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Toyota Matrix: Lease Questions

25 messages,  Last post on Mar 20, 2009 at 2:56 AM

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What is this discussion about? Toyota Matrix, Car Leasing, Hatchback

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#18 of 25 Re: 2009 Matrix S AWD 36mo/12K lease numbers [careyd1] by Car_man HOST Nov 02, 2008 (5:49 pm)
Replying to: careyd1 (Nov 01, 2008 6:40 am) Hi careyd1. Wow, thanks for sharing such a detailed description of your lease. If you'd like, you can hop on over to the Dealer Ratings & Reviews to share your thoughts on your recent dealer experience there as well. Enjoy your new Matrix .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: careyd1 (Nov 02, 2008 6:08 pm) Car_man (Nov 04, 2008 8:23 pm)
#19 of 25 Re: 2009 Matrix S AWD 36mo/12K lease numbers [Car_man] by careyd1 Nov 02, 2008 (6:08 pm)
Replying to: Car_man (Nov 02, 2008 5:49 pm) You're welcome car_man! Thanks for all you do to keep these boards hopping. Question, can I edit the post above? I mistyped when I said the other car I bought on 10/31 was a Matrix. It was an Altima S 2.5 w/SL Package. I did post the complete write-up on that lease over there in the Altima Lease Questions forum.   This was my first time with a non-negotiation dealer and I'm left wondering if I could have driven an even harder bargain at a traditional negotiation-based dealership. I hope others will post their deals here for comparison. I do think I got a pretty good deal, however I wonder just how desperate manufacturers and dealers are going to get in the coming months with the economy and how low things will go.   All the best, CareyD Replies to this message: Car_man (Nov 04, 2008 8:23 pm)
#20 of 25 Re: 2009 Matrix S AWD 36mo/12K lease numbers [careyd1] by Car_man HOST Nov 04, 2008 (8:23 pm)
Replying to: careyd1 (Nov 02, 2008 6:08 pm) No problem CareyD. Unfortunately after a fifteen minute or so window has passed users cannot edit their posts. You can always re-post the message again with the correction if you'd like.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#21 of 25 Re: Should I lease or buy the Matrix [gowthaman] by texasgirl2 Nov 06, 2008 (7:46 am)
Replying to: gowthaman (Aug 19, 2008 10:14 am) My advice to you would be to never lease a car unless you use it as a company car and they are paying for it. My advice would also be never to trade in a car at the dealership and don't get financing through the dealership unless you have a perfect credit score.   In my experience, (I used to be in customer service for a major car manufacturer, NOT TOYOTA) the easiest way to get "ripped off" is to do the above things. I'm not saying it ALWAYS ends up that way, clearly leasing works best for some people.   If you buy a new car and only drive it on the weekends, you are going to have a nice, newer car in a few years that only has a few miles on it and the resell value will be higher. Plus, Toyotas hold their resell value like crazy. I has an 07 XR that got totaled about 2 months ago and I ended up getting $2500 more than I owed on it because: 1. I did a lot of research on pricing 2. Added some options 3. Got good financing through my bank   Just my .02   Replies to this message: careyd1 (Nov 06, 2008 9:11 am) texasgirl2 (Nov 10, 2008 9:37 pm)
#22 of 25 Re: Should I lease or buy the Matrix [texasgirl2] by careyd1 Nov 06, 2008 (9:11 am)
Replying to: texasgirl2 (Nov 06, 2008 7:46 am) Hi Texasgirl, I agree with one principle in everything you said above…that is the "don't get yourself ripped off" part. The rest of what you said are really blanket statements based either false or very shaky information. Not very useful to folks who are perusing a forum specifically dedicated to finding good lease deals.   I'm a small business owner (literally a mom and pop business) and we lease both our company car and our personal car. It works well for us and we appreciate the payment savings that would normally be going towards building equity in our vehicles. We don't want or need to build equity in our vehicles. We choose to free up that capital and build equity elsewhere in appreciable assets like our home.   Of course, being a smart lease shopper is required. Yes, you can get 'taken' on a lease if you are foolish and uninformed-but that pretty much goes for anything.   Therefore...   You need to get comfortable with residuals, money factors and other lease variables such as acquisition fees and disposition fees. Do NOT shop payment amount only without fully grasping these things. Understanding them will allow you to determine what cars are 'leasing well'. Just looking at sticker price alone (or those crazy payment offers in the newspaper) will probably bring you more confusion than clarity. Learn the principles and you can run your own numbers.   As far as not doing manufacturer financing, that all depends. As a matter of fact, the very best money factors in the industry are coming from companies like Nissan and Toyota financial right now. Especially Toyota at this time. Nissan has slightly higher money factors but generally an extra point or two of residual which basically mitigates this in the payment amount.   So, leasing is a very good thing for certain buyers. It's something that generally must be evaluated based on your own needs. Blanket statements for or against simply are not useful or beneficial to anyone. Replies to this message: texasgirl2 (Nov 10, 2008 9:37 pm)
#23 of 25 Re: Should I lease or buy the Matrix [careyd1] by texasgirl2 Nov 10, 2008 (9:37 pm)
Replying to: careyd1 (Nov 06, 2008 9:11 am) As I said, it does work out for SOME people better to lease. And anyway, if you own the company, seems like it could be used as a tax write off. Like I said, I can only speak from my experience. It's good to do your own research....which is what forums are all about!
#24 of 25 What are current Rates? by lch77 Mar 12, 2009 (11:25 am)
Car Man, what are the factors for a 2009 Matrix S AWD for 36 months with 10, 12, & 15K miles and how much is the current rebate? I was told the money factor is an attractive .00084 with a 54% residual. Are these correct? Is there a rebate too that can be used to reduce the Cap Cost? Replies to this message: Car_man (Mar 20, 2009 2:56 am)
#25 of 25 Re: What are current Rates? [lch77] by Car_man HOST Mar 20, 2009 (2:56 am)
Replying to: lch77 (Mar 12, 2009 11:25 am) Hi lch77. The money factor that you were quoted for the Matrix is correct. Its lease program varies by region, but the .00084 factor is the most widely available one. Toyota is providing consumer cash incentives on the Matrix right now, but that cash is not compatible with its special lease program.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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