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Prices Paid: Buying & Leasing Experiences Toyota Camry Lease Questions
346 messages, Last post on Jul 09, 2008 at 6:57 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Dear anyone, Interested in getting into a new 08 camry 36mo 12k mi/yr, (IN APRIL!) I turn in my previous camry lease then. I thought I got a good deal on my last one but after reading your posts I have no idea! I got the base model with black mirrors (gasp). Got it for $2K down (all inclusive w/1st payment) then 35 more payments of 175/mo. 12K miles/ yr, GAP included. The bus. manager cleared with the gen manager to get me into what they said is a loss leader (in the paper ad to get you in the door to buy up). The bus. manager then turned the screen and said they were actually losing some $ on the deal. He said he rarely ever sees camrys go for under $200, of course, this one has the black mirrors! I haven't seen any of these ads hit the papers yet with the sick cheap lease pricing (maybe cause there are 07's still around). Is there any hope for me to get a similar payment? I want the lowest no frills model, even if it's a manual tran. Seatbelts would be nice. I'm reading to negotiate the price then have the dealer work numbers, how do I know they aren't changing mf or adding any other bs? I'd like to go 0 down this time (except I guess the first payment/acq/sec (in other words no cap cost reduc?) My wife and I still have tier 1 credit. Thanks very much, also I live in Merrimack NH (southern, close to Boston area) |
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Replying to: vehicula (Nov 14, 2007 10:59 am) A call to Toyota Financial Services cleared up the mystery: The Preferred Option is no longer offered in most states, including my state of Massachusetts. With the Preferred Option the customer is obligated to take the vehicle at the end of the financing period; with a lease the customer has the choice to keep the vehicle or to turn it in and 'walk away'.
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Replying to: vehicula (Nov 16, 2007 9:29 am) Of course this begs the original question about being "good for the customer." Balloon payment loans are almost never good for the customer. That most states don't have TTPO available might mean that they were pressured not to offer it for ethical concerns.
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Replying to: talmy1 (Nov 16, 2007 9:44 am) From the Toyota brochure: "At the end of your contract’s original term, you can elect to satisfy your final payment in one of three ways... 3. Return your vehicle to your Toyota dealer. Notify TFS in writing at least 30 days prior to your final payment due date." Called TFS back and said (politely) WTF? No one could explain the practical difference between the Preferred Option and a lease. So I'm no better off than before. But I did get this information: The Preferred Option is only offered in a limited number of states: AK, LA, NM, NJ, NY, RI, MD, CT and possibly one or two others that I can't remember offhand. I'll probably never get my answer but the question is moot, since I live in MA. I'm guessing that it has something to do with variations in state law. I'm not going to argue with you, talmy. If it was available in MA, the Preferred Option would have been less expensive than a standard lease, although not by much. |
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Hi all, I'm not new to leasing (I've leased through Ford and BMW), but I feel the Toyota dealer is trying to take advantage of me. Initially, a '08 Camry Hybrid with the upgrade package was presented to me with a sale price of $25,998. With $2000 down, they said my payments were going to be $443/month. That about blew me backwards out of my chair. I mean, my lease payment on my '06 BMW 325 is only $350! And, of course, this price was only good on the cars they had in stock. They offered me another car that had leather and heated seats and a few other things for around $27,500. With around $3000 down, my payments would be around $390. This still seems incredibly ridiculous. Not a single lease calculator I've been to comes anywhere near this price. Also, they charge a $199 "Doc" fee and wanted a whopping $800 to purchase and install the Sirius brain for the car. Thanks in advance, Uncle Eazy |
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I helped my dad lease an XLE over the weekend. Here are the details. I did not have enough time to do extensive research so the deal could have been better, but here it is. The car was leased from a Sacramento, CA dealer. Base XLE with floor mats 36 months 12k Base MSRP: $25660 Floor mats and some other things $199 Actual MSRP: $25859 Cap Cost: $24000 Edmunds Invoice: $22910 without floor mats They claimed they add advertising fees and their invoice is arround $23500 ($400 over edmunds) Residual: 15250 (59 %) MF: .00123 Bank fee: $575 Monthly: $308 + $22 tax = 330.00 Drive off was first month + license and doc fees, I think arround $575. I could probably have done better negotiating the selling price. Any comments are welcome. |
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Replying to: davidlni (Dec 26, 2005 4:04 pm) im not to worried about prices, but i would like to know some rates and residuals. zip: 44023 mileage: 18k length: 36/39 mnth money down will probably be F&F. (in response to the post above me, yes some dealers do have advertising fees that arent on edmunds, in GM speak, its 65a and 237 iirc) thanks in advance |
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Hello, I went to lLongo Toyota today and dealt with the fleet mgr, this is the deal that I was offered, please let me know what you think. 2008 Toyota Camry LE MSRP $21,93, $13067 is the residual(60%), with a cap cost of $19734, he say' selling price is $700 back of invoice, he is using a selling price of $19,184. Now with $494 down for 36months, 12k per year, I have a payment that comes out to $248.76 including tax. He also says that gap insurance has to be bought separate. for something like $699. My accord has gap included, do I have to buy it, or can I check with my Allstate Insurance. Also the LE does not have an alarm system. I told him I heard of people getting $19,000 OTD, and even $20.000 OTD from Longo he said no, perhaps it was last month maybe but no that is incorrect. I went next door to Honda because my lease ends tomorrow and I told the lady who works there, she used to work at a Toyota before and said you could get the LE for $200 including tax. Do you think I can get the payment including tax for $220 a month. Thanks in advance for the help, greatly appreciated.
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Replying to: nacho2 (Dec 11, 2007 8:46 pm) |
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2008 Toyota Camry Hybrid $500 over invoice buy rate of .00099 (tier 1 lease) 36 month 18k miles $448 per month without nav, should be about $465 a month with nav. first payment due. Tax IN |
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