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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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#77 of 174
Re: To Lease or to Buy? [sendsley] by lifeisgood8
Jul 28, 2007 (5:07 pm)
Reply

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)
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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!
#79 of 174
Re: To Lease or to Buy? [sendsley] by lifeisgood8 [lifeisgood8] by jjlawyer
Jul 30, 2007 (3:37 pm)
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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)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#81 of 174
2008 Prius - Standard Model 1224A (Pkg #3) by kdconnolly
Oct 28, 2007 (5:20 pm)
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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
#82 of 174
Re: Am I High? [anchovy] by pt95148
Nov 09, 2007 (4:47 pm)
Reply

Replying to: anchovy (Apr 26, 2007 10:17 pm)

Anchovy or Carman,
 
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
#83 of 174
Re: 2008 Prius - Standard Model 1224A (Pkg #3) [kdconnolly] by piper5ul
Nov 11, 2007 (6:25 am)
Reply

Replying to: kdconnolly (Oct 28, 2007 5:20 pm)

You want to negotiate a bit more i think
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
#84 of 174
Prius lease by mingb
Nov 25, 2007 (8:14 am)
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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.
#85 of 174
Re: Am I High? [pt95148] by mingb
Nov 25, 2007 (8:19 am)
Reply

Replying to: pt95148 (Nov 09, 2007 4:47 pm)

In case you still don't know. interest rate = MF *2400.
.00245*2400=5.88%
#86 of 174
Alabama Prius Lease 0ffer on 11/21/07 by ltcipro
Nov 25, 2007 (1:06 pm)
Reply
Got this over the phone:
 
base model, white or red, pkg #2, plus floor mats at...
 
$22,974 invoice plus $700 profit = $23674
plus tax, title.
36 mth lease
$408.00
 
salesman said he was using .55 residual and ,00266 money factor.
 
the monthly lease seems quite high. you thoughts/guidance, please.

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