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Toyota Corolla: Lease Questions

83 messages,  Last post on Dec 04, 2009 at 2:53 PM

You are in the Toyota Corolla Forum. Your Hosts are pat & karens

What is this discussion about? Toyota Corolla, Car Leasing, Sedan

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#33 of 83 Re: Looking for Leasing Details on LEs [aaraji] by Car_man HOST Jun 16, 2008 (2:50 am)
Replying to: aaraji (Jun 09, 2008 3:36 pm) Hello aaraji. Maryland is in Toyota's Central Atlantic region. You never mentioned how long you want to lease this car for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.   Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Toyota Corolla LE with 15,000 miles per year are .00110 and 60%, respectively. Keep in mind though that TFS calculates vehicles' residual values differently than most other banks do. It places restrictions upon which options can be residualized, making it difficult for anyone other than dealers, who are given a list of the dollar residual values for every vehicle that they have in inventory, to calculate lease payments on vehicles.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#34 of 83 2009 Corolla LE lease by pilewan8 Jun 29, 2008 (8:14 am)
Hi Carman, I'm looking to lease a 2009 Corolla LE with 15K/yr in the New Jersey area. 1-Is the MF and residual still .00110 and 60% ? 2-From reading on this forum on getting a good lease, one should negotiate the price of the car as if its a purchase and after bringing the price down, tell the salesman that you would want to lease the same...what's your advice?   Cheers!   Joe Replies to this message: Car_man (Jul 14, 2008 1:37 am)
#35 of 83 Corolla LE Lease by yossarian3 Jul 01, 2008 (5:10 pm)
I have seen an advertised special on a Corolla LE lease of $118/month with $1999 down. This specific car has a sticker of $18,349. I would not get any options other than what comes with the car.   I realize that the downpayment is a little high, and that the quoted monthly payment does not include taxes, tags, etc., but this still seems like a very good deal based on my calculations. Is there something I am missing or is this a good deal?
#36 of 83 Corolla LE Lease by yossarian3 Jul 10, 2008 (11:38 am)
Hi Carman,   I appreciate your thoughts on this lease.   Corolla LE lease with $18,349 MSRP.   Purchase price of $16,130   $2000 downpayment   CT sales tax of 6%   Monthly payment of $180. Replies to this message: Car_man (Jul 14, 2008 1:46 am) space_pilot (Jul 16, 2008 7:52 am)
#37 of 83 Re: 2009 Corolla LE lease [pilewan8] by Car_man HOST Jul 14, 2008 (1:37 am)
Replying to: pilewan8 (Jun 29, 2008 8:14 am) Hi Joe. The recent surge in popularity as a result of the high price of gas has caused Toyota to cut back on its support on the Corolla. For July, it has raised its special money factor on the 2009 Corolla in your area to .00188 for Tier 1+ customers. Its 36 month, 15,000 mile per rear residual value for an '09 Corolla LE is 61%. As I have said in the past, keep in mind though that it is difficult for individual consumers to calculate dollar residual values for TFS leases because it places restrictions upon what options can be residualized and caps on the ones that it allows.   You absolutely should negotiate the selling price of the Corolla that you want before discussion its lease payment. The lower your car's selling price is, the lower your payment will be.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#38 of 83 Re: Corolla LE Lease [yossarian3] by Car_man HOST Jul 14, 2008 (1:46 am)
Replying to: yossarian3 (Jul 10, 2008 11:38 am) Hi yossarian3. The selling price that you mentioned looks excellent. Just make sure that the dealer that you are working with uses Toyota Financial Services' buy rate lease money factor to calculate your car's monthly payment and you're all set.   One minor change that I personally would make to this deal though is to eliminate the $2,000 down payment. Consumers who make large down payments on leased vehicles risk losing them if their car is totaled in an accident or stolen and never recovered. You would be better off going with a zero down lease and having a slightly higher monthly payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#39 of 83 Re: Corolla LE Lease [yossarian3] by space_pilot Jul 16, 2008 (7:52 am)
Replying to: yossarian3 (Jul 10, 2008 11:38 am) Hey yossarian3, what dealership is that deal at? I'm also in CT and looking to lease a car in this class.
#40 of 83 Corolla Lease Questions by kneedsacar Jul 20, 2008 (11:11 am)
Hi everyone! This will be my first new car purchase and I have some questions regarding leasing the 2009 Corolla. I am in the PA (Philadelphia) area and I took a trip to the local car dealer to see what they could offer me. Here is what they got.   2009 Corolla S MSRP: 17,659 Sale Price: 16,800   $0 Money Down $ 269 a month 36 months 12,000 Miles Residual: $10,815   I think the monthly payment is a little high, I was quoted $273 a month for a VW Jetta with $0 down and on a car that was priced $19,100. I think the Corolla should have cheaper payments. I would appreciate any thoughts on this! Thank you!!   ~KneedsAcar Replies to this message: ral2167 (Jul 20, 2008 12:26 pm)
#41 of 83 Re: Corolla Lease Questions [kneedsacar] by ral2167 Jul 20, 2008 (12:26 pm)
Replying to: kneedsacar (Jul 20, 2008 11:11 am) based on that, get the jetta
#42 of 83 Corolla LE 1800$ down 189$ a month by dvrman Jul 23, 2008 (5:16 am)
Just leased a corolla LE with power package and mats MSRP 18K$ and change) for 189$ a month and 1800$ down including TTL in Los Angeles at marina Del ray toyota. Any comments ?

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