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Toyota 4Runner Lease Questions

331 messages,  Last post on Mar 05, 2013 at 7:22 PM

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What is this discussion about? Toyota 4Runner, Car Leasing, SUV

Messages Page 31 of 33

#301 of 331 Re: 2010 4Runner Lease Info [fxoffroad] by Car_man HOST

Jan 21, 2010 (4:48 am)

Replying to: fxoffroad (Jan 06, 2010 2:19 pm)
Hi fxoffroad. Lease support and dealer discounts are two different things. Consumers should always negotiate a discount on the selling price of the vehicle that they are interested in with dealers. By lease support I mean an attractive money factor (a form of interest rate) that the manufacturer is providing on the vehicle.
 
Much like cash incentives or those attractive low finance rates that one sees advertised all over the place, automakers often provide supported low interest rates on leases. Toyota is not currently providing any support at all on the 4Runner.
 
$700 per month to lease a 4Runner is absolutely nuts. I realize that this truck is more expensive than it used to be when it was redesigned a number of years ago, but still.
 
I'm not personally a big fan of auto brokers. There's no reason why a savvy consumer can't negotiate as good a deal on a lease on their own as a broker would. In fact, introducing a broker into the equation just adds another party that has to profit from your deal.
 
Car_man
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#302 of 331 Re: 2010 4Runner Lease Info [Car_man] by fxoffroad

Jan 24, 2010 (4:53 pm)

Replying to: Car_man (Jan 21, 2010 4:48 am)
Car_man - thanks for the reply. Perhaps I'm just not savvy enough to score a good price on a 4Runner... though on my '08 Leased Outback, I got a great deal at a very low price... ultimately, I may just need to do more internet shopping for the best price??
 
On Friday I went to two dealerships in Colorado:
 
The first dealer for a Limited w/ Nav: MSRP: $42,938; Selling price: $41,335; Residual $23,982; Money Factor .0025; Denver Sales Tax 7.75%; Doc Fee: $339; Cap Reduction/1st Payment: $2,000 - the monthly payment on 3yr/36,000mi was $732. Just nuts... the other dealer was at $720per month before tax. I just laughed. Am I missing some mysterious component to the equation? Or is this just serious padding???
  
When I ran the numbers on LeaseGuide.com - the above $732 price came in at $644. (Where did that other 88 bucks go?) If I price the selling price $39,600 (which is approximately the invoice price and it looks like others have purchased inovice)... the payment was about $587. Is this number in the ballpark, or where should I be?
 

Thanks again for your insight. Greatly appreciated.
 
Is it reasonable to think that dealers are moving them fast enough that they don't need to see them invoice? Or I am just being sucked into the hype?

#303 of 331 Re: 2010 4Runner Lease Info [fxoffroad] by Car_man HOST

Feb 16, 2010 (3:56 am)

Replying to: fxoffroad (Jan 24, 2010 4:53 pm)
No problem fxoffroad. Seven hundred bucks per month to lease a 4Runner. Sheesh, I knew that it wasn't a good truck to lease, but that's nuts. Part of the problem is that Toyota Financial Services calculates vehicles' residual values differently than other banks. The residual value percentages that it publishes are for base vehicles without any options. It places restrictions and caps upon what options can be residualized, in effect making its real world residuals lower than its published percentages appear.
 
My advise is, if you want to lease a truck go with something other than the 4Runner.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#304 of 331 4 runner vs gmc acadia by rpfingsten

Feb 16, 2010 (5:36 am)

Hello everyone. My wife and I may be in the market for a new vehicle. It's actually for the wife, but since I have an Avalon this new vehicle will have to be able to pull a pontoon boat. She's narrowed down her choices to 2: either a Toyota 4 Runner or the Gmc Acadia. Drove the acadia last saturday, asthetically it's pleasing to look at inside and out, but to me, it seemed to be made of cheap materials on the interior. Actually havent driven the 4 runner yet, that happens this coming saturday. Wanted to know what each of you thought about these vehicles, and are there any current issues going on with either of these vehicles. I appreciate your help.
 
Roland

#305 of 331 Re: 2010 4Runner Lease Info [Car_man] by fxoffroad

Feb 21, 2010 (10:17 am)

Replying to: Car_man (Feb 16, 2010 3:56 am)
Car_man... I think you missed my question...
 
I wasn't asking you to help me decide which vehicle is right for me - that's already been decided; and its not about how TFC (Toyota Financial) calculates the residual value...
 
...its about the seemingly large discrepancy in the numbers.
 
Luckily I'm not in a hurry and can shop the lease deal a bit more.

#306 of 331 Re: 2010 4Runner Lease Info [fxoffroad] by chuck68516

Feb 24, 2010 (10:25 pm)

Replying to: fxoffroad (Feb 21, 2010 10:17 am)
Toyota is typically ridiculously high on their leases. Car Man was trying to explain why. Partly it's because of their high money factors, usually .00250, and partly due to the fact that they don't allow most options to be residualized. That 4Runner may have $7500 in options but only $1000 is able to be counted towards residual value.
 
In other words.....BUY IT.

#307 of 331 July 2010 lease rates by sammin

Jun 30, 2010 (10:52 am)

Could I please get resid/mf in zip 10801 for 4Runner SR5 36,000/mi
 
Thank you

#308 of 331 Re: July 2010 lease rates [sammin] by Car_man HOST

Jul 26, 2010 (3:45 am)

Replying to: sammin (Jun 30, 2010 10:52 am)
Hi sammin. Toyota is not currently providing any lease support on the 2010 4Runner. As a result, if you were to lease one through Toyota Financial Services, you would have to use its buy rate lease money factor...which is currently 00235 for consumers who qualify for its top aka "Tier 1+" credit tier.
 
TFS' current residual value for a 36 month lease of a 2010 4Runner SR5 4WD with 12,000 miles per year is 58%.
 
The problem with this residual value is that unlike most banks, TFS publishes residual values for base vehicles. It places restrictions upon what options can be residualized, making it difficult to calculate lease payments on specific units. TFS' effective, real-world residuals are lower than its percentages appear.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#309 of 331 Lease residual 2WD Limited model by jelgin

Jul 26, 2010 (10:52 am)

Hey Car man.......
 
I saw the post concerning the SR5 residual. I have a 2006 2WD Limited base model - no options so I understand about the "no" value aspect of the options. Is the residual on the 2010 2WD Limited model going to be 58%?
 
Thanks, Jim

#310 of 331 Re: Lease residual 2WD Limited model [jelgin] by Car_man HOST

Aug 13, 2010 (3:13 am)

Replying to: jelgin (Jul 26, 2010 10:52 am)
Hey Jim. Toyota Financial Services' current residual value for a 36 month lease of a 2010 4Runner SR5 4WD with 15,000 miles per year is 56%.
 
Toyota is not currently providing any lease support on this model. As a result, if you were to lease one through TFS right now, you would have to use its standard lease program. The last time that I checked, TFS' standard buy rate lease money factor was .00235 for consumers who qualify for its top aka "Tier 1+" credit tier.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 31 of 33

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