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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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Hello guys, I have been in a dealership and was trying to lease camry le 2009. The cap cost was $19,995, residual value was $15,500 according to the dealer (24 months, 12k mile) and money factor is 0.0027. Please tell me what would be the monthly payment if I paid $4,500 down. The dealer said it's $159 and I thought it's too high considering that the depreciation is only $4495. I offered $120 monthly
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Replying to: maennj (Dec 29, 2008 6:03 am)
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Replying to: kiawah (Dec 29, 2008 6:42 am) Ok, let's say I put more money on monthly and reduce the down payment to only dealer fees. How much should be the monthly payment ? Because according to the numbers I give, it should be incredibly low . Can you help me with this Thanks
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Replying to: maennj (Dec 29, 2008 6:50 am) The bank/leasing company is fronting the complete 20Kish of money to pay the dealership, with the expectation of getting a leasing stream for 2 years, and then a cash settlement on the sale of the car, plus absorbing the risk of the transaction (you defaulting, or car not selling for the residual), plus profit added on for them, plus origination fees and taxes. I'm not in the market and haven't been watching the papers for a year, but as I remember approximately 200 a month for a 3 year deal was in the ballpark. That was all before the economy going south, and the credit market tanking. I believe 2 year leases are less desirable and should cost more per month, compared to a 3 year lease. I just looked in the paper, and didn't see any local ads for Toyota leases, so I don't have a comparison for you.
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Replying to: kiawah (Dec 29, 2008 7:08 am)  .
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I am going through a lease broker They just came at me with these numbers My credit is over 700+ with Transunion Toyota Camry 2009 SE V6 with Nav and all the bells and whistles Msrp 31,734 Negociated Price 28,146 Out of pocket (license,bank fees, 1st payment, etc... ) 1,500 00135 Money Factor 61% Residual 12,000 Miles a year $483.99 including tax per month Is this a good deal? They are pressuring me to close asap PLEASE HELP ME PEOPLE I am located in California
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Replying to: LordOrion420 (Jan 05, 2009 4:53 pm)
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Replying to: bmathis (Jan 05, 2009 5:59 pm) |
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ANYONE?? Please they are calling me agressive to close Why can't I get tier 1 + Please let me know if I am getting a fair deal
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Replying to: LordOrion420 (Jan 07, 2009 5:02 am) was this the first offer you received, or did it take a bit of negotiating to get it to $480 a month? if it's the first offer, then maybe you'd want to make a counter. hard to say if the deal is fair... are you satisfied with the $480 a month payment? affordable? something you can easily live with? if so, what difference does it make if you find out later you couyld have gotten $450 a month, say. as an aside, I wonder why people lease a really nice car for 10K miles a year, or even 12K. Seems they're hardly driving the piece of iron to appreciate it. Just strikes me odd someone would lease a car with navigation on a 10K mile lease-- who needs navigation to drive to and from the grocery store? but i digress. not sure i helped here-- probably didn't. |
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