Last post on Nov 15, 2012 at 11:39 AM
You are in the Toyota Corolla
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Toyota Corolla, Car Leasing, Sedan
#102 of 108 Fuccillo Toyota Trying to Renege on Free Maintenance
Aug 22, 2010 (3:30 pm)
Please help...Fuccillo Toyota in Grand Island NY is trying to renege on the free maintenance portion of our lease agreement. My wife leased a Toyota Corolla in April of this year because Toyota was offering the nationwide free maintenance incentive. Now, in August, we are being told that they're not sure if we "qualify" for the free maintenance. Wasn't the free maintenance incentive offered to EVERYONE in April???
Carman and others please help!!!
#103 of 108 Question on Lease Deal in NYC
Sep 17, 2010 (6:46 am)
Hey car_man & kyfdx,
I went to a Toyota Dealership in Queens, NY yesterday and walked out with these numbers, I want to run it by you guys to see what you think of the deal:
2010 Corolla LE
Agreed Price: $16900, which he says is dealer invoice for this car. I checked on Edmonds and it's pretty spot on.
Bank Fee: $650
Money Factor: .00001 (ridiculous!)
Term: 3 yrs, 36000miles
1. So, the dealer is saying that the total will be $228 a month. I did the math using the formulas and I came close to what he showed me. I got $222.03, a difference of 6 bucks. Should my number be spot on or is a difference of 6 okay?
2. Also, is it common that Toyota doesn't include Gap Coverage? The dealer said it can be purchased for $7 a month. Can I negotiate this to be included free of charge?
3. He gave me the residual value but I'm not sure of the residual percentage. How can I find the the residual percentage for this car?
4. I'm trying to bring the total monthly payment to $200-$215.If they won't budge on price then I'd like to try to get a moonroof included in the car for no additional charge. Do you think this is possible?
Please give me advice on some negotiating options I may have to bring the price down. Thanks you!
#104 of 108 Toyota Corolla Lease in Wisconsin
Oct 18, 2010 (10:53 am)
I am considering a lease of a basic Corolla LE. What is the current MF and Residual for a 36 month, 12k lease in my region (Wisconsin)?
#105 of 108 FYI: Corolla LE lease details -- 01/20/11
Jan 22, 2011 (9:23 pm)
Here are the details of the lease I signed on January 20, 2011 in Massachusetts:
Dealer paid off my trade ($29,000 owed)
2010 Corolla LE Automatic
$214/mo. for 36 months
$627 out of pocket (included my first month payment of $214)
#106 of 108 End a lease
Mar 01, 2011 (10:14 am)
I have a 2009 Toyota Corolla with one more year left on the lease. Once I have built equity into the car (I am guessing in about 5-6 months, once I make a few more payments, my balance I owe on the lease will be less than my trade in). A car dealer has told me an option for me to get into a new car would be for them to just buy out the lease. Would I be charged early termination fees for doing this? What other fees could I expect? Is this an option? I would be using the equity towards the lease of another car. (Not a toyota)
#107 of 108 2011 Toyota Matrix Lease Questions
Aug 24, 2011 (11:12 pm)
For San Francisco, CA
2011 Toyota Matrix Lease Questions, what is the APR and MF for 20112011 Toyota Matrix Base Model ? Thanks
#108 of 108 Corolla Question
Nov 15, 2012 (11:39 am)
What is the Money Factor and Residual for a Corolla L model basic in South Florida for November??
Corolla Base L Model with Automatic
Term: 39 Months
Residual .66 - $11814.00
$800 Cash Due at Signing Includes 1st month payment