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Toyota Camry Solara, Coupe, Convertible
#290 of 309 Re: 2006 Solara SLE Convertible
Oct 13, 2005 (2:03 am)
Hi grandesaline. I'm glad that you have enjoyed reading my posts so much . I have never heard of anyone who lives in Southeast Toyota territory going outside of it to lease a new vehicle because they are so fed up with SET dealers (like I very likely would be), but I don't see why you wouldn't be able to do so. Unfortunately, SE Toyota dealers do not run leases through Toyota Financial Services, like other Toyota dealers do. SE Toyota has its own finance company that they use and I have not seen its current lease program for the car that you are interested in. Sorry that I could not be of more help.
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#291 of 309 Re: 2006 Solara SE [Car_man]
Mar 15, 2006 (5:37 am)
Do you know what the current lease money factor and the residual is on a Toyota Camry Solara 2dr. coupe SE 2.4L
4cycl 5A is.
#292 of 309 Re: 2006 Solara SE [john129]
Mar 23, 2006 (5:04 am)
Hi john129. This car's lease program varies depending upon which one of its twelve regions one is in. Right now, the most widely available lease money factor on it for leases through Toyota Financial Services is .00190 for up to 36 months for consumers who qualify for its Tier 1+ credit tier. The residual value for this car varies depending upon how long you lease it for and how many miles per year you are allowed to drive it. If you were to lease an '06 Solara Coupe SE through TFS right now for 36 months with 15,000 miles per year, its residual would be 52%.
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#293 of 309 SLE 4 cylinder
Apr 14, 2006 (1:48 pm)
Do you know what the current lease money factor and the residual is on a Toyota Camry Solara 2dr. coupe SLE 2.4L
4cycl 5A is. 36 months/15K
#294 of 309 Buy It, or Turn It In at Lease End
Jul 09, 2006 (4:09 am)
I am trying to decide if I should turn in my 2003 Solara SLE V6 or buy it at the residual price of around $14k. So the purchase price for me is around $12k. That DOES include tax, so effectively the purchase price comes to $11,300.
If I turn it in, I will be subject to about $2.4k of mileage (presently at 76k).
One of the unknowns for me is what else might they charge me for? How do I get to know BEFOREHAND what other "excess wear" they are going to charge me for?
In other words, if I knew that the $2.4k penalty for mileage was ALL that they were going to assess me, then I might very well turn the car in and purchase a new one. BUT, I'd hate to find out AFTER I turn the car in that they're now going to assess me even MORE for some other excess wear.
Per my lease agreement with CHASE, I am allowed up to $1,500 in "excess wear". I do have a 3-foot long scratch on the hood, and a (minor) indentation on the driver's door. A body shop wanted $1k to redo the door.
So,how can I find out exactly what they will assess me for turning the car in (aside from mileage) BEFORE I turn the car in?
#295 of 309 2007 Solara Convertable lease: residual value
Sep 06, 2006 (1:31 pm)
Dear Car Man and others who know!
I am in NY City and thinking about leasing 2007 Solara Convertable V6 for 36 months. Two questions, if I may.
First, from various forums it looks like not many people are leasing this car, mostly buying. Any reason why?
Second, what would be the residual value for the car?
Thank you very much in advance for your help.
#296 of 309 Please help!
Sep 14, 2006 (7:05 am)
Dear Car Man,
Could you be so kind as to answer my questions above (#8 re 2007 Solara lease). I really need the answers urgently.
#297 of 309 Re: 2007 Solara Convertable lease: residual value [anditer]
Dec 15, 2006 (2:39 am)
Hi anditer. the reason why most consumers are financing or paying cash for the Toyota Solara rather than leasing it is that Toyota has not been providing any sort of lease support on it. I can give you an idea of what this car's current residual value is, however it won't be very useful because it calculates lease payments differently than other banks. The residual value percentages that TFS publishes are for base models. It places restrictions upon what options can be residualized and caps on the ones that it allows. The system is so confusing that TFS provides dealers with a list of the actual dollar residual values of the vehicles that they have in inventory rather than having them calculate them themselves. For what it's worth, TFS current residual value for a 36 month lease of a 2007 Solara Convertible with 15,000 miles per year is 60%.
Prices Paid Forum
#298 of 309 Toyota Solara lease in Philadelphia
May 26, 2007 (7:20 pm)
Hi; I am planning to buy a Toyota Solara convertible in Philadelphia. The car dealer proposes and MSRP of 30K and a purchase price of 29K. I qualify for tier II with a downpayment of $4500. It's a 15K miles deal for 36 months. He's proposing a monthly payment of $450. Do you know what is the money factor and the residual value? I need those nbrs to see if this is a good deal. What do you think?
Thanks for your help
#299 of 309 Research more, then play the deal.
Jun 17, 2007 (5:16 pm)
horrible, 4500 down? thats really high for a down payment, and yet still be at 450, Should be a bit lower, I know that being in the 2 tier is a little more, but not that much. I would do what I did, have several dealerships email,fax the quote, and you choose the best one, get them to stir up competition. Tell them right off the bat you are 2nd tier. Tell them your willing to put 0 down, then, you see the raw deal without the downpayment, then, you can decide if you want to put more down to make the payment lower!! You get a better deal that way.Also for every thousand put down it takes off about 20-30dollars off your payment. Start simple, 0 down,2 tier lease deal, this isnt a bad deal at all, but you can probably do better. I called like 5 dealerships, and now their fighting for my business.