Last post on Jan 25, 2010 at 7:33 PM
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Toyota FJ Cruiser, Car Leasing, Car Buying, SUV
#18 of 63 Re: FJ Colorado [vdubdude]
Feb 18, 2007 (7:54 am)
Welcome back vdubdude. Unfortunately, Toyota is not currently providing any lease support on the FJ Cruiser. 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' standard buy rate lease money factor varies by region, but it should be around .00285 or so for consumers who qualify for its Tier 1+ credit tier right now. Its residual values vary by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. TFS' current 36 month, 15,000 mile per year residual value for the 2007 FJ Cruiser AWD is 65%. The problem is that TFS only publishes residual values for base vehicles. Unlike most banks, it places restrictions upon which options can be residualized and caps on the ones that it allows. As a result, it is often difficult to figure out exactly what the residual value should be for a specific vehicle.
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#19 of 63 Re: FJ Colorado [Car_man]
Feb 20, 2007 (7:51 am)
Thanks for getting back to me. I pulled the trigger on Saturday before.
I got my FJ in Greeley, CO. I qualified for Tier1, they gave me .00295 money factor and only 46% residual for an FJ with: AT, upgrade 2, convenience and accessorie package (ie tow hitch). I was greatly disappointed in the residual, but they showed me a spreadsheet that they said Toyota published and that was the rate. That was for a 48 month lease/12K miles.
The good news, I'm driving a vehicle that puts a smile on my face!
#20 of 63 Re: FJ Colorado [vdubdude]
Mar 11, 2007 (3:56 pm)
It looks like Edmunds.com also uses about a 46% residual- am I right in assuming the residual may change based on location? I am looking at a manual with only the convenience package and the 17 in wheels- I'd hope to have a higher residual over a 36 mo/12k lease.
#22 of 63 What about all the insurance offers and more?
Mar 21, 2007 (5:36 am)
I am new to this forum and have never bought a new car before and I'm as nervous as a cat with it's tail under a rocker. I have signed all the paperwork at Joe Meyers in Houston, but have not taken delivery - will do that on Saturday - and so there is still room to manoeuvre a little bit. So, a few questions if you don't mind.
1. The type of lease I am getting is a "Closed End Motor Vehicle Lease Agreement - Texas". Is this a good lease?
2. Do I need or would you recommend Optional Mechanical Breakdown Protection or Optional Maintenance Agreement?
3. The FJ is being brought down from Dallas (to Houston) and the total purchase price of the vehicle is $28936 for a 4 x 4 manual FJ with alloy wheels, convenience package, Steel exhaust tip, window tint, Option B package, Extra Mile option package B and Vehicle Shield Package. Due at delivery is $4500 which includes tax, title and license and 47 payments of 476.61 with the total of monthly payments 22877.28.
Am I being taken for a ride or is this a fair deal? Also, what about all the insurance options? So far I have only take Gap insurance which is not mandatory in Texas.
Thanks for your help.
#23 of 63 Re: FJ Colorado [vdubdude]
Mar 22, 2007 (2:31 am)
Congratulations on your new ride, vdubdude. The ride to work is so much more pleasant when you're driving something that you like, isn't it? Enjoy.
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#24 of 63 Re: What about all the insurance offers and more? [boldstorm]
Mar 22, 2007 (2:36 am)
Welcome boldstorm. Most leases today are closed-end leases, meaning that your vehicle's residual value is set at signing rather than being open ended. If I was in your situation, I personally would pass on the extended warranty and pre-paid maintenance. You really don't need them on a leased vehicle.
I would be happy to give you my opinion of this deal, but first it would be a big help if you would provide me with your truck's MSRP. This will show me how much of a discount you are being given on it.
One thing that I can tell you now is that you are paying too much at lease signing. I always advise consumers against making any sort of capitalized cost reduction, aka down payment, on leased vehicles. Those who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered.
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#25 of 63 Re: What about all the insurance offers and more? [Car_man]
Mar 22, 2007 (6:10 am)
Thank you for your response and wisdom about the optional insurances.
Yesterdays concern and uneasy gut feeling turned out to be correct. I called the dealership and asked them what the money rate for the lease was. They gave me a cash value and I told them, i wanted the percent. After some humming, she told me it was 0.0035. Thanks to info I found on Edmunds.com I multiplied it by 24 and was HORRIFIED to see that the supposedly incredible rate I was getting due to my excellent credit was 9%! I called the Assist. Sales Mgr and told him I had no plans to continue through with the lease and would not take delivery of the car because I could not trust them. He asked me to come in on to talk about it. I will do that, but this time will be smarter.
You asked me about the MSRP. I priced the package etc. on toyota.com and got the price of $30,233.00.
Anyway, your thoughts are greatly appreciated.
#26 of 63 TOYOTA FJ CRUISER BASE 4WD AUTO LEASE RATES
Apr 08, 2007 (11:17 am)
Can you tell me the April lease rates for the TOYOTA FJ CRUISER BASE 4WD AUTO? For 36mo with 12k miles? This would be for the Virginia/Maryland region.
#27 of 63 Re: What about all the insurance offers and more? [boldstorm]
Apr 25, 2007 (2:32 am)
You're very welcome, John. You were smart to find out what money factor the dealership that you were working with was trying to charge you before finalizing your deal. A factor of .00350 is terrible.
Let's take a look at the selling price that you were quoted. You are being given a price of $28,936 on a 2007 Toyota FJ Cruiser 4WD that has an MSRP of $30,233. A base version of this truck has a spread of around $2,100 between its full MSRP and its dealer invoice price. The $1,300 discount that you are being quoted on this truck isn't bad, but you may want to stop by the following discussion to compare it to the prices that other community members have paid for similar trucks lately: "Toyota FJ Cruiser: Prices Paid & Buying Experience".
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