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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 32 of 33

#311 of 331 2010 4Runner Lease Question by danf1222

Aug 18, 2010 (4:44 am)

CarMan: Can you let me know what the residual/MF is for the 2010 4Runner Limited on both a 36 and 48 month lease with 12K per year.
 
I was quoted $699 for a 48 month lease, with nothing down, including a buyout of my current 4Runner lease (2 months 570 = $1140 - they say that this is a current Toyota Financial special, but I am sure it is just being built into the lease).
 
I would like to calculate what the payment should be so that I can come back with a competitive but realistic counteroffer. Thanks.

#312 of 331 Re: 2010 4Runner Lease Question [danf1222] by Car_man HOST

Sep 29, 2010 (3:03 am)

Replying to: danf1222 (Aug 18, 2010 4:44 am)
Hi danf1222. Toyota hasn't provided any lease support on the 4Runner in a long time. That means, if you want to lease one through Toyota Financial Services you will have to use its standard lease money factors.
 
TFS' current standard buy rate lease money factor is .00235 for consumers who qualify for its top aka "Tier 1+" credit tier.
 
TFS' residual values for a 36 month lease of a 2010 4Runner Limited 4WD with 12,000 miles per year is 55%.
 
Its residual value for an otherwise identical 48 month lease is 46%.
 
The problem with these residual values is that they are only for base models. TFS places restrictions upon what options can be residualized. This makes it difficult to individual consumers to calculate sample lease payments on vehicles on their own.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#313 of 331 LEase by steevo

Feb 01, 2011 (9:23 am)

Any support from Toyota in February or are 4Runners "unleaseable".

#314 of 331 Re: LEase [steevo] by Car_man HOST

Feb 06, 2011 (12:36 pm)

Replying to: steevo (Feb 01, 2011 9:23 am)
Hi steevo. Unfortunately, Toyota never seems to provide any support on the 4Runner...and February is no exception. This is going to be a fairly expensive truck to lease.
 
Car_man
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#315 of 331 Re: LEase [Car_man] by sald

Feb 15, 2011 (9:48 am)

Replying to: Car_man (Feb 06, 2011 12:36 pm)
I was under the same impression but wanted to check it out before going with the JGC. I was surprised to find out the lease isn't so bad.
 
First i was quoted a ridiculous price of $539/12k/$35KMSRP
 
After asking about the money factor/residual and cap cost the sales person came back with those numbers and a better deal of $479 per month.
 
Then I asked what rates the local credit unions were offering. Sales person sounder surprised but looked into it and sure enough came back with a lease price of $410 per month with about $1800 out of pocket at lease signing.
 
At that point i told them if they could provide the same price for a loaded SR5 MSRP of 38K i would take it Initially they said it would cost me $439 month but i existed and just got a call back from the dealer asking if i was still interested and that they would be willing to go down to $415 per month, which I think is a great deal.
 
I will let everyone know what the money factor, residual and cap cost is once i finalized the lease this weekend.
 
The JGC Laredo X package with an MSRP of just under 38K was $429 month and the best i could squeeze out of them.
 
From what i learned, credit unions will only handle lease financing for certain vehicles with a better residual than your average car. Luckily this includes 4Runner and FJ Cruiser. Credit union can be joined for about 5 bucks and offers great rates for financing as well.
 
hope this helps and don't be afraid of asking for the best possible deal and have the sales person compete with an existing quote from a car in the same market space. I knew they wanted my business when I told them what I was about to pay for a JGC.

#316 of 331 nice deal by steevo

Feb 15, 2011 (10:58 am)

wow nice job. Can you share which credit union is providing the lease?

#317 of 331 Re: nice deal [steevo] by sald

Feb 15, 2011 (1:34 pm)

Replying to: steevo (Feb 15, 2011 10:58 am)
All they said was a local credit union. The dealer can set this up and complete the application for the credit union as they work up the lease.
 
I am pretty sure its bethpage credit union because that was the one used when i got a quote on a wrangler sahara edition. Unfortunely the best i could negotiate there was still too high.
 
I am sure i will have all the details once i finalize the lease over the weekend and will be sure to post it here. The best part is you don't have to belong to the credit union before hand. and certain dealers work with specific credit unions. I would just ask if they do and go from there.
 
I am in long island NY and am using Atlantic toyota in amityville. they are not as large as millennium toyota but i found them to be much better to deal with.
 
good luck to everyone. cant tell you how much it helped me to read all the post here before hand.

#318 of 331 4runner by steevo

Feb 15, 2011 (1:48 pm)

Sounds good. I am considering all the same vehicles! Always liked the fj, but the f 4runner seems like more vehicle for the money. Then again, the FJ should be cheaper?

#319 of 331 Re: 4runner [steevo] by sald

Feb 15, 2011 (5:58 pm)

Replying to: steevo (Feb 15, 2011 1:48 pm)
From what my dealer told me, FJ and 4Runner carry the same lease and finance terms so it should be less. I originally went to check out the FJ but ultimately not as practical ss the 4Runner.
 
Although the trail edition has most the same off road features as the FJ plus some really cool modes for non experienced off roaders.

#320 of 331 Re: 4runner [sald] by sald

Feb 23, 2011 (8:22 am)

Replying to: sald (Feb 15, 2011 5:58 pm)
Federal Teachers Credit Union is currently offering 2.99% financing on leases which is pretty fair if a manufacturer isn't offering any support.
 
http://www.teachersfcu.org/rates/consumerloan_rates.html#auto
 
You just have to open an account with them first. Hope this helps.

Messages Page 32 of 33

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