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Toyota Tacoma Lease Questions

42 messages,  Last post on Nov 30, 2009 at 5:43 PM

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What is this discussion about? Toyota Tacoma, Car Leasing, Car Buying, Truck

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#5 of 42 July Residual and MF by jramm 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?   Thanks.
#6 of 42 Re: Toyota Tacoma: Lease Questions [kyfdx] by sswen7 Sep 09, 2007 (1:04 pm)
Replying to: kyfdx (May 04, 2007 12:11 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. Replies to this message: Car_man (Sep 20, 2007 2:06 am) sswen7 (Sep 24, 2007 6:50 pm) Car_man (Oct 26, 2007 2:58 am)
#7 of 42 Re: Toyota Tacoma: Lease Questions [kyfdx] by sswen7 Sep 09, 2007 (1:05 pm)
Replying to: kyfdx (May 04, 2007 12:11 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 42 Re: Toyota Tacoma: Lease Questions [sswen7] by Car_man HOST Sep 20, 2007 (2:06 am)
Replying to: sswen7 (Sep 09, 2007 1:04 pm) 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.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: sswen7 (Sep 24, 2007 6:50 pm) Car_man (Oct 26, 2007 2:58 am)
#9 of 42 Re: Toyota Tacoma: Lease Questions [Car_man] by sswen7 Sep 24, 2007 (6:50 pm)
Replying to: Car_man (Sep 20, 2007 2:06 am) Hi Car Man,   I am in Colorado. Thanks for your help! Replies to this message: Car_man (Oct 26, 2007 2:58 am)
#10 of 42 Price? by mzaiderman Sep 30, 2007 (8:47 am)
Car man, 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.. Thanks! Replies to this message: Car_man (Oct 26, 2007 3:09 am) robtrnj (Oct 26, 2007 6:08 pm)
#11 of 42 Basic Tacoma Lease by robtrnj Oct 23, 2007 (5:01 pm)
HI,   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.   Rob
#12 of 42 Re: Toyota Tacoma: Lease Questions [sswen7] by Car_man HOST Oct 26, 2007 (2:58 am)
Replying to: sswen7 (Sep 24, 2007 6:50 pm) 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.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#13 of 42 Re: Price? [mzaiderman] by Car_man HOST Oct 26, 2007 (3:09 am)
Replying to: mzaiderman (Sep 30, 2007 8:47 am) Hi mzaiderman. You never mentioned whether you are interested in the 2007 or the 2008 Tacoma. I suspect that the '07 models are mostly sold out at this point, so I will go with the '08. Unfortunately, Toyota is not currently providing any lease support on the '08 Tacoma in its Los Angeles region. 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' buy rate standard lease money factor may vary slightly by region, but it is probably currently around .00285 for consumers who qualify for its top credit tier. TFS' current 36 month, 15,000 mile per year residual value for the 2008 Tacoma Access Cab 4WD is 59%. The residual value for a lease with only 12,000 miles per year is 2% higher. The problem with this residual value is that it is for a base vehicle without any options. TFS places restrictions upon which options can be residualized, making it difficult to calculate the actual dollar residuals for individual models.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: robtrnj (Oct 26, 2007 6:08 pm)
#14 of 42 Re: Price? [Car_man] by robtrnj Oct 26, 2007 (6:08 pm)
Replying to: Car_man (Oct 26, 2007 3:09 am) Today I went to a dealer and got quotes for a 2008 Tacoma. One was for a regular cab for $359 per month, and one for a access cab for $389 per month. Both quotes was with $1895 down. With sticker prices in the range of $17K and $21K respectively (forgot the exact amounts).   To me this was very high. They didn't want to give me the residuals or money factor, but I finally got the residual for the access cab for around $11,500. Given this the quote of $389 per month doesn't make any sense. My wife and I left cordially with the sales person. In fact he suggested looking at other brands (GM, Ford, etc.). These sales people are driven by the manager who makes the final decision.   Comments? I am learning a lot every time I do this. No rush for me since this would be an extra vehicle.

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