Last post on Nov 15, 2012 at 11:39 AM
You are in the Toyota Corolla
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Toyota Corolla, Car Leasing, Sedan
#90 of 108 Re: Toyotathon Lease -- Is it any good? [mikeny]
by Car_man HOST
Feb 16, 2010 (4:02 am)
Hi mikeny. Toyota's lease program varies depending upon which one of its twelve regions one is in. Judging by the "ny" part of your username, I suspect that you are in New York. Let me know if this assumption is incorrect.
Toyota Financial Services current New York region buy rate lease money factor and residual value for a 36 month lease of a 2010 Corolla LE with 12,000 miles per year are .00050 and 65%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
While this residual value looks absolutely amazing, it is misleading. TFS places restrictions upon the options that can be residualized, making its real-world resids lower than its published percentages.
As far as what sort of selling price to pay, if I was in the market for this car right now I personally would shoot for dealer invoice or slightly over.
Prices Paid: Buying & Leasing Experiences Forum
#91 of 108 Re: Lease Money Factors and Residual Values [Car_man]
Feb 16, 2010 (7:11 pm)
I stopped by a Toyota dealer today in NYC to get a quote on a Corolla S lease. The sticker was $20655.00. The lease quote was $275.00 p/m for 36 months with only $492.00 down. The money factor used was .00050.
#92 of 108 Re: Lease Money Factors and Residual Values [carz]
Mar 03, 2010 (11:24 am)
If you are in the market for a lease deal on a corolla--do it now! I just paid yesterday Zero out of pocket no payments for 30 days at 182 a month for a loaded S that books at 21,000. My money factor was .00002--wow! That is .048 percent APR. The resid on it is 12300 in three years.
#93 of 108 Re: Lease Money Factors and Residual Values [phatsprint]
Mar 30, 2010 (7:01 am)
Could you define a loaded S? Moonroof?
I got a quote for a Corolla S for $179/mo, 15k miles/year, $0 down, all taxes/title/reg included, and a grad rebate. Is this good? Can they go lower?
the msrp is $17200
Mar 30, 2010 (7:02 am)
Also, I'm in massachusetts
#95 of 108 Re: corolla [afarsid]
Mar 30, 2010 (9:58 am)
My loaded s was $19895. I had the extra value package three, moonroof, six disk, all weather package
#96 of 108 Re: corolla [phatsprint]
Mar 30, 2010 (10:35 am)
how many miles? be more specific
#99 of 108 2010 corolla lease Q's
Jun 10, 2010 (5:01 pm)
Hopefully you can help me out. I'm looking for lease deals on a corolla in the Scranton PA area. I'm in zipcode 18512. Can you assist me in finding a good deal? Here's one I've seen-
Corolla Sedan (not S)
$2000 down plus tax, tags, etc.
I wonder what the money factor could be on this. I haven't been in the dealership yet. I'd like to get the down payment down to zero.
Thanks for your help!