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You are in the Prices Paid - Buying & Leasing Experiences
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Toyota 4Runner, Car Leasing, SUV
#266 of 331 2008 Toyota 4Runner Lease
Jul 14, 2008 (1:49 pm)
I thought I could share with you my outstanding lease experience with the Westboro Toyota (Boston area): 2008 4Runner V6 4WD Sport Edition, 36 months/12K miles per year, for $424/month with $424 due at signing. I flew in, drove back ~800 miles and still saved ~$1500 compared to the best offer I had received from the local dealers within the 300 miles radius.
The typically equipped SR5s can be leased for $399.75 with nothing down!
Jul 27, 2008 (5:33 pm)
First time leaser and don't know what I should be looking at for a cap cost.
Right now looking at a 36 month lease on a '08 4Runner Limited V6 RWD. The dealer is quoting a cap cost of invoice, advertising fee, $10 gasoline charge, $434 for Sirius sat. radio, and $500 dealer "profit".
Is that something I should negotiate down on considering the economy and car buying climate?
Much thanks in advance for any/all help on this.
Aug 13, 2008 (2:52 am)
Hi paul9903. $500 over dealer invoice is a reasonable selling price for a 4Runner right now. I wouldn't have a problem paying that much to lease one. For additional feedback on how much you should pay for this truck, hop on over to the "Toyota 4Runner Prices Paid and Buying Experience" discussion.
Prices Paid: Buying & Leasing Experiences Forum
#269 of 331 Residual Value
Aug 13, 2008 (8:37 am)
I am looking at the following:
Urban Runner Package
Sport Extra Value Package
Sale Price = 29,128
I want to lease and have to give back the $3,000 rebate to get the MF of .0005, but what is the residual value on there leasing for this model. Based on there website, a base model has a 59.8% residual value. Is this what I should use to calculate estimated payments? Please advise!
#270 of 331 Re: Cap Cost? [paul9903]
Aug 13, 2008 (1:39 pm)
Also depends on where you are leasing. Because Priuses are selling like hotcakes and at MSRP in our area (NoCal), I was able to negotiate $1000 BELOW invoice on an '08 Urban Runner. The car had been on the lot for 2 months so I knew that they had already eaten through some of their potential profit from Toyota. Needless to say, they were willing to take a loss (a) because they could afford to do so due to the situation with the Priuses and (b) because they wanted/needed to move the car. Good luck.
#271 of 331 How difficult is it to...
Aug 23, 2008 (7:59 pm)
Find a 4Runner Limited V6 2WD? Is it the state of the market or the fact that the '09's are coming in soon. I just am able to move forward on my lease and now nobody in the Southern California are can find the 4Runner I need with the navigation package included. Not in dire need (I have a work car as well), so do I just sit tight until the 2009 models roll off?
Also, how should I treat the lease of the 2009, will the cap cost/residual be similar to the 2008 quotes I have received?
#272 of 331 Re: 4 Runner Money Factor and Residual Values [Car_man]
Aug 27, 2008 (6:46 am)
Im new here and live in NJ - I am looking at leasing a 2008 Toyota 4Runner SR5 cost here is 2700 down and 299 a month for 39 months. I have never leased before. Is leasing a good thing to do??
#273 of 331 Re: 4 Runner Money Factor and Residual Values [bullynj]
Sep 16, 2008 (1:44 am)
Welcome bullynj. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
As far as the specific lease that you are interested in goes, I see that you are considering making a $2,700 down payment. This is not a good idea. I always advise consumers not to make large down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled. Even though it means that your monthly payment will be a little higher, you will be better off going with a zero down lease.
The best way to get a good deal on the 4Runner that you want is to negotiate as low a selling price as possible on it and then have the dealer that you are working with calculate your monthly payment using Toyota Financial Services' buy rate lease money factor. TFS' current buy rate for a 36 month lease of this truck in your state is an amazingly low .00001 for consumers who qualify for its Tier 1+ credit tier.
Prices Paid: Buying & Leasing Experiences Forum
#274 of 331 Re: 4 Runner Money Factor and Residual Values [Car_man]
Oct 24, 2008 (5:18 pm)
I am looking to get an 08 leftover in the Pittsburgh area. I was able to get a price of 30,350, $1000 below invoice. Now I am deciding if I want to buy or lease. We are currently leasing an 06 4runner now and have tier one+ with Toyota. What are the current residual values and money factors in the Pittsburgh area for an 08 4*4 Sport v6...
#275 of 331 2008 4wd Limited V6
Oct 25, 2008 (10:28 am)
Got quote today on an '08 4wd Limited w/ 4.0L 6 cyl with:
* 50 State Emissions
* Carpet Floor/Cargo Mat (5 or 6-Piece Set)
* Daytime Running Lights
* Exhaust Tip by Valor
* Limited EVP #1
* Power Tilt & Slide Sunroof
* Radio: JBL Synthesis AM/FM/In-Dash 6-CD
* Rear Spoiler w/Center High Mounted Stop Light
* Tow Hitch
* X-REAS Shock Absorbers
Without negotiating $33,500+ TTL ($3535 dealer "savings" / $2500 rebate).
Not sure, but curious to know 1) how this appears at first glance and 2) what the current residual value and Tier 1 money factor is for this at 12000 and 15000 miles per year for 36 months.