Ask the Car People.SM


Toyota Tundra: Lease Questions

235 messages,  Last post on Apr 01, 2013 at 10:27 AM

You are in the Toyota Tundra Forum.

What is this discussion about? Toyota Tundra, Car Leasing, Truck

Messages Page 21 of 24

#197 of 235 Re: Toyota Tundra 2008 Lease SR5 V8 5.7 [awedio] by ocautoseeker

Aug 21, 2008 (12:19 am)

Replying to: awedio (Aug 20, 2008 4:09 am)
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 by mi7

Aug 22, 2008 (6:51 pm)

Hi guys!!
 
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] by ocautoseeker

Aug 22, 2008 (8:22 pm)

Replying to: mi7 (Aug 22, 2008 6:51 pm)
Hi mi7,
 
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] by mi7

Aug 23, 2008 (1:39 pm)

Replying to: ocautoseeker (Aug 22, 2008 8:22 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] by ocautoseeker

Aug 23, 2008 (2:02 pm)

Replying to: mi7 (Aug 23, 2008 1:39 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?
 
good luck!

#202 of 235 Re: help with lease double-cab/crewmax [ocautoseeker] by mi7

Aug 23, 2008 (2:51 pm)

Replying to: ocautoseeker (Aug 23, 2008 2:02 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] by mi7

Aug 25, 2008 (11:14 am)

Replying to: mi7 (Aug 23, 2008 2:51 pm)
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] by ocautoseeker

Aug 25, 2008 (11:44 pm)

Replying to: mi7 (Aug 25, 2008 11:14 am)
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!

#205 of 235 Carman by mcb3

Aug 27, 2008 (3:31 pm)

Replying to: ocautoseeker (Aug 25, 2008 11:44 pm)
Carman,
 
I live in Oklahoma and was recently quoted a Toyota Tundra Crewmax 5.7 4x4.
 
Details:
MSRP Base: $42,835
Installed Options: $1,890.00
Total: 44,725.00
 
Residual Value: 47%
Money Factor: .00265
Cap Cost: $33,163
Mileage: 12K per year
 
In Oklahoma we Pay Tax, Title, and License and they included it in the deal probably around $1300.
 
Quoted: 0 down $553/mo on 36 mo.
 
I figured it at around $480/mo. What did I do wrong? and is this a good deal for my region given this information.
 
Thanks

#206 of 235 by mcb3

Aug 27, 2008 (3:34 pm)

Sorry,
 
There cost they gave me was $ 42,163.

Messages Page 21 of 24

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement