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2004-2009 Toyota Prius Lease Questions

175 messages,  Last post on Dec 03, 2009 at 1:54 AM

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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#21 of 175 Re: Michigan question [greenpeace] by Car_man HOST Feb 13, 2007 (3:04 am)
Replying to: greenpeace (Jan 31, 2007 5:28 am) Hi greenpeace. I think that leasing a Prius instead of buying it is a smart decision. There isn't any long-term reliability data for hybrid vehicles yet. Consumers who buy them may end up spending a lot of money on maintenance for them several years from now. At the very least, they are eventually going to have to replace their batteries which is going to be very expensive. If I was in the market for a Prius, I personally would lease one rather than buy it.   A $1,500 discount is a good selling price for this car. I remember not that long ago when dealers couldn't get enough of them and consumers would jump at the chance to get one for full MSRP. I have seen other community members report getting one for fairly close to dealer invoice, so it wouldn't hurt to shop around a little more. Whether you are able to get a lower price than this will depend upon the level of competition in your area.   Car_man Host Prices Paid Forum
#22 of 175 Re: PRIUS RESIDUAL [addi] by Car_man HOST Feb 13, 2007 (3:05 am)
Replying to: addi (Feb 07, 2007 7:06 am) Hey Addi. The interest rates that you mentioned are only for conventional loans, not leases. See my previous response to you for an idea of what this car's lease program is like right now.   Car_man Host Prices Paid Forum
#23 of 175 CAR_MAN PRIUS TIME by addi Feb 13, 2007 (6:25 am)
First of all thanks for all the work you do so we as consumers can get a great deal on our choice of car. Enough said. YES, I am in the Chicago group. Dealer did say the M.F. was .00055. HERE WE GO: Prius Touring Model with package #3 MSRP - 23,070 INV - 21,171 PKG#3 2,705 INV - 2,138 TRANS - 620 620 TOTAL - 26,395 23,929 $24,929 $1,000 over INV. LOOKING FOR $1,000 OVER INVOICE PRICE PER MONTH 24 and 36 Replies to this message: Car_man (Feb 18, 2007 8:15 am)
#24 of 175 My Deal?? by shine5555 Feb 14, 2007 (7:29 am)
This is what I have at this time. What do you guys think. I am in VA, but very close to TN and KY   Offer good on 2007 Prius 5-Door Liftback Model 1224 – ECVT transmission, vehicle skid control, backup camera, smart key system,AM/FM/CD changer/MP3 with 6 speakers, carpeted floor mats and cargo mat, rear bumper appliqué, and more! $259/Mo. – 36 Month Lease. $1,999 due at lease signing. Includes $1,190 Customer Down Payment + First Month’s Payment/$259 + Acquisition Fee/$550. $300 security deposit waived to qualified buyers subject to approved credit through Toyota Financial Services. Good on Tier I PLUS only. 36-month payments total $9,324 – excludes state and local taxes, tags, registration and title, insurance, and dealer charges. Lease Factor .00024. Closed-End Lease. Lease-end purchase option $12,990. The manufacturer’s suggested retail price for the 2007 Prius 5-Door Liftback Model 1224 is $24,234. Includes destination charge, but excludes state and local taxes, tags, registration and title, insurance, and dealer charges. Adjusted Capitalized Cost is $22,011 based on dealer participation. Other options and dealer charges extra. Lessee may be charged for excessive wear based on Toyota Financial Services/Toyota Lease Trust (TLT MI & OH) standards for normal use and for mileage in excess of 36,000 miles at the rate of $0.15 per mile (low mileage lease). Your payment may vary depending on final price. Tax credit limited to new purchases only. Used vehicles sales and leased vehicles are not eligible to claim tax credit. Amount of tax credit is subject to IRS regulations in effect at the time of purchase and change subject to changes in applicable Federal Tax Laws. Delivery must be taken from new 2007 dealer stock by 2/28/07 and is subject to availability. Available to qualified customers through Toyota Financial Services. Effective 02/01/02 Ohio requires sales tax to be collected at lease inception. Individual dealer prices may vary. See participating dealers for details. Replies to this message: Car_man (Feb 18, 2007 8:18 am)
#25 of 175 Re: CAR_MAN PRIUS TIME [addi] by Car_man HOST Feb 18, 2007 (8:15 am)
Replying to: addi (Feb 13, 2007 6:25 am) You're very welcome, addi. Unfortunately, it is difficult to calculate what lease payments on Toyotas should be through Toyota Financial Services because the residual values that it publishes are for base models. Unlike most banks, it places restrictions upon which options can be residualized and caps on the ones that it allows. As a result, vehicles' actual dollar residual values are lower than just a straight percentage of your vehicle's MSRP. Toyota provides dealers with a list of dollar residual values for every vehicle that they have in stock. You really need to ask the dealer what the residual value is for the vehicle that you want to calculate its lease payment.   Car_man Host Prices Paid Forum
#26 of 175 Re: My Deal?? [shine5555] by Car_man HOST Feb 18, 2007 (8:18 am)
Replying to: shine5555 (Feb 14, 2007 7:29 am) Hi shine5555. This looks like an advertised lease payment. Like most advertised leases, this is a pretty good deal but I would not be surprised if you were able to beat it by shopping around. Manufacturers' advertised leases tend to leave a little meat on the bone so to speak. It makes sense if one thinks about it. Dealers would be pretty annoyed if their manufacturer advertised the skinniest possible deal on a car or truck. I suggest that you use this advertised lease as a baseline for how much you should pay, shop around, and try to beat it. You don't have anything to lose by trying.   Car_man Host Prices Paid Forum
#27 of 175 Was I right to pass the deal?? by sc4la Mar 04, 2007 (12:06 am)
I live in Socal am I am looking to lease a Prius package 6. The breakdown is:   MSRP: $27465(cost includes a premium package and the touring model) Term: 36 months Miles per Year: 15,000 Tax in California: 8.25% Residual: 55% Money Factor: .00155 (I think) My drive-off was $2000.   They offered me monthly payments of $382 per month (including tax). The deal did not sound right to me so I wanted to run it by you, Carman. What do you think??   Please let me know,   SC4LA Replies to this message: owenpop (Mar 15, 2007 10:05 pm) sc4la (Mar 16, 2007 1:34 pm) Car_man (Mar 22, 2007 2:47 am)
#28 of 175 PRIUS MARCH M.F. CHICAGO DISTRICT by addi Mar 05, 2007 (7:44 am)
Last month (FEB) the M.F. for Southern Indiana was .00055 for a 24 month deal. When you get the opportunity, would you please give me the M.F. for March. Thanks.   Addie Replies to this message: Car_man (Mar 22, 2007 2:50 am)
#29 of 175 Prius Touring Southeast Money Factor & Residual by onetomk Mar 07, 2007 (7:44 pm)
Hi. Considering a Prius Touring w/ package 3 in Florida. What is the residual and money factor for this car? This is for a 36 mo, 15k mi/yr lease. Replies to this message: Car_man (Mar 22, 2007 2:52 am)
#30 of 175 Re: Was I right to pass the deal?? [sc4la] by owenpop Mar 15, 2007 (10:05 pm)
Replying to: sc4la (Mar 04, 2007 12:06 am) Hi sc4la.   I live in LA and am about to shop for a Prius. I think I'm going after the same package as you.   What if anything did you finally do?   Thanks, --bob Replies to this message: sc4la (Mar 16, 2007 1:34 pm)

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