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Toyota 4Runner Lease Questions
272 messages, Last post on Aug 27, 2008 at 7:46 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Aug 31, 2005 5:22 pm) THANKS COLLEEN
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Ok, Assuming I can get the Invoice+ $100. TFS says the MSRP for Gap is $330 and I haven't seen too much info on the Acquisition fee. I'm trying to get all of the info before I get back in touch with the dealers--they want me to go into the dealership to finish the negotiating. I'm trying to get a V8 4X4 Limited MSRP of 41,895 Invoice of 37,210 + $100 What FEES am I looking at paying on top of the 1st month Pymt?? I figured: Acquistion fee of approx. $575 Security deposit???? Gap Insurance??? Document fees??? Are they all negotiable or only some? I really need to know so that I know how much $$ I need for my trade in. They always ask what I owe and I want to know exactly how much I need to pay it off and then put some $$ down to lower the monthly. (I know, bad idea--but some is a must). If anyone knows about those fees I'd love to know. Thanks.
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Replying to: dcflood (Feb 16, 2006 1:34 pm) |
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This offer just in (minneapolis St Paul area) v6 4x4 Limited 39615 MSRP Selling price 35414, residual 21k and some change monthly payment $455.00 .00055 MF. (She said it was less for Encore) 371.00 for a similar options Sport (minus the standard limited add ons) |
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Replying to: Car_man (Aug 31, 2005 5:22 pm) You helped me a great deal last year by providing me the information I needed to end up having the dealers shop themselves on a BMW X3 3.0 lease for me. I am confident that I got a great deal. Thanks for your help! Unfortunately (or fortunately, depending on how you look at things), I am looking for a new car to lease again. I live in the west Tennessee area and am looking at a Toyota 4Runner V8 Limited. I have seen on the local dealer websites that they are offering promotional money factors of anywhere from .00055 to .0011 depending on credit on a 36 month lease. I am interested in leasing a car for 36 months with 12k miles a year. Can you give me the L.E.V. or depreciation percentage for that lease. Also, if you could comment on how realistic that money factor is and if it is a "bait & switch" rate just to get people in the door or if they could actually be legit... Thanks for your help. I don't think people realize the service you provide for free in this forum... helping people get the best deal possible for this type of transaction can be the difference between a good deal and a financially disasterous one. Noble work indeed. Okay. I don't want to lay it on too thick... if you could get back to me with the above info, I'd really appreciate it.
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Replying to: burgermac (Feb 23, 2006 7:32 pm) IF your credit is 730 or up, you should get the best rate. It came with a 15k per year allowance, but she said it would be a little less per month if I wanted to drop down to 12k (the lowest she claimed, given by Toyota) Here is something I found interesting. She showed me a invoice including options. One "option" was the National Advertising Fee ($500), also something called Whsl. Financial Reserve (366.00) and the Dealer Holdback ($732) She printed this out from her screen. Anyway, the WFR? and the Dealer holdback plus her stated invoice price with invoice options matched dead on with the invoice price from Edmunds. She added additional profit off $200 to top off the Cap cost. So Invoice plus ad fee, plus 200. I hear the Ad fee is negotiable, but since the cap cost I was quoted is about 700 less than Edmunds TMV, Im reluctant to fight it out. Maybe I should, but I am a wimp. Not a tough negotiator. She also claimed that the AD fee for purchasers in Des Moines was over 600. Hmmm. They are making a minimum of 1389 on the deal from what I can tell, with the $200 plus reserve plus holdback. Also was quoted GAP insurance at 385. I did not question it, because I will contact my own insurance before I take delivery, and don't have to decide until then. Something tells me my own insurer is gonna come in lower. Will Report. So If anyone has any idea what this wholesale financial reserve is, I would love to know. I know what dealer holdback is, and I suppose the dealer has to make SOME money, but I hate seeing a price on something and not knowing. |
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Gap insurance from Toyota as quoted to me, $385. My insurance company $90. Both over the life of the lease.
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Thanks for the reply, crashoften. Interesting about the gap insurance. I have leased three cars and they all had the gap ins priced into the lease a part of the financing- not a separate line item. I guess Toyota credit offers generous money factors on a stripped down lease product and then adds necessary items as a la carte features, like gap insurance. Good to know that the private insurers will offer it to you at a reduced cost. One question I still have, and if CAR_MAN is reading along, perhaps he could respond as well: How are residual values calculated on toyota leases? If what I am hearing is correct, they give a percentage of the base price, and not the fully optioned vehicle, which only makes sense if you are trying to gouge your lease customers. Gee, who would ever acuse a car company of gouging customers? I must be a pessimist. Anyway, could anyone quote me the actual residual factor/percentage on a '06 Limited 4WD for 36 months/12k miles a year? Thanks.
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