Lease, anyone?

[tric]

Originally Posted by Iixii

Thanks for jacking this thread!!!

my bad dude. you had a good point.

[FastLap]

For comparison, here's my lease deal.

This is for 6MT, Whiteout, factory front paint protection film, rear bumper applique, trunk mat, and wheel locks:
$0 down
12,000 miles per year
36 months at $373/month which includes 7% monthly sales tax

[fistpoint]

Originally Posted by tric

$3500 Down With $299/per month. which bloddy sucks compare to you guys. and dont get me started on the insurance... bloddy hell

Yours and the first 2 guys all come out to be just over $14000 for the 3 years. You are all within $200 of each other, unless I'm missing something.

edit: fastlap apparently is paying $1000 less than the 3 previous respondents.
edit 2: I see you came to the same conclusion...

[Braces]

Originally Posted by D1cker

With scions there's no negotiation, so the lease deal is the lease deal based on your credit. FWIW I looked at the lease rates on the car when I bought mine as I'm a car salesman by trade, and the money factor on these cars sucks, making a purchase the better way to go

I'm going lease mine due to business reasons. I was told that the lease rate is the same for everyone .... unless you have bad credit.

lease factor .0018 which works out to 4.32%.

I agree that there are better interest rates if you buy ... but the problem is that this is a newly released car with lots of initial interest. The financials may not be favorable.

[Braces]

Originally Posted by FastLap

For comparison, here's my lease deal.

This is for 6MT, Whiteout, factory front paint protection film, rear bumper applique, trunk mat, and wheel locks:
$0 down
12,000 miles per year
36 months at $373/month which includes 7% monthly sales tax

What is the residual?

[D1cker]

Originally Posted by Braces

I'm going lease mine due to business reasons. I was told that the lease rate is the same for everyone .... unless you have bad credit.

lease factor .0018 which works out to 4.32%.

I agree that there are better interest rates if you buy ... but the problem is that this is a newly released car with lots of initial interest. The financials may not be favorable.

.00180 isn't too good of a money factor, but I think it may have been higher ( .00190 or .00200 ) when I was looking at the numbers in July.

Since you have a business the lease will be the way to go since you can write it off.

[FastLap]

Originally Posted by FastLap

For comparison, here's my lease deal.

This is for 6MT, Whiteout, factory front paint protection film, rear bumper applique, trunk mat, and wheel locks:
$0 down
12,000 miles per year
36 months at $373/month which includes 7% monthly sales tax

Originally Posted by Braces

What is the residual?

$16,698

[KEV-FRS]

i have a deposit on my frs, and im planning on leasing it. i see alot of you put little or no money down. one of the options they gave me was like $6000 down, monthly payments of $180. residual was around $16,600 or something. i got a $1000 military discount to bring the car to $23,995. and the only reason i consider doing a lease is because of the dirt cheap monthly payments. i figure i could sell the car for more private party than trading it in. or finance the $16,000 at the end of 3 years if i wanted too.

[jeffsides]

Originally Posted by D1cker

.00180 isn't too good of a money factor, but I think it may have been higher ( .00190 or .00200 ) when I was looking at the numbers in July.

Since you have a business the lease will be the way to go since you can write it off.

So when you say that .00180 is not a "good" money factor, what exactly do you mean by that? That equals out to be 4.32% APR. So you are saying that 4.32% is not "good"? Im a finance manager for Toyota, and have been for the past 9 years. I would have to disagree with you on your opinion. sorry, I still think that a rate that is in the 4's is still pretty darn "good"!

[jeffsides]

Dont get me wrong. im still not a fan of leasing!!! For many other reasons.

[jeffsides]

Originally Posted by KEV-FRS

i have a deposit on my frs, and im planning on leasing it. i see alot of you put little or no money down. one of the options they gave me was like $6000 down, monthly payments of $180. residual was around $16,600 or something. i got a $1000 military discount to bring the car to $23,995. and the only reason i consider doing a lease is because of the dirt cheap monthly payments. i figure i could sell the car for more private party than trading it in. or finance the $16,000 at the end of 3 years if i wanted too.

do the math you just put out there, $180mo x 36 mo = $,480
$6000 dp now up to $12,480
now the residual, if you finance this $16,600 you will have interest too, but for now you are up to $29080, another key factor is, if you keep it and finance the $16,600 you have to pay tax on the residual. so depending on your state tax. so say you finance $17500 with tax @ 3.9% 60mo payment of 321 mo and a finance charge of $1,790 all = up to grand tot of $31770+ dep on your tax rate, i just guessed and looking at 8 year loan if ya look at it.

[jeffsides]

for all you to know who have deposits down right now,TFS finance rates with 720 credit rates are as follows:
up to 60 mo is 3% flat / 66mo 3.3% / 72 3.7% / 75mo 3.95% and up to 84 is 5.2% if anyone has any questions PM me. ill be happy to help you out.

[D1cker]

Originally Posted by jeffsides

So when you say that .00180 is not a "good" money factor, what exactly do you mean by that? That equals out to be 4.32% APR. So you are saying that 4.32% is not "good"? Im a finance manager for Toyota, and have been for the past 9 years. I would have to disagree with you on your opinion. sorry, I still think that a rate that is in the 4's is still pretty darn "good"!

I'm in automotive sales too, With the way rates have been over the last couple of years, anything over .00145 isn't very good in my eyes for a lease for tier one credit. Also if the APR for a 72 month purchase is lower than the money factor (which it is) I think that's a big rough.

[KEV-FRS]

I messed up, the car I had that lease quoted on was 26,700. Not 23,995.