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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
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Replying to: citymom (May 29, 2006 5:43 am) Also remeber that many credit unios will lease or offer a purchase payment deal comparable to a lease. You have many options--explore them. Consumer reports is non-profit and commercial free. |
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| Any updates on what the money factor and residual is for the 07 Camry hybrid?? | |
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Replying to: jaxs1 (Feb 27, 2006 5:43 pm)
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Anyone have the current residual and money factor info for a 24 month/12k and a 36/12k lease on a 2007 Camry XLE 4-cyl with no extra options? Thanks!
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For those interested in comparing, yesterday I received the following "first offer" from a Philadelphia area dealer for a 2007 XLE V6: 36 mos./36,000 miles MSRP: $29,640 Cap Cost: $27,999 MF: .00265 Residual: 59% Payment: $410 Payment w/tax: $447 I think that the money factor is about right, but from reading other websites I expected a higher residual (I saw 63% quoted for May). As I was walking out, the salesman assured me he could get the total payment (incl. tax) under $400.
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Replying to: tedr3 (Jun 16, 2006 5:45 am) You could get any monthly payment you want by just putting more and more money upfront.
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Replying to: jaxs1 (Jun 16, 2006 7:39 pm) Cap. Cost Reduction: $0 (I assumed this was understood unless I stated otherwise) Out of pocket: $1,019 Because I was not ready to negotiate, I did not discuss the breakdown of the out of pocket with the dealer, although I did see that there was no security deposit. I did not discuss the excess milgage charge or the disposition fee with the dealer. But you raise an interesting point, does Toyota credit charge a disposition fee and if so how much?
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Replying to: tedr3 (Jun 17, 2006 4:36 am) What dealer was this. I am looking for the same vehicle right outside Philly and have been getting higher quotes. $485/month for loaded XLE V6 with nav, smart key and remote start. The main problem is that nobody seems to have this car in stock! Slate
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Replying to: sgtslate (Jun 17, 2006 6:50 pm) I don't recall seeing any cars with Nav on the lot. BTW, I have now read that Toyota does not calculate the residual as a straight percentage of MSRP. Apparently, there is specific residual for the base model, and dollar amounts are added to that number for particular options. Maybe Car_man will tell us whether this is in fact true. |
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Replying to: villebillies (Jun 11, 2006 8:00 am) Toyota is not currently providing any sort of lease support on the redesigned 2007 Camry. As a result, if you were to lease one through Toyota Financial Services right now, you would have to use its standard lease program. Its buy rate standard lease money factor probably varies slightly by region, but it should be around .00265 for any length lease for consumers who qualify for its Tier 1+ credit tier right now. By normal mileage requirement, I assume that you mean 15,000 miles per year. Let me know if you only need 12,000. If you were to lease a base '07 Camry through TFS right now for 24 months with 15,000 miles per year, its residual value should be 68%. The number for an otherwise identical 36 month lease should be 62%. Car_man Host Prices Paid Forums
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