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Prices Paid: Buying & Leasing Experiences Toyota Sienna Lease Questions
272 messages, Last post on Dec 07, 2009 at 8:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: svw1 (Jun 01, 2006 4:58 pm) Regarding your lease offer, the dealer uses both MSRP and the "cash price" to calculate the monthly payment. Suppose you were to put enough money down to cover any fees associated with the lease (security deposit, document fees, etc.): For example, I'll use a residual value of 52% and money factor of .0018 (both of these figures are negotiable, BTW). MSRP: $36440 Capitalized Cost ("cash price"): $30883 Residual: $36440 x .52 = $18948 Rent (i.e. how much the car depreciated): $30883 - $18948 = $11935 Monthly Rent: $11935 / 36 = $331.52 Interest: ($30883 + $18948) / .0018 = $89.70 Monthly payment before tax: $331.52 + $89.70 = $421.21 Sales Tax (7% for example): $421.21 x .07 = $29.48 Total payment: $421.21 + $29.48 = $450.69 I'd say your current offer isn't so great. Use the cash price above and plug in the dealer's money factor and residual % to figure how what your payment should be.
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Replying to: graff48 (Jun 04, 2006 8:09 am) |
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Car_man: Looking for your help on info for the following in Western Upstate New York region (8% tax) LE8 w/BZ package I'm told the MSRP is $28,574 want to lease for 36 months, 15,000 miles/year [may need to go to 18,000 miles/year - what changes in the calculation when doing that? - is it better to get 18,000 miles up front or pay for additional miles later?] What would the money factor, residual and payments be? (assuming I am at the top credit rating). I'd like to get the variables going into the lease calculation (for 15,000 and 18,000) and then the payment amount so that I can do it myself to see if I get it right. Also - Have never leased a Toyota: - is there an aquisition fee - is there a dispostion fee - is there an end of lease excess damage waiver? (like Honda's $1500 waiver? - just had my final end of lease inspection for Honda Odyssey and it went really well, even with many little dents and scrathes - and even one dent I thought they would charge me for - and I think they will even waive two tires that need to be replace) Thanks a lot!
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Replying to: Car_man (Mar 26, 2006 6:28 am)
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Any help would be appreciated on my first potential lease. How much should I be paying for a lease payment for a 36month Sienna XLE p6 12K. Excellent credit rating. Thanks.
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Replying to: roxie1298 (Jun 10, 2006 8:55 am) If you were to lease a 2006 Toyota Sienna LE through Toyota Financial Services in its New York region right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00170 and 58%, respectively assuming that you qualify for its Tier 1+ credit tier. I can't calculate an approximate monthly payment for this van without knowing its selling price. The last time that I checked, Toyota Financial Services charged a $400 acquisition fee on every vehicle that it leases. You can either pay this fee at signing or have it added into your van's capitalized cost to make it part of your monthly payment. I'm not sure if TFS charges a disposition fee. I don't believe that it has a damage waiver like Honda Finance does. Car_man Host Prices Paid Forums |
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Replying to: supercar4me (Jun 10, 2006 4:22 pm) Car_man Host Prices Paid Forums |
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Replying to: betty65 (Jun 20, 2006 6:45 pm) Car_man Host Prices Paid Forums
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Replying to: Car_man (Jun 26, 2006 1:54 am) This is for a 3 year 15K. Thanks for your help. P.S They add a $599.50 Doc fee to your first months payment. Is that a fee that is standard?
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Hi There, sorry for the posting again.. I did not realise there was a dedicated leasing sub forum.. I was wondering how I did..with my lease. I leased it in California, Daly City, from city Toyota. Leased a 2006 Sienna LE with package #2 for $1888.00 down(1st month+tax+reg+doc etc) and $279($259+tax)/month for 36 months, 15K miles per year. $14600.00 option to buy after 36 months lease exp. I think I see $24,500.00 as the price on the invoice somewhere. I leased it on the 4th of july week when they were having a special money factor (0.00098) for lease on the sienna. I walked into the dealership wanting to lease a RAV4, ended up leasing the sienna though. Did I make a good decision.. was I taken for a ride.. I did test drive the Honda..like the toyota better.. If anyone wants, I can give out the phone number for the sales person who helped me make this lease. Personally I think I did allright with this deal..not really sure though. I sometimes feel the van should have been $22500 or so. -Chris |
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