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Toyota 4Runner: Lease Questions

293 messages,  Last post on Mar 20, 2009 at 1:54 AM

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

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#264 of 293 Good time to lease a 4runner? by lilelvis Jul 06, 2008 (5:06 pm)
I have been looking at late model 4runners, or even 2008s if the prices keep dropping. I generally don't lease since I figure I'm better off buying the car outright since I plan to hold onto the car for a long time.   That being said, is it a good time to enter into a 36 month lease and just negotiate the purchase price in three years since, in all likelihood, the resale will be far lower than what they are currently estimating? Or have the car companies already started dropping their expected values?   I'm a rookie when it comes to leasing - sorry if I am butchering terms. Money factor? Residuals? All pops and crackles to me Replies to this message: Car_man (Jul 14, 2008 1:14 am)
#265 of 293 Re: Good time to lease a 4runner? [lilelvis] by Car_man HOST Jul 14, 2008 (1:14 am)
Replying to: lilelvis (Jul 06, 2008 5:06 pm) Hi lilelvis. July marks the beginning of a new quarter, which is generally the time that banks make adjustments to vehicles' residual values. So most trucks' residuals dropped by a couple of points this month. Having said this, in my opinion most trucks residuals are still unrealistically high at this point. I thank my lucky stars every day that I am currently leasing my SUV. The bank that I am leasing it through is going to take an absolute bath on it.   By the way, since you are new to the world of leasing you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#266 of 293 2008 Toyota 4Runner Lease by matrsoskin Jul 14, 2008 (1:49 pm)
Hi folks,   I thought I could share with you my outstanding lease experience with the Westboro Toyota (Boston area): 2008 4Runner V6 4WD Sport Edition, 36 months/12K miles per year, for $424/month with $424 due at signing. I flew in, drove back ~800 miles and still saved ~$1500 compared to the best offer I had received from the local dealers within the 300 miles radius. The typically equipped SR5s can be leased for $399.75 with nothing down!   Cheers
#267 of 293 Cap Cost? by paul9903 Jul 27, 2008 (5:33 pm)
First time leaser and don't know what I should be looking at for a cap cost.   Right now looking at a 36 month lease on a '08 4Runner Limited V6 RWD. The dealer is quoting a cap cost of invoice, advertising fee, $10 gasoline charge, $434 for Sirius sat. radio, and $500 dealer "profit".   Is that something I should negotiate down on considering the economy and car buying climate?   Much thanks in advance for any/all help on this. Replies to this message: Car_man (Aug 13, 2008 2:52 am) wrj1 (Aug 13, 2008 1:39 pm)
#268 of 293 Re: Cap Cost? [paul9903] by Car_man HOST Aug 13, 2008 (2:52 am)
Replying to: paul9903 (Jul 27, 2008 5:33 pm) Hi paul9903. $500 over dealer invoice is a reasonable selling price for a 4Runner right now. I wouldn't have a problem paying that much to lease one. For additional feedback on how much you should pay for this truck, hop on over to the "Toyota 4Runner Prices Paid and Buying Experience" discussion.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#269 of 293 Residual Value by jcook Aug 13, 2008 (8:37 am)
I am looking at the following:   MSRP 36,096 Urban Runner Package Sport Extra Value Package   Sale Price = 29,128   I want to lease and have to give back the $3,000 rebate to get the MF of .0005, but what is the residual value on there leasing for this model. Based on there website, a base model has a 59.8% residual value. Is this what I should use to calculate estimated payments? Please advise! Thanks,
#270 of 293 Re: Cap Cost? [paul9903] by wrj1 Aug 13, 2008 (1:39 pm)
Replying to: paul9903 (Jul 27, 2008 5:33 pm) Also depends on where you are leasing. Because Priuses are selling like hotcakes and at MSRP in our area (NoCal), I was able to negotiate $1000 BELOW invoice on an '08 Urban Runner. The car had been on the lot for 2 months so I knew that they had already eaten through some of their potential profit from Toyota. Needless to say, they were willing to take a loss (a) because they could afford to do so due to the situation with the Priuses and (b) because they wanted/needed to move the car. Good luck.
#271 of 293 How difficult is it to... by paul9903 Aug 23, 2008 (7:59 pm)
Find a 4Runner Limited V6 2WD? Is it the state of the market or the fact that the '09's are coming in soon. I just am able to move forward on my lease and now nobody in the Southern California are can find the 4Runner I need with the navigation package included. Not in dire need (I have a work car as well), so do I just sit tight until the 2009 models roll off?   Also, how should I treat the lease of the 2009, will the cap cost/residual be similar to the 2008 quotes I have received?
#272 of 293 Re: 4 Runner Money Factor and Residual Values [Car_man] by bullynj Aug 27, 2008 (6:46 am)
Replying to: Car_man (May 27, 2008 1:20 am) Hi, Im new here and live in NJ - I am looking at leasing a 2008 Toyota 4Runner SR5 cost here is 2700 down and 299 a month for 39 months. I have never leased before. Is leasing a good thing to do?? Replies to this message: Car_man (Sep 16, 2008 1:44 am) asm0721 (Oct 24, 2008 5:18 pm) Car_man (Nov 02, 2008 5:26 pm)
#273 of 293 Re: 4 Runner Money Factor and Residual Values [bullynj] by Car_man HOST Sep 16, 2008 (1:44 am)
Replying to: bullynj (Aug 27, 2008 6:46 am) Welcome bullynj. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   As far as the specific lease that you are interested in goes, I see that you are considering making a $2,700 down payment. This is not a good idea. I always advise consumers not to make large down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled. Even though it means that your monthly payment will be a little higher, you will be better off going with a zero down lease.   The best way to get a good deal on the 4Runner that you want is to negotiate as low a selling price as possible on it and then have the dealer that you are working with calculate your monthly payment using Toyota Financial Services' buy rate lease money factor. TFS' current buy rate for a 36 month lease of this truck in your state is an amazingly low .00001 for consumers who qualify for its Tier 1+ credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: asm0721 (Oct 24, 2008 5:18 pm) Car_man (Nov 02, 2008 5:26 pm)

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