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Toyota Tundra Lease Questions

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

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

Messages Page 10 of 25

#83 of 235 2007 Toyota Tundra Double Cab Lease Program by sbarney7

Aug 30, 2007 (7:24 pm)

I am getting ready to lease a 2007 Toyota Tundra Double Cab with a MSRP $35,816 (with additional options) the sale price is $33,288. in Rhode Island
 
The dealer is giving me $7500. for my 2000 Tundra trade-in
bringing the financed amount to $25,788.
 
The payment the dealer is quoting me (Tier 1+ financing)
a monthly lease payment of $375. for 36 months and 15k miles. What is the rate for Tier 1+ financing?
 
What is the new "special financing" incentive for leasing the Tundra prior to Sept 4th?
 
How do you figure the residual percentage?

#84 of 235 Re: 2007 Toyota Tundra Double Cab Lease Program [sbarney7] by sebring95

Aug 31, 2007 (5:35 am)

Replying to: sbarney7 (Aug 30, 2007 7:24 pm)
I dunno, but you're getting ripped off on that deal. You shouldn't be asking these questions here, they should be telling you what they used to come up with those numbers. Residual should be somewhere in the $19,000 range. Never put anything down on a lease, that's my recommendation. Sell your truck outright or have them cut you a check for the $7500 and put that in your pocket.
 
As for the purchase price, that seems quite high too. Invoice on a $35,000 Tundra should be around $32,000 plus there is a $3,000 rebate in your area. So a good deal would be $29,000. Sounds like they're giving you the rebate plus $500 off sticker. Big deal. It's a buyers market on trucks, don't get taken.

#85 of 235 tundra leasing ? by hoogy

Sep 12, 2007 (4:39 am)

Son went to toyota dealer yesterday he said he could get him into a tundra lease between 300 - 400 per month. With no down payment and not to worry about mileage. I think that there is a catch somewhere. has any one else heard of this.
Thanks Hoogy

#86 of 235 Re: tundra leasing ? [hoogy] by sebring95

Sep 13, 2007 (8:05 am)

Replying to: hoogy (Sep 12, 2007 4:39 am)
Sure it's possible. Now, how good of a deal he really gets depends on the model/term/etc. He needs to see straight numbers, not just chit-chat. What's the purchase price, residual, money factor, etc. If he's just shopping payment it's pretty easy to get screwed over.

#87 of 235 Re: August lease programs [multiplechoice] by Car_man HOST

Sep 20, 2007 (3:12 am)

Replying to: multiplechoice (Aug 08, 2007 8:53 am)
Hey multiplechoice. Here's the information that you're looking for. Toyota Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 Toyota Tundra CrewMax Limited 2WD with 15,000 miles per year in the Los Angeles region are .00067 and 55%, respectively for consumers who qualify for its Tier 1+ credit tier. The money factor for an otherwise identical 36 month lease would be the same, but the residual value would drop to 49%. TFS' residual values for non-Limited models are much better. Also, keep in mind that TFS only publishes residuals for base vehicles without any options. Unlike most banks, it places restrictions upon which options can be residualized, making it difficult to calculate the actual dollar residual values for vehicles.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#88 of 235 Re: August lease programs cont. [jericho88] by Car_man HOST

Sep 20, 2007 (3:16 am)

Replying to: jericho88 (Aug 14, 2007 12:09 pm)
Hey jericho88. Toyota's lease program for this model in its Boston region is different than its Los Angeles region program. In your area, Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Tundra CrewMax Limited 4WD with 15,000 miles per year are .00017 and 51%, respectively for consumers who qualify for its Tier 1+ credit tier. The residual value for a lease with only 12,000 miles per year would be 2% higher. As I mentioned in my previous post, keep in mind that these residual value percentages are for base vehicles. Unlike most other banks, TFS places restrictions upon which options can be residualized. This makes it difficult to determine the actual dollar residuals for vehicles.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#89 of 235 Re: August lease programs cont. [jericho88] by Car_man HOST

Sep 20, 2007 (3:19 am)

Replying to: jericho88 (Aug 20, 2007 7:07 am)
Hey jericho88. The monthly rental fee is probably just the dealer that you spoke with breaking out the interest portion of your monthly payment. All leases through Toyota Financial Services have interest charges, regardless of what dealer you get your truck from.
 
The reason for the conflicting information that you are receiving about the residual values for the trucks that you have looked at is the confusing way that Toyota Financial Services calculates vehicles' residual values.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#90 of 235 Re: 2007 Toyota Tundra Double Cab Lease Program [sbarney7] by Car_man HOST

Sep 20, 2007 (3:27 am)

Replying to: sbarney7 (Aug 30, 2007 7:24 pm)
Hi sbarney7. I see that you are considering trading in your current Tundra when you lease a new one. There's nothing wrong with doing this, but it would be in your best interest to have the dealer that you are working with cut you a check for the $7,500 in equity that you have in your trade rather than using the proceeds as a capitalized cost reduction for your lease. I always advise consumers against making cap cost reduction s when leasing. The main reason I do so is that if your leased vehicle is totaled in an accident or stolen and never recovered, part or all of any down payment that you made may just disappear.
 
Toyota Financial Services' money factors for the 2007 Tundra vary by region. I believe that Rhode Island is in Toyota's Boston region. Its buy rate lease money factor for Tier 1+ customers in that area is currently .00017. TFS' current residual value for a 36 month lease of a 2007 Tundra Double Cab 4WD with 15,000 miles per year is 56%. Unfortunately, it is difficult to use this residual value percentage to calculate the actual dollar residual value for the truck that you are interested in because unlike most banks TFS places restrictions upon what options can be residualized.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#91 of 235 Toyota Tundra Lease Info by omahawright

Dec 04, 2007 (12:08 pm)

Hi Carman,
  
What are the current residuals and money factors on 08 Tundra's in the Omaha, NE area (KC region?)? I'm looking at an 08 Dbl Cab Tundra Grade with an MSRP of $31433 for 3yr/36k miles. Also, if you lease through Toyota, do you still get the incentives (currently $1500 if you buy)? I'm getting ready to talk numbers with a dealership and want an idea if whatever number they shoot me is fair or not. Thanks!!!

#92 of 235 Current 2008 Tundra CrewMax Limited lease deal? by golden411

Jan 04, 2008 (8:48 pm)

Can anyone post recent information on loaded 2008 Tundra CrewMax Limited lease rates/deals?

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