Last post on Jun 18, 2013 at 4:44 PM
You are in the Toyota Corolla
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Toyota Corolla, Car Leasing, Sedan
#106 of 111 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 111 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 111 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
#109 of 111 2013 Corolla money factor and residuals
Jun 06, 2013 (11:47 pm)
Can you post the June 2013 money factor and residuals for 2013 Toyota Corolla L? Thanks a lot and I really appreciate your help.
#110 of 111 Buy off-lease vehicle?
Jun 16, 2013 (2:28 pm)
Any idea of how a person can buy an off-lease vehicle for the residual value. The current 2010-2012 off-lease Corollas are priced on the dealer lots at much higher prices than the original stated residual value in the lease agreement. Has anybody had experience selling a vehicle coming off lease directly to a private party for the residual value (and perhaps some extra cash to pocket)?
#111 of 111 Re: 2013 Corolla money factor and residuals [joey135]
by Car_man HOST
Jun 18, 2013 (4:44 pm)
Hi joey135. toyota's lease program varies depending upon which one of its twelve regions you are in. In most areas, Toyota Financial Services' buy rate lease money factor is a low .00001 for Tier 1+ customers.
TFS' residual values are misleading because they are only for base vehicles. It places restrictions and caps upon which options can be residualized, making it difficult for individual consumers to figure out what the dollar residual value should be for the vehicle that they want or to work up lease payments on their own. This is different than just about every other bank does it. So the 36-month, 15,000 mile per year residual value for a 2013 Corolla L is 58% for a base model. The effective residual value is something less than that.
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