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
#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?
#125 of 235 Re: 2008 CrewMax 5.7 SR5 4x2 Lease question [newtoy08]
Feb 20, 2008 (3:27 pm)
The deal's been made... just enjoy your new truck now. Congrats!
#126 of 235 Re: 2008 CrewMax 5.7 SR5 4x2 Lease question [ocautoseeker]
Feb 21, 2008 (7:17 pm)
Does anyone know if the lease money factors are going to also be available in March?