Last post on Apr 01, 2013 at 9:27 AM
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Toyota Tundra, Car Leasing, Truck
#195 of 235 Re: Toyota Tundra 2008 Lease SR5 V8 5.7 [alicia33]
Aug 20, 2008 (2:05 am)
Now you're confusing me. Hehe... just kidding, I understand what you're saying. It's really very simple so let's not make it too difficult.
Okay, let me show you what the Toyota dealer sees on his computer screen...
18186 VEHICLE INQUIRY REPORT DATE: 08/20/08
DCV920 TIME: 09:51
Model Number: 8352A SERIAL # :8X053419 Check Code: 0
Model Description: DCAB LTD 5.7L V8 Category ..........: G
Year ............: 2008 Current Dealer ....: XXX-XXXXX
Interior Color ..: LD13 LD13 Wholesale Dealer ..: XXXXX
Exterior Color ..: 0040 WHITE Previous Dealer ...: XXXXX
Body ............: DBL CAB 5.7L LTD Invoice Date ......: 02/08/08
Number of Cyl ...: 8 Ship Date .........: 02/07/08
Allocation Number: 012 Retail Date .......:
Engine Number ...: 5206225 Date of First Use .:
Vessel Number ...: 705 TRAC ..............: NO
Vessel Name .....: TMMTX SANANTONIO Damage ............: NO DAMAGE
PDI ...............: YES
Fleet .............: NON-FLEET
Port PDS Complete .: NO
VIN .............: 5TFBV5814XXXXXXXX
Ignition Key.....: N/A
Factory Installed Accessories: FE AL
Port Installed Accessories ..: C4 7J
Vehicle Base Model ....................: $ 38770.00 $ 33923.00
Total Accessories .....................: $ 1048.00 $ 813.50
MECHANICAL & PERFORMANCE
GVWR = 7100 lbs. Payload = 1560 lbs.
Tow Capacity = 10,300 lbs.
381HP/401 Lb-Ft 5.7L DOHC 32V iForce V8
w/Dual Independent VVT-I and ACIS
6-Spd Auto w/Seq Shift and Tow/Haul Mode
Engine Immobilizer, Cruise Control
4WDemand 4x4 System w/Electronically
Controlled 2 Speed Transfer Case
Tow Equip: Hitch Receiver, Supp A/T
Cooler, 4.30 Rear Diff w/10.5" Ring Gear
150A Alternator, A/T Temp Gauge, 7 Pin
Conn, Trailer Brake Controller Prewire
Automatic Limited Slip Diff (Auto LSD)
Front and Rear Sonar
TripleTech Frame: Fully-boxed Fr Section
Reinforced C Under Cab, Open C Under Bed
Coil Over Shock Double A-Arm Front Susp
Multi-Leaf Trapezoidal Rear Suspension
18" Alloy Wheels w/P275/65R18 Tires
6.5'' Double-Walled Bed w/Tailgate Assist
Color-keyed Fr/Chrome Rr Bumper
Chrome Grille/Door Handles/Outer Mirror
Sliding Rr Window w/Privacy Glass
Leather Trim Pwr Heated Front Buckets
Automatic Dual Zone Climate Control
JBL AM/FM 6-CD, 10 Spkrs, Aux Audio Jack
w/Steering Wheel Audio Cntrls, Bluetooth
Power Windows/Door Locks/Mirrors
Remote Keyless Entry & Anti-Theft System
STAR Safety: Pwr Assist 4 Wheel Disc ABS
w/Electronic Brakeforce Distrib (EBD),
Brake Assist, Vehicle Stability Control
with Active Traction Control (VSC+ATRAC)
Dr & Fr Pass Advanced Airbags/Seat Side
Airbags/3 pt Seatbelts w/Pretensioners
& Force Limiters
Roll-Sensing Curtain Airbags (RSCA)
Tire Pressure Monitoring System
Retail Dealer Total
Vehicle Base Model ..........................:$ 38770.00 $ 33923.00 $ 38770.00
50 State Emissions .........................
20" Alloy Wheels w/P275/55R20 Tires ........ 920.00 736.00
Carpet Floor Mats - 4 piece ................ 115.00 69.00
Front License Plate Bracket ................ 13.00 8.50
--------- --------- ---------
Total Accessories ...........................: $ 1048.00 $ 813.50 $ 1048.00
Destination Charge ..........................: $ 685.00 $ 685.00
TDA .........................................: $ 400.00
Gasoline ....................................: $ 10.00
Dealer Holdback .............................: $ 775.00
Whsl. Financial Reserve .....................: $ 387.00
Total .......................................: Invoice: $36993.50 / MSRP: $40503.00
Residual Value ...: 24 36 48 60
------- ------- ------- -------
STD 22,599 20,273 16,583 13,482
LOW 21,048 17,359 14,257
Forget about all the itemized numbers, you just want to deal based off the total invoice (in bold), which already includes all options installed at the factory. Now, if the dealer installed additional options (rims, bedliners, exhaust, etc), that will alter the invoice. Stay away from aftermarket products on a lease, little if any can be residualized. Go for stock stock stock!!!
Take this truck for example, the MSRP is $40,503, and the Invoice is $36,993. You would want to get as close to $36,993 as possible. So let's say they sell you the vehicle at Invoice, that's a dealer discount of $3510. So, in essense, they'd be selling you the vehicle/capping the cost at $36,993. Plus, if there is any factory lease cash/bonus cash available in your area, it will either be used to reduce your cap cost ($36,993) or be used as a down payment, or used to pay part or all of your inception fees. Remember, these are the monies you pay upfront which usually include: 1st mo payment + tax, dmv fees, doc fees, and possibly an acquisition fee. If the acquisition fee is not paid upfront, it will be "rolled" into your cap cost ($36,993 + $550 = $37,543). Understand??
Hope this helps?
#196 of 235 Re: Toyota Tundra 2008 Lease SR5 V8 5.7 [ocautoseeker]
Aug 20, 2008 (3:09 am)
what is the difference between STD & LOW?
are those residual figures based on 15k miles?
Toyota's residuals seem to be a fixed no., they don't use a percentage like other manufacturers, is this correct?
#197 of 235 Re: Toyota Tundra 2008 Lease SR5 V8 5.7 [awedio]
Aug 20, 2008 (11:19 pm)
STD is 15k/yr and LOW is 12k/yr.
You have to move the LOW numbers over one to the right so the columns line up. TFS doesn't offer a 24 month residual for LOW. I know, weird!
Yes, Toyota assigns a residual value to each individual vehicle instead of a set percentage. Some options will raise or lower the residual.
#198 of 235 help with lease double-cab/crewmax
Aug 22, 2008 (5:51 pm)
Please provide your guidance and wisdom...I'm just so annoyed that some dealers are treating trucks/suvs like they are in high demand.
my goal is to get either a crewmax (4x2) limited, or a doublecab (also 4x2) limited at a reasonable price (for crewmax $500/month, and for doublecab, $450/month), but so far, after talking to 5 dealers, no results (or maybe so, but you be the judge).
seems like buying a truck is harder than buying a lexus! i purchased an ES last year and a GS this year and so far negotiating on a friggin tundra is so much more painful...
let's start with crewmax.
Car's MSRP is at $43k . with all the rebates and incentives, Toyota of Long Beach said they could sell the car at $34k. with $1.5k down and standard 36 month/12k miles per year lease, I would need to pay close to $580/month or something ridiculous! I guess due to the huge $5.5k rebate, I cant take advantage of the superlow lease rate... this doesnt seem right! so far I have not been able to get the crewmax down below $500/month w/o increasing down payment--what's the strategy to negotiate here?
I also looked at the doublecab (4x2 limited) MSRP $39k. best offer so far is selling price of $35k, with $1100 down the payment would be $495/month (includng tax) from toyota of anaheim (they said they went below invoice also minus the dealer holdback). similarly, toyota of orange offered $479 plus tax, but $1500 down.
help advice? thanks!
#199 of 235 Re: help with lease double-cab/crewmax [mi7]
Aug 22, 2008 (7:22 pm)
It's very simple, when leasing through the captive bank, in this case, TFS... the rebate ($5500) is NOT compatible with their lease programs. The money factor that is being offered equates to less than 1%, so look at it like as if it were a purchase... either take the cash (rebate) or choose the 0% financing, but you don't get both.
Now, there is an additional $1000 bonus cash available that IS compatible with the lease, so make sure they either use this to reduce the cap cost, use it as a down payment, or pay some of your drive offs.
My advice, since it's a Lmtd and a 2wd, your cap cost should be ~$1000 below invoice. So, figure about $4500 off MSRP to begin with, then make sure that the bonus cash ($1000) gets factored in somehwhere based on the aformentioned. So, on a lease, you should be "net - net" about $5500 off.
Hope this helps.
#200 of 235 Re: help with lease double-cab/crewmax [ocautoseeker]
Aug 23, 2008 (12:39 pm)
thanks, autoseeker. so my 4x2 doublecab limited should be abour $33.5k? wow thats gonna be tough
#201 of 235 Re: help with lease double-cab/crewmax [mi7]
Aug 23, 2008 (1:02 pm)
all that money available in the form of a cash rebate, is in a sense, used to "subsidize" the low money factor.
you also need to remember, although the rate is low, the residuals are not strong and will continue to fall for '08 models, and you are trying to lease a $40k + vehicle, so keep that in mind. ask the dealer what the reisdual is and i'll calculate your payments. confirm the bank fee is $550, too?
#202 of 235 Re: help with lease double-cab/crewmax [ocautoseeker]
Aug 23, 2008 (1:51 pm)
here's some more info:
For the 2008 4X2 Tundra Double Cab Limited with Navigation and 20" Alloy Wheels, Your Sales Price is $34,576.00 (MSRP is $39,080.00).
36 month special lease = $481.65 total per month. $1,000.00 Drive Off, $1,000.00 factory rebate. Rate is 0.00060. Residual is $18,141.00 with 12,000 miles per year.
60 month purchase with 0 % interest. $593.73 per month. $1,000.00 Down, $1,000.00 factory rebate. Total Out the Door is $35,623.65.
#203 of 235 Re: help with lease double-cab/crewmax [mi7]
Aug 25, 2008 (10:14 am)
well i got the car yesterday from toyota of cerritos.
tundra doublecab limited 4x2 off road package, msrp $38,600
leased for $488/month for 36 months based on tier 1 plus credit--had to put down $700.
what do you guys think?!
#204 of 235 Re: help with lease double-cab/crewmax [mi7]
Aug 25, 2008 (10:44 pm)
Sorry I didn't get back to you before you leased. Was the $700 for drive offs or was it utilized towards reducing your cap cost? At first glance, I'd say you did pretty good based on the numbers available through Toyota at this time.
Enjoy the truck!