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Toyota 4Runner, Car Leasing, SUV
#245 of 331 Re: 4runner money factor/residual numbers please [sw1024]
Sep 18, 2007 (2:25 am)
Hello sw1024. Toyota's lease program varies depending upon which one of its twelve regions you are in. I would be happy to give you an idea of what the 2007 4Runner's lease program is like in your area if you tell me what state you are in. Toyota's cash rebates, like the $2,500 that you mentioned, are not compatible with its special lease program. If there is a special lease program available on this truck in your area, you would most likely be better off going with it instead of the cash incentive and a worse lease program.
Prices Paid: Buying & Leasing Experiences Forum
#246 of 331 Re: 4runner money factor/residual numbers please [Car_man]
Sep 18, 2007 (7:32 am)
Sorry--I live in So Cal--Los Angeles. Looking for 36 months, 12k lease on 2007 Sport and Limited models 4x4.
Also, depending on what their special lease rate is--it would probably be more advantageous to take the $2500 cash rebate, wouldn't it? If my math is right, the money factor would have to be below .0006/1.5% in order to be a better choice than the rebate? Or am I wrong?
Thanks very much. I really appreciate it.
#247 of 331 Want to get out of the Fair Lease Contract / Texas - 4 Runner
Oct 10, 2007 (8:54 pm)
I want to get out of this lease and into a new Toyota lease for a 2007 4-Runner Sport.
I have a 63 mo. lease with Fair Lease in Dallas Texas for my 2005 4 runner sport now with 49,600 miles. Payoff today is 27,586.13. My 35th payment due 11/1/07 at 550.15 mo. The payoff includes a penalty charge of $500 for early termination & a percentage of the adjusted cap cost which amounts to $1,366.55 fee. The adj. cap cost on the contract is 37,166.05. (The price was high because I had to add $6,337 negative equity from the traded in car for the 05 4 runner)
A Houston dealership offered me a 2007 Sport. 1,000 down, 59 payments, 12,000 miles/yr, at $599.00 mo. My 4-runner is valued at around 20K they said. I this a Good or Bad Deal? Thanks, Diana (I don't know what to do with the Fair Lease contract. )
#248 of 331 Re: Want to get out of the Fair Lease Contract / Texas - 4 Runner [diana12]
Oct 19, 2007 (5:08 pm)
Hi Diana. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: sysop, "Real-World Trade-In Values" #, 14 Dec 2000 11:07 pm. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
If you absolutely have to get a new vehicle now, make sure that you get the best possible deal on it. I would be happy to give you my opinion on the new deal that you were offered, but you didn't provide much information on it. What exact model are you interested in? What is its MSRP? How much is the dealer that you are working with charging you for it (its selling price)? Is the 60 month contract that you are considering a loan or a lease? Let me know and I'll tell you what I think.
Prices Paid: Buying & Leasing Experiences Forum
Jan 07, 2008 (6:31 pm)
CARMAN what is the MF for a 36 or 39 month, 12,000 miles per year lease on a 4 Runner Limited 2wd model located in Florida
#250 of 331 2008 V8 LIMITED LEASE?
Jan 18, 2008 (6:22 am)
I have a 2006 fully loaded, MSRP 44,700, I paid 39999. Put total 2K down, leasing for 557 a month for a 3 year 15K per year lease.
WEll, my lease ends in April of 09 and I already have 34K miles on it. I have a friend who wants to buy out the lease. My question is, should I let him do it? I would save the cost of brakes and tires, and excess mileage. The downside is, I would have to fork up another 1500 or so up front if I wanted to lease an 08. I see the MSRPs on the 08s are cheaper. What do you think? Do you think I could get a better monthly payment this time around? I would like to start over with the truck as my new driving habits make for less miles.
#251 of 331 4Runner SR5 Lease
Mar 07, 2008 (1:20 pm)
Hi, I am looking to lease an 08 4Runner in SW Florida but can't seem to find anything. I want leather, sunroof package and need to keep my total lease under $450/month including taxes. I need to know if this is possible. I need a 36 month, 15k miles, and $0 down outside of payments. This is through work so I have to stick with these parameters. Any help is appreciated.
#252 of 331 2008 Toyota 4Runner V6 4WD Limited
Mar 27, 2008 (1:48 pm)
Was wondering if you might be able to advise. Am looking at a 2008 V6 Limited w/ carpet/cargo mats, JBL synthesis, Extra Value Pkg and Tow Hitch at Toyota Marin, CA, and am wondering whether the deal is good or not. Considering a 36 mo lease, 12000 miles, and nothing down.
Retail Price: $36975 w/ 1880 in accessories.
Dealer Price: 31909 w/ 1424 in access.
(For reference: Edmunds MSRP: 36975 w in 1560 access,
Invoice: 33017 with 1215 in access, and
TMV as 33,893 with 1326 in access.)
Cap cost = 36,774.
No security deposit.
Monthly payment: $482.74
Monthly payment with tax: $520.37
I have been looking at a Volvo XC70 w/ the works ($42K selling price) and Touareg2 V6 w/ lux ($43K selling price) and have gotten quotes for (XC) $530/mo for 24 mo with nothing down and 10500 and (Touareg) $570/mo for a 36 mo lease (first month paid by VW), nothing down, 12000 miles, respectively. These cars are essentially $10K more yet their leases are fairly comparable.
Surely I can get a lower monthly payment, yes? But how??
Many, many thanks!
#253 of 331 April 4Runner lease incentives
Apr 03, 2008 (11:21 am)
The Toyota website listed April lease incentives look great on the 4Runner. Lured me away from the Highlander. I have sent emails to the dealer to get the full details. Has anyone taken advantage of this yet?
#254 of 331 4 Runner Money Factor and Residual Values
Apr 09, 2008 (3:53 am)
What are the current going rates for the money factor and residual value for a 2008 limited 4runner?