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Toyota 4Runner: Lease Questions

294 messages,  Last post on Dec 07, 2009 at 10:18 PM

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

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#288 of 294 Need current MF and Residuals by stilly Mar 07, 2009 (1:07 pm)
Looking for the most recent Money Factor for a 3 yr lease. 10k 12k 15k per year. Thanks for the help. Replies to this message: Car_man (Mar 19, 2009 3:00 am)
#289 of 294 Invitation by newdavidq Mar 17, 2009 (2:52 pm)
I just received a letter from the local dealer where I leased my 07 V6 4R inviting me to come in and buy or lease a new vehicle and in so doing replace my present lease and get a new vehicle at the same payment or even less. I have 11 mos left on a 36 mo lease and I will probably be over my 36000 miles allowed by 4 or 5K ( 15 cents/mile) I don't see how this would be possible, but I'm curious. I might like to get a V8 4R as I could use the extra power for towing. I can only assume they're targeting any leftover 08s they might have in stock. What are current money factors and residuals from Toyota Finance in the Chicago area? Thanks much. DQ Replies to this message: Car_man (Mar 19, 2009 3:04 am) newdavidq (Mar 19, 2009 1:25 pm) Car_man (Mar 20, 2009 1:54 am)
#290 of 294 Re: Need current MF and Residuals [stilly] by Car_man HOST Mar 19, 2009 (3:00 am)
Replying to: stilly (Mar 07, 2009 1:07 pm) Hi stilly. Toyota is not currently providing any lease support on the 4Runner. As a result, if you were to lease one through Toyota Financial Services right now, you would have to use its standard lease program. TFS' current buy rate standard lease money factor is .00295 for consumers who qualify for its top aka "Tier 1+" credit tier.   TFS' residual value for the '09 4Runner SR5 4WD (they vary by trim level, let me know if you're interested in something different) is 45% for a 36 month lease with 15,000 miles per year. The residual value for a lease with only 12,000 miles per year would be 2% higher.   Keep in mind though that unlike most banks, TFS places strict restrictions upon what options can be residualized. This makes it very difficult to calculate the dollar residual values for specific units. So much so that Toyota provides dealers with a list of the actual dollar residual values for the vehicles that they have in stock rather than relying upon them to calculate them on their own.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#291 of 294 Re: Invitation [newdavidq] by Car_man HOST Mar 19, 2009 (3:04 am)
Replying to: newdavidq (Mar 17, 2009 2:52 pm) Hi newdavidq. If you still have eleven months left on your current lease, chances are that you will waste a significant amount of money getting into a new vehicle now rather than waiting until the scheduled end of your deal...regardless of what the letter that the dealer sent you said. They are probably just trying to sucker you into getting something new earlier than you should.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: newdavidq (Mar 19, 2009 1:25 pm) Car_man (Mar 20, 2009 1:54 am)
#292 of 294 Re: Invitation [Car_man] by newdavidq Mar 19, 2009 (1:25 pm)
Replying to: Car_man (Mar 19, 2009 3:04 am) Thanks, Car man. I was pretty sure it was a sucker play but good to get your spin. Money factor and residual not so good either, so no new car for me. Regards, DQ Replies to this message: Car_man (Mar 20, 2009 1:54 am)
#293 of 294 Re: Invitation [newdavidq] by Car_man HOST Mar 20, 2009 (1:54 am)
Replying to: newdavidq (Mar 19, 2009 1:25 pm) You're very welcome, newdavidq.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#294 of 294 December lease rates? by joepo Dec 07, 2009 (10:18 pm)
Hi, Car_man - can you please provide current lease rates/residuals for a '10 2WD 4Runner 2WD SR5, 36 mons,10K miles/yr.   Thanks! Joseph

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