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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 7 of 11

#60 of 108 Need Help !! ASAP on 09 Corolla LE by sfbay998

Oct 16, 2008 (2:31 pm)

Need Help !! ASAP on 09 Corolla LE in SF Bay Area !!
 
Looking for 09 Corolla LE , MSRP=$16750
 
After few options (CL Cruise Control,KE Keyless Entry,CF Carpet Floor Mats,FE 50 State Emissions) = $18164 on the window sticker
 
what should i start negotiate? if they say they will sell at 1000 above invoice , does it mean $16400+$1000=$17400
 
what would you guys start negotiate?
also ,
is the MF for Corolla is 0.00163 right now?
Residual Value= 61%, but is it 61% of MSRP+options $18164 in the following example? or 61% of invoive price $16400? or without option $15158 ?
 

#61 of 108 Toyota Finance current program by radicimo

Nov 08, 2008 (6:31 pm)

Anyone know what the terms are being offered by Toyota Finance this month (Nov. 2008) on 2009 model cars?
 
What would the money factor be for an 800+ FICO?
 
Also, what residual should I expect on a 36mo. 12,000/yr lease of a Corolla base model? Is residual different at all for a standard vs. automatic transmission?
 
I'm shopping for a lease right now on a 2009 Corolla base (standard trans.) with only floor mats as an option. My goal is to find one for a capital cost under $14,500 with no money down (except first month), residual 61% or better, money factor .00163 or better. Does this seem like a reasonable expectation?

#62 of 108 Re: Toyota Finance current program [radicimo] by Car_man HOST

Nov 12, 2008 (5:24 am)

Replying to: radicimo (Nov 08, 2008 6:31 pm)
Hi radicimo. Unfortunately, Toyota's lease program varies depending upon which one of its twelve regions on is in. Fortunately, its November program for the 2009 Corolla appears to be pretty consistent across the country...outside of its Gulf States and Southeast regions.
 
Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Corolla with 12,000 miles per year are .00163 and 61%, respectively for consumers who qualify for its Tier 1+ credit tier. The problem with these numbers is that TFS places restrictions upon what options can be residualized. This makes it difficult for anyone outside of dealers, who are given a list of the specific dollar residual values for the units that they have in stock, to calculate lease payments on vehicles.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#63 of 108 Re: Toyota Finance current program [Car_man] by radicimo

Nov 13, 2008 (3:36 pm)

Replying to: Car_man (Nov 12, 2008 5:24 am)
Well, I am in Texas, which I suppose is in the Gulf States region? Thanks for the information though.
 
I have decided to go the loan & buy route. This way I can take advantage of the $1000 rebate, and I don't have to sweat things like mileage overages and minor damage.

#64 of 108 Re: Toyota Finance current program [radicimo] by Car_man HOST

Nov 21, 2008 (3:43 am)

Replying to: radicimo (Nov 13, 2008 3:36 pm)
No problem, radicimo. You're right, Texas is in Toyota's Gulf States region. If you think that you might have exceeded your mileage limit, financing was probably the way to go. Enjoy your new car .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#65 of 108 Toyota Finance Current Program by Temor

Feb 08, 2009 (5:42 pm)

Hey, I am looking to see how much a lease for a Corolla would cost me on a monthly basis. I am looking to buy it in the Virginia area and willing to put down $2000 so the monthly would go down. Thanks

#66 of 108 Corolla Lease Boston, MA by bostonben

Apr 22, 2009 (6:33 pm)

Hi Car Man,
 
What are the current lease incentives in the Boston, MA (02115) area? I know toyota is offering some rebates on the Corolla. I was wondering if those can apply to the selling price and the car still leased? Thanks!

#67 of 108 Re: Corolla Lease Boston, MA [bostonben] by Car_man HOST

May 06, 2009 (3:48 am)

Replying to: bostonben (Apr 22, 2009 6:33 pm)
Greetings to the appropriately named bostonben. Toyota just introduced its new May incentives yesterday. I haven't seen the complete program for your region yet, but I can tell you that Toyota is currently offering an extremely attractive finance rate of 0% for up to 5 years or $1,000 customer cash on the 2009 Corolla in your area right now.
 
Unfortunately, the aforementioned cash incentive is not compatible with Toyota Financial Services' special lease program.
 
I'm not sure what TFS' lease money factor is for this model in your area yet, but I know that in some areas Toyota is essentially providing 0% financing on leases (a .00001 money factor). That's as good as it is going to get on this car. If you really want to lease a Corolla, now is definitely the time to do so.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#68 of 108 2009 Corolla Lease - How'd I do? by belarus

May 13, 2009 (4:47 pm)

Corolla S, no leather, no JBL etc - just the SX pkg.
 
$300 total drive off, that included registration, fees etc.
$263/mth (taxes all included)
15k miles for 36 months
 
mf was 0.00068 with the incentive these days and residual is 10,430.
I bought in the SF bay area.
 
Thanks

#69 of 108 Lease question by shand32783

Jul 26, 2009 (8:30 am)

One dealer tells me that they don't subsidize"> the lease on anything over three years and that the rate on a five year lease would be between .0029 & .005.
  
Another tells me that the lease rate on a 2010 would be .00005 on a 3 or 5 year lease and that she has the paperwork right in front of her if I wanted to come down and look at it.
  
I'm interested in the 5 year as part of the cash for clunker program. Has / does anyone know the answer?
  
Confused,
shane

Messages Page 7 of 11

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