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2004-2009 Toyota Prius Lease Questions

174 messages,  Last post on Sep 09, 2009 at 6:55 PM

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

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#71 of 174 Re: Is this a good deal in South Florida ? [jerrym43] by Car_man HOST May 22, 2007 (1:40 am)
Replying to: jerrym43 (May 07, 2007 2:56 pm) Hi Jerry . I see that you are considering trading in your Camry on a lease of a new Prius. There's nothing wrong with trading in a vehicle when leasing, however it would be in your best interest to have the dealer that you are working with cut you a check for your trade rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making large down payments on leases. Those who do risk losing part or all of their down payment if their vehicle is totaled in an accident or stolen and never recovered.   The lease money factor that you were quoted for the Prius that you are interested in looks about right to me. In your post you mentioned that this car's cap cost is $23,236.38. Is this before or after the down payment is applied? If it is before, this is a great deal. If this is after, not so much.   Car_man Host Prices Paid Forum
#72 of 174 Residuals by youngjo6 May 23, 2007 (4:51 pm)
Car_man, First of all, you're a saint. I'm looking at a 2007 package 2 with a net cap cost=21995 and a money factor=.0025. I was wondering if you knew the current residuals for area codes 93030 and 93101(Oxnard and Santa Barbara CA) and if 21995 is a good price for that model. Thanks!!!
#73 of 174 Is everyone paying security deposit and acquisition fee by dabreeze21 Jun 29, 2007 (5:21 pm)
I am just wondering if I can negotiate the security deposit and acquisition fee out. Is everyone paying those or not? Thanks.
#74 of 174 Re: Prius Lease in VA [lccalvert_1999] by sendsley Jul 21, 2007 (4:29 pm)
Replying to: lccalvert_1999 (Mar 18, 2007 4:29 am) Hi - Looks like a solid deal. Do you have contact info (email) for your salesman? And is the $332 with tax (as in that's what you right the check for every month?) or do you actually pay $350 something monthly?   Did you discuss 12k per year by chance??   Thanks so much!   Scott
#75 of 174 To Lease or to Buy? by lifeisgood8 Jul 28, 2007 (2:01 pm)
Hi!   I'm ready to dump my gas-guzzling, leased Mercedes for a Prius. My last two cars were leased and I’ve become accustomed to being able to get a new car every 3 to 4 years without the hassle of repairs, depreciation of car value etc.   The car dealer faxed me the rate sheet and next week I go in to negotiate. I need to decide whether leasing a Prius is a good idea or not. (Hi CarMan! I read an earlier post where you cited concern over owning the Prius since it is relatively new in the marketplace – namely the potential high cost of replacing the battery.)   1st question: Is this a good deal? And where is there room to negotiate? Base Model - $22,175 Package #6 - $4550 Rear Bumper Applique (?) $65 Wheel Locks (alloy) $65 Preferred Acess Pkg. - $277 Destination Charge - $620   Total $27,752   I live in Connecticut (06807) and there is no tax on the car.   2nd Question: All the dealers insist that buying is the way to go because Toyota isn’t offering a great lease deal. What are your thoughts?   Thanks a million!   Replies to this message: sendsley (Jul 28, 2007 4:24 pm) lifeisgood8 (Jul 28, 2007 5:07 pm) Car_man (Aug 07, 2007 2:12 am) pt95148 (Dec 07, 2007 10:06 am) pt95148 (Dec 12, 2007 11:15 am) etroup (Dec 26, 2007 12:29 pm)
#76 of 174 Re: To Lease or to Buy? [lifeisgood8] by sendsley Jul 28, 2007 (4:24 pm)
Replying to: lifeisgood8 (Jul 28, 2007 2:01 pm) With the 2008 Model the EPA estimate on all cars is going down to realistic numbers, for Prius it will go from 60/51 to 48/45 so that will hurt them. Gas prices traditionally drop as summer goes down and the tax credit ends all together on Prius, Oct 1 I believe. I believe Toyota will be offering incentives very soon on Prius'   Best money factor on a lease I saw in my research was .0011 back in March, best I got offered in the past week was .0025   Right now, buying is better than leasing but it may not be long until that changes. Just my speculation based on some solid facts, I have no inside info.   Scott Replies to this message: lifeisgood8 (Jul 28, 2007 5:07 pm)
#77 of 174 Re: To Lease or to Buy? [sendsley] by lifeisgood8 Jul 28, 2007 (5:07 pm)
Replying to: sendsley (Jul 28, 2007 4:24 pm) Thanks so much Scott! Any insight on the price they are offering for the car and what is realistically negotiable? Thanks!
#78 of 174 Re: To Lease or to Buy? [sendsley] by lifeisgood8 by lifeisgood8 Jul 28, 2007 (5:09 pm)
Oops I suppose it helps to tell youwhat they are offering for the 2007 Prius   1st question: Is this a good deal? And where is there room to negotiate? Base Model - $22,175 Package #6 - $4550 Rear Bumper Applique (?) $65 Wheel Locks (alloy) $65 Preferred Acess Pkg. - $277 Destination Charge - $620    Total $27,752   Thanks! Replies to this message: jjlawyer (Jul 30, 2007 3:37 pm)
#79 of 174 Re: To Lease or to Buy? [sendsley] by lifeisgood8 [lifeisgood8] by jjlawyer Jul 30, 2007 (3:37 pm)
Replying to: lifeisgood8 (Jul 28, 2007 5:09 pm) Check out priuschat.com for pricing. I think people are able to get package 6 touring for about $26300, maybe $26000 for package 6 non-touring. That price is not that good.
#80 of 174 Re: To Lease or to Buy? [lifeisgood8] by Car_man HOST Aug 07, 2007 (2:12 am)
Replying to: lifeisgood8 (Jul 28, 2007 2:01 pm) Hi lifeisgood8. The Prius that you are interested in probably has a spread of around $2,200 between its full MSRP and its dealer invoice price. Are you being given any sort of dealer discount on it? If not, you should try to negotiate a little bit. I am not personally all that familiar with what the market is like for the Prius right now, but I would think that you would be able to negotiate at least a $1,000 discount if you are in an area that has a decent level of competition. You may be able to get an idea of how much you will have to pay for this car by visiting the following discussion: "Toyota Prius: Prices Paid & Buying Experience".   I don't believe that Toyota is providing any sort of lease support on the Prius in your area right now. As a result, if you were to lease this car through Toyota Financial Services right now, you would have to use its standard lease money factor. The last time that I checked, TFS' buy rate standard money factor for consumers who qualify for its Tier 1+ credit tier was .00285 in your area. What you were told is correct, Toyota's lease program for the Prius is not very attractive right now. Still, I personally would be very hesitant to purchase this car with the intention of holding on to it for a really long time.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: pt95148 (Dec 07, 2007 10:06 am) pt95148 (Dec 12, 2007 11:15 am) etroup (Dec 26, 2007 12:29 pm)

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