Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Toyota Camry Lease Questions
518 messages, Last post on Nov 24, 2009 at 5:16 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
Replying to: polo1 (Nov 26, 2005 9:21 pm) Here's the truth: Take the lease money factor, multiply by 2400, and you get the interest rate. So, a money factor of 0.00190 equates to an interest rate of 4.56% (0.00190 x 2400). |
|
|
Replying to: davidlni (Dec 26, 2005 3:04 pm) Btw, the residual is always based on the MSRP, not what you actually pay for the car. Whatever price you negotiate below MSRP reduces your monthly payment. |
|
|
Replying to: davidlni (Dec 26, 2005 3:04 pm) One thing that I noticed about this lease is the large down payment that you are considering making. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Camry would be exactly the same, regardless of whether you had put $2,500 down, or had made absolutely no down payment at all. You can still trade in your Escort is you want to, just have the dealer cut you a check for it rather than using the proceeds from it as a down payment on your lease. Car_man Host Smart Shopper / Prices Paid Forums
|
|
I have leased a 2006 camry for 36 months with trade in value of $3000 down. it has been only 2 months and i am willing to buy the car because of too many restrictions with leasing. what should i do to terminate and change to buying options. please advice me the right thing to do with this situation. i thank you in advance for all your help.
|
|
|
Replying to: jamu (Jan 25, 2006 9:54 am) It is usually very expensive to exit or buyout a lease before the term is up... If it is your intention to eventually own the car, why not just take the lease to the end of the term, and then purchase it?.. Assuming your lease terms were decent, it shouldn't cost any more to do it that way, than to buy it out now... and, may actually be cheaper.. If you purchase the car at the end of the lease, you won't be liable for any mileage or wear and tear charges. regards, kyfdx Host-Prices Paid Forums
|
|
|
Replying to: kyfdx (Jan 25, 2006 9:59 am)
|
|
|
Replying to: jamu (Jan 25, 2006 10:23 am) In your first post, it sounds like you want to keep the car.. What is the problem you have with the lease? regards, kyfdx
|
|
|
Replying to: kyfdx (Jan 25, 2006 10:24 am) |
|
|
Does Toyota or other manufacturers have any lease programs for covering more than 15K miles per year at a lower cost than paying the 15 or 20 cent per mile mileage penalty for going over mileage or is it always better to purchase rather than lease if you are very likely to need to drive the vehicle over 15K miles per year? I may be looking for a minimum of 20K miles per year and maybe 25K miles per year on a 2 or 3 year lease.
|
|
can someone please tell me if getting a loan to buy a car is useful or not. its either that or i hav to wait another three months to buy it
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Toyota Camry Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Toyota Camry
Browse by Board
Browse by Topic
Today's Chats
