Last post on Apr 01, 2013 at 9:27 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Toyota Tundra, Car Leasing, Truck
#115 of 235 Re: 2005 Tundra SR5 -lease buyout info [sebring95]
Jan 19, 2008 (7:43 pm)
I feel the same way ...I'm buying out this truck irregardless ..just because it offers me everything I want in a truck. I'm located in the NE so that's why the values may be a bit higher.
Yet again the saleslady called today...wants me to come in to discuss my options. I specifically asked for the finance manager ...& that ended that phone call. Suddenly, when you say your buying the truck ..these salespeople literally hang up on your ear..
In any event, just got paperwork for the odometer reading..& I will meet with the finance manager next week to get things rollin... Thanks again for the heads up...on the Slow Turnaround. Like you, I am starting the process earlier to get things in order..prior the the lease end. Hopefully, I will have a seemless transaction at the Toyota dealership. Again, I appreciate eveyone's feedback it has been very helpful.
#116 of 235 Re: 2005 Tundra SR5 -lease buyout info [2005tundra]
Jan 21, 2008 (7:07 pm)
For those of you discussing why the lease end value is high on the 05. Toyota credit had a deal in early 05. 36 month leases with 24 month residual AND less than 1% MF. It was a great deal but the end value was high for those that wanted to purchase. Its as simple as this: If you have a high back end you have a lower payment. If the back end is lower, you have a higher payment. obviously the 2nd choice would give you a better deal if you purchase the vehicle, but the bottom line doesnt change. Negotiate your best deal, get .000low money factor, 1/2 % interest is good people. Toyota lets people extend leases 6 months if payment history is good. sometimes this can be advantage to put you in a better season. Also lowers your buy out price and increases available miles.
#117 of 235 2008 CrewMax 5.7 SR5 4x2 Lease question
Feb 17, 2008 (10:40 pm)
Going to give Toyota a try after 6 Chevys. Went today to the local dealer after doing some online shopping and research. Found an SR5 4x2 5.7L with the following options: sunroof, jbl stereo w/ bluetooth, 18" aluminum wheels, dealer added bed liner. MSRP: $34500. Talked with sales manager, he said Tier 1+ credit, 36 month 15k year lease, $780 down $450 per month INCLUDING TAX. When I went to finalize deal, my wifes credit was Tier 1+ but mine was Tier 3 (credit score dropped 70 points since national mortgage crisis!!), he offered the truck to me for $0 down but $499 per month. I didn't even ask the residuals or all the pertinent numbers at that point, I just left. How does the deal seem? Thanks and looking forward to trying a Tundra!
#118 of 235 Re: 2008 CrewMax 5.7 SR5 4x2 Lease question [newtoy08]
Feb 18, 2008 (11:09 am)
I've leased since 93, and I'm now considering purchasing my new Tundra.
The 4k rebate and the 4k the dealership takes the 40k truck down to $32k.
With tax & tag down, my payment is at $540 for 72 months.
I think this works out better than the lease numbers.
#119 of 235 Re: 2008 CrewMax 5.7 SR5 4x2 Lease question [newtoy08]
Feb 19, 2008 (6:51 am)
Here are the numbers provided from the dealer-
Cap cost- $33500, Residual $18500, MF .00059, Sales Tax 7.75%, $0 down, $479 per month 36 month, 15K per year. Remember, wife tier 1+, me tier 3
We're in Southern California. Good, bad, or ugly?
#120 of 235 Re: 2008 CrewMax 5.7 SR5 4x2 Lease question [newtoy08]
Feb 19, 2008 (3:14 pm)
Cap cost only indicates a $1000 discount, you can do better. They should cap the cost on that truck at invoice - $1000 below, especially in socal.
#121 of 235 Re: 2008 CrewMax 5.7 SR5 4x2 Lease question [ocautoseeker]
Feb 19, 2008 (3:23 pm)
I have talked with like 5 dealers and carsdirect.com and they have all told me they can't beat this deal. Starting to get a little frustrated.
#122 of 235 Re: 2008 CrewMax 5.7 SR5 4x2 Lease question [ocautoseeker]
Feb 19, 2008 (4:41 pm)
is there some "dealer cash/incentive" on the '08 Tundra Dbl Cab's?
the dealer, in So Cal, I'm working with is setting the cap cost at 500 over + .00059 mf (which is the buy rate)
#123 of 235 Re: 2008 CrewMax 5.7 SR5 4x2 Lease question [newtoy08]
Feb 20, 2008 (12:07 am)
Tier 1+: .00029 - base rate
Tier 1: .00039 - base rate
Tier 2: .00074 - base rate
Tier 3: .00134 - base rate
If they capped the cost at $500 over, but then adjusted the cap cost to include your 1st month, dmv fees, and acquisition fee, then I'd say you're looking good. Can I assume that the $33,500 is the adjusted cap cost with the aforementioned items rolled in so that you're drive offs are $0?
#124 of 235 Re: 2008 CrewMax 5.7 SR5 4x2 Lease question [ocautoseeker]
Feb 20, 2008 (2:40 am)
I ended up going with the deal. Drive offs were $0, cap was $33000, residual was $17,500, I was told .00059 MF because my wife was Tier 1+ and I was Tier 3, 36 month, 15K miles per year, $489 per month. How did I do with my first Toyota deal?