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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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#84 of 174 Prius lease by mingb Nov 25, 2007 (8:14 am)
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)
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)
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. Replies to this message: climbonboard (Dec 06, 2007 7:47 pm)
#87 of 174 Re: Alabama Prius Lease 0ffer on 11/21/07 [ltcipro] by climbonboard Dec 06, 2007 (7:47 pm)
Replying to: ltcipro (Nov 25, 2007 1:06 pm) While I don't know the current money factors and residuals on Prius's, don't get suckered by the dealer's terminology. That $700 "profit" is just a smoke-screen. The dealer is making at least $420 on holdback, from the manufacturer plus the profit they make on the 6.4% interest they're charging you PLUS the profit on the vehicle when they sell it as "certified pre-owned" after you turn it in at the end of your lease.   Also, be careful with Toyota in the SE region. At least here in South Florida, almost all cars on the lot have the over-priced "Toyo Guard Protection" for $700 to $800- which is nothing more that VIN etching, Scotchguard, car wax, and rust-proofing (which is irrelevant for the short period of your lease). This "Protection" costs the dealership less than $80 and is a source of PURE profit for them. You should negotiate with them as if this "Toyo Guard" doesn't exist when you run your numbers.
#88 of 174 Re: To Lease or to Buy? [Car_man] by pt95148 Dec 07, 2007 (10:06 am)
Replying to: Car_man (Aug 07, 2007 2:12 am) Car_man,   "I personally would be very hesitant to purchase this car with the intention of holding on to it for a really long time"   Can you clarify this point? Are you saying that a Prius may have expensive repairs in the future? thks Replies to this message: pt95148 (Dec 12, 2007 11:15 am) etroup (Dec 26, 2007 12:29 pm)
#89 of 174 Basic info on leasing a Prius by dealbraker Dec 09, 2007 (11:34 pm)
Hello,   I am looking to lease a Prius with package #6. I am in Bay Area. I am looking for basic information such as residual value, money factory, and PRICE. Any information or recomendations would be greatly appreciated.   Thanks in advance.
#90 of 174 Re: To Lease or to Buy? [pt95148] by pt95148 Dec 12, 2007 (11:15 am)
Replying to: pt95148 (Dec 07, 2007 10:06 am) hmm ... no answer?   Let me ask the question another way. What is it that makes a Prius not worthwhile holding for a really long time?
#91 of 174 2008 Prius Lease - Fair? by 08prius Dec 13, 2007 (6:34 pm)
Hi, I'm looking to lease a 2008 Prius Pkg 2 in SoCal. They offered $356 (+tax)/month for 36 months. 12K a year mileage and $640 drive-off. Is this fair? If not, how do I negotiate a better deal? I asked about a monthly payment of $336 (+tax) and sales person said -"not possible" I'm going in tomorrow as I've only dealt with this sales person via email/phone. I haven't told the salesperson i have a car I want to trade-in (worth about $500 trade-in). Do I try to use this as part of the drive-off or is there anyway I can use this to lower monthly payment. I'm not sure if this is a good deal or it just sounds good to me given I went to Miller Toyota in Culver City and they wanted $2000 down and $369/month for a 59 month lease (they were CRAZY)! Thanks! Replies to this message: swhitti (Dec 14, 2007 4:40 pm)
#92 of 174 Re: 2008 Prius Lease - Fair? [08prius] by swhitti Dec 14, 2007 (4:40 pm)
Replying to: 08prius (Dec 13, 2007 6:34 pm) Hi 08Prius,   I recently purchased a 2008 Prius Pkg 2 from RSM Toyota and am basically paying what you outlined, I don't remember the exact price of the car. It was the best deal that I could find at the time. They aren't any good lease deals out there for this car right now.
#93 of 174 Re: To Lease or to Buy? [pt95148] by etroup Dec 26, 2007 (12:29 pm)
Replying to: pt95148 (Dec 07, 2007 10:06 am) The hybrids may have a low residual because the batteries need replacing somewhere around 100k miles. This is one reason it is extremely difficult to justify a hybrid on pure economics. The lease numbers you see are a reflection of the accelerated depreciation that takes into account the much shorter expected lifespan of a hybrid before a major overhaul versus a conventional gas powered vehicle. If compared to a true diesel that should go 250k miles before a major overhaul, the numbers will look even worse.   This disparity is not so apparent in purchase scenario since the residual value is the purchaser's problem and not part of the financing calculation. But the finance companies are well aware of this issue and cannot hide the low residual value in a lease quote.

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