Last post on May 11, 2013 at 1:53 PM
You are in the Toyota Prius
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Toyota Prius, Car Leasing, Hybrid Cars
#47 of 390 2010 Prius Lease in NJ
Mar 03, 2010 (12:16 pm)
I would like to lease a 2010 Prius, model 3, with the solar sunroof package for 36 months and 15k miles/year. The MSRP is $28,580 and I want a selling price at invoice ($26,000).
The dealership provided me with an interest rate of 1.8% and a residual of 70%. That would result in a monthly payment (including tax) of $215 with $1245 due at signing (first month, bank fee, doc fee, dmv). Can you confirm the interest rate (MF) and residual?
Obviously if this combination of residual and MF is accurate, this might be one of the greatest leases of all time.
#48 of 390 Re: 2010 Prius Lease in NJ [civhybrid07]
Mar 06, 2010 (10:05 pm)
That residual looks high considering how far into the 2010 model year we are. Personally, I'd take that offer and run for the hills.
BTW, back in 2003 I got an Infiniti M45 on a 3 year lease for $238 with $2000 down. For a $52,000 car, that was one of the best leases ever
#49 of 390 Re: 2010 Prius Lease in NJ [civhybrid07]
Mar 07, 2010 (12:22 am)
Actually, ignore what I said. Just checked and it looks like a 72% residual on a 12,000 mile / 36 month lease, so 70% for the extra 9,000 miles would be right in line.
#50 of 390 lease with trade in with neg equity
Mar 07, 2010 (6:47 am)
Hello all ; new to site ; live in Fl and see that Toyota is offering leases here on the Prius ;problem is the 09 Hyundai Sonata that I want to trade has neg equity . dealer said that all they could offer me is around 14k for my car but 17k is owed . I know its not good to do but I thought that the neg equity could be worked in on the lease . I was going to put $ 1500 down. Dealer here said it can't be done .Is this true for all Toyota dealers or should I go somewhere else ?
any help would be appreciated
#51 of 390 Re: lease with trade in with neg equity [mistermugsy]
Mar 07, 2010 (9:00 am)
In general, with strong credit, you should be able to "pay" up to a certain percentage (115%?) of MSRP and build that it into a lease.
Not sure how a manufacturer-subsidized program plays into this, though.
Mar 07, 2010 (8:54 pm)
According to the numbers on the current $199 per month offer, the residual on a Prius II is 72% for 36m / 12000 miles. Can anyone confirm that this is the case across all the Prius range? From this board, I can see someone got offered 70% on 36m /15000 miles.
My local dealer is insisting on 63% and no reduction from sticker price. I want to get a confirmation on the residual before trying to get deals from other, more far-flung dealers.
#53 of 390 Prius V
Mar 07, 2010 (10:26 pm)
How are you? Glad to see you're still giving advice because I need some. Looking for MF and residuals for a 2010 Prius V / 12K / 3yr. lease. Also looking same way for the Hyundai Tucson LTD 4WD. Seems that Toyota is eager to deal as I was walking by a Toyota showroom and a salesperson literally dragged me in. I see that current lease deals for the Prius are good till 4/5. Does Toyota's MF change on the 6th of the month or earlier? I was hoping you could shed light if you think Toyota will discount deeper as we get into March, April.
#54 of 390 Re: Residual [cluedweasel]
Mar 08, 2010 (4:14 pm)
I have an email quote on a Package II for 15,000 miles and the residual was 66.58%. 12,000 was 68.49%. I assume this was due to Toyota's unique policy of not residualizing some options. So I was given a residual dollar amount and worked the percentage backwards.
#55 of 390 Re: 2010 Prius Lease in NJ [cluedweasel]
Mar 08, 2010 (5:31 pm)
Cluedweasel - Thanks for the input and I was expecting the 70% residual based on working the math backwards on the advertised lease on buyatoyota.com, however the dealerships around me in NJ seems to be confused as they have all provided different residuals, so my thinking is that the high residual may only apply to the base model and not the Prius 3 through 5.
Hopefully the edmunds moderator can chime in here to clarify the Prius lease program for March before it goes away.
The best offer so far is around $300/month with $1300 due at signing for the Prius III with the solar sunroof package. That's OK, but certainly not a really special deal.
Mar 08, 2010 (6:53 pm)
What is the 36 month lease going for on a Prius IV Solar Roof w/ Nav Package?
Want to know Residual, MF, etc.