway I want to re lease.

    You'll still have to make that last lease payment - either by keeping the car until the lease end, or having it added into the new lease, meaning you'll spread that last payment out over the next 36 months. For a car you aren't driving.

    What maintenance will a 3 year old Corolla need after 29,000 miles? And, how much is it expected to cost?

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  • MichaellMichaell ColoradoModerator Posts: 212,415
    partyhat said:

    @kyfdx also what do you necessarily mean $600 lease cash?

    $600 is a customer incentive, that works like a down payment.

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  • partyhatpartyhat Member Posts: 31
    @Michaell

    Thanks for the fast reply!
    And oh I see. I didn’t know that!

    They’re telling me to get a system flush, brakes are in the “yellow” (whatever the means), a “brake clean up” because there’s signs of rust accumulating, and another wheel alignment which I’ve already done from a outside mechanic.

    It all totals to about $500 at the dealership.
  • MichaellMichaell ColoradoModerator Posts: 212,415
    edited March 2020
    partyhat said:

    @Michaell

    Thanks for the fast reply!
    And oh I see. I didn’t know that!

    They’re telling me to get a system flush, brakes are in the “yellow” (whatever the means), a “brake clean up” because there’s signs of rust accumulating, and another wheel alignment which I’ve already done from a outside mechanic.

    It all totals to about $500 at the dealership.

    Yep, the "system flush" and "brake clean up" are attempts by the dealer to separate you from your money.

    Check the owners guide and see what the factory recommends for the 30K service, and ask the dealer to perform those items, only.

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  • partyhatpartyhat Member Posts: 31
    @Michaell

    Thank you so much Michael. Very helpful.
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