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2004-2009 Toyota Prius Lease Questions

174 messages,  Last post on Sep 09, 2009 at 6:55 PM

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What is this discussion about? Toyota Prius, Hybrid Cars, Car Leasing, Sedan

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#137 of 174 My lease deal... by LAPRguy Feb 01, 2009 (10:09 am)
I've got so much info reading this forum for years, so thought I would return the favor on my deal yesterday:   Prius, Magnetic Grey, Package 6: Drive off: 717.89 Monthly payment: 406.19 including tax ($374 I think without tax) Terms: 36 months Mileage: 15K per year Cap cost: 26966.99 Residual: $15784. Money factor: .00151   Negotiated this all online, with a local dealership that was willing to deal via email (sent out several emails, only 2 got back to me). Very easy purchase. Hamer Toyota in Mission Hills was aggressive in price right off the bat, and it certainly helped that they recently reduced the money factor and MSRP. Curious what the new deal will be in a few days, but felt I got a good deal on a car that made little sense to lease until now (IMHO).   Best of luck to you all! And thanks to all who contribute their experiences...it really educated me and made me a better buyer. Replies to this message: rvcacar (Feb 04, 2009 8:34 pm) Xcarsalesman (Feb 06, 2009 9:38 am) LAPRguy (Feb 10, 2009 6:54 pm) gundamz (Feb 11, 2009 12:53 pm) Car_man (Feb 13, 2009 3:20 am)
#138 of 174 Re: My lease deal... [LAPRguy] by rvcacar Feb 04, 2009 (8:34 pm)
Replying to: LAPRguy (Feb 01, 2009 10:09 am) Just out of curiosity, is your Prius the Touring model? thanks Replies to this message: Xcarsalesman (Feb 06, 2009 9:38 am) LAPRguy (Feb 10, 2009 6:54 pm)
#139 of 174 Can the rebate be applied to the lease special? by Xcarsalesman Feb 06, 2009 (9:38 am)
Replying to: rvcacar (Feb 04, 2009 8:34 pm) Hi, has anyone had the rebate (500 for SoCal) applied towards the lease with the .00151 lease rate, or is it one or the other? Thanks, J
#140 of 174 Prius Lease in Central NJ by blackjack3 Feb 06, 2009 (6:32 pm)
I am considering leasing a Prius. Can anyone recommend a good Toyota dealer in the vicinity of Summit, NJ (07901)?
#141 of 174 Re: My lease deal... [rvcacar] by LAPRguy Feb 10, 2009 (6:54 pm)
Replying to: rvcacar (Feb 04, 2009 8:34 pm) No, it was not. They actually offered me a touring model and it only modestly effected the price (maybe $10 a more a month...$15 more down). I really wasn't interested in the touring model or the color they had available in that configuration.
#142 of 174 Re: My lease deal... [LAPRguy] by gundamz Feb 11, 2009 (12:53 pm)
Replying to: LAPRguy (Feb 01, 2009 10:09 am) LAPRguy,   I just came back from a dealership here in NC. They quoted me 379 + tax per month for a package 2 and 12k per yr. How are you getting a package 6 with the same payment I got. And also, the finance manager swore he never heard of 0.00151 MF. Should I keep looking for a better deal?   Thanks, Sam
#143 of 174 Re: Prius Money Factor for January 09 [cmyawn] by Car_man HOST Feb 13, 2009 (3:02 am)
Replying to: cmyawn (Jan 26, 2009 5:25 am) Hi cmyawn. Toyota Financial Services' residual values are the same for all Prius trim levels. Its 36 month, 15,000 mile per year residual for a 36 month lease of an '09 Prius is currently 61%. The residual for an otherwise identical lease of an '08 model is 58%.   Keep in mind though that TFS calculates residual values differently than all other banks do. It places strict restrictions upon what options can be residualized. As a result, it is very difficult for consumers to calculate dollar residual values for Toyota vehicles on their own. Dealers are actually given a list of the dollar residuals for every unit that they have in stock rather than having to calculate them using the percentages like most other brand dealers do.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#144 of 174 Re: Prius Money Factor for January 09 [gerry10] by Car_man HOST Feb 13, 2009 (3:04 am)
Replying to: gerry10 (Jan 26, 2009 8:30 am) Hi gerry10. Unfortunately, since you have physically taken delivery of your new Prius I doubt that you will be able to get Toyota to renegotiate your deal using the enhanced lease program. Sorry that I don't have better news for you.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#145 of 174 Re: Prius Money Factor for January 09 [cmyawn] by Car_man HOST Feb 13, 2009 (3:07 am)
Replying to: cmyawn (Jan 26, 2009 11:55 am) Hey cmyawn. Unfortunately, what you were told is correct. Southeast Toyota is an independent distributor that uses its own captive finance company, SE Toyota Finance, instead of Toyota Financial Services. SE Toyota is actually a pretty annoying entity. They really only serve to add another middle man to the new vehicle purchase transaction that has to profit from your deal. They usually pack new vehicles with all sorts of annoying, over priced, unnecessary add-ons that consumers in your area have no choice but to get if they want a new Toyota.   I personally am so bothered by SE Toyota's existence that if I lived in the Southeastern U.S. I would choose another brand rather than dealing with them.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#146 of 174 Re: Newbie Lease question: Prius [GaryMF] by Car_man HOST Feb 13, 2009 (3:14 am)
Replying to: GaryMF (Jan 30, 2009 12:29 pm) Hi Gary. If you choose to, you can take advantage of Toyota's special lease program on the 2009 Prius and go with a zero down lease. Even though manufacturers usually include down payments on their advertised leases, consumers are always free to go with a zero down lease if they want to.   If I was in your situation, I personally would shop around in the New York area for the lowest possible selling price on the Pius that I wanted. Once I found a price that I was comfortable with, I would have the dealer calculate my car's monthly payment using its buy rate lease money factor. Toyota Financial Services' current buy rate lease money factor for the '09 Prius in its New York region is .00151 for consumers who qualify for its Tier 1+ credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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