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Toyota Avalon Lease Questions

58 messages,  Last post on May 25, 2013 at 9:00 PM

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What is this discussion about? Toyota Avalon, Car Leasing, Sedan

Messages Page 5 of 6

#38 of 58 Lease inspection and tire wear by iamknott

Apr 24, 2010 (7:12 pm)

The three-year lease on my 2007 Avalon is ending and I am in the process of negotiating a lease on a 2011. According to the dealer's quote, the monthly payments on a four-year lease would be about $40 lower than those on a three-year lease. That sounded attractive, but I wondered whether (four years from now) the leasing company would make any allowance on the end-of-lease inspection for the additional tire wear. The last thing I want to do is buy four new tires for a car I am turning in.
 
The Toyota salesman and the leasing company's customer service rep both said less remaining tread would be required, but the guy from the inspection service (contractor to the leasing company) said that wasn't true. According to him, the leasing company demands a minimum of 3/32" of tread regardless of mileage or length of lease.
 
Anyone have any experience with this?

#39 of 58 Re: Lease inspection and tire wear [iamknott] by kyfdx HOST

Apr 25, 2010 (5:05 am)

Replying to: iamknott (Apr 24, 2010 7:12 pm)
The contractor is correct.. The tires will have to meet the minimum standard, regardless of the length of your lease..

#40 of 58 Re: Lease inspection and tire wear [kyfdx] by iamknott

Apr 25, 2010 (5:58 pm)

Replying to: kyfdx (Apr 25, 2010 5:05 am)
Thanks for your response.
 
I guess my next question is why the Michelins are that worn after only 26,000 miles, but that's a subject for another forum.

#41 of 58 Car Man help Avalon limited by docmri

Jul 31, 2010 (12:22 pm)

Car Man,
While pricing out the ACura, Infiniti, Honda etc (with your help) for my wife the Toyota Avalon has showed up on my radar. Has all the features I wants as standard in its Avalon Limited.
 
can you tell me the MF's and RV's of the Avalon Limited (2011) for 36/12 36/10 (if available)
Thanks
 
Dan (the car man fan)

#42 of 58 Re: Car Man help Avalon limited [docmri] by Car_man HOST

Aug 16, 2010 (2:36 am)

Replying to: docmri (Jul 31, 2010 12:22 pm)
Thanks Dan .
 
I don't believe that Toyota is currently providing any lease support on the 2011 Avalon. As a result, if you were to lease one through Toyota Financial Services right now, you would have to use its standard lease program. TFS' current buy rate standard lease money factor is .00235 for consumers who qualify for its top aka "Tier I+" credit tier.
 
TFS' current residual value for a 36 month, 12,000 mile per year lease of a base 2011 Avalon is 59%. The problem with this residual is that TFS places restrictions upon what options can be residualized. This makes its real-world residual values lower than its published percentages initially appear. It also makes it difficult for individual consumers to calculate accurate lease payments on specific vehicles on their own.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#43 of 58 Current Lease rates by millemiglia

May 26, 2011 (7:25 am)

Car_Man,
 
Would you be so kind as to post the current residual and money factor for an '11 Avalon Limited, 36-month 15,000.
 
Thank you,

#44 of 58 Re: Current Lease rates [millemiglia] by Car_man HOST

Jun 16, 2011 (4:54 pm)

Replying to: millemiglia (May 26, 2011 7:25 am)
Hello millemiglia. Toyota's lease program varies by region. In most regions its June buy rate lease money factor and residual value for a 36 month lease of a 2011 Avalon Limited with 15,000 miles per year are .00100 and 56%, respectively for consumers who qualify for its top aka Tier 1+ credit tier.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#45 of 58 2013 Avalon by romil01

Dec 03, 2012 (2:34 am)

Looks like the 2013 Avalon is starting to show up at dealers now. Anyone have lease info yet?

#46 of 58 2013 Avalon by romil01

Jan 05, 2013 (8:10 am)

Car_Man,
 
Looking for numbers on the new 2013 Avalon Limited (non-hybrid) for 15K/year, 36 months.

#47 of 58 Re: 2013 Avalon [romil01] by Car_man HOST

Jan 06, 2013 (4:14 pm)

Replying to: romil01 (Jan 05, 2013 8:10 am)
Hi romil01. Toyota is not providing lease support on the 2013 Avalon yet. As a result, if you were to lease one through Toyota Financial Services, you would have to use its standard lease program. The last time I checked, Toyota Financial Services' buy rate standard lease money factor was .00180 for Tier 1+ customers.
 
TFS' 36 month / 15k residual value for the '13 Avalon Limited is 60%, though that's for a base vehicle without options.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 5 of 6

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