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SUVs Toyota RAV4 Toyota RAV4: Lease Questions
292 messages, Last post on Dec 08, 2009 at 4:49 AM
You are in the Toyota RAV4 Forum. Your Hosts are steve_ & tidester
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Hi The local dealerships here in CT are offering this deal on 2009 RAV-4s. I've never leased a vehicle before so I am pretty clueless about things...is this a good deal? Let me know if you need more info to answer. Thanks!! $2299 down $ 199 a month I think there is also a $650 bank fee or something like that. My credit score is 750+ so I think I will qualify for it. I guess my main question is the down payment negotiable? Or is this a 'special deal' that they won't go down on? Thanks much! edit: Here's the actual coupon details if this helps: Manufacturer's Suggested Retail Price: “Manufacturer's Suggested Retail Price excludes the Delivery, Processing and Handling Fee of $750 for Cars and $800 for Trucks, Vans and SUVs. (Historically, vehicle manufacturers and distributors have charged a separate fee for processing, handling and delivering vehicles to dealerships. Toyota's charge for these services is called the "Delivery, Processing and Handling Fee" and is based on the value of the processing, handling and delivery services Toyota provides as well as Toyota's overall pricing structure. Toyota may make a profit on the Delivery, Processing and Handling Fee.) Excludes taxes, license, title and available or regionally required equipment. The Delivery, Processing and Handling Fee in AL, AR, FL, GA, LA, MS, NC, OK, SC and TX will be higher. Actual dealer price will vary. EPA Estimated Mileage: The EPA has revised the way the estimated fuel economy rating is determined. Actual mileage will vary. Disclaimer: See your participating local Toyota dealer for details. Other restrictions may apply. This special offer is applicable for these models: 2009 models include 4430, 4431, 4432, 4433, 4440, 4441, 4442, 4443, 4450, 4451, 4452, 4453. Offer ends 5/04/09, cannot be combined, is subject to availability and may vary by region. Valid in NY, NJ and CT only. See participating dealer for details. Lease a new 2009 RAV4 for $199 a month for 36 months with $2,299 due at signing, which includes $2,100 down payment which totals $2,100 down, and $199 first month's payment and $0 security deposit. Example based on model #4432. Base MSRP excluding freight is $22,900. Monthly payments of $199 total $7,164. Capitalized cost of $22,775 based on down payment and dealer participation which may vary by dealer. Lease-end purchase option is $14,527. Lease does not include taxes, license, title fees, insurance and dealer charges. Closed-end lease. Payment may vary depending upon final transaction price. Customer responsible for maintenance, excess wear and tear and $0.15 per mile over 12,000 miles per year. To qualified Tier I+ customers through Toyota Financial Services.
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Replying to: cg27288 (Apr 14, 2009 9:43 am) In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible and then have the dealer calculate your car's monthly payment using its buy rate lease money factor. I would be happy to give you my opinion of the deal that you were quoted, but it would help if you were able to provide us with this vehicle's MSRP and selling price first. One thing about the quote that I notice right off the bat is the large down payment that you are being asked to make. I always advise consumers not to make any sort of capitalized cost reduction when leasing. Those who make one risk losing part or all of it if their vehicle is totaled in an accident. Even though it means that your monthly payment will be higher, you are much safer going with a zero down lease. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Apr 14, 2009 2:57 am)
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Replying to: Car_man (Apr 15, 2009 1:47 am) The MSRP of the ones I'm looking at range from 22,900 to 24,475. I'm not sure if the offer is for just the 22,900 model or any of them. I haven't really done any negotiating yet so I'm not sure of the selling price. Does this help at all or I am I asking too much while providing too little info? :/ Thanks for the tip about the down payment. |
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Replying to: Car_man (Apr 14, 2009 2:53 am) That would be great regarding looking into what might be available in the Southeast region. One note is that we are in NY now but will move to FL in the next month or two. The thought was to get the car down there so as to not waste miles on the lease. If the deals are better in the Northeast (NY or NJ), that would be helpful to know. Thanks again. |
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hi car-man, I have a few questions again and hope you can help me. I just got figures for model # 4432A from the dealer. On the website it stated the MSRP as 23,331. I assumed the dealers cost had to be around 21,000. He said the website had made a mistake and sent me the invoice. The dealer cost is 20,381 with 108 for 17" wheels, 752 for 3rd row seating, 202 for bluetooth, 125 for preferred accessory package. total acc. 1187. Then 742 destination charge, TDA of 324, dealer holdback ( i have no idea what that is) 458 and a wholesale financial reserve of 229. Total dealer cost is 23,331.32. Total MSRP is 25,191. $338 a month with $771 due a signing? I didn't think that was great. It didn't include two payment left on my highlander or gap insurance. I live in MA and have encore status from TFS. Can't thank you enough for all the information/advice you give. |
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i want to lease a 2009 toyota rav 4 limited 4x4 v6 3.5. color is Blizzard pearl. and option is 1. Extra value package #2, 2. Rear backup camera, 3. Special color, 4. Tow prep package. this car is the full option... so dealership gave me the price $402/month, 12k, 36months(3 years). and oop(out of pocket money)is $1800. this price included (bank fee, DMV fee and first month lease fee). and i live NEW YORK CITY i dont know this deal is either good or not. please give me an advice to reply or e-mail.... this is my e-mail address alska199hotmail.com |
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Replying to: pshooper (Apr 15, 2009 3:03 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Hi Car Man, Can you share your opinion with me on this offer, please. $408 per month with $632 up front. 09 Rav4 LTD, 4cyl, white, 4WD, leather, moon, blutooth MSRP: $28,879. Base of $25,880, Dest. of $745, Acces of $2,254. Lansing MI
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Replying to: dwbsales (May 06, 2009 7:28 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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