Ask the Car People.SM


Toyota Tundra Lease Questions

235 messages,  Last post on Apr 01, 2013 at 10:27 AM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Toyota Tundra, Car Leasing, Truck

Messages Page 22 of 24

#205 of 235 Carman by mcb3

Aug 27, 2008 (3:31 pm)

Replying to: ocautoseeker (Aug 25, 2008 11:44 pm)
Carman,
 
I live in Oklahoma and was recently quoted a Toyota Tundra Crewmax 5.7 4x4.
 
Details:
MSRP Base: $42,835
Installed Options: $1,890.00
Total: 44,725.00
 
Residual Value: 47%
Money Factor: .00265
Cap Cost: $33,163
Mileage: 12K per year
 
In Oklahoma we Pay Tax, Title, and License and they included it in the deal probably around $1300.
 
Quoted: 0 down $553/mo on 36 mo.
 
I figured it at around $480/mo. What did I do wrong? and is this a good deal for my region given this information.
 
Thanks

#206 of 235 by mcb3

Aug 27, 2008 (3:34 pm)

Sorry,
 
There cost they gave me was $ 42,163.

#207 of 235 Re: Carman [mcb3] by rlary

Aug 27, 2008 (5:18 pm)

Replying to: mcb3 (Aug 27, 2008 3:31 pm)
I think I would want to work the purchase numbers.

#208 of 235 ocautoseeker by stef3

Aug 29, 2008 (9:20 pm)

I kept on delaying the lease of my truck but I think now is the right time.
You have been a good "teacher" in the past but I still need your help.
I am trying to get one of these Tundra Limited 4x4
 
First choice VIN number 5TFBV58158X060301 ( MSRP $41520 )
 
Second choice VIN number 5TFBV58178X068271 ( MSRP $42140)
 
If you could run the numbers for a 36Month/15000 Miles lease tax rate 7.75%,
I will be greatful until the end of this year ))
 
One more question : can you ID a California dealer by this dealer number?
 110-04066
 
Thank you!!!

#209 of 235 Re: ocautoseeker [stef3] by ocautoseeker

Aug 31, 2008 (1:15 am)

Replying to: stef3 (Aug 29, 2008 9:20 pm)
Stef3,
 
I don't know which dealer that is, sorry.
 
I have the info and I'll run the numbers in the morning.
 
Hang tight for a few hours... I need to get some sleep.

#210 of 235 Re: ocautoseeker [stef3] by ocautoseeker

Aug 31, 2008 (2:14 am)

Replying to: stef3 (Aug 29, 2008 9:20 pm)
Vehicle # 1:
 
MSRP: $41,520.00
Invoice: $37,699.00
Residual: $19,485 (47%)
Terms: 36 mo / 15k annual miles
MF: .00016-.00066 (ask your dealer what the buy rate for tier 1+ is in your region)
Incentives: $1000 Bonus Cash (compatible with leases)
 
If they capped the cost at invoice, then utilize the $1000 bonus cash as a down payment, with OC sales tax (7.75%), you'd be OTD for $524.91/mo.
 
Now, the dealer has another $775 in holdback, and $387 in wholesale financial reserve - basically, another $1162 of profit for you to work with. If they give you all of that + the $1000 lease cash, you'd be at $489.93/mo.
 
These lease figures assume a .00016 mf (if available in your region), and do NOT include TFS's acquisition fee of $550. This fee can be rolled in or paid as part of your inceptions.
 
In addition, this vehicle has an ad fee of $300 (TDA) and a gasoline charge of $10 on the factory invoice - just FYI.
 
Now, if you decide to purchase, the rebate is $5500, or 0% + $1000 Bonus Cash. If you took the rebate and if the dealer gave you all of his hb and wfr, you'd be almost net $10,500 off MSRP. Again, just FYI.
 
I'm tired... I'll run the numbers on Vehicle #2 in the morning.

#211 of 235 Thank you, for your help by stef3

Aug 31, 2008 (8:59 am)

The dealer wanted $570 for this one so I have some room to bargain today.
=========================================================
 
For the second truck 5TFBV58178X068271 ( MSRP $42140) I will ask if he will add some options - stainless side steps, aluminum shift knob, sport pedals and exhaust tip -around $800
 
I think I should offer $510 out the door with $800 down and let's see what happens..
I have all day to make a decision so just take your time.
 
Thank you again

#212 of 235 Re: Thank you, for your help [stef3] by ocautoseeker

Aug 31, 2008 (3:04 pm)

Replying to: stef3 (Aug 31, 2008 8:59 am)
Vehicle # 2:
  
MSRP: $42,140.00
Invoice: $38,353.00
Residual: $19,610 (47%)
Terms: 36 mo / 15k annual miles
MF: .00016-.00066 (ask your dealer what the buy rate for tier 1+ is in your region)
Incentives: $1000 Bonus Cash (compatible with leases)
  
If they capped the cost at invoice, then utilize the $1000 bonus cash as a down payment, with OC sales tax (7.75%), you'd be OTD for $540.88/mo.
  
Now, the dealer has another $775 in holdback, and $387 in wholesale financial reserve - basically, another $1172 of profit for you to work with. If they give you all of that + the $1000 lease cash, you'd be at $505.60/mo.
  
These lease figures assume a .00016 mf (if available in your region), and do NOT include TFS's acquisition fee of $550. This fee can be rolled in or paid as part of your inceptions. If by chance the money factor being utilized in this region is .00060, your payment would be $567.89 and $532.05 respectively, depending on a cap cost of invoice, or invoice less $1172 (hb, wfr, gas).
  
In addition, this vehicle has an ad fee of $400 (TDA) and a gasoline charge of $10 on the factory invoice - just FYI.
 
Toyota lease rates are hard to keep track of as they vary quite a bit by region, but either way, as long as they fall within the range I gave you, from an apr perspective, you're still making out with either 0.38% or 1.44% - both very low!
 
As for the add on's, not sure how much, if any of that stuff can be residulized.
 
Good luck and keep us posted!

#213 of 235 Re: Thank you, for your help [stef3] by ocautoseeker

Aug 31, 2008 (3:38 pm)

Replying to: stef3 (Aug 31, 2008 8:59 am)
Btw...
 
-DEALER NUMBER : 04018 DEALER NAME: CLAREMONT TOYOTA
 
-DEALER NUMBER : 04066 DEALER NAME: DCH TOYOTA OF OXNARD

#214 of 235 Re: Thank you, for your help [ocautoseeker] by stef3

Aug 31, 2008 (10:17 pm)

Replying to: ocautoseeker (Aug 31, 2008 3:04 pm)
Now this really pisses me off ... the suckers keep on telling me that they have no problem selling this trucks and they will not accept anything less than $599 with $1200 down for the truck as is.
I just pulled out a $51000 BMW for 604/mo with $1800 down with same lease terms so I refuse to pay almost the same for this $42000 truck.
I offered them $510 pls tax and $1000 down and no way ....
I cannot locate another truck with same color and specs so it looks that I will wait for the 2009 models. I am tired of this BS.
 
Thank you for all your help ...

Messages Page 22 of 24

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement