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Toyota 4Runner, Car Leasing, SUV
#111 of 331 Just leased a 2006 4Runner for $317+ tax
Jun 21, 2006 (3:21 pm)
Just leased a 2006 4Runner for $317+tax ($336)per month. Basic 4Runner with 4wd SR5 sunroof yada yada yada...basic stuff. But no money down and $317/mo plus tax, 12k mi/year and 3 year lease. For anyone that needs a comparable to take to your local dealer this was done here in Indianapolis, In at Tom Wood Toyota. If anyone can beat this, it aint gonna be by much. Just thought I'd pass this one.
PS They wanted a credit score of 730 for this and I only had a 666 (maybe they thought I was the devil). They said I was a "tier 2" and I needed to be a tier 1 (credit rating of 730) but when I walked they bumped me up to tier 1.
#112 of 331 Just leased a 2006 4Runner V8 for $327 + tax
Jun 21, 2006 (3:36 pm)
Think I beat it (assuming you got the V6, galevin), but not by much at Evans Toyota in Ft Wayne, Indiana. $327/mo ($347/mo including 6% sales tax) for 15K miles/year, 3-year lease, $0 down, 1st mo + $100 TTL out-of-pocket, 4WD SR5 V8 with moonroof yada yada (sticker $34K). I already had Tier 1 credit score, so I was given the lowest money factor rate at .00001 (yes, 4 zeros and a 1 - basically 0%). Indiana seems to be the only state with this money factor rate at the moment. The residual was 60% of the stated base MSRP for the SR5 V8. I was pleased with the service and will definitely call them again in the fall for a new minivan for our family. $11/mo more for 15K miles/year and V8 seems like a pretty solid deal.
#113 of 331 bwoudenberg, you are GOD!
Jun 22, 2006 (4:12 pm)
Good job. I thought I beat the salesman to a pulp but I must agree, your deal is better. Amazing how there are 2 good deals here in Indiana. My deal above was for the V6. Anyone beat my V6 deal or bwoudenberg's V8 deal? If not, go and beat your dealer and have them at least match our deals (preferably the deal that bwoudenberg got).
#114 of 331 Re: bwoudenberg, you are GOD! [galevin]
Jun 22, 2006 (5:56 pm)
Thanks for the compliment galevin, but getting to that deal was the result of all the great information located on these forums from folks like you and Car_Man (and many others). A month ago I was looking at Pathfinders with 52% residuals and 3% finance rates and thought that was the way to go! You all showed me a far better deal could be had with the 4Runner.
Some of it was a bit of luck too - I sort've stumbled into the fact that IN had the low money factor rates. One thing I can't stress enough (notes from Car_Man's sermons!) - make sure every number is accounted for and can be matched via your own financial calculator or online lease calculator. In my past experiences (5 other leases), I find dealer's to be very suspiciously secretive about their lease payment calculations. If they can't reconcile their numbers to mine clearly, I walk.
Your success and mine are great examples of the value of this forum. By contributing back, hopefully we're giving tools to the next guy to strike an even better deal. We'll be tipping hats to someone new tomorrow because we contributed to this forum, and hopefully they'll give back what they learned to the next guy as well!
Thanks again to all who contributed information to help me get my deal!
#115 of 331 Re: Columbus, OH Lease Details. [dakota9]
Jun 25, 2006 (7:56 am)
Congratulations on your new 4Runner, dakota9. Thanks for taking the time to share the details of your deal with everyone. Enjoy, I am sure you will - it's a very nice truck.
Prices Paid Forums
#116 of 331 Re: Columbus, OH Lease Details. [Car_man]
Jun 29, 2006 (7:49 pm)
The 4runner lease is crazy right now. I just got a $34,000 SR5 for 36mos 15K with not one penny out of pocket for $323 a month. I traded in my wifes 03 Altima which they gave me $10,000 for i owed $9000 and we also got a $400 graduate discount for my wifes recent masters degree. To me this is a steal becuase the GALVES value of the Altima was only $9000. The only thing i was a little unclear on was the $400 bank fee which i thought was waived by using Toyota Financial Service. Also, the sales manager said the money factor was not able to be combined with the $1250 rebate. Personally i think they overvalued my trade and then had to adjust some numbers. Wife is very happy with the truck we may option to have leather installed aftermarket. I was quoted $1000 for this has anyone heard other prices?
#117 of 331 Madison WI 4 Runner lease $306 w/o tax zero down no trade
Jul 06, 2006 (4:41 am)
I got a 06 SR5 w/ third row, tow and 17' wheels (pretty basic really) Silver. MSRP was 32,456, got to $28945 on Cap cost (~$3500 off) plus $400 for acquisition fee that gave a lease payment of 305.99 for 36 months with a .00001 money factor (total interst is $17 over the 3 years), residual value of $18346 (57% of MSRP, 2% over predicated by Edmunds), taxes in WI are 5.5% making the payment $322.82,had to give them an additional 219.73 in title fees, registration fees , filing fees and "service fee" at signing for a total of $542.55. The service fee was $95 of BS on the window.
Another dealership had me at $344 on Monday and would not give any better deal on the price, went across town (Jon Lancaster) and they gave me what I asked for, no hard sell on any add ons.
I do financial calculations at work all the time (net present value etc.) and this deal is mind boggling from a financial standpoint. I was considering paying cash (up to $25k) for a vehicle. That money will now sit in the bank earning 5.5% interest which I will use to buy out the lease in 3 years (I should have ~$4500 in interest from the $24500 I did not spend). Accountants and dealer employees should be all over this one...it is essentially an interst free 9 year loan, with the option to change your mind after 3 years, unreal.
#118 of 331 Re: Madison WI 4 Runner lease $306 w/o tax zero down no trade [jbwatson2]
by kyfdx@Edmunds HOST
Jul 06, 2006 (6:32 am)
That is a really great deal... Congratulations on your new truck!!
You almost have to lease, when you run across a deal like this..
#119 of 331 Interest free 9 year loan?
Jul 06, 2006 (6:34 am)
Good job on getting this for $306/mo + tax. Beats my $317/mo but I'm happy. Agree with everything you said but not sure where you came up with the "essentially an interest free 9 year loan"? I see that it is essentially interest free for 3 years but what about the other 6 years? Thanks
#120 of 331 Re: Interest free 9 year loan? [galevin]
Jul 06, 2006 (3:57 pm)
Actually you are correct, gotta love the internet, I will not be able to reproduce when the three years are up. So it is the equivalent of an interest free 9 year loan for 3 years. I work with scientists and they always fine the flaw in my details. The big picture is anyone who got the .00001 MF made an amazing deal. I did the calculations and this saves about $3K over 3 years no mater how you look at it. It is essentially like buying an used car (for three years, to be totally correct) in terms of cost per mile.
Only it is new...
FYI I will but it out at the end of the lease cuz I know where it has been, UNLESS gas is at $5,00 galloon, then we will see how that residual value turns out.
Thanks for the comments, hope the July deal isn't .00001 plus $2000 off. May not matter since the silver 06's were getting rare anyway.