- #86 of 361
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2007 Camry Lease Money Factors
by christostp
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Nov 01, 2006 (10:25 am)
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I just found out that there are actually 2 different Tier 1 lease programs offered by Toyota Finance, Toyota Motor Credit, Lexus Financial.
1. (Tier1 Special Lease Rate Discount )
Beacon Score 720+ - Zero Sec. Dep. - FL
The MF(money factor)= .001940
2 (Tier1 Encore Special Lease Rate Discount )
Beacon Score 720+ - Zero Sec. Dep. - FL
The MF(money factor)= .001840
FYI...I was told directly by a rep at TMC/LFC (Toyota Motor Credit/Lexus Financial Service) that the Tier 1 Encore program is what a previous or repeat Toyota/Lexus customer with a perfect pay history with them should be paying.
Does anyone know of any other Tier 1 programs or Encore programs for other Tiers that are offered?
Does anyone know what are the residual values that are being used for:
36/mo, 12K/yr lease? or 39/mo, 12K/yr lease?
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- #87 of 361
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Car_Man: Camry Hybrid Lease Questions
by stalnaker
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Nov 02, 2006 (1:31 pm)
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Car_Man:
I am interested in leasing a fully loaded Camry Hybrid (w/Option Combination C). The dealer is charging full MSRP, which is $30,730 (including the $620 destination charge).
Please give me money factor, residual, and lease payment for 3 years; 45,000 miles. When I calculate this on the Toyota.com web site, it comes to $518/month (assuming I pay the $400 acquisition fee, $500 security deposit, and first payment upfront). I think that sounds a little high.
Thanks!
Ernest
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- #88 of 361
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Camry Hybrid Lease
by moolman
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Nov 14, 2006 (1:12 am)
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I'm in the same situation as the person above so hopefully, Car_Man can help both of us out.
Camry Hybrid fully loaded. MSRP is 30730 just like the guy above. I want to lease the car for 3 years and 15K a year.
Anybody have any idea what the best residual and money factor should be from Toyota. I qualify for Tier 1 credit.
Thanks
Alex
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- #89 of 361
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Re: 2007 Camry Lease Money Factors [christostp]
by somd_driver
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Nov 14, 2006 (6:47 am)
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Replying to: christostp (Nov 01, 2006 10:25 am)
Christostp;
The Money Factors you have are better than quotes I am getting my local dealer in the DC area on Camry LE's. I'm hearing 0.00295, which is about 7.1%.
Car_Man and kyfdx:
Can you shed some light here? What are the Tier 1 Special lease rate MF's for a Camry LE Automatic in the DC area? I have the residuals from the dealer, on paper, but they simply told me the MF. Thanks!
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- #90 of 361
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Re: Toyota Camry: Lease Questions [Car_man]
by mrum
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Nov 28, 2006 (11:54 am)
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Replying to: Car_man (Aug 31, 2005 5:23 pm)
Hi Car Man -
Do you know of any lease specials on the Toyota Camry SE or LE in Southern California? I am comparing the Camry to the Mercedes C230.
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- #91 of 361
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Re: 2005 Camry damaged [leob1]
by Car_man HOST
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Nov 30, 2006 (4:15 am)
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Replying to: leob1 (Oct 27, 2006 7:09 pm)
I am sorry to hear that someone hit your car, leob1. That's never a fun situation to be in. You actually are lucky that your vehicle is leased though. As long as you have it repaired properly, you won't have to pay any sort of excess wear and tear penalty on it and the bank that you are leasing it through will have to absorb any diminished value that results from it having been involved in an accident instead of you. I have returned a leased vehicle that was hit by someone and repaired properly before, though it was not a lease through Toyota Financial Services, and everything turned out fine. Just make sure that you take your car to a reputable body shop to do the work.
Car_man
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- #92 of 361
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Re: 2007 Camry Lease Money Factors [christostp]
by Car_man HOST
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Nov 30, 2006 (4:20 am)
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Replying to: christostp (Nov 01, 2006 10:25 am)
Hi christostp. The lease program that you mentioned in your post is correct, however it is only for Camrys leased in Toyota's Southeast region. Toyota's Southeast region is an independent distributor that has different incentive and lease programs for vehicles than the rest of the country does. This is very helpful info for someone in the Southeast that wants to lease a Camry right now, but unfortunately it is not indicative of the lease program that is available in the rest of the country right now. I haven't seen Toyota's Southeast region residual values for this car, so I am sorry to say that I cannot help you out there.
Car_man
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- #93 of 361
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Re: Car_Man: Camry Hybrid Lease Questions [stalnaker]
by Car_man HOST
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Nov 30, 2006 (4:24 am)
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Replying to: stalnaker (Nov 02, 2006 1:31 pm)
Hi Ernest. Unfortunately, Toyota is not currently providing any sort of lease support on the 2007 Camry. As a result, if you want to lease one through Toyota Financial Services, you will have to pay its standard lease money factor. Its standard factors vary by region, but should probably be around .00275 to .00300 right now for consumers who qualify for its top credit tier. I haven't seen this car's residual values lately, but even if I had they really wouldn't be all that useful because of the way that TFS calculates leases on vehicles. Its published residual values are based upon a percentage of vehicles' base MSRP. It places a strict cap upon which options can be residualized and how much of their price can be residualized. TFS provides dealers with actual dollar residual values for every vehicle that they have in inventory that they then use to calculate lease payments. the percentages are very difficult to use to calculate any sort of accurate lease payment.
Car_man
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- #94 of 361
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Re: Camry Hybrid Lease [moolman]
by Car_man HOST
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Nov 30, 2006 (4:25 am)
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Replying to: moolman (Nov 14, 2006 1:12 am)
Hi Alex. Please see my previous post for the information that you're looking for. Thanks and let me know if you have any other questions.
Car_man
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- #95 of 361
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Re: 2007 Camry Lease Money Factors [somd_driver]
by Car_man HOST
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Nov 30, 2006 (4:44 am)
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Replying to: somd_driver (Nov 14, 2006 6:47 am)
Hi somd_driver. The money factor that you were quoted sounds about right to me. Despite the fact that Toyota is advertising lease payments on the 2007 Camry right now, it is not providing lease support on it. As a result, consumers who lease one through Toyota Financial Services right now have to use its standard lease money factor. I believe that its standard money factor varies by region, but it is probably around .00275 to .00300 for consumers who qualify for its top credit tier right now. This is in line with the factor that you were quoted.
Car_man
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