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Toyota Tacoma, Car Leasing, Car Buying, Truck
#3 of 50 Re: May MF & Residual [dad23]
May 22, 2007 (2:42 am)
Hello dad23. Toyota's lease program for the Tacoma varies depending upon which one of its twelve regions one is in. I have not seen its specific lease for the Taco in its Denver region. I don't believe that Toyota is currently providing lease support on this truck in your area, but I am not 100% positive. If it is not and you were to lease one through Toyota Financial Services, you would have to use its standard lease money factor. TFS' current buy rate standard lease money factor varies by region as well, but it should currently be around .00285 or so for consumers who qualify for its top credit tier.
This truck's residual values are national so I can give you an idea of what they are like right now. TFS' current 36 month, 12,000 mile per year residual value for the 2007 Tacoma SR5 Double Cab 4WD is 67%. Keep in mind though that TFS only publishes residual values for base vehicles. It places restrictions upon which options can be residualized, making vehicles' actual residuals lower than its published percentages initially seem.
Prices Paid Forum
May 23, 2007 (1:50 pm)
I was hoping for some advice on whether keeping my '03 4-runner and paying 44 more months at $407 per month or getting a 36 month lease for $259 per month for a new Tacoma? I really need to lower my payment because of gas and other debt. Any help?
#5 of 50 July Residual and MF
Jul 02, 2007 (10:25 am)
Looking for the current money factor & residual for a 2007 Tacoma PreRunner/Doublecab (36/12) in TX.
Would these numbers differ between SR5 and Sport Packages?
Additionally, I see the note above about TFS only publishing certain residuals. Is there any "rule of thumb" for how to handle this in calculations?
Also, when calculating vehicle price how do you figure for Toyota's "Extra Mile" packages?
#6 of 50 Re: Toyota Tacoma: Lease Questions [kyfdx]
Sep 09, 2007 (1:04 pm)
Could you please tell me what the money factor and residual would be for 36 mo. lease, 12k per year for a new 2007 or 2008 Toyota Tacoma Double Cab with the off road package? I would also be interested in the interest rate for a 60 month loan.
#7 of 50 Re: Toyota Tacoma: Lease Questions [kyfdx]
Sep 09, 2007 (1:05 pm)
Could you please tell me what the money factor and residual would be for 36 mo. lease, 12k per year for a new 2007 or 2008 Toyota Tacoma Double Cab with the off road package? I would also be interested in the interest rate for a 60 month loan. Thanks for your help.
#8 of 50 Re: Toyota Tacoma: Lease Questions [sswen7]
Sep 20, 2007 (2:06 am)
Hi sswen7. Toyota's incentives on the 2007 Tacoma vary by region. I need to know what state you are in to give you an accurate idea of what this truck's current special lease and financing offers are like.
Prices Paid: Buying & Leasing Experiences Forum
#9 of 50 Re: Toyota Tacoma: Lease Questions [Car_man]
Sep 24, 2007 (6:50 pm)
Hi Car Man,
I am in Colorado. Thanks for your help!
Sep 30, 2007 (8:47 am)
Im looking for a double cab long bed maybe 4wd sr5 and wondering what the residual/money factor and price would be for a 36/12 or 15... I'm located in Los Angeles..
#11 of 50 Basic Tacoma Lease
Oct 23, 2007 (5:01 pm)
My 3rd car (1995 Dodge Intrepid with 146K miles) is about had it. The brake line went, and rather than replace it (I have a good friend who does repairs or I can try and do it and take forever, but I figure why bother now?).
I got this crazy idea to lease a basic Tacoma (the cheapest one) to add to my other two leases (2008 Accord EX & 2007 Civic SI). A pickup can come in handy for me, and I figure to buy a used heap for $8K which may last 4 years or so (plus maybe repairs), leasing seems to be best (at least for me). In other words, you pay one way or the other so I think my best value would be leasing and having something new more often for a "little more" and "a lot less headache". Just my thought.
With the above said, my estimate for a basic Tacoma, with $1000 down (which includes the 1st month payment, tax, all fees), the monthly payments would be about $169 (35 more that is).
Please let me know if my estimate is accurate. This is what I have in mind. Seems cheap enough for a 3rd car, eliminating the hassle of fixing the old heap down the road (like my Intrepid).
The nice thing is that my wife is all for this (she is not fussy). In fact, the is the one who got me started in leasing (and I do like it). She just needs automatic (my SI is 6-speed), a good spare car for her to drive (and haul stuff from Home Depot, etc.).
I hope I get a good response on this one. Thanks.
#12 of 50 Re: Toyota Tacoma: Lease Questions [sswen7]
Oct 26, 2007 (2:58 am)
You're very welcome, sswen7. Unfortunately, I do not believe that Toyota is providing lease support on the Tacoma in many areas right now. As a result, if you were to lease any Tacoma, 2007 or 2007 model, through Toyota Financial Services you would have to use its standard lease program. TFS' buy rate standard lease money factor may vary slightly by region, but it should probably be around .00285 for consumers who qualify for its top credit tier.
Toyota Financial Services' current 36 month, 12,000 mile per year residual value for a 2008 Tacoma Double Cab 4WD is 68%. The number for an otherwise identical lease of a 2007 model is 63%. The problem with these percentages is that TFS only publishes residual values for base vehicles. It places restrictions upon what options can be residualized making it very difficult to figure out what the actual dollar residual value for individual models is. In fact, the calculation of vehicles' residuals is so tricky that Toyota actually provides dealers with a list of the dollar residual values for units that they have in stock rather than having them calculate them using the residual value percentages like most other banks do.
You also wanted to know what special financing rates for conventional loans Toyota has on the Tacoma in your area right now. In its Denver region, it is currently offering 5.9% financing for 5 year loans for consumers who qualify for its top credit tier. It has a much more attractive 0% special rate for 4 year loans on the 2007 model.
Prices Paid: Buying & Leasing Experiences Forum