Ask the Car People.SM


Toyota Corolla Lease Questions

108 messages,  Last post on Nov 15, 2012 at 11:39 AM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Toyota Corolla, Car Leasing, Sedan

Messages Page 12 of 12

#103 of 108 Question on Lease Deal in NYC by chudrok84

Sep 17, 2010 (6:46 am)

Hey car_man & kyfdx,
 
I went to a Toyota Dealership in Queens, NY yesterday and walked out with these numbers, I want to run it by you guys to see what you think of the deal:
 
2010 Corolla LE
MSRP: $18000
Agreed Price: $16900, which he says is dealer invoice for this car. I checked on Edmonds and it's pretty spot on.
Residual: $10210
Bank Fee: $650
Money Factor: .00001 (ridiculous!)
Term: 3 yrs, 36000miles
 
My questions:
 
1. So, the dealer is saying that the total will be $228 a month. I did the math using the formulas and I came close to what he showed me. I got $222.03, a difference of 6 bucks. Should my number be spot on or is a difference of 6 okay?
2. Also, is it common that Toyota doesn't include Gap Coverage? The dealer said it can be purchased for $7 a month. Can I negotiate this to be included free of charge?
3. He gave me the residual value but I'm not sure of the residual percentage. How can I find the the residual percentage for this car?
4. I'm trying to bring the total monthly payment to $200-$215.If they won't budge on price then I'd like to try to get a moonroof included in the car for no additional charge. Do you think this is possible?
 
Please give me advice on some negotiating options I may have to bring the price down. Thanks you!

#104 of 108 Toyota Corolla Lease in Wisconsin by moe35

Oct 18, 2010 (10:53 am)

Car_man,
 
I am considering a lease of a basic Corolla LE. What is the current MF and Residual for a 36 month, 12k lease in my region (Wisconsin)?
 
Thanks!

#105 of 108 FYI: Corolla LE lease details -- 01/20/11 by bee213

Jan 22, 2011 (9:23 pm)

FYI
Here are the details of the lease I signed on January 20, 2011 in Massachusetts:
 
Dealer paid off my trade ($29,000 owed)
 
2010 Corolla LE Automatic
$214/mo. for 36 months
12k miles/year
 
$627 out of pocket (included my first month payment of $214)

#106 of 108 End a lease by jjadamo

Mar 01, 2011 (10:14 am)

I have a 2009 Toyota Corolla with one more year left on the lease. Once I have built equity into the car (I am guessing in about 5-6 months, once I make a few more payments, my balance I owe on the lease will be less than my trade in). A car dealer has told me an option for me to get into a new car would be for them to just buy out the lease. Would I be charged early termination fees for doing this? What other fees could I expect? Is this an option? I would be using the equity towards the lease of another car. (Not a toyota)

#107 of 108 2011 Toyota Matrix Lease Questions by frsa

Aug 24, 2011 (11:12 pm)

For San Francisco, CA
2011 Toyota Matrix Lease Questions, what is the APR and MF for 20112011 Toyota Matrix Base Model ? Thanks

#108 of 108 Corolla Question by kromix

Nov 15, 2012 (11:39 am)

Car Man,
 
What is the Money Factor and Residual for a Corolla L model basic in South Florida for November??
 
Corolla Base L Model with Automatic
  
Price: $17,576.37
Term: 39 Months
Rate: .00191
Residual .66 - $11814.00
  
$800 Cash Due at Signing Includes 1st month payment
$239.98/month
  
Miami, Florida
  
Thoughts?

Messages Page 12 of 12

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement