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
|
Replying to: owenpop (Mar 15, 2007 10:05 pm) I decided not to get a Prius. The dealership let me walk out the door without even trying to negociate a lower price. I was not impressed with the view you have while driving out the back window. The window is at a weird angle and I was not comfortable changing lanes. I hope this helps. Good luck, sc4la |
|
|
Hello Car_Man, I am interested in leasing an '07 Prius Touring w/PKG #2 or #3, plus leather in South Florida; however, I am willing to drive elsewhere to avoid Toyota Southeast Distributor's extra fees & costs. I have read your previous posts regarding the difficulty of ascertaining a general MF and Residual through Toyota Financial; however, I was quoted the following by a local dealer (same of which appears expensive): 53% - Residual for a 36 month/12K mile with an added bonus of $1700 or residual bump, plus a MF of .00159. To the best of your knowledge do these figures appear to be legitimate? Also, if I decided to travel outside FL what state (region) would offer the most attractive lease deals on a Prius, and what would that particular region's MF and residual (approximately) be? Many Thanks, Steve
|
|
|
|
|
Just finalized my lease of a 2007 Prius with Package #2 (includes floor mats and wheel locks) with 15K miles, no money down, tax, title and tags rolled into the payment. I walked out only having to pay 1st month's payment. MSRP - $24,234 Negotiated Vehicle Price - $21,500 Acquisition Fee - $550 Total Cap Cost - $22,050 (about $1,000 less than Toyota's current advertised special) MF - .00113 Residual - $12,546 (based on 15K) $332.00 Per Month They didn't have the Magnetic Gray that I wanted, so I'll pick between either Red or Silver. Selling dealership was Miller Toyota. Had a great experience with them, their sales manager and their finance manager. We actually sat down and backed into the numbers Toyota had provided for the advertised lease so everyone understood how they got to $269 per month. From there, we worked our way into the payment above. Yes, it is more complicated than it sounds. They were very open with me, even providing access to their internal computer systems that calculate the lease costs. Hope this helps! |
|
|
Replying to: lccalvert_1999 (Mar 18, 2007 4:29 am) Thx.
|
|
|
Replying to: lccalvert_1999 (Mar 18, 2007 4:29 am) A few questions, if you don't mind... Are your payments are based on $22,050 or $22,050 plus tax? What was the residual value based on, percentage wise? -bob
|
|
|
|
|
Replying to: kerb (Mar 18, 2007 7:22 am) |
|
|
|
|
Replying to: owenpop (Mar 18, 2007 9:18 am) Toyota doens't user percentages to calculate their residual values. Each vehicle on the lot is provided a residual by TFS (toyota financial services) based on the equipment that it comes with. For example for 12,000 miles per year: Package 2 - residual of $12,990, Package 4 - residual of $13,140, Package 5 - residual of $13,640, and Package 6 - residual of $14,040 IMO, the best deal here is the Package 2, which is why we ended up with that car. To me, it didn't make sense to move all the way to a package 5 or 6 (about $3,000 or more above our selling price) have the residual only rise by $600 and $1000 respectively. Hope that make sense... let me know if you have additional questions. |
|
|
Replying to: sc4la (Mar 04, 2007 12:06 am) You never mentioned this car's selling price. This is a very important number to know because the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The market for the Prius seems to have cooled off a little bit in some areas. The days of dealers having waiting lists and getting full MSRP for it are gone. Shop around for the lowest price that you can get on this car and then have the dealer that gives it to you use the aforementioned money factor to calculate your lease payment. Car_man Host Prices Paid Forum |
|
|
Replying to: addi (Mar 05, 2007 7:44 am) Car_man Host Prices Paid Forum |
|
|
Replying to: onetomk (Mar 07, 2007 7:44 pm) Car_man Host Prices Paid Forum |
|
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
