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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
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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!  
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Replying to: lifeisgood8 (Jul 28, 2007 2:01 pm) 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
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Replying to: sendsley (Jul 28, 2007 4:24 pm) Thanks!
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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!
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Replying to: lifeisgood8 (Jul 28, 2007 5:09 pm) |
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Replying to: lifeisgood8 (Jul 28, 2007 2:01 pm) 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
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Car Man, I've been offered the following lease on a 2008 Prius Model 1224A (PKG 3)from Boch Toyota in Norwood Massachusetts: term: 48 months money factor: .00275 17,000 miles per year residual value: 10,316 MSRP: 25,289 agreed upon value: 22,619 GAP insurance: 595 Acq fee: 550 doc fee: 298 title: 84.5 gross cap cost: 24,146.5 monthly payment: 349.52 tax: 17.48 total monthly: 367.00 Any comments on this deal are greatly appreciated!!! Regards, Kelley Connolly
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Replying to: anchovy (Apr 26, 2007 10:17 pm) Can you tell me more about the MF? or point me in the right direction for research. I am trying to understand how a MF of .00245 equates to a 5.9%. Thanks in advance
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Replying to: kdconnolly (Oct 28, 2007 5:20 pm) Here is what I got from Expressway in Dorchester Option 5 (yours is option 3) term: 48 months money factor: not known 15,000 miles per year residual value: 12,636 MSRP: 26,464 agreed upon value: 24,464 monthly payment: 342.45 tax: 18.00 total monthly: ~ 360.00 |
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Hi all. I'm considering a lease in the Seattle area. What do you think about these lease terms? 2008 Blue package 3, 12k mi/yr, 36mo lease. sale price 23900 dealer installed leather 1400 RV 14342 MF 0.00285. I'm also considering getting satellite radio. Should I have negotiated this from the start? or can I still negotiate down the price after I have the above deal? Also does Toyota always make you pay for gap insurance? Thanks. |
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