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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 24

#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
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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
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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
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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?

#93 of 235 RE:Current 2008 Tundra CrewMax Limited lease deal? by builtit

Jan 04, 2008 (10:45 pm)

golden411, I am in Ohio and spoke with a dealer today. Here's what he basically told me. For a 2008 Tundra CrewMax Limited, example was MSRP $44,500, Cap Cost of $41,777, residual at $22,576. Money factor .00029. I don't see than as a any kind of good deal and I don't know if it's timing (new year) or the region I am located. I know that in the south region (i.e. texas) deals and trucks are more plentiful. Actually, if you try to build and price a vehicle, you get different screens based on your zipcode. In Ohio, they don't even let you select the SR5 model because they don't ship them into the Ohio/Michigan/Kentucky/Tennesse region. Another kicker is that the rebates vary by region if you consider buying ($2500 in Ohio vs $3000 in Texas). I don't think dealers in Ohio have very much incentive right now because they are not looking at volume like other regions do.....

#94 of 235 RE:Current 2008 Tundra CrewMax Limited lease deal? [builtit] by ocautoseeker

Jan 07, 2008 (3:27 pm)

Replying to: builtit (Jan 04, 2008 10:45 pm)
That deal looks like they capped the cost at about $750 over invoice with a money factor that equates to less than 1% APR! How is that a bad deal?
 
With special lease factors, you DO NOT get the cash rebates.
 
The only way you're described scenario would Not be a good deal, is if you're money factor was a typo. If the rate is .0029 (6.96%) instead of .00029 (0.696%) then you're right... nothing special.
 
If the rate is truly .00029, I'd have them knock another few hundred bucks off, then sign the paperwork and drive home in your new truck!

#95 of 235 Toyota Tundra Double Cab Questions by vcopell

Jan 07, 2008 (4:37 pm)

Dear Car Man or other kind people:
 
------------------------------------Toyota TUNDRA QUESTION -------------------------
Location: Texas
Model Year 2008
4.7L, Double Cab
Bedliner
Tint
Running board
Price quoted after Toyotal rebate: $25,411 (includes $3,000 factory rebate)
MF: 0.00029 (approx 0.7% APR rate)
 
I am looking to make sure that the MF and Residual are correct. I have not asked them for the residual yet but wanted to get actual or ballpark number for it.
 
--------------------------------------------- F-150 Super Crew Questions --------------
  
I am looking to buy F-150 SuperCrew. I am able to negotiate the following:
   
Cap cost - Purchase: $25,400 (after $4100 rebate)
(If they give me loan, it would be at 4.9% but I have to give up $1,500 in rebate)
  
CAP Cost - Lease: $26,900 with rebate.
Zip Code: 75006 (Dallas Texas)
   
I want to talk Lease Option with them for 3 yr with 45,000 miles. My credit is Excellent.
  
1: What are the MF and other costs that I should be worried about? They did say that the lease would be calculated at 4.75%. Is that equivalent to MF = 4.75% / 2400 = 0.001979? Does this not seem high?
  
2: What is the residual for this car?
  
3: What other things should I be careful about?
   
Can you please guide me here?
  
Also, if there are other pick-up trucks, I rather entertain instead of this, please suggest.
  
Thanks, vick
vcopellyahoo.com

#96 of 235 Re: Toyota Tundra Double Cab Questions [vcopell] by ocautoseeker

Jan 07, 2008 (11:59 pm)

Replying to: vcopell (Jan 07, 2008 4:37 pm)
Need the MSRP for the residuals. Ask your dealer if those rebates are compatible with the special money factors/ lease rates, most-likely they are not. The dealer has no reason to lie about this as they are bound to pass along those savings if they apply.
 
Go for the Tundra, more power and superior build quality over the Ford.
 
Why you not opt for the 5.7L engine? I can almost guarantee that it'll have a better residual value. Plus, it's more efficient along with being much more powerful than the previous generation 4.7L.
 
Invoice to $500 over invoice is a good deal on these trucks. If you decide to stick with the 4.7L, they should cap the cost at invoice.

Messages Page 10 of 24

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