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Prices Paid: Buying & Leasing Experiences Toyota Tundra Lease Questions
222 messages, Last post on Sep 17, 2008 at 2:23 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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!!!
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Replying to: stef3 (Aug 29, 2008 8:20 pm) 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. |
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Replying to: stef3 (Aug 29, 2008 8:20 pm) 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. |
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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
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Replying to: stef3 (Aug 31, 2008 7:59 am) 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!
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Replying to: stef3 (Aug 31, 2008 7:59 am) -DEALER NUMBER : 04018 DEALER NAME: CLAREMONT TOYOTA -DEALER NUMBER : 04066 DEALER NAME: DCH TOYOTA OF OXNARD |
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Replying to: ocautoseeker (Aug 31, 2008 2:04 pm) 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 ...
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Thanks ocautoseeker for the dealer codes ... I did some research and I got to this ... http://www.toyotadealerresponse.com/results.aspx If you want to know where your truck really is when a dealer is locating it for you just make a note of the actual dealer code when you look on the papers they present you and you might have another chance to work out a price instead of taking the offer from the dealer you are at ... |
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I am in ZIP Code 91730, have tier1+ credit, they used 0.00016 as money factor. I just checked my e-mail and got another offer from sales guy at 548.44 with 1200 down. Now this gets closer to what you were saying but they managed to screw up my day and I did not answer yet. What do you think about this offer? Should I push back with what you were saying? Cap the cost at invoice, then utilize the $1000 bonus cash as a down payment, tax (7.75%), OTD for $540.88/mo. I will sleep on it ...
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