Last post on Nov 11, 2013 at 10:37 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Toyota Prius, Car Leasing, Hybrid Cars
#464 of 473 Re: 2013 Toyota's national lease on plugin [sensei4]
Oct 27, 2013 (6:59 pm)
Does the $296 / month include tax? If not, what is the monthly lease payment before tax? How much is the GAP Insurance per month?
We are looking at a Blizzard White Standard Plug-in, includes adding on Homelink, Doorguards, carpet mats & cargo mat, 0 down / 0 driveoff, $284.07 / month before tax, 36 months, $16,960 residual.
I'm trying to see if it anyone is getting it for less.
#465 of 473 Re: 2013 Toyota's national lease on plugin [amoto13]
Oct 27, 2013 (9:24 pm)
Yes, tax included in 296/mo.
It was $249 before tax and gap ins.
Gap was $595 total for term of lease.
#466 of 473 2013 Prius 4 with sunroof package
Oct 27, 2013 (10:23 pm)
Sorry if I sound very dumb but this is my first lease. I would like to get the 2013 Prius with my requirements being most importantly navigation, heated seats and backup camera. It seems the Prius IV with sunroof package is my only options per the dealership.
Here is the deal he quoted me:
Prius IV MSRP W/sunroof package 33290
Money Factor 0.00025
Residual Value 17342
Drive off: 760 including 1st month and title
36 month Lease 10,000 miles 12k/year
price per month w/o tax: 391
price/month including tax 9.5% :428.145
This seems high to me...what would be a more appropriate deal? I am not even requiring a plug-in as I only have street parking available to me. Thank you so much for your help.
I live in the LA area but would be willing to drive up to 1.5-2hrs around to get a good deal.
Thanks so much
#467 of 473 Re: 2013 Prius 4 with sunroof package [slob1]
Oct 28, 2013 (6:18 pm)
Try going to
and see what the average price is for the car you want. It gives you a good starting point to negotiate. When I looked just now for the LA area, it says there are 3 dealers with a guaranteed price for the Prius IV at $25,066.
I'm still learning how the lease works but in doing simple math, at the end of the day you'll be paying $$31,418. That seems high.
#468 of 473 Re: 2013 Prius 4 with sunroof package [slob1]
Oct 28, 2013 (6:21 pm)
Someone just sent this to me....the math is making my head spin =)
HOW TO FIGURE VEHICLE LEASE PAYMENTS
This is merely “For Example” – plug in your own values…
Take the Cap Cost (selling price) = $ 26,915.00
Subtract the Residual (55%) = $ 14,803.25
Remainder = $ 12,111.75
Now, take the remainder ($12,111.75) and divide by the Term, or length, of the lease…$12,111.75 divided by, say, 36 (months) = $336.44.
Next, add together the Cap Cost plus the Residual, $26,915.00 + $14,803.25 = $41,718.25.
Multiply by the Money Factor, always a ".00xxx" number. If they don't tell you the Money Factor, get the interest rate and divide by 24 (24 is always a constant). If interest is 6%, then divide by 24 to get .25, then put it after the .00 to get the Money Factor. Now we have .0025 as our Money Factor.
Take the above mentioned $41,718.25 x .0025 to get $104.30.
Add the $104.30 + $336.44 and get $440.74. Figure sales tax ($440.74 x 7% = $467.18) and this is your monthly lease payment.
The money factor is used to figure out the interest rate on a car’s lease. Multiply that number by 2,400 to get the interest rate. So, with a .003 money factor, the interest rate is 7.2%. The residual value is the estimated value of the vehicle at the end of the lease term. Typically, you can purchase the vehicle at its residual value when the lease is up. (The industry’s bible for residual values is the Automotive Lease Guide’s Residual Percentage Guide; the figures can be on the low end and finance companies use this as a guide for setting prices.) Capitalized cost is the total amount that you’re financing, including the negotiated price of the car, all its options, fees and taxes; it should be under the manufacturer’s suggested retail price (MSRP). Finally, capitalized cost reduction is the amount of money you give to the dealer upfront, like a down payment, which is usually negotiable. Consumers should focus on getting a contract with the smallest money down and the lowest interest rate.
#469 of 473 Re: 2013 Prius 4 with sunroof package [amoto13]
by Michaell@Edmunds HOST
Oct 28, 2013 (7:10 pm)
I believe there is one small flaw in your math. The residual is based on the MSRP.
If the MSRP is 30k and the residual is 50%, then the residual value is $15,000.
However, if you negotiate a selling price of 27k, then the amount of depreciation drops from $15,000 to $12,000. Over 36 months, this means that part of the payment drops from $416.67 to $333.33 each month.
#470 of 473 Re: 2013 Prius 4 with sunroof package [Michaell@Edmunds]
Oct 28, 2013 (7:29 pm)
Thanks.....this is not my math, it came from someone who sent me a clip from one of those webistes helping to "explain" leasing.
I don't know which site and I didn't do the math myself. Just scanning the clip was giving me a headache but posted it in case it could help someone else =)
I'm more of a "bottom" line person. I want to know what I'm paying for the car at the end of the day. Right now I can't find a lease deal that is better than purchasing, so I'm leaning towards buying. There is an offer for the Blizzard White Plug-in for $27,900. After the $2500 Federal Credit and $1500 CA State Rebate, it will make the car $23,900 (plus tax, title & license).
#471 of 473 2013 PIP Advanced lease price
Oct 31, 2013 (11:21 am)
Hi there! Thinking about leasing the Advanced PIP for my wife, I just got quoted 460/month (tax included), 12k miles per year, 0 down, $20,158 residual.. No MF disclosed.
Do you think its a good price? is it really worth to pay more for the Advanced when the base one is $329 plus tax?
Never leased before.
Thanks in advance!
Nov 06, 2013 (6:23 pm)
Here's what my friend got:
2013 Prius Plug-in advanced (Nav, Hud, heated seats, DCC, PCS, etc)
$500 down inlcuding 1st month
$455 month x 35 months
12k mi, 36 months
I like the car a lot. Interior feels like a Lexus.
Doesn't seem like a screaming deal but a good one. He didn't want to wait for next year, he needed a car right now.
#473 of 473 Re: 2013 PPI Lease [bobwilson57]
Nov 11, 2013 (10:37 am)
Congrats to your friend!
I just bought (no lease) the Blizzard Pearl Standard Plug-in this weekend at Folsom Lake Toyota. $27,488.00 was the price. Less the $2500.00 Federal Tax Credit and $1500.00 CA State Rebate, the FINAL price of the car will be $23,488.00 for me.
I'm very happy!