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'16 Lease Residuals (not for everyone, I know)

Discussion in '3rd Gen. Tacomas (2016-2023)' started by gromit615, Sep 15, 2015.

Page 3 of 14
  1. Sep 22, 2015 at 5:08 AM
    #41
    gromit615

    #41
    gromit615 [OP] Well-Known Member

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    Yes, yes we know. You get a discount... :bowdown:
     
    gromit615, Sep 22, 2015
    #41
  2. Sep 22, 2015 at 5:11 AM
    #42
    gromit615

    #42
    gromit615 [OP] Well-Known Member

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    :der:
    :D
     
    gromit615, Sep 22, 2015
    #42
  3. Sep 22, 2015 at 5:57 AM
    #43
    robssol

    #43
    robssol If it ain't broke, leave it the eff alone!

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    Leases:facepalm:NFW!
     
    robssol, Sep 22, 2015
    #43
  4. Sep 22, 2015 at 6:12 AM
    #44
    gromit615

    #44
    gromit615 [OP] Well-Known Member

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    Noted. Your contribution to this thread has been immense. Thank you.
     
    gromit615, Sep 22, 2015
    #44
  5. Sep 22, 2015 at 6:32 AM
    #45
    robssol

    #45
    robssol If it ain't broke, leave it the eff alone!

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    Noted, and thank you for confirming the stupidity of leases in this thread.
     
    robssol, Sep 22, 2015
    #45
  6. Sep 22, 2015 at 6:45 AM
    #46
    gromit615

    #46
    gromit615 [OP] Well-Known Member

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    Ouch :bananadead:
     
    gromit615, Sep 22, 2015
    #46
  7. Sep 22, 2015 at 7:14 AM
    #47
    porchop

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    porchop Well-Known Member

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    Yes it's 4x4, I think it's a good deal...I just want others opinions
    Nope just right off the back I went in saying I wanted to lease. Was told by manager that I'm basically getting it for invoice price msrp on truck was 33,869
     
    porchop, Sep 22, 2015
    #47
  8. Sep 22, 2015 at 7:44 AM
    #48
    gromit615

    #48
    gromit615 [OP] Well-Known Member

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    So, if I'm hearing you correctly the MSRP was $33,869 and you got the cost down to about invoice, correct?
    Along with that you added $2k as a down payment.
    Then adding in taxes, doc fees, etc..
    Tax rate?
    Money factor (interest rate)?
    Residual value amount or percentage?
     
    gromit615, Sep 22, 2015
    #48
  9. Sep 22, 2015 at 10:19 AM
    #49
    Levo

    #49
    Levo Well-Known Member

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    I can't til the end of March
     
    Levo, Sep 22, 2015
    #49
  10. Sep 22, 2015 at 10:21 AM
    #50
    Levo

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    Levo Well-Known Member

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    Yes great deal
     
    Levo, Sep 22, 2015
    #50
  11. Sep 22, 2015 at 10:21 AM
    #51
    porchop

    #51
    porchop Well-Known Member

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    thats correct and nj tax is 7% and all fees except doc was included. i believe toyotas % rate on all leases is 2.4
     
    porchop, Sep 22, 2015
    #51
  12. Sep 22, 2015 at 10:23 AM
    #52
    Levo

    #52
    Levo Well-Known Member

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    What's the residual after your lease
     
    Levo, Sep 22, 2015
    #52
  13. Sep 22, 2015 at 10:25 AM
    #53
    porchop

    #53
    porchop Well-Known Member

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    after 36 months and low mileage (12k a year) paper says its 25,115.0
     
    porchop, Sep 22, 2015
    #53
  14. Sep 22, 2015 at 10:30 AM
    #54
    Levo

    #54
    Levo Well-Known Member

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    They put a stop on us to buy the Tacomas so they can take all of your all money first lol. Joking but they did. Oh well. Up here in the Ohio valley area we don't get a lot of that tech stuff we get a lot of base 4x4 models. Add like tow.
     
    Levo, Sep 22, 2015
    #54
  15. Sep 22, 2015 at 10:33 AM
    #55
    Levo

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    Levo Well-Known Member

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    Not bad. Just get another after 3 years or buy it out with the money you save on a down payment.
     
    Levo, Sep 22, 2015
    #55
  16. Sep 22, 2015 at 10:38 AM
    #56
    Levo

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    Levo Well-Known Member

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    I lease my Tacomas for 5 years to get a even lower payment. I don't keep them but for 2 years.
     
    Levo, Sep 22, 2015
    #56
  17. Sep 22, 2015 at 10:40 AM
    #57
    MikeD72

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    MikeD72 Well-Known Member

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    Explain to me why leases are stupid? I seriously don't get it. Even a vehicle with a great resale value like Taco depreciates immensely the moment you driving it off the lot.
     
    MikeD72, Sep 22, 2015
    #57
  18. Sep 22, 2015 at 10:41 AM
    #58
    MikeD72

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    MikeD72 Well-Known Member

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    huh? how do you get out of a 5 year lease after 2 years?
     
    MikeD72, Sep 22, 2015
    #58
  19. Sep 22, 2015 at 10:41 AM
    #59
    porchop

    #59
    porchop Well-Known Member

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    when you go to trade it in though is it worth more than what you owe on it?
     
    porchop, Sep 22, 2015
    #59
  20. Sep 22, 2015 at 10:42 AM
    #60
    MikeD72

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    MikeD72 Well-Known Member

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    '16 or '15?
     
    MikeD72, Sep 22, 2015
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Page 3 of 14

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