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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

#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.

#79 of 108 October 2009 Lease Terms for 2010 Corolla by christostp

Oct 28, 2009 (7:59 am)

Hello Carman,
 
What should the money factor and residual be for a 2010 Corolla LE for the current lease specials they are running?

#80 of 108 Lease Money Factors and Residual Values by christostp

Oct 28, 2009 (1:11 pm)

Hello CarMan or kyfdx,
 
I am looking for information for a 2010 Corolla LE for a 36 or 39 month lease. I was told that money factor is .0028 and the residual is .70 by Clearwater Toyota. They use Southeast Toyota Finance. These numbers do not sound right to me. Based on the advertised lease special it seems that the money factors should be .00039 - .00050. The residual should be 0.60 - 0.68.

Messages Page 8 of 11

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