Last post on Apr 01, 2013 at 10:27 AM
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Toyota Tundra, Car Leasing, Truck
#199 of 235 Re: help with lease double-cab/crewmax [mi7]
Aug 22, 2008 (8:22 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 (1:39 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 (2:02 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 (2:51 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 (11:14 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 (11:44 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!
#205 of 235 Carman
Aug 27, 2008 (3:31 pm)
I live in Oklahoma and was recently quoted a Toyota Tundra Crewmax 5.7 4x4.
MSRP Base: $42,835
Installed Options: $1,890.00
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.
Aug 27, 2008 (3:34 pm)
There cost they gave me was $ 42,163.
#207 of 235 Re: Carman [mcb3]
Aug 27, 2008 (5:18 pm)
I think I would want to work the purchase numbers.
#208 of 235 ocautoseeker
Aug 29, 2008 (9:20 pm)
I kept on delaying the lease of my truck but I think now is the right time.
You have been a good "teacher" in the past but I still need your help.
I am trying to get one of these Tundra Limited 4x4
First choice VIN number 5TFBV58158X060301 ( MSRP $41520 )
Second choice VIN number 5TFBV58178X068271 ( MSRP $42140)
If you could run the numbers for a 36Month/15000 Miles lease tax rate 7.75%,
I will be greatful until the end of this year ))
One more question : can you ID a California dealer by this dealer number?