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Toyota Prius Lease Questions

390 messages,  Last post on May 11, 2013 at 1:53 PM

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What is this discussion about? Toyota Prius, Car Leasing, Hybrid Cars

    

Messages Page 36 of 40

#343 of 390 2011 Prius II lease. Good deal? by tasteckler

Dec 23, 2011 (7:02 am)

Below is the deal sent to me by a local Toyota dealer for a Prius II. The previous lowest quote I had gotten was $306/mo. (including 7% tax) for 39 mos. with only first payment down. This one is $268/mo. (tax included) for 39 mos. with first payment plus $21 for title fee for a total of $289 due at signing. It seems like a good deal, but I would appreciate any insight (no pun intended) into the deal that anyone might have.
 
Trade(s) Allowance: $0.00
ACV of Trade(s): $0.00
Pay Off of Trade(s): $0.00
Equity in Trade(s): $0.00
Customer Cash/Rebate: $289.20
Total Cash/Rebate/Equity: $289.20
Inception Fees: $289.20
Excess Cash/Rebate/Equity: $0.00
 
Advance
Original MSRP: $24,634.00
MSRP Discounts: $0.00
MSRP Adjustments: -$34.00
Adjusted MSRP: $24,600.00
Maximum Advance: $25,329.00
Residual Value: (59.00%) $14,514.00
Mileage Adj: (0) + 2.00% $492.00
Annual Miles: 12000
Excess Miles: N/A $0.00
Adjusted Residual Value: $15,006.00
 
Rates
Discount / Buy Rate: 0.001130
Adjusted / Sell Rate: 0.001130
 
Deal
Warranty Cost: N/A
Warranty Charge: N/A
Dealer Cost: $23,907.00
Selling Price: $22,407.00
Price Adjustment: $0.00
Adjusted Selling Price: $22,407.00
Down Payment: $0.00
Down Payment Tax: $0.00
Assignment Fee: $695.00
 
Cap Cost
Total Cap. Cost: $23,102.00
 
Profit
Vehicle Mark-Up: -$1,500.00
Warranty Mark-Up: $0.00
Paid Reserve: $0.00
Dealer Incentive: $0.00
Trade(s) Over Allowance: $0.00
Total Profit: -$1,500.00
 
Summary
Payment Recap: 39 Months
$250.65 + 7.00% = $268.20

#344 of 390 Prius January 2012 Lease Money Factor and Residual by cmyawn

Jan 04, 2012 (9:26 am)

Car_man or kyfdx,
 
Are there any Toyota lease incentives coming in January for a Prius IV, 36 months, 12,000 miles per year?
 
If so, what is the money factor and residual percentage?
 
Any cash back/rebates?

#345 of 390 Prius V lease residual and MF? by dwynne

Jan 18, 2012 (3:35 pm)

Anyone know the lease numbers for the Prius V two or three? 36 month lease, 15k miles per year. My wife has a Prius III and loves it, but would like the larger car she thinks.
 
No lease specials are shown on the online sources so I am guessing the "Standard lease rates" apply which equals "bad deal".
 
Thanks

#346 of 390 Re: Prius January 2012 Lease Money Factor and Residual [cmyawn] by Car_man HOST

Jan 22, 2012 (12:17 pm)

Replying to: cmyawn (Jan 04, 2012 9:26 am)
Hi cmyawn. In most of the areas that I have seen Toyota's programs for...and there's a lot of them, 12 different regions...Toyota is not currently providing any lease support on the 2012 Prius.
 
If that is indeed the case in your area and you were to lease one through Toyota Financial Services right now, you would have to use its standard lease money factor. The last time that I checked, TFS' buy rate standard lease money factor was .00200 for Tier 1+ customers.
 
As far as the residual value goes, TFS' published 36-month, 12,000 mile per year residual value for the 2012 Prius IV is 63%. Having said that, TFS calculates vehicles residual values differently than most other banks do. It places restrictions and caps on the options that can be reisualized. This not only makes its real-world residual values lower than its published base model percentages initially appear, but it makes it very difficult for individual consumers to work up lease payments on their own.
 
I don't believe that Toyota is currently providing any cash incentives on leases of this car.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#347 of 390 Re: Prius V lease residual and MF? [dwynne] by Car_man HOST

Jan 22, 2012 (12:20 pm)

Replying to: dwynne (Jan 18, 2012 3:35 pm)
Hey dwynne. While as you suspected Toyota is not currently providing any lease support on the Prius, its standard lease program isn't too bad. TFS' current buy rate standard lease money factor is .00200 for consumers who qualify for its Tier 1+ credit tier. That's equivalent to an interest rate of around 4.8%. While in today's low rate environment that's certainly nothing to write home about, historically speaking it's not too bad.
 
TFS' current 36-month, 15,000 mile per year residual value for the 2012 Prius V is 58%, but please see my previous post as to why this number is misleading.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#348 of 390 Re: Prius V lease residual and MF? [Car_man] by dwynne

Jan 27, 2012 (2:01 pm)

Replying to: Car_man (Jan 22, 2012 12:20 pm)
Do the TFS money factors and residuals vary by region?
 
I am in the Cincy region and the dealer says 0.00220 is the rate. Could be dealer markup (rare in a Toyota) or different region? Your rate would save about $10 a month on the payment, tax included - so not a deal breaker. The rate in any case is not good.
 
From the actual invoice of a V three it works out to 58.7% of MSRP including the two (inexpensive) options. On the invoice of V two with more options it works out to 57.9%. Options are not something you want if leasing from TFS
 
My wife's current III is leased at 0.00075 (1.8%) and 63.5% - a much better deal.
 
Thanks

#349 of 390 accessories - mudflaps by cessna10

Feb 24, 2012 (6:54 pm)

first lease, 2011 Prius II, I would like to install mudflaps but not having leased before I am not sure what the implications would be at lease end. I have emailed customer service but it goes in a loop of check with, check with, check with, no definitive answer. I would appreciate any info from someone who has ended a lease with non factory/dealer accessories installed. I would expect to leave the flaps on at lease end.
 
thanks

#350 of 390 Re: accessories - mudflaps [cessna10] by kyfdx HOST

Feb 25, 2012 (10:28 am)

Replying to: cessna10 (Feb 24, 2012 6:54 pm)
If it's a Toyota accessory that is commonly added (like mudflaps), then there will be no issues at lease end..
 
Big wing spoiler, curb feelers or padded vinyl roof? Then, you might have a problem..

#351 of 390 Re: accessories - mudflaps [kyfdx] by cessna10

Feb 26, 2012 (8:04 am)

Replying to: kyfdx (Feb 25, 2012 10:28 am)
thanks for the reply, the part that seems to be causing the conflict is that mudflaps are not on the Toyota accessory list. The parts would have to be aftermarket, so that may be what is causing the uncertanity. It may be wiser to go without and use the $200 to repair any chips before the vehicle is returned. With all the "customer support contacts, videos, and contact numbers" provided by the mfg it should not be quite this difficult to receive a definitive answer.

#352 of 390 Re: Prius V lease residual and MF? [dwynne] by Car_man HOST

Feb 27, 2012 (4:59 pm)

Replying to: dwynne (Jan 27, 2012 2:01 pm)
Hey dwynne. Toyota's lease program does indeed often vary by region. Toyota Financial Services' current buy rate for the 2012 Prius in its Cincinnati region is .00117 for consumers who qualify for its Tier 1+ credit tier. You can actually see this for yourself and show it to the dealer by looking at the fine print of Toyota's official advertised lease payment for this car in your area. Here's a link:
 
http://www.buyatoyota.com/Specials/SpecialOffersDetails.aspx?series=prius3rdgen
 
Just click on the lease offer and look at the fine print. It's right in there.
 
The dealers definitely look like they are trying to mark the money factor up on you.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 36 of 40

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