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Toyota Tundra, Car Leasing, Truck
#18 of 235 Re: Tundra lease numbers in Colorado [probertstx]
Feb 28, 2006 (9:10 am)
I sure can, Paul. If you were to lease a 2006 Toyota Tundra Double Cab 4WD in Toyota's Denver region right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00025 and 61%, respectively. The Tacoma's lease program is much worse right now because Toyota is not providing any sort of lease support on it. The numbers for an otherwise identical lease of a 2006 Tacoma Double Cab 4WD should be .00265 (yuck) and 67%.
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#19 of 235 Re: 06 Tundra double cab 4x4 lease question [cyclone7]
Feb 28, 2006 (9:12 am)
Congratulations on your new truck, cyclone7. Thanks for taking the time to share the details of your lease with everyone.
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#20 of 235 Re: How can Toyota offer a $269/month lease on a $28K MSRP car? [dugnali]
Mar 08, 2006 (12:14 pm)
the reason toyota can offer that aggressive of a lease on the tundra is beacuse of the low money factor, high residual value and since they are redesigning the truck in 2007 they are offering a 3 year lease using a 2 year residual... if you qualify for leasing this deal is unbeatable!!
#21 of 235 Current lease deal questions
Mar 19, 2006 (10:46 am)
Using the options from the Toyota website for the truck that qualifies for the $269/$669 due at signing, I cannot duplicate that payment with a .00025 money factor and a $20,400 residual. Sticker with the options listed on the the site is $33,377. Can anyone offer some insight? Thanks in advance. By the way the dealers are playing dumb in my area with this lease deal.
#22 of 235 Toyota Tundra Lease
Mar 30, 2006 (6:12 pm)
I cannot believe all the excellent deals everyone on this forum is getting or being offered. I cannot find a dealer here in Tampa Bay, Florida to even come close to $299 a month for a Toyota Tundra Double Cab 4x2. The trucks I am looking at have around a $32,000-$33,000 msrp. One price I was quoted was $450/month with $500 down for a 36 month 15k miles a year. Another thing, I am reading on this forum that the residual is around 62% for this truck, but the dealers near me are saying that the residual is 52%. I am so confused and baffled by all of this. Why can I not get the deals that others on this forum are getting? Does anyone have any ideas?
#23 of 235 Re: Toyota Tundra Lease [miller14]
Mar 31, 2006 (7:28 am)
A few questions/things to consider:
Is it possible the residual on the 4x2 is substantially lower than the 4x4? Most of the deals I've seen were on 4x4's. Around here, a 4x2 is worth significantly less on resale even considering the upfront cost savings.
Are you looking at limited models? I believe most folks getting the low lease rates are buying SR5's. My fairly well equipped 4x4 SR5 stickered at $34,000 and I paid around $29,500. A 4x2 SR5 should be a lot less unless you're looking at limited models or adding NAV/RES to an SR5.
Are they quoting you residuals/pricing through Toyota Finance? That is the only way to get the low money factors and residual used for the promotion.
Is the lease promotion even still going on??
What price are they using as the selling price? If they're selling for MSRP, that's another reason the price could be high. For ever $1,000 they come off MSRP, you save over $28 in payment/month. You should be buying at close to invoice IMHO, whether leasing/cash/financing. Some dealers try to pretend MSRP is the only price they can use on a lease, but that's pure bull.
#24 of 235 Lease Option for Toyota Tundra 06 with trade in
Mar 31, 2006 (5:05 pm)
Hello, I love this forum, I have been highly enlightened on the subject of Lease vs Buying a truck, but I still need some help. Today I went to my Toyota dealer to talk about my 05 Tundra doublecab 2x4, I paid $29K for it 10 months ago. My payments with conventional loan is $574. I wanted to trade it in and get another truck for less $ per month. I was offered a 36 mo lease with my trade in truck for $569 a month with a value of $29K and at the end of the lease the value would be $16K something. to me, the smart part of this is that in three years time I can trade again and have a positive value of $16K. I'm not clear on negative equity carried over as one of my friends was telling me and of course NO one I spoke to has anything positive to say about leasing. What are the negatives can anyone tell me? And can you give me an 06 Toyota Tundra;access cab; v8 4wd stepside quote for Charlotte, NC thank you for any input!
#25 of 235 Re: Lease Option for Toyota Tundra 06 with trade in [retroco]
Apr 01, 2006 (7:52 am)
If your payoff on the current truck is higher than what they're going to give you on a trade, then you have to pay that difference somehow. That difference is considered negative equity. You could pay it in cash or roll it into the new lease. Leasing really isn't for everyone, and my opinion is if you're only doing it for a low payment, don't do it. Unless you have cash to invest other places or can take a tax deduction for your lease payments, you'll likely pay more for the vehicle by leasing (low payment not withstanding...). Toyota does have some attractive lease deals (if they're still offering them) but they also have decent rebates if you're buying. Trading out at 10 months is really bad financially.
And no you won't have positive value of $16k in 3 years, you'll have nothing. You'll either turn the vehicle in or buy it for $16k.
If you keep your current truck, it will likely be worth more than your loan balance in less than 3 years. THAT is positive equity. You're not likely to EVER have positive equity on a lease.
There's a reason a lot of folks are negative about leases: It's easy to get burned and most folks are not happy when it's all said and done. They have very little flexibility and for someone without any cash they are more difficult to get out of early.
#26 of 235 Re: 06 Tundra double cab 4x4 lease question [Car_man]
Apr 04, 2006 (9:05 am)
Car_man....finalized the numbers and am picking up my '06 Black Limited, crew cab, 4X4...MSRP $38,4XX. With $1000 down i'm at $319 for 3 yrs and 12K miles per year. $336 with GAP. I'm in the North East...
Thanks again for all of this informaion...GREAT SITE!!!
#27 of 235 New dealer lease factors
Apr 08, 2006 (8:57 am)
It now is 4/7/06, had read all the info here then, went to dealer last week they said leases were great on a crew 4x4 tundra TRD SR5, should be about 385 on a 15k/36month. Today they pull paper work a show a .00096 rate/ 59% residual and want 451/month with first month payment down. I mention the .00025 I was hoping for, they tell me that was last month and ended on the 4th. Was going to check other dealerships? I didn't mess with the the cap cost of 34k as I hope to get it down a bill or two but is the new rate gone up? I am willing to fly other places to buy my 3rd tundra as I would drive anything else but the dealer was pretty locked in.