Last post on May 11, 2013 at 1:53 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Toyota Prius, Car Leasing, Hybrid Cars
#296 of 390 Walt - Can you give me some Money Factors /Residuals
Dec 13, 2010 (3:19 pm)
I was wondering if you might be able to give me some information on the Prius lease special that is currently advertised on the 2010 Prius. Is it better to take advantage of this deal or wait on the 2011 since the residual will be higher? Is it on all Trim packages? I would probably want the V trim package but not any options since Toyota doesn't residualize them. I assume the sweet spot is 36 months. Can I get the figures on 12K and 15K?
Thanks Walt! Will buy as soon as I hear from you.
#297 of 390 Re: Prius II [sam027]
Dec 14, 2010 (6:25 am)
What was the final selling price on the car? What was the money factor? It would seem that you got the car below invoice to get at $208. Thanks,
#298 of 390 Re: Prius II [alsnook123]
Dec 14, 2010 (9:44 am)
The selling price for the vehicle was 21,550.00, money factor I do not know but if you know where I can find that on the paperwork. I will be happy to let you know. This deal was negotiated by dealing with getting the price of the car down as much as possible and letting the dealer see how close they could get to the OTD (out the door) price that I had that was best. All the negotiations took place via phone and email. The dealer I leased the car from was actually about $1,500.00 more then the best price I was given OTD so I asked them for there best deal via Lease since they couldn't beat the other dealers sale price. Then I took that deal to my local store and wasted 3 hours of my life trying to get them to the same point as Town & country (why I wasted this amount of time I dont know) but with a little bargaining I got them 10 bucks lower then town and country and then I emailed Town and Country to see if they could beat it and they did by another 10 bucks.. Thats how I got to where we ended up. Alot of research and emails but I just told them I am buying a car today so give me your best price or I will buy from the guy who is going to beat your price.
Town and Country was a pleasure to work with and I will continue to work with them on my future purchases because of it. They really did not play any games they just gave me there best price and were willing to negotiate because they wanted to sell cars not waste time going back and forth. Let me know what else I can answer, thanks!!
#299 of 390 Re: Prius II [sam027]
Dec 14, 2010 (11:44 am)
Sounds good..I'll let you know how it goes.....You've been a big help.
#300 of 390 Re: Prius II [sam027]
Dec 15, 2010 (5:58 pm)
Close to getting the deal closed. You say you put down $500 which included the 1st months payment, But how did you pay for tax, tag, doc fees? Did you pay those in addition to the $500 or were these fees (approximately $1300) financed in to the lease over the 39 months? Thanks again for your help.
Dec 15, 2010 (6:37 pm)
Tax is always paid in the lease atleast in nc. Other fees I don't know where they went or what, I just paid 500 down and 208 went towards first month payment what they did with the remaining 292 is a little mystery.. the selling price is 21550 and down payment 500.. hope that helped but I don't know..
#302 of 390 Lease in Michigan ends Jan 3 2011
Dec 16, 2010 (4:41 pm)
I got a quotation for a Prius II here in Michigan. It is $0 due at signing deal. Let me know what you guys think.
Here is the breakdown of the $269 Promo:
Sale Price $22,745.00
Manufacture incentivised Money Factor .00020
Current Residual Value $14,592.00
Total Monthly Payment including Tax, License Plate Transfer and $0 Due at Signing = $285.14 per month for a 36 Month 36,000 Mile Lease.
#303 of 390 Re: Lease in Michigan ends Jan 3 2011 [azkals911]
Dec 16, 2010 (4:55 pm)
SO that translates to over 10K for 36 months? Too expensive if for standard package of Prius II, you can even get III with similar price ....
#304 of 390 Re: Lease in Michigan ends Jan 3 2011 [winginsky]
Dec 16, 2010 (5:04 pm)
winginsky: so what do you suggest my negotiation be. Would I ask that the Selling price come down to 22,000 even?
I don't really need at III. I just want the best deal on a II.
Thanks for the quick reply.
#305 of 390 Re: Lease in Michigan ends Jan 3 2011 [azkals911]
Dec 16, 2010 (7:12 pm)
So If I understand correctly you financed your 1st payment, tax, tag, doc fees, etc in to the monthly payment. If my calculations are correct your lease payment should be approximately $236/month. The difference in payment is $49 which brings you to $285. Take 49 x 36 months and this equals $1764 which must be the amount you are financing to not put any money down. You should approach this deal like you are paying 1764 down and paying $236/month. I feel you can do better. If you can negotiate the car down to $22K you can bring down the payment another $21/month.