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Toyota Tundra: Lease Questions

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

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

Messages Page 22 of 25

#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.

#207 of 235 Re: Carman [mcb3] by rlary

Aug 27, 2008 (5:18 pm)

Replying to: mcb3 (Aug 27, 2008 3:31 pm)
I think I would want to work the purchase numbers.

#208 of 235 ocautoseeker by stef3

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?
 110-04066
 
Thank you!!!

#209 of 235 Re: ocautoseeker [stef3] by ocautoseeker

Aug 31, 2008 (1:15 am)

Replying to: stef3 (Aug 29, 2008 9:20 pm)
Stef3,
 
I don't know which dealer that is, sorry.
 
I have the info and I'll run the numbers in the morning.
 
Hang tight for a few hours... I need to get some sleep.

#210 of 235 Re: ocautoseeker [stef3] by ocautoseeker

Aug 31, 2008 (2:14 am)

Replying to: stef3 (Aug 29, 2008 9:20 pm)
Vehicle # 1:
 
MSRP: $41,520.00
Invoice: $37,699.00
Residual: $19,485 (47%)
Terms: 36 mo / 15k annual miles
MF: .00016-.00066 (ask your dealer what the buy rate for tier 1+ is in your region)
Incentives: $1000 Bonus Cash (compatible with leases)
 
If they capped the cost at invoice, then utilize the $1000 bonus cash as a down payment, with OC sales tax (7.75%), you'd be OTD for $524.91/mo.
 
Now, the dealer has another $775 in holdback, and $387 in wholesale financial reserve - basically, another $1162 of profit for you to work with. If they give you all of that + the $1000 lease cash, you'd be at $489.93/mo.
 
These lease figures assume a .00016 mf (if available in your region), and do NOT include TFS's acquisition fee of $550. This fee can be rolled in or paid as part of your inceptions.
 
In addition, this vehicle has an ad fee of $300 (TDA) and a gasoline charge of $10 on the factory invoice - just FYI.
 
Now, if you decide to purchase, the rebate is $5500, or 0% + $1000 Bonus Cash. If you took the rebate and if the dealer gave you all of his hb and wfr, you'd be almost net $10,500 off MSRP. Again, just FYI.
 
I'm tired... I'll run the numbers on Vehicle #2 in the morning.

#211 of 235 Thank you, for your help by stef3

Aug 31, 2008 (8:59 am)

The dealer wanted $570 for this one so I have some room to bargain today.
=========================================================
 
For the second truck 5TFBV58178X068271 ( MSRP $42140) I will ask if he will add some options - stainless side steps, aluminum shift knob, sport pedals and exhaust tip -around $800
 
I think I should offer $510 out the door with $800 down and let's see what happens..
I have all day to make a decision so just take your time.
 
Thank you again

#212 of 235 Re: Thank you, for your help [stef3] by ocautoseeker

Aug 31, 2008 (3:04 pm)

Replying to: stef3 (Aug 31, 2008 8:59 am)
Vehicle # 2:
  
MSRP: $42,140.00
Invoice: $38,353.00
Residual: $19,610 (47%)
Terms: 36 mo / 15k annual miles
MF: .00016-.00066 (ask your dealer what the buy rate for tier 1+ is in your region)
Incentives: $1000 Bonus Cash (compatible with leases)
  
If they capped the cost at invoice, then utilize the $1000 bonus cash as a down payment, with OC sales tax (7.75%), you'd be OTD for $540.88/mo.
  
Now, the dealer has another $775 in holdback, and $387 in wholesale financial reserve - basically, another $1172 of profit for you to work with. If they give you all of that + the $1000 lease cash, you'd be at $505.60/mo.
  
These lease figures assume a .00016 mf (if available in your region), and do NOT include TFS's acquisition fee of $550. This fee can be rolled in or paid as part of your inceptions. If by chance the money factor being utilized in this region is .00060, your payment would be $567.89 and $532.05 respectively, depending on a cap cost of invoice, or invoice less $1172 (hb, wfr, gas).
  
In addition, this vehicle has an ad fee of $400 (TDA) and a gasoline charge of $10 on the factory invoice - just FYI.
 
Toyota lease rates are hard to keep track of as they vary quite a bit by region, but either way, as long as they fall within the range I gave you, from an apr perspective, you're still making out with either 0.38% or 1.44% - both very low!
 
As for the add on's, not sure how much, if any of that stuff can be residulized.
 
Good luck and keep us posted!

Messages Page 22 of 25

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