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SUVs Toyota RAV4 Toyota RAV4: Lease Questions
289 messages, Last post on Dec 04, 2009 at 12:14 PM
You are in the Toyota RAV4 Forum. Your Hosts are steve_ & tidester
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Toyota RAV4. Thanks. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Aug 31, 2005 4:25 pm) We are thinking about 24, 30, or 36 months with 10,000 or 12,000 miles. Do you have info on the money factors and residuals? Thanks in advance! |
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Actually -- I'm comparison shopping b/w the RAV4 and the '05 or '06 Chevrolet Equinox, so I'd love to get the numbers for both as I continue to shop. I couldn't fine a Equinox Leasing forum (and I imagine many RAV4 shoppers may be interested in both cars anyway), so I hope you don't mind me asking both questions here. Thanks again! 
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Hi jacknyc. Unfortunately, Toyota is not currently providing much in the way of lease support on the 2005 RAV4. Manufacturers generally tend to shy away from providing lease support on vehicles towards the end of the model year because it just becomes too expensive for them to provide attractive leases on vehicles when their residual values have dropped so low. Toyota's lease program varies depending upon which one of its twelve regions one is in. The only area that I have heard Toyota has lease support on the '05 RAV4 right now is in its Kansas City region. If you let me know what state you are located in, I should be able to give you an idea of what its program for this truck is currently like in your area. As far as the Chevrolet Equinox goes, General Motors is no longer leasing the 2005 model. if you were to lease an '06 Equinox AWD through GMAC right now for 24 months with 12,000 miles per year, its current base lease rate and residual value should be 5.4% and 67%, respectively. The lease rates for otherwise identical 30 and 36 month leases of this truck would be the same, but their 12,000 miles per year residual values should be 61% and 59%, respectively. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Oct 23, 2005 7:16 am) Thank you for your lengthy reply. I am in New York City (hence my screenname) -- so any info on 24,30, and 36 month leases on the RAV4 with 12,000 miles would be great. I assume (since the car isn't out yet) that Toyota hasn't provided any info for the 2006 RAV4. Let me know whenever you have a minute. Best, Jack
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You're very welcome Jack. I should have guessed that you are in New York, by your username jacknyc  . Toyota just introduced its new November lease program yesterday. I know that it is not currently providing any sort of lease support on the 2005 RAV4 in your area. That means that is you were to lease one through Toyota Financial Services, you would have to use its standard lease program. TFS' current buy rate standard lease money factor for consumers who qualify for its Tier 1+ credit tier is currently .00255 for any length lease. This is the most important number to know, other than your vehicle's selling price, when leasing. I have not seen the new residual value for this truck yet, but should have an idea of what it is like in a few days. If you want to know what it is, stop back later on this week and post a reminder for me. I will let you know what I have been able to find out for you. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Nov 02, 2005 4:25 am)
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Replying to: Car_man (Aug 31, 2005 4:25 pm) THANK YOU ! Missy
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Replying to: govblue (Nov 02, 2005 5:43 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: missyk (Nov 03, 2005 8:48 am) Car_man Host Smart Shopper / Prices Paid Forums |
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