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Toyota 4Runner: Lease Questions

295 messages,  Last post on Dec 08, 2009 at 3:10 PM

You are in the Toyota 4Runner Forum. Your Hosts are steve_ & tidester

What is this discussion about? Toyota 4Runner, Car Leasing, SUV

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#234 of 295 Re: 4Runner Lease Rates in FL [samquacious] by Car_man HOST Apr 25, 2007 (2:12 am)
Replying to: samquacious (Apr 08, 2007 9:16 am) Hi samquacious. The distributorship that Toyota has to sell vehicles through in the Southeast often makes getting vehicles there more expensive than it would be in another area. I would be happy to give you my opinion on the selling price that you were quoted for this truck, but in order for me to do so it would be helpful if you told me what its full MSRP is first.   Car_man Host Prices Paid Forum
#235 of 295 Re: Car Man- some assistance [krochelli] by Car_man HOST Apr 25, 2007 (2:16 am)
Replying to: krochelli (Apr 18, 2007 11:54 am) You're right, Keith. The way that Toyota Financial Services calculates vehicles' residual values makes leasing through it much more confusing than leasing through most other banks. TFS did publish new residual values for the month of April. Its current residual value for a 36 month month lease of a 2007 4Runner SR5 4WD with 15,000 miles per year is 56%. Again this is for a base truck. TFS places limits upon which options can be residualized.   Car_man Host Prices Paid Forum Replies to this message: krochelli (Apr 25, 2007 6:53 am) Car_man (May 21, 2007 2:48 am)
#236 of 295 Re: Car Man- some assistance [Car_man] by krochelli Apr 25, 2007 (6:53 am)
Replying to: Car_man (Apr 25, 2007 2:16 am) Thanks Car Man. I ended up getting the 2WD version of the truck last night as the 4WD version was significantly more expensive due to the option residual issues.   Here's the final deal:   MSRP: 32.2k Selling price: 28.1k Residual: 17.8k Money Factor: .00181 Acquisition fee: 550   With 8.25% tax, total is $416 a month which i thought was a pretty good deal all-in-all. The 4WD version which stickered for 34+ would have been $480 a month, which is quite a difference (effectively, i would have been paying full value of the difference in MSRP in the lease at $700 a year)   Cheers and thanks again!   Keith Replies to this message: Car_man (May 21, 2007 2:48 am)
#237 of 295 Re: CarMan, analyze this 2007 4Runner Limited Lease => [Car_man] by questionman May 05, 2007 (1:15 pm)
Replying to: Car_man (Apr 25, 2007 2:09 am) How good, or bad, does this offer sound for a lease of a 2007 4Runner Limited? Location is Omaha, NE.   w/6500 due at start 3yrs 36,000 miles $395-400 plus tax per month including tax $425 per month. Residual 22,479 Money factor .00191 MSRP $41,853   Thanks. Replies to this message: Car_man (May 21, 2007 3:09 am)
#238 of 295 Re: Car Man- some assistance [krochelli] by Car_man HOST May 21, 2007 (2:48 am)
Replying to: krochelli (Apr 25, 2007 6:53 am) No problem, Keith. Thanks for taking the time to report back on the deal you got. Enjoy your new truck !   Car_man Host Prices Paid Forum
#239 of 295 Re: CarMan, analyze this 2007 4Runner Limited Lease => [questionman] by Car_man HOST May 21, 2007 (3:09 am)
Replying to: questionman (May 05, 2007 1:15 pm) Hello questionman. Let me begin by saying that $6,500 is way too much money to pay at lease signing. One of the major advantages of leasing is that one can get the vehicle that they are interested in without having to pay a lot of money at signing. Consumers who pay a lot of money at lease signing are taking an unnecessary risk that they will lose all or part of that money if their vehicle is totaled in an accident or stolen and never recovered.   The money factor that you mentioned in your post looks good to me, but you never mentioned what this truck's selling price is. This is a very important number to know when leasing because it shows you how much of a discount you are being given. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I would be happy to give you my opinion of this deal if you tell me what the selling price is.   Car_man Host Prices Paid Forum
#240 of 295 Downpaymnet by nedababe May 27, 2007 (3:52 pm)
Hi carman,   I'm just wondering why it is bad to pay a high downpayment? The reason that I want to put 5000 down on a 4runner is so that I don't have to worry about higher monthly payments. Is this a bad idea? I haven't told a dealer that this is what I want to do but i've been thinking about it.
#241 of 295 Re: Looking to lease a loaded '06 Limited V8 with 3rd row seats [cwakefield] by skydan5 Jun 15, 2007 (1:22 pm)
Replying to: cwakefield (Jan 11, 2006 7:52 am) After doing my homework, I leased a 2005 Toyota 4-Runner for $385/month. I think I paid $500 for a down payment, but I'm not positive.   If you want more info, send me a message. Replies to this message: skydan5 (Jun 17, 2007 2:17 pm)
#242 of 295 Re: Looking to lease a loaded '06 Limited V8 with 3rd row seats [skydan5] by skydan5 Jun 17, 2007 (2:17 pm)
Replying to: skydan5 (Jun 15, 2007 1:22 pm) In addition to the previous post I wrote, I can be contacted at dmorgan3370yahoo.com for info about my 4-Runner lease and who I did business with.
#243 of 295 Looking to lease a very basic SR5 4Runner by shant14 Aug 29, 2007 (11:25 pm)
Car_man (or anyone else that can help), I am in the Southern California area and I am looking into leasing a basic model SR5 V6 4x2 4Runner. What would the monthly payments look like for a 36-month 12k/year or 48-month 12k/year lease? Also, how would the 'incentive/rebate' i see on the Edmunds pricing report get calculated into this?   Here is the information you will probably need: MSRP (according to Edmunds): 28,320 Invoice (according to Edmunds): 25,362 TMV (according to Edmunds): 25,629 Incentives/Rebate*: -2,500 Customer Cash Adjusted True Market Value: $23,129 Credit: Tier 1 Downpayment: 2,500 Mileage: 12k per year   Assuming that I am able to negotiate a selling price that is identical to the Edmunds TMV, what should my monthly payments look like for a 36-month and a 48-month?   Also, as far as lease programs or incentives go, is this a good time to buy a 4Runner? I am willing to wait at least 1 month. Would you know of any benefits in waiting until late September?   Thank you in advance.

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