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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

What is this discussion about? Toyota Camry, Car Leasing, Sedan


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#359 of 518
What do you think of the Camry lease deal? by scottyatc
Aug 12, 2008 (2:34 am)
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Here is the deal that expires on 9/2. Do you think it's a good one?
 
Lease a new 2009 Camry LE 5 spd. automatic for $199 a month for 36 months with $1,999 due at signing, which includes first month’s payment, $1,800 down payment, $0 security deposit. Does not include taxes, license, title fees, insurance and dealer charges. Closed-end lease. Example based on model #2532. Total Manufacturer’s Suggested Retail Price including freight $22,084. Monthly payments of $199 total $7,164. Capitalized cost of $21,010 based on down payment and dealer participation, which may vary by dealer. Payment may vary depending on final transaction price. Lease-end purchase option is $13,160. Customer responsible for maintenance, excess wear and tear and $0.15 per mile over 12,000 miles per year.
 
Scott
#360 of 518
Re: 2009 Camry SE V6 [SergeyM] by Car_man HOST
Aug 13, 2008 (3:07 am)
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Replying to: SergeyM (Jul 15, 2008 2:30 pm)

Hi SergeyM. Toyota's current New York region buy rate lease money factor and residual value for a 24 month lease of a 2009 Camry with 12,000 miles per year are .00099 and 69%, respectively. The numbers for an otherwise identical 36 month lease are .00099 and 62%. Keep in mind though that TFS places restrictions upon what options can be residualized, making it difficult for consumers to calculate the actual dollar residual values for specific units.
 
Car_man
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#361 of 518
2009 Camry XLE V6 Lease by wendini
Aug 14, 2008 (11:12 am)
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We are looking to lease the Camry and were made an offer of $395/mo (including sales tax) for 36 months. They want $1003 down and this includes the first month's payment. I am in Fairfield County, CT. Is there a better deal out there? We would also consider the 2009 Honda Accord EV-L V6 but the monthly payment offer for that was $450, which I don't understand because the MSRP is lower on the Honda. Also, what is the money factor and how do I use that to my advantage when working the deal?
#362 of 518
Lease Payment by rrt1
Aug 22, 2008 (7:55 pm)
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Can anyone help me figure out a lease payment? My negotiated price so far on a 2009 LE 4 cyl is 20,387 out the door. If my tax rate is 7.725%. Can you tell me a payment based on this? Is this a good deal? Thanks in advance!!
#363 of 518
Re: 2009 Camry XLE V6 Lease [wendini] by Car_man HOST
Aug 25, 2008 (2:12 am)
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Replying to: wendini (Aug 14, 2008 11:12 am)

Hi wendini. In short, money factors are used to calculate the interest portion of lease payments. You can get an idea of what sort of interest rate a money factor is equivalent to by multiplying it by 2400. So for example, Toyota Financial Services' current New York region (probably the region that Fairfield is in) buy rate for the 2009 Camry is .00099 for consumers who qualify for its Tier 1+ credit tier. This is equivalent to an interest rate of 2.38%, which is obviously very attractive. The lower a money factor is, the better. You can find out more information on money factors and how they impact leases by checking out the following articles that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#364 of 518
Re: Lease Payment [rrt1] by Car_man HOST
Aug 25, 2008 (2:18 am)
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Replying to: rrt1 (Aug 22, 2008 7:55 pm)

Hi rrt1. It is difficult to tell how good a deal the selling price that you were quoted is without knowing what this car's MSRP or its dealer invoice price are (either one will do). As far as calculating a lease payment goes, if it was any other brand I would be able to do it for you. However, unfortunately it is very difficult for anyone other than dealers to calculate lease payments on Toyota vehicles. This is because Toyota Financial Services places restrictions upon what options can be residualized. This makes it difficult to figure out what the actual dollar residual values are for specific models.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#365 of 518
Re: Lease Payment [Car_man] by rrt1
Aug 25, 2008 (7:05 pm)
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Replying to: Car_man (Aug 25, 2008 2:18 am)

Car man thanks, the msrp on the vehicle is 20387, they quoted me 241/month with 2620 due at signing. Or 316 no money up front.
#366 of 518
Re: Lease Payment [rrt1] by godwheel
Aug 27, 2008 (12:46 pm)
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Replying to: rrt1 (Aug 25, 2008 7:05 pm)

That seems like a lot down to me for a lease for that car. That is only about $114 dollars less a month if you were to buy the car outright... I would see if anyone can beat that, I'm willing to bet someone will.
 
A friend of mine got an accord EX V6 with Leather for $299 a month and $2,000 down (15,000 miles).
#367 of 518
09 Camry SE by njpathfinder
Aug 31, 2008 (7:33 pm)
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Looking for residual and MF for 09 Camry SE 12K in Jersey for September. Thanks in advance
#368 of 518
Camry SE w/o nav and tires by yooitscewl
Sep 13, 2008 (3:19 pm)
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Hi there,
 
I recently got into a total loss accident and need a car fast. I went into the dealership today, in NY, with some weapons of knowledge to shoot at the dealer. I went through the salesman and sales manager ( not finance mngr yet!) and they quotes me on an 09 Camry V6 SE with everything but nav and 18 inch rims for...365 a month for 36 months, 12k a year mileage, but with 2000 due at signing+ dmv fees. I repeatedly asked them for the selling price of the vehicle and the msrp and they continued to ignore my questions...but doing the math, it seemed right. Is this a good deal? I need to know ASAP as there is some urgency of me getting this vehicle!!!

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