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Toyota Prius: Lease Questions

175 messages,  Last post on Dec 03, 2009 at 1:54 AM

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What is this discussion about? Toyota Prius, Hybrid Cars, Car Leasing, Sedan


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#135 of 175
Re: Prius Money Factor for January 09 [Car_man] by cmyawn
Jan 26, 2009 (11:55 am)
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Replying to: Car_man (Jan 26, 2009 2:44 am)

Well just got this from one of my local dealers:
 
We must go by SOUTHEAST TOYOTA and not Toyota Financial Services. It must not be in this region. We have called TOYOTA JUST TO MAKE SURE ON MY END. SORRY
 
Anyone else in the southeast seeing this same thing?
#136 of 175
Newbie Lease question: Prius by GaryMF
Jan 30, 2009 (12:29 pm)
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I am new to this site..have been reading the Top 10 lists etc.
 
I live in New York and don't own a car but am moving to the Bay Area and need to buy one.
 
I love the Prius (I rent them often via Zipcar) and want to get one once I'm there. I was planning on leasing since I'd rather not make a 5 year commitment right now.
 
In the NY Metro area they are advertising a lease special of $219 for a 5 year leas but like $2600 down. It expires in Feb 2.
 
The article on here suggets that paying a lot up front is stupid. I also wasn't planning on getting the car till I move (although my company will pay for me to move a car if need to).
 
When I go on Toyota.com it seems like to lease a base Prius in SF is like $460.
 
Any advice on how to approach this?
 
I have only owned 1 car ever 20 years ago.
 
I want a Prius but doesn't have to be the top of hte line but I would like GPS in it.
#137 of 175
My lease deal... by LAPRguy
Feb 01, 2009 (10:09 am)
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I've got so much info reading this forum for years, so thought I would return the favor on my deal yesterday:
 
Prius, Magnetic Grey, Package 6:
Drive off: 717.89
Monthly payment: 406.19 including tax ($374 I think without tax)
Terms: 36 months
Mileage: 15K per year
Cap cost: 26966.99
Residual: $15784.
Money factor: .00151
 
Negotiated this all online, with a local dealership that was willing to deal via email (sent out several emails, only 2 got back to me). Very easy purchase. Hamer Toyota in Mission Hills was aggressive in price right off the bat, and it certainly helped that they recently reduced the money factor and MSRP. Curious what the new deal will be in a few days, but felt I got a good deal on a car that made little sense to lease until now (IMHO).
 
Best of luck to you all! And thanks to all who contribute their experiences...it really educated me and made me a better buyer.
#138 of 175
Re: My lease deal... [LAPRguy] by rvcacar
Feb 04, 2009 (8:34 pm)
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Replying to: LAPRguy (Feb 01, 2009 10:09 am)

Just out of curiosity, is your Prius the Touring model? thanks
#139 of 175
Can the rebate be applied to the lease special? by Xcarsalesman
Feb 06, 2009 (9:38 am)
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Replying to: rvcacar (Feb 04, 2009 8:34 pm)

Hi, has anyone had the rebate (500 for SoCal) applied towards the lease with the .00151 lease rate, or is it one or the other? Thanks, J
#140 of 175
Prius Lease in Central NJ by blackjack3
Feb 06, 2009 (6:32 pm)
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I am considering leasing a Prius. Can anyone recommend a good Toyota dealer in the vicinity of Summit, NJ (07901)?
#141 of 175
Re: My lease deal... [rvcacar] by LAPRguy
Feb 10, 2009 (6:54 pm)
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Replying to: rvcacar (Feb 04, 2009 8:34 pm)

No, it was not. They actually offered me a touring model and it only modestly effected the price (maybe $10 a more a month...$15 more down). I really wasn't interested in the touring model or the color they had available in that configuration.
#142 of 175
Re: My lease deal... [LAPRguy] by gundamz
Feb 11, 2009 (12:53 pm)
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Replying to: LAPRguy (Feb 01, 2009 10:09 am)

LAPRguy,
 
I just came back from a dealership here in NC. They quoted me 379 + tax per month for a package 2 and 12k per yr. How are you getting a package 6 with the same payment I got. And also, the finance manager swore he never heard of 0.00151 MF. Should I keep looking for a better deal?
 
Thanks,
Sam
#143 of 175
Re: Prius Money Factor for January 09 [cmyawn] by Car_man HOST
Feb 13, 2009 (3:02 am)
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Replying to: cmyawn (Jan 26, 2009 5:25 am)

Hi cmyawn. Toyota Financial Services' residual values are the same for all Prius trim levels. Its 36 month, 15,000 mile per year residual for a 36 month lease of an '09 Prius is currently 61%. The residual for an otherwise identical lease of an '08 model is 58%.
 
Keep in mind though that TFS calculates residual values differently than all other banks do. It places strict restrictions upon what options can be residualized. As a result, it is very difficult for consumers to calculate dollar residual values for Toyota vehicles on their own. Dealers are actually given a list of the dollar residuals for every unit that they have in stock rather than having to calculate them using the percentages like most other brand dealers do.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#144 of 175
Re: Prius Money Factor for January 09 [gerry10] by Car_man HOST
Feb 13, 2009 (3:04 am)
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Replying to: gerry10 (Jan 26, 2009 8:30 am)

Hi gerry10. Unfortunately, since you have physically taken delivery of your new Prius I doubt that you will be able to get Toyota to renegotiate your deal using the enhanced lease program. Sorry that I don't have better news for you.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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