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

First I want to thank everyone on this forum for their valuable input. It has helped me immensely in determining what model will work best for me as well as what method of acquiring it.

I have never leased a vehicle but want to make sure that I fully understand it before I sit down with a dealer. With that being said, I am looking for a DCLB TRD Sport 4x4 with the Premium and Technology package including JBL. The only other option that I would want is the Tow Package.

If I understand correctly, the lease will look something like this at a negotiated price of Invoice + $500:

Invoice MSRP
7566 $31,814 $34,340
FP $2,701 $3,035
Tow $579 $650
Delivery $900 $900
Profit $500 $0
Total $36,494 $38,925

Term: 3 Year/40,000 miles (Standard)

Money Factor: .0019 (I am interested in MSDs to lower the MF but right now I just want to understand this)

Residual: This I am not clear on. Will this be factored on the total MSRP? I will assume 78% but if you know what it should be, please let me know.

Based on this information and using the Ride with G Auto Lease Calculator I am getting a lease payment of $297.37/month excluding taxes. Does this sound right?

Also, if I put money down will this lower the monthly lease payment?

Thanks in advance!

 

I think residuals are closer to 69% and money factor is .000190

 

You are gonna also have to account for the dealer fees, acquistion fee and license plates so be sure you include those in your calculations. Here is an attachement for residuals. Toyota just updated their residual calculations. Its as simple as taking the percentage of total msrp. Page 2 are the tacoma residuals.

 

the money factor is .00190 brother up to 36 and .00210 for 37 to 60

See attached in post #143 for residuals

 

@Letsgoplaces Is the MSD buy down .0007? Not sure if that's correct for Toyota.

I would advise against a down payment on a leased vehicle. MSD makes more sense when you lease. In the event of an automobile wreck. You are out of your down payment if the vehicle's value is less than what you owe.

 

Thanks a ton! That really helps!

 

true but if you put zero down, it will limit the amount of discount you can get one the truck. On a lease your up front fees are required to be paid, whether it is by the dealer or the customer they have to be paid. So if you dont put that money down then the dealer will have to pay it making them not discount it. The MSD (if you mean Mulitple Security Deposit)buy down is .00008 in my region, and .00015 for just your regular security deposit.
If you are a tier 1 or high you never pay them though, they are waived.

 

Can you elaborate on this statement @Letsgoplaces ? I don't want to assume in my interpretation. Thx

 

To clarify, you are allowed up to 9 MSDs, so 9*.00008=0.0072. There is really no reason not to do MSDs; they typically are worth over 10% annual return.

His statement about credit tier was for the regular security deposit, not MSDs.

 

Ill let you guys handle this one lol

 

Standard low-mileage leases are 12,000 miles per year. From there they typically go to 15,000 per year. Your 40,000 per 3 year comes out to 13,333 miles per year.
Next, on a three year, you are looking more at about 72% residual. 78% is closer to the 24 month/2 year lease.

 

I must have glossed over the RSD statement. My apologies

 

I need some help. I am thinking of leasing a 2016 Tacoma. My question is what would be a good payment to shoot for. The truck I want is at a dealer locally 2016 Quad Cab 4x4 TRD W/NAV the MSRP is $36,099 I plan on doing a 36 month lease with 12k miles a year. But am open to a shorter term if the payment is much better. Also I am fine with putting money down. Any help would be appreciated.

 

Is the model a Sport or an OR?
Your negotiations, money down, credit, and residual will dictate your monthly note. Since most of those are moving targets from buyer to buyer, you'll probably need to come up with a range that you are comfortable with until you get firmer numbers from the dealership. You can get pretty close unless you perform a mathematical blunder, but you never know how said negotiations are going to go until you begin that process. The post below (#143) has an attachment with the lease residual percentages for each model type. View and keep that attachment (from post #143) handy. You'll be able to figure any residual amount using this data. Use the lease calculators in this thread (page 1 I believe) to assist, if you have not done so already. The Ride with G calc allows you to enter in figures for three scenarios so you can get a great comparison tool all on one screen.
Best of luck!!

 

Wouldn't so much worry about the payment as much as getting the best possible deal on the truck itself and then the payment will work itself out. Know your monthly budget but don't play the payment game with the dealer since that's what they want. If MSRP on that truck is $36k, invoice is probably under 34k. At that price, it looks like that's 350-375+tax depending on money factor for 36 months with about ~$2100 down to cover all the fees and first month's payment up front.

 

thanks for the info guys. I will let you know how I make out.

 

Here's my scenario

2016 SR5 DC 4x2 in white.
list was $26,275 with $650 SR5 package and floor mats and sill protector adding another $209 bringing the total to $28,034.

Dealer said they could do $27,534

Lease was $339 for 36 months with $2,000 down. Supposedly Tier 1

residual is $17,994

How bad/good is this?

Thanks for any help

This is the VIN# 5TFAX5GN0GX054124

 

I am curious on how you guys think I did. 2016 Tacoma/Auto /White/Quad Cab/TRD/4x4/Sport/Nav/Floor Mats/Door Sill Protectors/Tonneau Cover/Tow Package MSRP $36,299 Sale price $34,113. I did a one time pay 2 year lease out the door was $9441. I don't feel I got a amazing deal more of just a average one. What are your thoughts?

 

Here is a link to the best lease calculator on the web (that I have found):

http://www.ridewithg.com/calculator/

Just plug in your numbers and then you will know if you did well.

 

So I ran some numbers on various models figuring no money down, 36 months, 12k miles per year, tax and fees upfront, and I figured 1k off MSRP (I know you can do better in most places, but I wanted some numbers that were not too optimistic). I also figured with adding 6 MSDs, which would be around $2k.

What I came up with was that a top of the line fully loaded 4x4 Limited would run around $375/month, while a SR 4x4 V6 would be around $270/month. Let's just say that this vehicle leases REALLY WELL, mostly due to it holding its value very well.

I think based on these numbers I will get either a Limited or a TRD OR. I wish the Limited was offered in an access cab, as that would be the best of all worlds for me. I much prefer the interior of the Limited, but prefer the exterior of the TRD OR, and of course I prefer an access cab. But I think I may go for the Limited as the price difference on a lease is only around $30/month. I'm not crazy about all the chrome trim on the Limited either, but I think if the mirrors were wrapped in black vinyl and I replaced the wheels with black wheels, it would look a ton better.