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Toyota Camry, Car Leasing, Sedan
#788 of 916 2009 toyota camry
Jul 27, 2011 (4:52 am)
I leased a 2009 camry and my lease will be up on may 2012 - 4 years lease, how much I should pay for this car if I want to buy it? My monthly payments are $199 and is a 4 cyl base camry which I leased with $2000 down . Here at Edmunds website they say a car depreciates 49 % after 4 years and since the value was $20000 should be about $9000 after the 4 years. Now, does Toyota follow this rule or they overprice the car? I'm from New Jersey.
#789 of 916 Re: 2009 toyota camry [slanwar]
by kyfdx@Edmunds HOST
Jul 27, 2011 (2:41 pm)
Part of the calculation of your lease payment included a pre-determined residual amount for the car. It should be right on the first page of your lease paperwork.
That is the rule that Toyota will follow. Whatever is in your contract. Edmunds opinion won't make any difference.
Most of the time, when you get a really low lease payment, the residual amount is unattractive.
#790 of 916 2011 Camry SE 4cyl lease #s please?
Jul 28, 2011 (2:09 pm)
Could someone post the current money factor and residual for a 2011 Camry SE 4cyl Auto, 36 month lease, both 12K and 15K miles per year in the Northeast region. Thanks!
#791 of 916 2011 Camry SE
Jul 29, 2011 (11:07 am)
I leased a Camry LE, 4 cyl, automatic (MSRP of $23711-base price + floor mats + cargo net) with the following terms:
capital cost: $22120
residual value: $14301
term: 36 months
money factor: 0.00001 (essentially 0 interest)
I did not pay any cap cost reduction.
monthly payment including 9% tax in state of PA: ($22120-$14301)/36*1.09 = $237
At signing I paid 1st month payment, acquisition fee and tags minus the $500 customer cash credit from Toyota.
#792 of 916 Re: 2011 Camry SE 4cyl lease #s please? [bedrock662719]
Aug 07, 2011 (8:44 am)
Hi bedrock662719. Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 Camry SE 4-cylinder with 15,000 miles per year in its New York region are .00025 and 61%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
The residual value for a lease with only 12,000 miles per year would be 2% higher.
Prices Paid: Buying & Leasing Experiences Forum
#793 of 916 Comments on this deal please.
Aug 07, 2011 (7:12 pm)
Just found this forum. Hope it's not to late for me. Any thoughts are appreciated.
I have been offered a 36month/12k mile lease in Connecticut for $310 for a 2011 Camry SE, 4-cyl, SE Value Package 1 and 17" alloys. Nothing more. Nothing down except $500 which includes first months payment. The "no haggle" price of this car is $24,265 off of a $25,495 listed MSRP. They are taking a 2009 Camry LE from me that I owe $800 on. I got the 2009 on Swap A Lease last year. (a deal that worked out very well for me) That lease is over on November 30th. There is a bit of excess wear and tear on the 2009 ( dented front bumper and too many scratches) and I suspect I will get hit with $500 to $700 for the damage. The $800 I owe on the old lease is getting rolled into the new lease. If I pay it off myself now I dealer say I will lower payment down to $290.
thanks for your time.
#794 of 916 MY Camry 2011 LE
Aug 08, 2011 (11:53 am)
I bought my black Camry LE 2011 in NYC , with Aloy Weels upgraded and floor carpets for total $20700 (before tax and fee). (They gave me $1000 credit cashback + $1000 for just graduated student + 0% APR for 60 months).
With tax + registration fee, finaly I need to pay $23000 in 5 years with 0% APR., $0 downpayment.
Everymonth, I need to pay $384
Do you think it is a good deal ?
Aug 09, 2011 (2:56 pm)
Just leased Camry LE 2011 from nor cal.
cap. cost ~ 20400
3 yrs 15k
residual ~ 13800
money factor 0.00035
bank fee 650
gap inrance 595
I also got 1500$ rebate on top of this.
After including all above costs and rebates, I paid 0$ while picking up the car.
will be paying 236$ for rest 35 months.
Is it a good deal?
#796 of 916 Re: Camry 2011 [dbayarea]
Aug 10, 2011 (1:21 pm)
Check with your car insurance company to see if they offer gap. Allstate will and it's adds about $5 more per month to your policy. ($5 *36mon = $180).
#797 of 916 Re: Toyota Camry: Lease Questions [Car_man]
Aug 11, 2011 (7:51 am)
I am about to lease a new 2011 Camry LE V6 in the PA area. Is this a good deal? $450 out of pocket includes all the paper work and first month and then 35 payment of $240 (including tax & fees) ??
Please let me know as I am looking to do this soon.