Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 2004-2009 Toyota Prius Lease Questions
174 messages, Last post on Sep 09, 2009 at 6:55 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
Im looking at possibly leasing a Prius in another year or so. Im having trouble rectifying the lease prices however and why they are so high for a ~$25,000 car. Im currently in a lease on a $38,000 G35X and paying $380/mth 39mths $1000 down 15K miles a year. The residuals on both cars are leaders in the industry. Money factors all competitive, etc. For a $13,000 cheaper car the lease terms should be far more competitive on the Prius than I'm being offered. Based on the same criteria on my Infiniti, we should be talking around $300/mth. There are some tax incentives in Ohio for hybrids, but I wouldnt call them significant enough to be THE major factor. We also dont have any carpool lanes or special parking privileges. I dont see gas prices falling any time soon, so Im also looking the new VW TDIs which will be out later, however neither hybrid/diesel option gives me a car thats really suited for the snow belt. And at the leasing price points Im seeing, Im not convinced yet I can justify the inflated lease terms on a car with a relatively low MSRP. The MPG of the car should really have nothing to do with the lease terms since the lease pricing is all a product of MSRP, though I admit the MPG will save me money. But probably not enough to make a windfall over a 3yr lease to substantiate the other items Ive outlined. Were I purchasing with cash, the car would seem like an extremely competitive deal however. Is the fnancing arm still Toyota Motor Credit?
|
|
|
|
|
Replying to: udpride (Apr 25, 2008 10:31 am) |
|
|
Hello everyone, I have been shopping around Southern California like crazy for an 08 Prius Package 2 and this is what I have from Longo Toyota: Adjusted Cap Cost: $23,966.71 Residual Value: $13,510 Base Monthly Payment: $386.03 Total Monthly Payment: $417.88 This is on a 36 month lease, 15,000 miles, Cash Down: $1,000 Lease, The salesperson said his MF was .00245 but my math shows .00255, nonetheless, any oppinons on this so called deal, let me know. Anyone else have any lease information on the same Prius, any help is appreciated |
|
|
The dealer just quoted me $396 pm for a Base Prius (1220). 15,000 miles a year with matts as the only option. That was with 1,000 down and a 2,000 trade in. I have tier 1 credit. That's on a car worth 22,574. The web page for this dealer listed a 12,000 mile per year 36 month lease as $281 pm. Just to get you in the door. Another dealer across town offered $386 pm to be competetive. I'm goint to lease a VW GTI for $269 a month instead. MSRP is a tiny bit higher on the VW than the the Prius. For the difference I don't care if the interior iof the VW is made of baby seal skins. Series: Prius Model: 1220 - Gas/Electric Sedan (CVT) Model Year: 2008 Transmission: Continuously Var. Transmission VIN: JTDKB20U883416874 Color: Magnetic Gray Metallic Interior: Dark Gray Available: 05/22/08 Dealer Name: Stadium Toyota Dealer Phone: 813-872-4881 MSRP Base $21,100 Options $259 Manuf, Delv, Proc & Hndlg $715 Subtotal $22,074 Dealer Fees $500 Total $22,574 60 Months Purchase $417 Assumes 10.0% down payment, 8.5% APR 36 Months Lease $281 Assumes 10.0% down payment |
|
|
Replying to: howac (Apr 04, 2008 3:06 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
|
Hello, I've never leased a car before, but have been offered a package #6 Prius, the darker grey, for MSRP of $28,300. With taxes etc in California it is around $31,000. This car has been found thru car broker in LA at car dealership in Sacramento, so I'd probably pay a delivery fee of $375. I have a credit rating of 841. The lease involves: putting $1000 down 36 months 15,000 miles $538/month residual: $14,900. In contrast, purchase would be $3000 down 60 month loan thru Toyota at 6.29% (seems high) $550/month. Any advice from you knowledgeable folks? Need it soon. Thanks, Katherine
|
|
|
|
|
Replying to: kmader (Jun 23, 2008 8:55 am) As someone who always had leather seats I love the cloth interior of these. if you can save $ I highly recommend it, esp as I didn't have to burn my a** during this last heatwave.. Factoring in your down/delivery that is about 575 a month total which if it includes taxes is probably par for the course these days. However I am sensing a backlash against the dealers who have been marking up the prices and claiming there's a 3 month waitlist....I get 3 calls a day about one that "just happened to come in". Good luck - I'm stoked with mine! |
|
|
Replying to: kmader (Jun 23, 2008 8:55 am) Package 2 $22,900 3 year lease with 12,000 miles Nothing down except drive off of first month's payment and license (I think it came to a total of $646.) Residual -- $13,900 Total monthly payment including taxes $419. They really stuck it to me on the money factor -- I think it was .00323. My FICO is 844. Two weeks earlier, I could have gotten it for $379. SoCal is using "scare tactic" of "running out of cars, better hurry up because Toyota has stopped production, some dealers are charging $5,000 premiums, etc." Plus, they are taking #2s and tricking them out and then charging $28,000+ for them. Don't fall for it. If you don't bite, they'll call you back in a couple of weeks with, "I just got a car in . . . " Good luck. I love my car. Curious -- What are you paying the broker? |
|
|
I am paying the broker $700. For me it's been worth it. He's an older man who bought his own Prius, had a horrible experience at a dealership, and decided he could be the middleman for others to avoid what he went through. He has contacts with dozens of dealers; I haven't had to set foot in a dealership. He has called over the last several weeks with possible Prius' that were either the wrong color or had something extra added that I didn't want. He put me in contact with dealership in Sacramento where I had risen to the top of their list for buying a package 6 for MSRP, and the car is supposed to be on the ocean, arriving in the next week or two. It will be delivered to my driveway. So the decision I have to make in the next couple of days is whether to buy or lease. Thanks for all your good info. I feel more comfortable with the lease decision I think. Katherine |
|
|
So why would anyone lease a Prius right now? Now before you jump on me, I'm not saying this because I think the Prius is a bad car. I'm saying this because you can look on used car sites and see two and three year old Priuses selling for close to what a new one goes for, yet the residual values assigned to them in the lease programs are far below Infiniti, Acura, etc? If a three year old Prius is selling for near what a new one goes for, shouldn't the lease cost next to nothing? Yet people are paying upwards of $300/mo! Makes no sense. |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences 2004-2009 Toyota Prius Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Toyota Prius
Browse by Board
Browse by Topic
Today's Chats
