- #51 of 518
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Re: '07 XLE 4-Cyl info? [cvpacguy]
by Car_man HOST
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Jun 25, 2006 (8:17 am)
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Replying to: cvpacguy (Jun 12, 2006 5:54 pm)
Hello cvpacguy. If you were to lease a 2007 Toyota Camry XLE through Toyota Financial Services right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be around .00265 and 69% for consumers who qualify for its Tier 1+ credit tier. The numbers for an otherwise identical 36 month lease should be .00265 and 63%.
Car_man
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- #52 of 518
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Re: XLE V6 Offer [tedr3]
by Car_man HOST
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Jun 25, 2006 (8:20 am)
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Replying to: tedr3 (Jun 16, 2006 5:45 am)
Thanks for taking the time to share the details off this offer with everyone, tedr3. Detailed posts that contain vehicles' MSRPs, selling prices, and money factors like yours are very helpful for other community members.
Car_man
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- #53 of 518
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Re: '07 XLE 4-Cyl info? [Car_man]
by sgtslate
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Jun 25, 2006 (8:21 pm)
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Replying to: Car_man (Jun 25, 2006 8:17 am)
Car Man,
Doesn't Toyota have a weird system for residuals? I was reading the residuals are based on MSRP of the base model without options. I know the 4Runner Limited I just priced had a residual of 53%. It is a limited model with 3g's in options but the 57-58% listed on websites is based on the car without any options. So I am assuming the base XLE might have a 3 year residual of 63% but once you add options to your XLE, the residual will drop.
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- #54 of 518
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Re: High Mileage Leases? [Car_man]
by hgershman
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Jun 26, 2006 (6:26 am)
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Replying to: Car_man (Jun 25, 2006 8:14 am)
While we're on the subject...I may be looking at the 07 Camry SE V6 for a 36 month lease at 12,000 mi per year. If you know, what would the residual value percentage number be? Thanks.
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- #55 of 518
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Run Around??!!??
by moleary
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Jul 14, 2006 (6:37 am)
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This past week I spent about two hours on the internet (I used the Edmund's site almost exclusively) trying to purchase a 2007 Camry XLE (4cyl) with Leather and NAV in the Southeast.
I was looking for a zero in cap cost reduction, a $26K purchase price and a residual value of 63% on a 36 month, 12K mile per year lease.
The money factor I was using in my calculations was .00265.
That breaks down like this:
Cap Cost $26,000
Residual  63% (of MSRP): $17205.30
Money Factor: .00265
Payment: $355.87 + Tax
I kept hearing from the primary dealer that responded to my net inquiry that the 63% residual was not the right percentage. Everything else was ok.
Since I have NEVER known Car_Man to be wrong - where am I messing up?
Thanks in advance,
Michael
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- #56 of 518
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Re: '07 XLE 4-Cyl info? [sgtslate]
by Car_man HOST
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Jul 19, 2006 (2:25 am)
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Replying to: sgtslate (Jun 25, 2006 8:21 pm)
You are absolutely correct, sgtslate. Toyota Financial Services places limits on which options can be residualized and caps on the ones that it does allow. As a result, even though its residual values initially look fairly high they are not actually as good as they initially appear. It's a strange system that no other captive finance companies that I am aware of use.
Car_man
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- #57 of 518
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Re: High Mileage Leases? [hgershman]
by Car_man HOST
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Jul 19, 2006 (2:27 am)
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Replying to: hgershman (Jun 26, 2006 6:26 am)
Hey hgershman. If you were to lease a 2007 Toyota Camry SE V6 through Toyota Financial Services right now for 36 months with 12,000 miles per year its residual value would be 63%.
Car_man
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- #58 of 518
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Re: Run Around??!!?? [moleary]
by Car_man HOST
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Jul 19, 2006 (2:41 am)
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Replying to: moleary (Jul 14, 2006 6:37 am)
Hi Michael. Toyota Financial Services is not currently providing any sort of lease support on the redesigned 2007 Camry, so the .00265 lease money factor that you were quoted is right on the money. The 63% residual value is correct for a 36 month, 12,000 mile per year lease of a base '07 Camry through Toyota Financial Services. The problem is that TFS places restrictions upon which options can be residualized and caps on the ones that it allows. As a result, its residual value percentages are not as good as they initially appear for vehicles that are loaded with options. TFS is the only captive finance company that calculates vehicles' residual values this way. It makes leasing vehicles through it more expensive that it initially would appear.
Car_man
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- #59 of 518
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What should I pay?
by avalon2000
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Jul 26, 2006 (8:22 am)
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Can you help determine what I should pay for a lease?
NYC area
2007 Camry SE [fully equipped, every option except sat. radio]
MSRP $31,942 incl. deliv.
my price $29,088 + 8.375% sales tax
$0.00 down
for:
36 mo./15k
24 mo./15k
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- #60 of 518
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Re: What should I pay? [avalon2000]
by Car_man HOST
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Aug 07, 2006 (2:27 am)
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Replying to: avalon2000 (Jul 26, 2006 8:22 am)
Hi avalon2000. Toyota is not currently providing any sort of lease support on the 2007 Camry. As a result, if you were to lease one through Toyota Financial Services, you would have to pay its standard lease money factor. Its buy rate standard money factor varies by region, but in your area I believe that it is currently around .00275 for consumers who qualify for TFS' "Tier 1+" credit tier. This car's 36 month, 15,000 miles per year residual value is currently 50% and its 24 month residual is 56%. Even with all of this information, I really can't give you an accurate estimate of what this car's lease payment should be like right now because of the strange way that TFS calculates vehicles' lease payments. Its residual value percentages are only for vehicles' base MSRPs. It places restrictions upon which options can be residualized and caps on the ones that it allows. Dealers can easily estimate vehicles' lease payments because they have computer systems that tell them the dollar residual value for any unit that they have in stock. Without the benefit of this system it is difficult to estimate what your car's residual value, and in turn its monthly payment should be.
Car_man
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