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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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#433 of 518
Re: Request for 2009 Camry SE V6 February lease terms [Car_man] by sam_k
Mar 20, 2009 (7:22 am)
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Replying to: Car_man (Mar 20, 2009 1:56 am)

Car_man, I'm in NY state. Just so you know I might also shop at some dealers in NJ in case that affects the numbers. Since the 2010 Camry is apparently out already, can you please provide the money factor and residual percentage for both 2009 and 2010 Camry SE V6 for a 36 and 39 month leases with 10K or 12K miles per year. Thanks.
#434 of 518
Re: Request for 2009 Camry SE V6 February lease terms [sam_k] by Car_man HOST
Apr 02, 2009 (2:48 am)
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Replying to: sam_k (Mar 20, 2009 7:22 am)

Hey Sam. New York and New Jersey are both in Toyota's New York region. The 2010 Camry is indeed available. The last time that I saw it, Toyota Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2009 Camry with 12,000 miles per year were .00295 and 62% for consumers who qualified for its top aka "Tier 1+" credit tier.
 
Keep in mind though that TFS' residual value percentages are based upon vehicles' base MSRPs. It places restrictions upon what options can be residualized. This makes it difficult for consumers to figure out what the exact dollar residual value should be for individual models.
 
Just in case you're still considering an '09 Camry, you should know that TFS' April New York region Tier 1+ buy rate for it is .00086.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#435 of 518
Re: Request for 2009 Camry SE V6 February lease terms [Car_man] by gmudude
Apr 07, 2009 (1:50 pm)
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Replying to: Car_man (Apr 02, 2009 2:48 am)

Car_man I'm considering a lease on a 2009 Camry Hybrid with Nav. I'm in Northern Virginia (DC Area). Could you please let me know the residual and money factor for a 3 year lease at 15k miles per year?
 
Thanks
#436 of 518
Re: Request for 2009 Camry SE V6 February lease terms [gmudude] by Car_man HOST
Apr 13, 2009 (3:30 am)
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Replying to: gmudude (Apr 07, 2009 1:50 pm)

Hey gmudude. Didn't I just see you over in the Subaru discussions? I'm sure that you're considering a number of models for your next vehicle...and rightfully so. Toyota Financial Services' current residual value percentage for a 36 month lease of a 2009 Camry Hybrid with 15,000 miles per year is 58%.
 
Keep in mind though that TFS' residual values are for vehicles' base MSRPs. It places restrictions upon the options that can be residualized. This makes it difficult for consumers to calculate the actual dollar residual values for vehicles on their own. It's so tricky that TFS provides dealers with a list of the dollar resids for the actual units that they have in stock rather than relying on them to calculate them on their own.
 
I believe that Washington DC is in Toyota's Central Atlantic region. I have not seen its money factors for that particular area yet, but I should be able to find it our for you by making a few calls. Post a reminder in here for me in a few days and I'll let you know what I have been able to find out. For now, you can assume that this car's factor is somewhere between .00084 and .00125 or so.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#437 of 518
09 Camry SE by fractious
Apr 19, 2009 (5:59 am)
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Can someone tell me what the numbers would be for an '09 Camry SE? The car would have the optional Navigation w/JBL Audio with Options, and the XM Radio Kit. Toyota MSRP $32,389. I live in NJ, have top tier credit (previously leased through TFS).
 
I'm interested in knowing the residuals, money factor, also a guesstimate on how this could should cost per month w / $3000 down on a 36 or 39 month lease (whatever is better on a cost-basis), 15k miles per year.
 
Thanks!!!
#438 of 518
'09 Camry LE - Lease help, please? by sounds_good
Apr 19, 2009 (10:12 am)
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Hi guys,
 
My grandfather in Palm Beach County, South Florida, has asked for my help with a car lease. Problem is, I've never leased a car before so I'm not sure what to tell him (I've always purchased my cars and so has he).
 
He's interested in an '09 Camry LE with auto-trans. Originally he wanted to buy, and the best purchase price we got was $18,800. But due to my grandfather's age (almost 90) he thought it might be wise to lease instead of buy.
 
1. Is he right?
 
2. What should he expect to pay for a lease, based on the above purchase price?
 
3. Any questions we should be asking the dealer, or 'gotchas' to look out for?
 
Any other help or thoughts on this would be greatly appreciated.
 
Thanks very much!
#439 of 518
2009 Camry Hybrid by hybrid305
Apr 21, 2009 (10:46 am)
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Can anyone tell me what the residual and money factor is from Toyota currently for the 2009 Camry Hybrid? I live in Miami, FL.
 
I am looking for a 36 month lease w/ $2000 down and 15K miles per year.
 
Thanks in advance for any assistance
#440 of 518
Re: 09 Camry SE [fractious] by Car_man HOST
May 06, 2009 (2:15 am)
Reply

Replying to: fractious (Apr 19, 2009 5:59 am)

Hi fractious. If you haven't leased yet you're in luck. Toyota introduced one of the most aggressive lease programs that I have ever seen it offer for the month of May. It is essentially offering 0% financing on leases of most models. It had to do something drastic. Sales aren't holding up nearly as well as Toyota had forecast and it literally has vehicles piling up at the port to the point that it is running out of room.
 
Toyota Financial Services' May New York region buy rate lease money factor and residual value for a 36 month lease of a 2009 Camry SE with 15,000 miles per year are .00001 and 56%, respectively.
 
The money factor and selling price of the car that you want are the important numbers to focus on here. The residual value percentage that I mentioned is practically worthless for consumers because TFS places restrictions upon what options can be residualized. It is so difficult to figure out the actual dollar residual values of vehicles that TFS provides dealers with lists of the actual dollar residual values for the specific units that they have in stock rather than relying upon them to calculate them on their own using the percentages like most other banks do.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#441 of 518
Re: '09 Camry LE - Lease help, please? [sounds_good] by Car_man HOST
May 06, 2009 (2:29 am)
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Replying to: sounds_good (Apr 19, 2009 10:12 am)

Hi sounds_good. It's nice of you to help your grandfather out. Since you are both new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
Check them out and let us know if you have any other questions.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#442 of 518
Re: 2009 Camry Hybrid [hybrid305] by Car_man HOST
May 06, 2009 (2:41 am)
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Replying to: hybrid305 (Apr 21, 2009 10:46 am)

Hi hybrid305. Unfortunately, you are in Toyota's Southeast region. As you may already be aware, Toyota does not sell vehicles directly to dealers in your area. Instead, all vehicles must go through a distributor, SE Toyota. SE Toyota requires dealers to use its own finance company instead of Toyota Financial Services. I am sorry to say that I have not seen SE Toyota Finance's current lease program. Sorry that I could not be of more help.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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