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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
Is it possible that Toyota offered the special Prius lease offer that expired at the end of March to help boost their quarterly results. If you look at yesterday's announcement, Toyota overtook GM to be the number one car seller in the US?
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Hi CarMan, thanks for all the info you provide. I don't know how you find the time... I went to Hollywood Toyota to get a package 6 regular Prius. I have Tier 1+ credit etc etc etc. I was hoping that with 0 down I would aim for $450 pm for a 36M lease with 15K miles. They offered me $488 + tax. So, says I, based on their price of $25,300 (nice I had thought), I'd be coughing up over $19,000 for 3 years? They had said the residual would be $13,400 but Toyota was no longer offering .00133 MF, and rather I would only get .00245 (5.9%) When I said that the numbers didn't seem to add up, I was told that "Hybrid's have very low residuals", "Toyota doesn't offer the .00133 MF in favor of a blanket $2,000 off MSRP" and "have some coffee." This sounded phenomenally high to me, but they didn't have any interest in negotiating (did my sheafs of townhall-talk make them not want to do business?). My last lease was an Audi A6 that I paid about this much for. Confused in Cali aka Am I Just An Unrealistic Fool? aka can I not afford to save the planet?
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This is from the proposal from the dealer. 2007 Prius sedan, package #6. Money factor=0.00214. Res= %52 Res=$13967.20 cap cost=23236.38 advance= 33835 profit=329.46 init charge= $4500 inception fee deficiency=507.50 mark up=29.46 msrp=27450.00 monthly payment for 3 years=$359.00 including tax I'd have 35 payments after delivery----they would allow me $4500 for my 97 Camry in trade but the bluebook is only 3250 on a trade. That's the only thing I'd put down. I am seriously considering this but do not want to get taken. These are all the figures Igot from the dealer. Thanks for your help and advice Jerry
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Replying to: bgk99 (Apr 01, 2007 9:31 pm) |
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My wife and I ran our credit report to get our credit scores - 675 and 710 respectively. We got to the Toyota dealer and when they ran out report they came up with 608 and 595 respectively. The scores were both from Experian and TransUnion. What gives?
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Replying to: kiki4me (May 12, 2007 7:13 pm) Did the dealer actually show you the scores, or just tell you?
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Replying to: stevedebi (May 14, 2007 11:24 am) |
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Replying to: jerrym43 (May 07, 2007 2:56 pm) The residual is based off of the MSRP. $27,450 * 52% = $14,274 not $13,967.20. What is the actual selling price, bank fee and do they require a security deposit? I can run the lease for you. Paxton |
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Replying to: thomaskl1 (Apr 25, 2007 2:03 am) Car_man Host Prices Paid Forum |
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Replying to: anchovy (Apr 26, 2007 10:17 pm)   . What you were told is correct. When Toyota introduced the special option package discounts on the Prius in April it stopped providing special lease money factors on it. As a result, if you were to lease one through Toyota Financial Services right now, you would have to use its standard lease program. Its standard money factor varies somewhat by region, but the factor that you mentioned looks about right to me. The best that you can do is shop around for the lowest possible selling price on the Prius that you want and have the dealer that gives it to you use the money factor that you mentioned to calculate your monthly payment. Car_man Host Prices Paid Forum |
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