Ask the Car People.SM


Toyota Corolla: Lease Questions

108 messages,  Last post on Nov 15, 2012 at 11:39 AM

You are in the Toyota Corolla Forum.

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

Messages Page 5 of 11

#39 of 108 Re: Corolla LE Lease [yossarian3] by space_pilot

Jul 16, 2008 (8:52 am)

Replying to: yossarian3 (Jul 10, 2008 12:38 pm)
Hey yossarian3, what dealership is that deal at? I'm also in CT and looking to lease a car in this class.

#40 of 108 Corolla Lease Questions by kneedsacar

Jul 20, 2008 (12:11 pm)

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

#41 of 108 Re: Corolla Lease Questions [kneedsacar] by ral2167

Jul 20, 2008 (1:26 pm)

Replying to: kneedsacar (Jul 20, 2008 12:11 pm)
based on that, get the jetta

#42 of 108 Corolla LE 1800$ down 189$ a month by dvrman

Jul 23, 2008 (6:16 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 ?

#43 of 108 toyota corolla lease by azmom99

Jul 23, 2008 (8:26 am)

i recently leased a toyota corolla le the msrp 18,154.......my cap cost was 16, 604 my monthly payment before taxes is 185.72 and down payment was 1,900 was my lease a good deal or not? if it was or is not please explain why.......thanks!

#44 of 108 Re: toyota corolla lease [azmom99] by sparkland

Jul 25, 2008 (5:35 pm)

Replying to: azmom99 (Jul 23, 2008 8:26 am)
"I strongly suspect that consumer auto leases (at least those sponsored by the auto manufacturers) will be history by the end of the year.
 
Chrysler has already announced that they will exit the lease business on August 1st. Cerberus Capital not only owns Chrysler and Chrysler Financial but controlling interest in GMAC as well. So I suspect GM will follow shortly.
 
Ford took a $2.1 billion charge for the quarter due to falling lease residual values.
 
Honda just released their first quarter financial report and noted that they expect falling lease residual values in the USA to cut their operating profit by $231 million. Just look at the residual calculations on 2006 Ridgeline's as an example of how wildly they miscalculated.
 
I believe the manufacturer sponsored consumer lease will soon be history. Only time will tell."
 
This information was quoted from "Joe" on the ROC site.
 
Interesting reading. Better get your lease while you can.

#45 of 108 Help!!! Lease 09 corolla LE VS 09 Honda Fit by movingsale45

Aug 17, 2008 (8:11 pm)

San Francisco Area: want to know the Residual Value , Money Factor for 09 corolla LE , VS 09 Honda Fit, and which is a better deal , need a car next month ! thanks in advance.

#46 of 108 Re: Help!!! Lease 09 corolla LE VS 09 Honda Fit [movingsale45] by Car_man HOST

Aug 25, 2008 (3:24 am)

Replying to: movingsale45 (Aug 17, 2008 8:11 pm)
Hi movingsale45. I have not seen Toyota's specific lease program for its San Francisco region, but the money factor for the 2009 Corolla is currently .00188 for Tier 1+ customers in every other region that I have see its lease program for. This leads me to believe that it is likely .00188 in your area right now as well. Toyota Financial Services' current residual value for a 36 month lease of a 2009 Corolla LE with 15,000 miles per year is 61%. The problem with TFS' residual values is that they are only for base models. It places restrictions upon what options can be residualized, making it difficult for consumers to accurately calculate what the dollar residual values for specific units should be.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#47 of 108 Is this a good deal? by wondra14

Aug 25, 2008 (3:58 pm)

Car_Man -
 
Wife and I (located in South Orange County, California) are gonna lease a new 2009 Toyota Corolla LE 4dr Sedan. Here's what the lease details include. 36 month lease with 12,000 miles per year. Zero down with zero out of pocket to drive off the lot. Therefore we'll make a total of 35 montly payments. Our monthly payment would be $255. Would you consider this a good deal?
 
Thanks in advance.

#48 of 108 I am thinking (lease ) 90 Corolla S VS 09 Honda Fit Sport ? which is better by movingsale45

Sep 02, 2008 (12:16 pm)

I am thinking (lease ) 90 Corolla S VS 09 Honda Fit Sport ? which is better deal
SF BayArea, CA thanks

Messages Page 5 of 11

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement