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You are in the Prices Paid - Buying & Leasing Experiences
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Toyota RAV4, Car Leasing, SUV
May 14, 2011 (11:35 am)
thank you verdi942,
closed the deal today
#492 of 549 2011 Base Model Rav- 4 Lease
Jun 09, 2011 (5:10 am)
Hey guys/gals, recently got a quote sheet from local Florida Toyota dealership and I wanted to see if someone could evaluate this lease...
Vehicle Price: 24,867.00
Market Discount: 2,259.00
Vehicle Selling Price: 22,608.00
Sales Tax: 1,454.79
Title, etc: 248.75
Dealer fee: 699.95
Rebates: 1000 grad school program, 500 customer loyalty
Cash Due at signing: 500
And per Toyota, they are absorbing the last two monthly payments of my current lease (although i haven't seen that in writing yet)
15k / mo - with 500 down is $264.00 / month
My main question is, the deal is for 2,000 down but with the grad school discount and customer loyalty, that's 1500 dollars they are "giving me"...that just doesn't seem fair. Any advice? I don't have the residual % or MF yet but credit is perfect
#493 of 549 Re: 2011 Base Model Rav- 4 Lease [fire3]
Jun 09, 2011 (5:35 am)
You mean 15k/yr? Just $500 up front out of your pocket?$264/mo? Not a bad deal, if true. Watch out for add-ons; make sure you get gap insurance [about $7/mo from Toyota]. Also, ask about the 2 yrs free service.
PS - Toyota's not "absorbing" the old lease payments; just excusing you from your contractual responsibility for them. Happens all the time, when they want to move the iron.
#494 of 549 Re: 2011 Base Model Rav- 4 Lease [verdi942]
Jun 09, 2011 (10:50 am)
Sorry, 15k/ yr.
The down payment was $2000 upfront but the customer loyalty and grad program reduce it to $500.
Once we go in to finalize the sale, they will break out everything which I am sure will show any add ons or extra fees.
I forgot to mention that they are "waiving" the first payment by pushing it back to the end of the month. I know that leases are normally first payment due when you buy but it appears they can push it back? Anything fishy about that?
In regards to the GAP insurance, I am out of Florida...should I get a quote through the insurance first or is it better to stick with the dealer?
#495 of 549 2011 RAV4 Residual and Money Factor
Jul 30, 2011 (12:11 pm)
Hi: Can anyone tell me the current residual %age and money factor for leasing a 2011 RAV4?
#496 of 549 RAV4 Lease Question
Jul 31, 2011 (4:05 pm)
Hi: Can anyone tell me the current money factor and residual value percentage being used for leasing a RAV4?
#497 of 549 Re: 2011 Base Model Rav- 4 Lease [fire3]
Aug 13, 2011 (10:35 pm)
It's almost always better to stick with your own insurance for gap coverage. Mine is $2/month with Amica.
#498 of 549 RAV4 Lease question
Sep 26, 2011 (4:16 am)
I am getting the followig from a local dealership in MA. Just looking to see if these numbers look good. Trading in my wife's Mazda MPV LX 2003 with 53,000 miles on it. This is for the RAV with 3rd row.
Term is 36 months
Money Factor 0.00065
Selling Price is $22,257.00
Sales tax on lease is $483.84
Trade allowance is $3,000.00
Base Monthly Payment $215.10
Here are the details on the RAV
Vehicle Base Model ..........................:$ 22475.00 $ 22475.00
50 State Emissions .........................
Value Package (Savings of up to $540): ..... 150.00
includes 17-in. 5-Spoke Styled Steel .......
Wheels with P225/65R17 Tires and Full-Size .
Spare Tire on 17-in. Steel Wheel, Daytime ..
Running Lights (DRL), Roof Rack and ........
Privacy Glass (Rear Side, Quarter and Rear .
Door Windows) ..............................
Fabric-Trimmed 50/50 Split & Stow 3rd Row .. 940.00
Seat with Fold-Flat-Into-Floor Capability ..
and Height-Adjustable Headrests (Hill .....
Start Assist Control and Downhill Assist ...
Control included with 3rd Row Seats) .......
(Replaces 2nd Row Seat One-Touch Fold-Flat .
Levers and Rear Deck Cargo Foldable Deck ...
Total Accessories ...........................: $ 1090.00 $ 1090.00
Destination Charge ..........................: $ 810.00
Total .......................................: $ 24375.00
#499 of 549 Is this a decent deal?
Oct 05, 2011 (8:24 pm)
First off, I love the suv and the features and color, but I am wondering if the deal is good enough and whether it is a better idea to lease or buy. We are trying to lease or purchase a base model 2011 Rav 4 with some upgrades like bumper strips on the doors and tinted rear view and privacy glass...none of the other pricey extras. They are quoting us :
MSRP 24, 537.00
- 400.00 (savings)
+ 2, 076.00 taxes (8.6%) LA
+ 250.00 (registration, title,etc.)
that with 60 mos. loan 2.99, $1000 college incentive and $2500 down, equals...
$409.89 a month for 5 years , with toyota care package for two years,3-5 year warranty, etc.
OR we could do a 36 mo. lease for $275 a month (including the money down and college incentive) and have the two years free oil changes care package, 3 yr. warranty, etc.
Do either of these sound like good deals? Also, they told us that they are only making $700 on the car at this price, and they can't quote lower because since it is almost a base model there is not much markup in the car. Does that sound truthful?
Thanks for your help!
#500 of 549 Re: Is this a decent deal? [eveangel7]
Oct 06, 2011 (9:00 am)
You need to share additional details about which base model you are looking at. Is it a 4 cyl all wheel drive model or 6 cylinder front wheel drive? What is the money factor and residual? $275 is too high if you are talking a base model and putting $2500 down. It should be closer to $175 or less.
I was able to get my 4 cyl Rav4 Sport all wheel drive down to about $24500 and my lease payment is only $270 a month wiht nothing down other than first month payment. $275 is too high if you are talking a base model and putting $2500 down.