Last post on Dec 04, 2013 at 11:27 AM
You are in the Toyota Camry
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Toyota Camry, Car Leasing, Sedan
#41 of 916 Re: ATL,GA lease prices?? [citymom]
May 29, 2006 (11:32 am)
Go to consumerreports.com and read their advice on leasing vs purchasing. Remember that you should go in with invoice price, available on many sites such as edwards.com, and then go in and offer about $300 to $500 above--start low. If they won't deal, advise that you are going to another dealer, then do so if they won't deal. Once you have secured a price, only then discuss what they will give you for your trade. Don't pollute the bargaining of the vehicle price w/ trade-in. After you agree on a price, THEN discuss lease or fiance. Lease prices are subject to negotiation as much as a new car.
Also remeber that many credit unios will lease or offer a purchase payment deal comparable to a lease. You have many options--explore them. Consumer reports is non-profit and commercial free.
#42 of 916 Any info on money factor or residual value???
Jun 03, 2006 (6:17 pm)
Any updates on what the money factor and residual is for the 07 Camry hybrid??
#43 of 916 Re: High Mileage Leases? [jaxs1]
Jun 11, 2006 (8:00 am)
what could I expect to pay for a 2007 camry lease on lower end model per month in KY with normal mileage requrements and little up front money for 24 or 36 months? Thanks, never leased before!
#44 of 916 '07 XLE 4-Cyl info?
Jun 12, 2006 (5:54 pm)
Anyone have the current residual and money factor info for a 24 month/12k and a 36/12k lease on a 2007 Camry XLE 4-cyl with no extra options? Thanks!
#45 of 916 XLE V6 Offer
Jun 16, 2006 (5:45 am)
For those interested in comparing, yesterday I received the following "first offer" from a Philadelphia area dealer for a 2007 XLE V6:
36 mos./36,000 miles
Cap Cost: $27,999
Payment w/tax: $447
I think that the money factor is about right, but from reading other websites I expected a higher residual (I saw 63% quoted for May). As I was walking out, the salesman assured me he could get the total payment (incl. tax) under $400.
#46 of 916 Re: XLE V6 Offer [tedr3]
Jun 16, 2006 (7:39 pm)
You list "payment" without saying how much money you need to pay up front nor what is the disposition fee and excess miles rate at the end of the lease.
You could get any monthly payment you want by just putting more and more money upfront.
#47 of 916 Re: XLE V6 Offer [jaxs1]
Jun 17, 2006 (4:36 am)
Jaxs1, I'm sorry you did not find my post helpful. I'm well aware that down money will reduce your payment. Here's (some) of the information you are interested in:
Cap. Cost Reduction: $0 (I assumed this was understood unless I stated otherwise)
Out of pocket: $1,019
Because I was not ready to negotiate, I did not discuss the breakdown of the out of pocket with the dealer, although I did see that there was no security deposit.
I did not discuss the excess milgage charge or the disposition fee with the dealer. But you raise an interesting point, does Toyota credit charge a disposition fee and if so how much?
#48 of 916 Re: XLE V6 Offer [tedr3]
Jun 17, 2006 (6:50 pm)
What dealer was this. I am looking for the same vehicle right outside Philly and have been getting higher quotes. $485/month for loaded XLE V6 with nav, smart key and remote start. The main problem is that nobody seems to have this car in stock!
#49 of 916 Re: XLE V6 Offer [sgtslate]
Jun 18, 2006 (5:10 am)
It was Conicelli on Ridge Pike in Conshohocken.
I don't recall seeing any cars with Nav on the lot.
BTW, I have now read that Toyota does not calculate the residual as a straight percentage of MSRP. Apparently, there is specific residual for the base model, and dollar amounts are added to that number for particular options. Maybe Car_man will tell us whether this is in fact true.
#50 of 916 Re: High Mileage Leases? [villebillies]
Jun 25, 2006 (8:14 am)
Welcome villebillies. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Toyota is not currently providing any sort of lease support on the redesigned 2007 Camry. As a result, if you were to lease one through Toyota Financial Services right now, you would have to use its standard lease program. Its buy rate standard lease money factor probably varies slightly by region, but it should be around .00265 for any length lease for consumers who qualify for its Tier 1+ credit tier right now. By normal mileage requirement, I assume that you mean 15,000 miles per year. Let me know if you only need 12,000. If you were to lease a base '07 Camry through TFS right now for 24 months with 15,000 miles per year, its residual value should be 68%. The number for an otherwise identical 36 month lease should be 62%.
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