Last post on Jul 10, 2013 at 1:46 PM
You are in the Toyota Corolla
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Toyota Corolla, Car Leasing, Sedan
Jul 26, 2009 (7:30 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?
#71 of 112 2010 Auto S Corolla
Aug 02, 2009 (8:51 am)
Was offered Invoice minus the $500 rebate and the 5 year cash for clunker lease rate of .00047.
Has anyone else done the Corolla on the 5 year lease through the cash for clunker deal on toyota.com with the $500 rebate?
What was your payment per month?
#72 of 112 Re: 2010 Auto S Corolla [shand32783]
Aug 05, 2009 (12:45 pm)
Yes, I signed a deal to lease the Corolla LE. Nothing out of pocket other than the plates. 12k mi/year for 5 years. Also going towards this deal is a $4500.00 clunker.
Sales Price: 17200
Money Factor: .00047
#73 of 112 Re: Lease question [shand32783]
Aug 13, 2009 (2:19 am)
Hi shane. In a way, both salespeople that you spoke with are right. Normally, Toyota does not provide support on leases that are longer than 36 months. However, when the government rolled out its Cash for Clunkers program, which for some unknown reason only allows people who take advantage of it to lease for 5 years, Toyota responded by launching a special 60-month lease program on select models.
Toyota Financial Services' current buy rate lease money factor for a 60-month lease of a 2010 Corolla is .00047 (this factor may vary by region).
Prices Paid: Buying & Leasing Experiences Forum
#74 of 112 2010 Corolla S
Aug 13, 2009 (8:20 am)
Carman - what are the current residual and MF on 3 years/36k lease for 2010 Manual Corolla S with Extra Value Package leased in Northern Virginia. Is the $1k college rebate combinable with the special lease?
#75 of 112 Re: 2010 Corolla S [danny14]
Aug 27, 2009 (12:34 pm)
In addition to that can you give me the residual and MF for 3yr/36k lease on a Corolla LE (model 1838) that's featured under Toyota's current lease special of $149/mo with 1,850 down. This is all for Northern Virginia
Sep 21, 2009 (9:14 am)
Could someone please provide the MF and residual for a 2010 Corolla LE lease? I am interested in the basic 1838 model that is available for $189/month with $839 down.
#78 of 112 Lease Details on Corolla S in SF Bay Area
Oct 06, 2009 (12:54 am)
We leased a Corolla S, 5-spd Manual transmission with Leather using the special Lease from Toyota Financial:
MSRP - $19,425
Cap Cost - $18,864
MF - 0.00038
Term - 36 months
Cap Cost Reduction - $2,180
Residual - $11,223 with 12k miles
Monthly Payment - $199.58 ($181.85 + tax)
Total Drive-off - $2,995 (includes DMV - $304, Tax on Cap Reduction - $212.52, 1st month's payment - $199.58 + Doc Fee + CA Tire Fee)
We applied the same terms to the Corolla S as with the ad car on Toyota's Website which was the base Corolla LE being offered at $119 per month with $2,999 drive-off. The MF was the lowest that I have seen. There is only about $10 going towards the rental charge; the rest is depreciation. If we had gone with 0 Cap Cost Reduction, the payment would have been $267 with around $800 Drive-off.
If the MF was not subsidized by Toyota Financial, the payment would have been higher by at least $45 per month.