Toyota Camry: Lease Questions

Hey ogbuffguy. If you were to lease a 2006 Toyota Camry LE 4-cylinder sedan through Toyota Financial Services in its Los Angeles region right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00190 and 56%, respectively for consumers who qualify for its Tier 1+ credit tier.

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#15 of 891 Re: November lease numbers by czr

Nov 17, 2005 (9:54 am)

Hey Car_man,

What is the residual and money factor for a 2006 camry in the metro nj area for 36 months 12,000 miles for tier 1 and tier 2 credit?

Would it be cheaper to get an 2005?

thanks in advance

#16 of 891 Northern California Camry XLE 4 Cyl Lease by mistertwister

Nov 25, 2005 (1:20 am)

Hi Car_Man,

I just finished leasing a BMW for myself and now I'm helping my father to lease a Camry.

In BMW lingo, there's a "MACO" marketing fee and "Training Fee" that the dealers are charged (and is added to their invoice). Does Toyota have equivalents? There's a bank fee called "Acquisition Fee" to get a lease started, it's $625. Does Toyota have something similar?

In order to get the best money factor, BMW requires a refundable deposit (roughly a month's payment). Does Toyota require the same?

My father wants to get a 4 Cylinder XLE. Do you happen to know the residual and money factor for that car in Northern California (San Francisco area)? Is there a site where it is all posted?

I heard that the options on Toyota's have a different residual value than the base car, is that so? If so, do you have those numbers as well?

And lastly, once I build the spreadsheet with all this data, what kind of deals should he expect to get in terms of markup from the invoice?

Thanks so much in advance!!!

#17 of 891 Lease of a Toyota Camry by polo1

Nov 26, 2005 (10:21 pm)

Hey Car_man.

I am in Miami area. I have no experience in lease, today at a Toyota dealer, they offered me a Toyota Camry 4 cylinder for $18,900, if I want to lease this car, how much could be my monthly payment.

By the way, what is he meaning of "rate lease money factor" and do you use it.

Thanks so much in advance!!!

Replies to this message:

mi_sat (Jan 07, 2006 8:59 am)

#18 of 891 by robertinohio

Nov 27, 2005 (7:02 pm)

I am considering a Camry LE 4cyl 4 DR Auto. According to the toyota web site, $229/Mo. � 36 Month Lease. $2,399 due at lease signing. Lease Factor .00120 Lease-end purchase option $11,410. The manufacturer�s suggested retail price for the 2006 Camry 4-Door Sedan LE Model 2532 is $20,101. I am in Cleveland Ohio Questions:

1. I want alloys. the dealer is saying it will cost me $1000 and does not residualize. It will cost me $30 a month extra. Is this correct? I really want them, but its not worth $30 a month.

2. I am using the $1000 toyota newspaper ad that can be applied to my best deal. I am trading in my 02 highlander 4x2 4cyl that has a buyout of $11,995. THe dealership is willing to give me $13,000, so I will get an extra $1000 down. What should my monthly payment be with 0 down? THey are telling me $268.

#19 of 891 lease purchase by allencali

Nov 28, 2005 (9:02 pm)

Hi Car_Man:

My toyota lease is up next month, do you know if Toyota Finance negotiating residual value?

Replies to this message:

davidlni (Dec 26, 2005 4:04 pm)
apprehensive (Nov 15, 2007 9:24 pm)

#20 of 891 Re: lease purchase by davidlni

Dec 26, 2005 (4:04 pm)

Replying to: allencali (Nov 28, 2005 9:02 pm)

Hi, I just talked to a dealership in Phoenix area. They offer me the 06 Camry LE model with the following leasing program.

1) Monthly payment $220 (including tax which is 8.1% here)
2) The residual value is about $11,400 (I dont negotiate on the car price, but the MSRP is $21,100)
3) My down payment is $2,500.
4) I have a 98 Ford Excort ZX2 to trade in and they give $2,500 for the trade in value. (Car with fair condition but good mileage which is about 89,000 miles)

I have done a simple calculation in order to get the basic figure of this leasing offer.

If I use the residual value of $11,400 with the 56% of residual percentage, the car price will be $20,357. And with $220 (including 8.1% of sale tax) monthly payment, the money factor will be about 0.000826.

So, I wonder if it's a good deal or not. Sounds to me is fair but dont know if this applies for a 06 Camry which is the last year model of this generation.

Thx.

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