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You are in the Prices Paid - Buying & Leasing Experiences
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Toyota 4Runner, Car Leasing, SUV
#201 of 331 Re: Toyota 4Runner: Lease Questions [Car_man]
Dec 29, 2006 (12:58 pm)
Hi Car_man. I've read some of your previous posts and your advice is great. I hope you can give me some guidance.
I'm looking to lease a 2006 or 07 Toyota 4Runner 2WD V6. Sport preferable, SR5 OK. The only options I'd like are moonroof and possibly tow pkg / trailer hitch. I live in Upland, CA. I'd like to pay zero down if possible. Can you tell me what monthly payment numbers would represent a good deal on a 36 month?
#202 of 331 Lease and Sales Tax
Jan 15, 2007 (6:33 pm)
Hello Car Man; I created my own Exel calculator and its pretty neat. I have a question about sales tax. Here in IL we pay sales tax on the entire cost of the vehicle instead of only the depreciation portion. Would it be better to roll it into the monthly pmnts or pay it up front. If the car is a total loss, does that mean the sales tax is still due if it is being paid monthly and if it is paid up front, is it lost just like a cap cost reduction? I know, IL is an unfriendly place to lease. Thanks for all the stuff I have learned from these forums.
#203 of 331 Re: Toyota 4Runner: Lease Questions [camaromullet]
Jan 25, 2007 (3:50 am)
Thanks camaromullet . I am not familiar with Upland, California. Is it closer to Los Angeles or San Francisco? Regardless of what region you are in, I really need you to provide me with this truck's MSRP and approximate selling price as well as how many miles per year you need to be able to drive it to work up a sample lease payment on it for you. You can find this truck's MSRP by looking it up in the Edmunds.com - New Vehicle Pricing section of this site. The following discussion may give you an idea of how much you will have to pay for one right now: "Toyota 4Runner: Prices Paid & Buying Experience". Let me know what these numbers are and I'll do some calculations for you.
Prices Paid Forum
#204 of 331 Re: Lease and Sales Tax [newdavidq]
Jan 25, 2007 (4:05 am)
You're very welcome, newdavidq. I'm glad that you have found these discussions to be so helpful. Illinois certainly is an unfriendly place to lease. I personally would roll the sales tax into my vehicle's lease payment if I was in your area. It would stink if your vehicle got totaled a month or two after you leased it and you has just wasted all of the money that you spent on sales tax. Sure you have to pay interest on the sales tax if you roll it into your monthly payment, but that's actually not a bad thing if your lease has an attractive interest rate. In most areas, Toyota Financial Services' current buy rate lease money factor for the 2007 4Runner is .00181 (this does vary by region). This is equivalent to an interest rate of around 4.34%. Most people can do better than right now that by keeping their money in a good savings account or CD.
Prices Paid Forum
#205 of 331 2007 SR5 V8 4WD-California
Feb 07, 2007 (6:58 pm)
Dear knowledgeable hosts:
I am trying to secure a 2007 SR5 V8 4WD in Sacramento from here in Canada. I will be moving down there in two weeks time so thought I'd try to secure a good deal via phone and email with a few dealerships.
From Maita Toyota I got this quote:
1) 15k mile
with 0 down 36 months, first month plus registration is $795, then 35 payments $509.
2) 15 k mile
with $3000 down, $442 for 36 months.
The fleet manager said the MSRP on the vehicle I wanted with sunroof, tonneau covers, spoiler, side curtain airbags, cargo area carpets, roof rack (the usual excess options that I have to take if I want a moonroof), etc was $34959. But he could give it to us for $31980.
He mentioned there is a special lease program for 36 months at 191 till the end of February.
Is $509 a month too steep with 0 down? How about $442 a month with $3000 down? Is it better to put money down or not? We plan to walk away from the vehicle after our lease is up.
Thank you so much. I just discovered this forum today and it's been very informative.
#206 of 331 07 SR5 4WD
Feb 13, 2007 (9:03 pm)
Can you give me the current residual and money factors for a 36 month/12K mile lease on an 07 SR5 4WD for Colorado? The one I have my eye on has an MSRP of $32998, invoice/selling price of $29962 less the $1250 rebate.
#207 of 331 Re: 2007 SR5 V8 4WD-California [914runner]
Feb 18, 2007 (7:08 am)
Welcome 914runner. I'm glad that you find this forum so informative. Let's take a look at the selling price that you were quoted for this truck. A base 2007 Toyota 4Runner R5 V8 4WD has a spread of around $3,400 between its full MSRP and its dealer invoice price. You were quoted a discount of $2,979. That's probably around $500 over invoice, which isn't a bad price for this truck. Toyota's lease program for this truck varies by region, but in most of the country its 36 month buy rate lease money factor for consumers who qualify for its "Tier 1+" credit tier is .00181. Make sure that the dealer that you are working with uses this money factor and the payment that you were quoted to calculate your truck's monthly payment and you're in business.
It is in your best interest not to make any sort of down payment when leasing. Consumers who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered.
Prices Paid Forum
Feb 18, 2007 (7:12 am)
Hi dad23. Toyota's lease program for this truck varies by region. I haven't seen its specific program for its Denver region recently, but in most of the country Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 4Runner SR5 4WD with 12,000 miles per year are .00181 and 60%, respectively. Unfortunately, the $1,250 customer cash that is available on this truck in your region is not compatible with this special lease program.
Prices Paid Forum
#209 of 331 2007 Sport Edition V8 4WD
Feb 20, 2007 (6:00 pm)
Hi Car Man,
Please compute a lease figure for the following:
MSRP: $ 34914.00
Selling price for lease deal:$ 32000.00
sales tax .065 northeastern IL
Have very good credit. Do you know if anything will change in March? Im having a hard time finding a white version of this truck within 100 miles; V8s seem to be rather scarce.
Feb 22, 2007 (4:05 pm)
Hey Car Man,
I forgot to ask if you can provide the 27 mo. 15k residual value for an 07 4runner sport edition 4wd V8 in the Chicago area? Appreciate all the work you do; I see you on a lot of other forums.