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Prices Paid: Buying & Leasing Experiences Toyota Camry Prices Paid and Buying Experience
7924 messages, Last post on Dec 05, 2009 at 9:54 AM
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Replying to: johnk8 (May 23, 2009 3:18 pm) |
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Replying to: mikeflem (May 26, 2009 5:33 pm)
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Hi, I leased a '07 Camry SE in June 2006 for 48 mths w/ 15K per yr. I am within 5K miles of the limit even though I have one more year to go on the lease. I want to lease another Camry when this one is finished, but wanted to see what people out there thought. What should I do? I don't want to pay the overage in mileage. I checked w my local dealer and they didn't want to do anything, basically they just took the remaining payments I have left and priced it out in addition to a lease pymt w a new Camry and it was well over $600/mth. Anyone have any suggestions??? |
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Replying to: jhdo4e (May 28, 2009 9:23 am) Take the 5 months of lease charges x 300 per month (an assumed old lease charge) = 1500 of money that is getting dumped into the new lease as extra cost. That 1500 ought to be in the neighborhood of an extra 40-50 per month (assuming 36 months at 10% interest). So that means they are charging you 550 per month for you new camry, which is crazy outrageous. You better ask them to break down the cost of that lease so you can see the details. - You know the MSRP of the vehicle, find out the 'cost' of the vehicle (should be somewhere around invoice). - Understand how much of an additional rebate there is. - Understand their assumed residual value of the vehicle that they are using in the caclulation, and compare that to what residual % norms are for that year and make and model. - From a down and dirty perspective, The cost, minus the rebate, minus the residual, plus the loan/lease origination fees, is the amount that you have to finance over the new 3 year lease. Ask them for the interest rate they are charging you on the lease, and you can calculate with a financial calculator what the lease payment should be. - Find another leasing bank, for competitive pricing. - Find another dealer You're paying Lexus like lease payments for a Toyota.
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Replying to: kiawah (May 28, 2009 11:47 am) |
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Replying to: kiawah (May 28, 2009 11:47 am) I think it should be 12 months x 300 = 3600.
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Replying to: gooddeal2 (May 28, 2009 3:29 pm) Only got 2 hours of sleep last night, should go to sleep. Somehow I misread that and thought he said he had 5 months of lease remaining. You are correct, with 12 months of lease charges remaining, that's 12 months x whatever the monthly lease charges are (assumed for illustrative purposes to be 300 / month). $3600 rolled into a new lease, would be in the neighborhood of about 115 per month (assumed 10% interest), of the proposed 600 per month new lease. These are only rough estimates, don't know what the interest rate they're charging you is, nor know what the old monthly lease charges are, or whether there are any other charges buried into the contract language. |
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Replying to: 1lpn (May 24, 2009 4:02 pm) I was really excited to find a 2010 Toyota Camry 3.5L Automatic LE V62010 Toyota Camry 3.5L Automatic LE V6 trim in Classic Silver Metallic brand nes for only $25,570!!! That's just about $1500 more than you paid for a 2009 just a few days ago... I think this sounds like a pretty sweet deal.
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At World Toyota in Atlanta, Georgia, we just bought a 2009 Camry Hybrid with Nav, leather, sunroof, black exterior. Window sticker was $32,128, Invoice was $29,717, and we paid $26,000. We had a good experience at World Toyota too. This was not the case at another Toyota dealer in North Atlanta. |
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Replying to: bfreeman333 (May 29, 2009 10:09 pm) |
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