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Prices Paid: Buying & Leasing Experiences Toyota Tundra Lease Questions
221 messages, Last post on Sep 02, 2008 at 8:08 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Question: Lifts on Tundra Crew & WarrantyI ordered a 08 Tundra Crewmax 4x4 this week. I am going to put a lift on it when it comes in through the delearship (they send it out). I went to 3 different Toyota delearships and asked about the lifts. One said that I can get a lift no more than 6"'s (which is what I want), the other two said no more than 3" (which is okay). Does anyone know the answer? Are there any articles? If you have a lifted Tundra, do you like the lift. Thank you, Rich from Phoenix, AZ. |
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2007 Toyota Tundra Crewmax Limited Pickup, 5.7L Anyway - I've heard that for people (my wife) that like to turn over cars < 3 years, leases are an attractive option. There's a lease "assumption" that's available quasi-locally (private party) that I'm considering: 2007 Tundra, 5.7, 4wd, crew cab. Est purchase price $41k $5000 down (I pay the guy currently leasing it) Lease started in 7/2007. 12k/year mileage allowance (this is OK, as the wife could walk to work) Currently has 8500 miles. Lease cost: $339/mo for a total of 36 months (from 7/2007) I believe the residual is: 56% Deal / no deal? The payments are unusually low - he says he put $7500 down + some trade it, which is why he's asking for the $5k. General comments? |
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Replying to: cb1000rider (Mar 19, 2008 1:10 pm) |
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Replying to: cb1000rider (Mar 19, 2008 1:10 pm) |
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Replying to: cb1000rider (Mar 19, 2008 1:10 pm) Remember, you need to work a deal just like buying it. I have seen those 40k trucks going for as much as 10k off, with rebates (currently 2750 I think) Lets say you can lease that 40k truck for say 33k. You pay any tax/fees. I bet it would be close to 450. New, no miles and cash left in your pocket. I'm just estimating of the top of my head but I have leased 5 toyota trucks over the last 20 years. Their is also a web sight I stumbled across once that had leases from all over the country you could assume. Pretty much any make model you could want. BMW, Lex, toy, american. I noticed some very sweet deals but didnt investigate any closer. Do a google or two and I bet you could find it. And in regards to money down. Fine when you buy it, when its paid you have equity, you can perhaps get the downpayment back in a sale or trade. When you lease their is RARELY any equity to trade. Good luck. |
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Replying to: cb1000rider (Mar 19, 2008 1:10 pm) Look for a brand new one. Pay only 1st mo, tax and dmv's up front, and keep that $5k in your pocket. If you find a truck you like, let me know the window price and I'll run the numbers for you.
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Replying to: ocautoseeker (Mar 22, 2008 4:03 am) What should the lease payment be for 24-48 months? 12k per year total walk in cash of $1000.00 |
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Replying to: jackel142 (Mar 22, 2008 8:34 am) TFS doesn't do 24 mo leases for 12k annual miles, only for 15k (I know... weird!), But, in my best educated guess, given I don't have the exact residual, mf, and cap cost for a specific truck... with drive offs only, assuming a cap cost reduction/discount of ~$4000, & 7% local sales tax, you'd probably be somewhere bewteen $475-$530/mo on a Tundy that carries a $42k list. Vehicle probably has a residual near 52% for 36 mo and 42% for 48 mo assuming 12k annual miles. Remember, with special subvented money factors, cash rebates do not apply. It's like choosing betwen the rebate and 0% financing on a purchase... you only get one or the other. Again, without an exact truck, I can't give you an absolute. |
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Replying to: ocautoseeker (Mar 23, 2008 2:37 am) 08 Double Cab 4X4 Limited It's located at Tri-County Toyota is Royersford PA. Local Sles tax is 6% MSRP is $42590.00 What shouuld the lease payment be with tax & tags down, 12k per year? Thanks!
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Replying to: ocautoseeker (Mar 23, 2008 2:37 am) Found out the "assumption" wasn't a deal due to asking up front cost. Also found other websites online that allowed me to compare lease assumptions. Ballpark, I can get into a 33-34k truck + tax for a $399 lease - use that as the "gauge" for new truck leases. Older lease assumptions may be worse, the Tundra was selling much better in 07. Residual.. Well, I haven't figured out if I'd actually want to buy it. No cost for turning it over through Toyota Financial. Anyone know if Toyota Financial will have the ability to negotiate a buyout on a lease - seems like there are going to be a good number of 07 Trucks that sold for higher prices than the discounted 08s and the residuals are going to be bad.
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