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Prices Paid: Buying & Leasing Experiences Toyota Sienna Lease Questions
266 messages, Last post on Dec 01, 2009 at 6:17 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: tishn (Jun 21, 2008 1:22 pm) 
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What am I doing wrong here... I'm trying to figure out the finance fee (rent charge) on a 2008 Toyota Sienna LE (option package #1). Gross Cap Cost roughly $26,585. The dealer told me the residual is $14,790 and the Money Factor is .00093. If I put down $1,000.00 that would make the Net Cap Cost 25,585, right? So, using the Edmunds formula, If I add the Net Cap Cost of $25,585 to the residual ($14,790) that gives me a sum of $40,375. Multiply that by the Money Factor of .00093 and you get 37.54. What am I doing wrong?
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Thinking of getting a Sienna Limited to get rid of our 08 Accord. We are also looking at leasing a 08 IS350 and posted that in the IS forum. Please help me out with monthly payments. We are looking at 36 months 12K miles a year 0 down 8.8% sales tax Excellent credit What monthly payment would that be? |
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Replying to: dabeles (Jun 26, 2008 6:58 am) Shouldn't you be subtracting residual from net cap cost? In lease, you only pay for the usage and in this case, usage is $25,585 minus $14,790 = $10,795. Add the money factor to this to get your monthly payment. |
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What is the Sienna Limited FWD's lease residual value? what is the money factor for top tier credit? I want to figure out monthly payments.
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Just sharing my experience on today's purchase  2008 Sienna XLE FWD - 7 passengers Color: Gray Metallic Options: EVP Package# 3, 17" Alloy Wheels Lease for 36 Months 15K Miles/year $800 OTD including first month's payment Monthly Payment: $499 including 7% Local Florida Sales Tax I believe this is a great deal for a car with MSRP of ~$34K. Good luck everyone!
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Replying to: hause7 (Jun 30, 2008 6:46 pm) Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Sienna with 15,000 miles per year in its NY region are currently .00023 and 50%, respectively for consumers who qualify for its Tier 1+ credit tier. Keep in mind though that unlike most banks, TFS places restrictions upon what options can be residualized. This makes it very difficult to calculate vehicles' actual dollar residual values and it renders its residual value percentages practically useless. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: maweiss (Jul 11, 2008 8:12 pm)  ! Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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CARMAN: I live in Ohio and this is the offer I got on 2008 Sienna XLE Limited: MSRP:$ 40,323.00 sale price $35,789.00. For 36 months the payment is $596 a month with 12K miles a year with your fronts due a signing which amounts to $922.46. The front are your first payment, tax and tags. I need 15k a year for the miles. This look high to me. What should the lease payment be? Thanks alot for all you do! |
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Replying to: Car_man (Jul 15, 2008 1:33 am) Thanks. |
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