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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

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


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#142 of 174
Re: My lease deal... [LAPRguy] by gundamz
Feb 11, 2009 (12:53 pm)
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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)
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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
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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)
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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
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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)
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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
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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)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#147 of 174
Re: My lease deal... [LAPRguy] by Car_man HOST
Feb 13, 2009 (3:20 am)
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Replying to: LAPRguy (Feb 01, 2009 10:09 am)

Congratulations on getting your new Prius, LAPRguy. Thanks for taking the time to give back and share the details of your lease with everyone. If you'd like, you can also hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride .
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#148 of 174
Lease warranty by jjprius
Mar 01, 2009 (11:35 am)
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We just signed papers to lease a 2009 Prius yesterday and just when we thought we were done the finance man tried to sell us a Toyota extra care platinum warranty (3 yr warranty $865). I opted for 15,000 miles per year so I will likely exceed the manufacturer 3yr/36,000 mile warranty. The finance man tried to tell us that the Toyota warranty is great for the 1st year but that Toyota only covers manufacturer defects for the following 2 years. He used an example of heat (we live in Phoenix) causing an air bag sensor or other computer sensor problem which would not be covered by the manufacturer. Has anyone else been offered this and does this make sense to purchase or skip?
#149 of 174
Re: Lease warranty [jjprius] by rmi
Mar 01, 2009 (8:47 pm)
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Replying to: jjprius (Mar 01, 2009 11:35 am)

Sounds to me like that would be a manufacturing problem. Also sounds like an upsell to me, and I would pass. It was my understanding that Priuses have trouble in the cold, not the heat. So by that dealer's statement, are we to assume that Priuses then have problems in all types of weather?
#150 of 174
MF and residual for SoCal by coolacoo
Mar 05, 2009 (11:26 pm)
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Car_man,
 
I'm thinking about leasing a prius this month. I am undecided about what package and whether to get the touring model. Can you let me know what the money factor and residuals are for March in Southern California for the various packages and models with 10,000 miles a year? (If you only have the numbers for 12,000 miles, I'll take that.)
 
FYI these forums are great. I used the information from them last time I leased a car and saved thousands.
#151 of 174
Re: MF and residual for SoCal [coolacoo] by Car_man HOST
Mar 20, 2009 (3:01 am)
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Replying to: coolacoo (Mar 05, 2009 11:26 pm)

Hi coolacoo. I'm glad that you find these forums so helpful. Here's the information that you're looking for. Toyota Financial Services' current Southern California buy rate lease money factor and residual value for a 36 month lease of a 2009 Prius with 12,000 miles per year are .00102 and 61%, respectively.
 
Keep in mind though that TFS publishes residual value percentages for vehicles base MSRPs. It places restrictions upon what options can be residualized, making its effective residuals lower than its published percentages.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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