Last post on Jun 02, 2013 at 4:33 PM
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Toyota Prius, Car Leasing, Hybrid Cars
#321 of 393 Re: Residual and Money Factor Prius [nlproductions]
by Car_man HOST
Jan 12, 2011 (5:38 pm)
Hi nlproductions. We're definitely monitoring this board, but Toyota's lease program is very regional and unfortunately I have not seen its lease program for your area recently. Sorry that I could not be of more help.
Prices Paid: Buying & Leasing Experiences Forum
Jan 23, 2011 (10:53 pm)
Best deal I was offered in NYC/Long Island area for 36 month 12k per yr lease on 2010
With 1st month and DMV only up-front:
Monthly Payment: $292
Residual Buyout: $14,518 (61%)
Problem is I'd like to wait until the 2011 comes out but they're telling me not until late Feb early March and the price will go up on lease.
Please let me know if anyone else is getting better numbers.
#323 of 393 3 year Lease in Atlanta, Ga
Jan 24, 2011 (7:59 pm)
I want to lease a 2011 Prius in the Atlanta market. I would like a 3 year, 12000 mile, $0 down lease for a Prius IV.
I would be appreciative for information on what I should pay per month for this?
Also, I wondered what the current Toyota money factor rate would be for this lease along with the Residual?
I am finding that the dealer seems to want to push the Prius II. I was quoted $249.00 per month for the II and $477.00 for the IV with a 39 month lease. I think the latter is a bit high. I would love to be in the $375.00 per month range.
Any help you could offer would be great. I always enjoy reading about other people experiences and am glad this forum exisits! Thank you. Mary
#324 of 393 New after Feb 1 lease deal ?
Jan 28, 2011 (8:34 am)
Anyone have an idea as to what Toyota will be offering for a lease deal or finance deal after the current ones expire on the existing 2010 models on January 31 ? Don't really need to do
anything for a couple of months but if no leases or finance deals ( 0% for 60 months) will be offered might make sense to get one before 1/31
#325 of 393 Re: Prius III lease [robhangdog823]
Jan 30, 2011 (6:38 pm)
Today I put down $2300 (all incl.) on a prius iii and got 15K month for $239 in Smithtown, NY. Hope this helps.
#326 of 393 Re: Prius III lease [tobysmithny]
Jan 31, 2011 (10:01 pm)
Just got a 2011 Prius IV with Solar Package for $28,000 (MSRP $32,115, Invoice $30,407). Leased for $389 down, $309/month for 15,000 miles per year in Raleigh, NC.
How does that compare? They gave me a great trade in as well full Kelly Blue Book. Is this a decent deal?
Thanks in advance!
#327 of 393 Re: Prius III lease [justsukayrah]
Feb 11, 2011 (5:33 am)
Your deal on the surface sounds goood but your trade is obviously the key in getting your payments low. I'm wondering why you even had to put $389 down with your trade? No way to get your payment and term without the trade involved. More info needed to truly judge the merits of your deal.
#328 of 393 Re: Prius III lease [justsukayrah]
Feb 15, 2011 (6:16 pm)
I'm just wondering how you got that price?
I live in CA and the best price I could get was 31790(selling price).
Toyota Prius 4 w/SOLAR ROOF PACKAGE
selling price 28889
bank fee 595
doc fee 50
selling + fees 29534
net cap cost 29534
Monthly payment 310.0655354(after 9.75% tax)
But still I couldn't get the deal yet.
is there anything wrong with my calculation?
can someone help me out here?
#329 of 393 Re: Prius III lease [killingbee]
Feb 16, 2011 (7:34 pm)
I guess I'm wrong with residual.
I used last year's residual.
but it seems like it can't even reach 65% now.
#330 of 393 Lease Rates, etc.
Feb 18, 2011 (10:49 pm)
I just started looking and was told that the attractive lease rates apply only to the 2010 models. For Feb., the money factor is a very low .00010. The residual is dependent on which version and option packages as certain options do not add to the residual value. Either way, 70% or even 65% sounds extremely high for a 36-month lease. Can anyone else confirm this or know the value?
Kinnlingbee: Your calculations are correct, but, as I said 65% sounds high. Your money factor is equal to 3.72%, which is reasonable, but if you drop the residual down to 58%, your monthly lease goes up to $420. I guess we need to find out what the residuals are for each model and year.
With gas prices expected to rise, the dealer said she did not expect the deals to be as attractive on the 2011 even though there are virtually no changes. Also, and I might have misunderstood this, the 2011 models (maybe it's the 2012 models?) have numbers (1, 2, 3, & 4) instead of the previous Roman Numerals, but the new Prius V will be a station wagon.