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Toyota Corolla Lease Questions

64 messages,  Last post on Nov 21, 2008 at 2:43 AM

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

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#44 of 64 Re: toyota corolla lease [azmom99] by sparkland Jul 25, 2008 (4:35 pm)
Replying to: azmom99 (Jul 23, 2008 7:26 am) "I strongly suspect that consumer auto leases (at least those sponsored by the auto manufacturers) will be history by the end of the year.   Chrysler has already announced that they will exit the lease business on August 1st. Cerberus Capital not only owns Chrysler and Chrysler Financial but controlling interest in GMAC as well. So I suspect GM will follow shortly.   Ford took a $2.1 billion charge for the quarter due to falling lease residual values.   Honda just released their first quarter financial report and noted that they expect falling lease residual values in the USA to cut their operating profit by $231 million. Just look at the residual calculations on 2006 Ridgeline's as an example of how wildly they miscalculated.   I believe the manufacturer sponsored consumer lease will soon be history. Only time will tell."   This information was quoted from "Joe" on the ROC site.   Interesting reading. Better get your lease while you can.
#45 of 64 Help!!! Lease 09 corolla LE VS 09 Honda Fit by movingsale45 Aug 17, 2008 (7:11 pm)
San Francisco Area: want to know the Residual Value , Money Factor for 09 corolla LE , VS 09 Honda Fit, and which is a better deal , need a car next month ! thanks in advance. Replies to this message: Car_man (Aug 25, 2008 2:24 am)
#46 of 64 Re: Help!!! Lease 09 corolla LE VS 09 Honda Fit [movingsale45] by Car_man HOST Aug 25, 2008 (2:24 am)
Replying to: movingsale45 (Aug 17, 2008 7:11 pm) Hi movingsale45. I have not seen Toyota's specific lease program for its San Francisco region, but the money factor for the 2009 Corolla is currently .00188 for Tier 1+ customers in every other region that I have see its lease program for. This leads me to believe that it is likely .00188 in your area right now as well. Toyota Financial Services' current residual value for a 36 month lease of a 2009 Corolla LE with 15,000 miles per year is 61%. The problem with TFS' residual values is that they are only for base models. It places restrictions upon what options can be residualized, making it difficult for consumers to accurately calculate what the dollar residual values for specific units should be.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#47 of 64 Is this a good deal? by wondra14 Aug 25, 2008 (2:58 pm)
Car_Man -   Wife and I (located in South Orange County, California) are gonna lease a new 2009 Toyota Corolla LE 4dr Sedan. Here's what the lease details include. 36 month lease with 12,000 miles per year. Zero down with zero out of pocket to drive off the lot. Therefore we'll make a total of 35 montly payments. Our monthly payment would be $255. Would you consider this a good deal?   Thanks in advance. Replies to this message: Car_man (Sep 16, 2008 2:20 am)
#48 of 64 I am thinking (lease ) 90 Corolla S VS 09 Honda Fit Sport ? which is better by movingsale45 Sep 02, 2008 (11:16 am)
I am thinking (lease ) 90 Corolla S VS 09 Honda Fit Sport ? which is better deal SF BayArea, CA thanks Replies to this message: Car_man (Sep 16, 2008 2:50 am)
#49 of 64 09 Corolla S Lease - Good Deal? by amurphy7 Sep 11, 2008 (11:40 am)
Hello everyone, I'm trying to assist my mother in leasing a new vehicle. She's been quoted $300/mo with $1k down for a '09 Corolla S 3yr/36k lease. I haven't seen the car or the option list - I just got off the phone with her. Personally, I think this is high. She said the residual is $10.5k. I'm no leasing expert, but I'd expect something in the mid $200/mo range. Heck, my wife's '08 Ford Edge has a $30k sticker on it and we pay $360/mo with zero down for a 3yr/36k lease. Please advise. Thanks! Replies to this message: sportjunkies1 (Sep 12, 2008 8:19 am) amurphy7 (Sep 16, 2008 3:32 am)
#50 of 64 Re: 09 Corolla S Lease - Good Deal? [amurphy7] by sportjunkies1 Sep 12, 2008 (8:19 am)
Replying to: amurphy7 (Sep 11, 2008 11:40 am) where does you mother live and I can be able to help you. Replies to this message: amurphy7 (Sep 16, 2008 3:32 am)
#51 of 64 by nagual Sep 13, 2008 (1:38 pm)
Here's my offer from a Los Angeles-area dealer:   Corolla LE 12,000 miles/year (more than enough for me) No money down $257/month includes taxes .00188 money factor about $500 to drive off the lot - includes first month's payment and DMV fees my negotiated price with discounts is $17,499 including the $650 acquisition fee About a 61-62% residual   It's a much better offer than I've received so far from other places on comparable cars. But can I get this lower somehow? I've never leased before, BTW.   Thanks.
#52 of 64 Re: Is this a good deal? [wondra14] by Car_man HOST Sep 16, 2008 (2:20 am)
Replying to: wondra14 (Aug 25, 2008 2:58 pm) Hi wondra14. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing what this vehicle's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I am sure that either myself or another community member would be happy to give you their opinion of this deal if you let us know what these numbers are.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#53 of 64 Re: I am thinking (lease ) 90 Corolla S VS 09 Honda Fit Sport ? which is be by Car_man HOST Sep 16, 2008 (2:50 am)
Replying to: movingsale45 (Sep 02, 2008 11:16 am) Hi movingsale45. A 1990 Toyota Corolla will definitely be much less expensive than a 2009 Honda Fit. I kid, I kid. Just poking fun at the typo . If you are set on leasing, I suspect that the Corolla will be the better choice for you right now. Toyota is providing lease support on the '09 Corolla, but Honda is not providing any lease support on the Fit.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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