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Prices Paid: Buying & Leasing Experiences Toyota Tundra Lease Questions
224 messages, Last post on Jun 20, 2009 at 4:02 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: ocautoseeker (Feb 25, 2008 12:51 pm) As far as credit, I have 744, pulled just 3 days ago, and I am confident about this number ... I have leased from Toyota my previous 2005 Tundra, and I am leasing 3 other cars so I think I qualify for any promotion they might have. I have this quote from Crown Toyota in Ontario California, but I think I would get a better and easier deal with Longo Toyota. I just found a truck I would be interested in on their website: VIN: 5TFBV58148X053419 It is listed with MSRP $$40,503 Here is the link to the car: http://www.longotoyota.com/VehicleDetails/914545334 I would appreciate your help with this truck. When I finish the deal I promise to leave the deal details as reference for all you guys.
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Replying to: rlary (Feb 25, 2008 12:01 pm) I will do more work on this and let you know. |
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Replying to: stef3 (Feb 25, 2008 2:20 pm) Assuming a cap cost of invoice. .00059 = ~$537/mo .00029 = ~$520/mo (figures includes sales tax) If you roll in the acquisition fee, 1st month payment, and dmv fees so you have $0 drive offs: .00059 = ~$579/mo .00029 = ~ $560/mo (figures include sales tax)
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Replying to: ocautoseeker (Feb 20, 2008 3:27 pm) But I was really looking for some feedback on the deal. As I have friends/family members in the market for a new truck as well and wondered if I should refer them to this dealer or have them shop elsewhere.
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Replying to: ocautoseeker (Feb 26, 2008 12:54 pm) Today I found the perfect truck Tundra Double Cab Limited 2x4 The dealer was nice, but from start he pushed the numbers high and asked me to make a counter offer. Here are the data for this truck: Tundra Double Cab Limited 2x4 VIN: 5TFRV58188X049100 The sticker is $38502 including options and delivery: ====================================== OF, - TRD offroad BL, - BedLiner C4, - Carpeted Floor Mats C8, - Convenience Package - Stainless exchaust tip, pedals, shift knob anodized RB, - Stainless side steps 5J, - Rear view monitor with parking sensors 7J, - Licence plate bracket Delivery $685 ====================================== The lease terms I asked for 36months/15000miles. At this request the residual he gave me was $18812(by the book) The money factor was 0.00059 Drive off $1120 (including all fees and first month) The local tax rate is 7.75% His offer was $643 including tax. I know already this is out of question and I do not feel playing games for hours to get the numbers more realistic. I do not know how to calculate the lease in detail but I think with this drive off, I should be around $500 including tax and still give the dealer something over the invoice. If is not too much to ask please run the numbers for me so I will be more confident making a counter offer. What do you think shoud be a decent amount over the invoice? What is the 0.00029 money factor ? I have seen it on his list and in your calculations as well. Thank you again.
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Replying to: ocautoseeker (Feb 26, 2008 12:54 pm) Trying to run some numbers on various 08 Tundra CrewMax 4x4 Limited configurations. Can you please tell me the MF and residual for Tier 1 / Tier 1+ credit for 36 months / 15,000 MPY? Looking to make this happen this weekend. Thanks! |
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Replying to: stef3 (Feb 26, 2008 7:50 pm) That joker (dealer) hit you at full tilt on that quote!! Toyota also has a $550 acquisition fee, which most dealer's just roll into your payments, but I'd recommend paying it upfront in your drive offs - up to you, though. Now, with your excellent credit, you should get the "buy rate" mf of .00029, and assuming a cap cost around invoice at approx. $35,000, you should be out-the-door for ~ $502/mo. I'll get the actual invoice numbers for you in the morning, but it's gonna' be right around the numbers I just posted. |
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Replying to: newtoy08 (Feb 26, 2008 8:12 am) From your numbers, it looks like $33,000 is your adjusted cap cost which rolls in the 1st mo. payment, dmv fees, and acquisition fee which would roughly equate to around $1400 in which you would have paid up front in drive offs.. If this is the case, and again, I don't have enough information from your post(s), but guessing this is the scenario, it would appear that your initial gross cap cost was right around invoice, so yes, you did good. |
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Replying to: ocautoseeker (Feb 26, 2008 8:41 pm) This is the current deal I have: 2008 Tundra Crewmax 4x4 Limited - Factory Installed Accessories: FE AL KG NV RL SR BL CF MSRP - $47,046 My price - $42,368 He's telling me the residual for 36 Months/15K MPY is $22,931 and states there is no .00029 Tier 1+ rate. Is this right? Can you tell me what kind of payment I will be looking at with the .00029 and .00059 MF respectively? Assume I will pay all drive offs up front and tax rate is 7.75%. Thanks! |
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Replying to: threesixt (Feb 27, 2008 11:19 am) My numbers show that tier 1+ customers qualify for a base rate of .00029, but Toyota can be weird and limit it to certain models and trim levels (i.e DC, not Crewmaxx, 2wd, not 4wd, etc...)
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