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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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#41 of 174 Re: Search for MF and Residual % for '07 Prius Touring in S. Florida [kerb] by Car_man HOST Mar 22, 2007 (2:59 am)
Replying to: kerb (Mar 17, 2007 2:44 pm) Hello Steve. The lease program that the dealer told you about looks right to me. The money factor that you were quoted for the '07 Prius that you are interested in is right in line with SE Toyota's current buy rate for this model. Outside of the Southeastern U.S., Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month, 12,000 mile per year lease of this car are .00113 and 57%, respectively for consumers who qualify for its "Tier 1+" credit tier.   Car_man Host Prices Paid Forum Replies to this message: kerb (Mar 22, 2007 7:02 am)
#42 of 174 Re: Prius Lease in VA [lccalvert_1999] by Car_man HOST Mar 22, 2007 (3:01 am)
Replying to: lccalvert_1999 (Mar 18, 2007 4:29 am) Congratulations on your new Prius, lccalvert_1999. It looks like you negotiated a very good deal. Thanks for taking the time to share the details with everyone. Enjoy your new ride.   Car_man Host Prices Paid Forum
#43 of 174 PRIUS - CHICAGO REGION - 3/22/07 by addi Mar 22, 2007 (6:36 am)
Hello Car_man,   This is the quote I received yesterday for a 2007 Prius with package #3. This probably includes carpet and other items which come to $192 over MSRP -($25,500)      MSRP: $25,692 - my cost $24,500 -$1,323 over Inv.      INV: $23,177      M.F. .00055 (1.32%) same as Feb. Resdidual looks      like 51%. They said the residual was $13,140. TERMS: 36 months and 12,000 miles per year. I am considering ordering this car tomorrow (3/23/07) WHAT DO YOU THINK? Appreciate your thoughts!   Addie
#44 of 174 Re: Search for MF and Residual % for '07 Prius Touring in S. Florida [Car_man] by kerb Mar 22, 2007 (7:02 am)
Replying to: Car_man (Mar 22, 2007 2:59 am) Hello Car_man,     Many thanks for your prompt response. While I agree that the money factor on said vehicle is .00113 in certain regions I have also discovered that in TN it is .00024. What I have not been able to confirm is the vehicle's residual in TN and/or Virgina. Those dealers advise that I must choose a particular car and that car's invoice reflects an individual residual - this appears strange to say the least. To complicate matters further, the residuals which those dealers advise of appears to be extremely low (i.e. - a residual of $13,650 for a Prius Touring with PKG #3). I can confirm that the residual in the SE is 53%, plus a $1,700 bonus added thereafter.   Thx.
#45 of 174 Lease program in New England by davidlni Mar 23, 2007 (10:17 am)
I got the following figure (in Rhode Island) for leasing Touring model with package #2.   Sale Price: $24,212 Residual: $13,500 Down: $1,999 + $600 (1st month payment and acquisition fee) Monthly payment: $273.48   And I asked for,   Residual: $12,500 Down: $1,999 Monthly payment: $250   So far no luck. Any suggestion.   P/s: BTW, I wonder does the car selling in Phoenix (SW area) have any different treatment due to weather concern compared to those sell in New England, or vice versa.
#46 of 174 Prius Lease in California by salobrenar Mar 28, 2007 (9:20 am)
Hi. I am considering leasing a toyota prius. What exactly is the federal tax credit? Is it deducted directly from the tax owed to the federal government? (for example if i owed $2000 in taxes, would it be reduced to 200 with an $1800 tax credit on hybrid car?) Would leasing a prius also qualify me for the tax credit in california? Thanks.
#47 of 174 Prius Lease Michigan by delaray Mar 29, 2007 (9:04 pm)
Considering Prius lease offered here in Grand Rapids Michigan. I would prefer to put $0.00 down. I have driven the car and like it so that part is over with. What should I expect to ge tthis car for monthly? I don't really "get" the figures below. I know that they can deal on leases also. Should I start by offering what I want to pay for the car overall. Any advice would be appreciated, thanks...   specifics:   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.
#48 of 174 2007 prius money factor and residual value by osk86 Mar 30, 2007 (6:42 pm)
Hi,   I live in the San Francisco Bay Area and am looking for the money factor and residual fidures for a 2007 prius. I have been talking to dealerships and they are telling me that the current money factor and residual value offered by toyota are .0004 and 48% respectively for a 36 month lease. I was looking in this forum and i got .001311 and 57% respectively for a 36 month lease. the second one is clearly more attractive. what are the true figures? Replies to this message: hfrisch1 (Apr 01, 2007 7:31 am)
#49 of 174 TAX CREDIT ON LEASE by delaray Mar 31, 2007 (7:16 am)
If I lease a Prius I know I don't ge the tax credit. Does the dealership or the leasing company get the tax credit or does anybody get credit on a lease. thanks??
#50 of 174 Re: 2007 prius money factor and residual value [osk86] by hfrisch1 Apr 01, 2007 (7:31 am)
Replying to: osk86 (Mar 30, 2007 6:42 pm) We got our first prius with the top of the line package early in March. We put nothing down at all including tax and registration. It is costing us $464 a month for 35 payments plus a first payment of $764.   When our second car goes back in May we hope to get an additional Prius. At 471/2 miles per gallon we are very happy.

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