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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 8 of 11

#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

#70 of 108 Re: Lease question [shand32783] by kirstie_h HOST

Jul 26, 2009 (12:06 pm)

Replying to: shand32783 (Jul 26, 2009 8:30 am)
Try asking in our Cash for Clunkers - Does it Work for You? discussion. Helpful & knowledgeable folks hang out there.

#71 of 108 2010 Auto S Corolla by shand32783

Aug 02, 2009 (9:51 am)

MSRP 19874
Invoice 18388
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 108 Re: 2010 Auto S Corolla [shand32783] by mnappi0606

Aug 05, 2009 (1:45 pm)

Replying to: shand32783 (Aug 02, 2009 9:51 am)
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.
 
MSRP: 17950
Sales Price: 17200
Money Factor: .00047
Residual: 7445
 
$132 /month

#73 of 108 Re: Lease question [shand32783] by Car_man HOST

Aug 13, 2009 (3:19 am)

Replying to: shand32783 (Jul 26, 2009 8:30 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).
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#74 of 108 2010 Corolla S by danny14

Aug 13, 2009 (9:20 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 108 Re: 2010 Corolla S [danny14] by danny14

Aug 27, 2009 (1:34 pm)

Replying to: danny14 (Aug 13, 2009 9:20 am)
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

#76 of 108 So Cal Leases by yossarian3

Sep 21, 2009 (10:14 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 108 Lease Details on Corolla S in SF Bay Area by zaheer

Oct 06, 2009 (1:54 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.

Messages Page 8 of 11

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