Last post on Nov 24, 2013 at 5:25 AM
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Toyota RAV4, Car Leasing, SUV
#43 of 549 Re: Toyota RAV4: Lease Questions [Car_man]
Dec 30, 2006 (10:46 am)
I am looking into leasing a 2007 Rav4 Limited 6 Cyl 4WD. The MSRP is $28,555, Invoice $25,878 (which includes leather and heated seats). I live in NY - Long Island. I do not plan on paying MSRP - more like invoice. They have a 2% holdback. What is the best monthly price I could get.
In 2005, I bought a Toyota Limited 4Runner for a couple of hundred under invoice ($30,717)and am paying $419.73 per month, which I thought was a good deal. In looking over that receipt, I noticed they charged over $1,000 for an acquisition fee - what is the difference between an acquisition fee and desitination fee? Who determines what the acquisition fee is? Also, he charged a rent charge - what is this. How is this calculated.
#44 of 549 RAV4:4WD Base 4 cyl offer
Jan 23, 2007 (10:07 am)
I am stuck between the Outback2.5i (as a loyal subie owner) and a this truck.
I was just offered today from a dealer in PA (I AM IN NJ), based on a MSRP of $22,350 and an Sale price of $21,980, of $320/month for 36 months, with 12K miles, and $1623 down (which covers 7% NJ Tax, $400 registration and title fees, and $320 for the first months payment).
Car_man does this seem like a good deal??
#45 of 549 RAV4 Residual and money factor.
Jan 24, 2007 (7:28 am)
Car Man what is the 3 year residual and money factor on a V6 AWD Rav4. I am getting pretty good offers from Rockland Toyota in NY. 26,000-27,500 msrp depending on options from mid 300's including sales tax. this is why i shifted my focus away from the Pilot.
#46 of 549 Re: Toyota RAV4: Lease Questions [shatzi]
Jan 26, 2007 (2:30 am)
Hello shatzi. Toyota is not currently providing any lease support on the 2007 RAV4. As a result, if you were to lease one through Toyota Financial Services right now, you would have to use its standard lease program. I would be happy to use this program to estimate what this truck's lease payment should be like for you. You never mentioned how long you want to lease for or what mileage allowance you need, so for now I will assume that you want a 36 month lease with 15,5000 miles per year. I will also assume that you are able to get this truck for $500 over invoice. According to my calculations, if you were to lease a 2007 Toyota RAV4 Limited 4WD with an MSRP of $28,555 and a selling price of $26,378 through TFS right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $381. The problem with this estimate is that TFS only publishes vehicles' base residual values. It places limits upon what options can be residualized and caps on the ones that it allows. If the truck that you are interested in has any options, and I assume that it does, your monthly payment will probably be over $400.
All banks charge an acquisition fee on leases, however $1,000 is way too high. I believe that Toyota Financial Services' current base lease acquisition fee is only $550. Dealers often try to mark acquisition fees up to add hidden profit to deals, so make sure that you don't pay any more than that. Your vehicle's rent charge is the interest portion of your lease payment.
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#47 of 549 Re: RAV4:4WD Base 4 cyl offer [ajfitzer]
Jan 26, 2007 (2:50 am)
HI ajfitz. I remember seeing your posts over on the Outback board. Let's take a look at the deal that you were offered on this truck. A base 2007 Toyota RAV4 4-cylinder 4WD has a spread of around $2,000 between its full MSRP and dealer invoice price. You were only offered a $370 discount on the specific truck that you are interested in. In my opinion, you should be able to do better than that. There's lots of competition in your area, you should shop around with a few other dealers.
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#48 of 549 Re: RAV4 Residual and money factor. [lawnmower]
Jan 26, 2007 (2:54 am)
Here's the information that you're looking for, lawnmower. Toyota is not currently providing any sort of lease support on the 2007 RAV4 in your area. As a result, if you were to lease one through Toyota Financial Services, you would have to use its standard lease money factor. The last time that I saw it its buy rate standard lease money factor was .00285 for consumers who qualify for its Tier 1+ credit tier. TFS' current 36 month, 15,000 mile per year residual value for a base 2007 RAV4 V6 AWD is 62%. The problem with this number is that TFS only publishes residual values for base vehicles without any options. It provides dealers with special lists of what options can be residualized and how much it allows. So this truck's effective residual value is probably several points lower than this.
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#49 of 549 What kind of deal is this?
Feb 01, 2007 (7:55 pm)
I'm located in Billings, MT. I am interested in leasing a 2007 Rav4 Limited 6 Cyl 4WD. Loaded with all the features the MSRP is right around $31,000. Assume that I will pay that amount with no down.
What should I expect to have for a money factor and residual?
The quotes that I've gotten from my local dealer pn a 36 month lease seem high on the payment ($515) and money factor (.0034) for someone with excellent credit.
Conversely the residual seemed low at $16500.
The dealer is saying that Toyota sets the money factor and the residual and he is unable to deal with me on anything. Is this true? Are these values accurate?
They just don't add up right to me.
#50 of 549 2006 rav 4 leased in June of 06
Feb 04, 2007 (8:11 am)
Please let me know if we got a good deal:
06 base V4 rav4 4x4 with 17" steel wheels for
0 down and 330(all inclusive) per month for 39 month?
#51 of 549 Re: What kind of deal is this? [higus]
Feb 18, 2007 (8:35 am)
You're in luck, higus. Toyota just introduced a special President's Day lease offer on the RAV4 in most of its regions. While the special lease money factor that is available through this promotion isn't amazing, it's better than the one that was available before it. this promotion is only available for the next couple of days. I don't recall exactly what the special money factor that is available through it is, but I believe that it's around .00245 or so for consumers who qualify for Toyota's Tier 1+ credit tier. The .00340 money factor that you were quoted is outrageous. You definitely should shop around with another dealer if there is one in your area. Toyota Financial Services' current residual value for a 36 month lease of a 2007 RAV4 Limited 4WD with 15,000 miles per year is 60%. The problem is that unlike most banks, TFS only publishes residual values for base vehicles. It places restrictions upon which options can be residualized and caps on the ones that it allows. This makes it difficult to estimate what payments on vehicles leased through TFS should be.
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