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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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Replying to: pt95148 (Dec 07, 2007 10:06 am) 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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Who knows what the "buy rate" is for lease money offered to Toyota dealers for a Package 6 Prius? I have been offered .00265 Does a residual of $15,332.00 make sense for 36 months/45,000 miles? Based on MSRP plus destination, that is 54% Someone here must have access to this information. |
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08 Prius Touring Package #6 in SoCal Negotiated $27,122 before calling this a lease 36 mon / 45,000mi / $1980 down (cap cost reduction) Residual: $15,332 MF: I think was 0.00205 GAP: $600 Monthly: $454 incl tax I think the residual is set by the mfg and will only vary on the length of the lease and expected mileage. $15,332 was quoted by a few dealers I went to. Could I have gotten a better deal? The Touring package in my color was tough to find so I was a little hasty. But I'm pretty sure I could have leased a BMW 3-series for the same price. Oh well.. the price for being green. |
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I'm considering an '08 Prius Package 5 or 6. Does anyone know the current money factor that Toyota is offering (Tier 1 credit) and the residual? Not sure that it makes a difference, but I'm in SoCal. Thanks for the help.
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Replying to: tmk5 (Jan 10, 2008 2:33 pm) has anyone heard anything else? |
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I am presently looking for a Prius Touring with Package #6 in central CT. Would you know what the present money factor and residual are for 2 and 3 yr. leases? I would like less $1000 cap cost reduction and no extra miles. Thank you. |
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Car_Guy & Kyfdx - please do your magic. You did me well on the last lease: 2008 Prius with Package #6 & Car Mats $27,884 sticker (after $2k pkg 6 credit from Toyota) No tax in CT on Prius's $1k down, 24 month lease, $16,458 residual, 12k year $625 month It seemed high to me - I asked finance mgr. for money factor and he came up with some story about not using them anymore. I told the salesman that it is costing me $15k in payments he turned white but didn't say a word. Thanks for the help.
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Replying to: stormy111 (Mar 21, 2008 3:40 pm) Even at full MSRP the monthly payments only come to $540 on a 24 mo lease with 1K down. The base money factor, I believe, is .00245. $625 seems really high!
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Hi Car_Man or anyone who could help, I'm looking for some Prius lease info for Northern California. Specifically on Package 4. What is the MF for top tier credit? The MSRP is $25,914, and I've been offered invoice of $24,213. Toyota's website says there's a special offer (zip code 95125), but provides no further information. Any help is greatly appreciated. Thanks in advance!
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Replying to: tphssenior (Mar 22, 2008 7:01 am) Prius (Seaside Pearl Blue) with Package #6 (leather) & floor mat package $26600 negotiated price ($1280 under sticker) $1558 down, registration, doc fee & tax $507 / month for 24 months, .00265 money factor $16458 residual (I was amazed that the two and three year residual were only about $1000 difference) No sales tax on Prius's in CT. Thanks again, Stormy |
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