Leasing a 2017 Tacoma TRD off-road

Hey guys, im new to the forum and just want a feedback if this leasing deal is good or bad. It will be my first taco. 2017 Trd offroad DC auto with jbl package 4x4. Msrp $38500 discounted to roughly around $34500-$35500. Residual value for 2 years is 79% or 3 years 70%(which is unheard of, at least to me). Money Factor is .0022 (5.28%). Downing $2000 with $3000 negative equity on my trade in.
$440/36/12,000 or $435/24/12,000. It's also my first time leasing so idk which is better. Thoughts guys? Any would help, Thanks!

 

Leasing is not for everyone. You need to be fully aware of what you are getting in.
Example:
-If you like to keep cars for ever, lease is no good for you.
-If you drive more than the allowed miles, lease is not good for you.
-If you don't maintain you vehicles well, lease is no good for you.
-If you keep the dings and scratches on your vehicles and don't fix them, lease is no good for you.
-If you want to build equity in your car, lease is no good for you.
However, if you are okay with these, okay to keep a car payment in your budget and like to drive something different every 2 or 3 years, then leasing might be good for you.
I have leased for the last 25 years and never been burned.
Remember:
-You can buy your leased vehicle anytime you want to. Don't have to wait till the end of the lease.
-You can trade in your lease vehicles before your lease ends as long as you are not upside down on it.
-You can return it at the end if you want to.
-If you put a shit load of miles on your lease, buy it or trade it at the end and you will not have to pay for extra mileage.
There are many advantages and disadvantages to leasing, but it all depends on your needs.
Why do I lease?
-I don't like to drive the same vehicle for a long time. I like to drive different cars every 2 or 3 years.
-I don't mind having a car payment since eventually, even if you pay it off, you will have to get a new one and have a car payment anyway.
-I do not like to use/deplete my liquid assets to purchase a depreciating asset, this is never a good financial strategy.
You don't have to agree with me, but it has worked for me and never regretted it.

 

Why is the selling price between 34500-35500? Nail it down first.

Your MF is too high
Get the regional MF buy rate

Additionally instead of doing down payment , do 9MSD to lower your MF

Good luck

 

From what I've seen (Internet Manager at a Dealership in CA) that's a decent payment with negative equity. I typically see on a 3 year 36k lease with 2k down on a 36-37k Tacoma ending up at $400 a month for employee deals without negative equity so overall it seems like your getting a fair deal. IMHO

 

Not sure how the payment is less at 24 months than 36 though. That dosent make sense to me. (Then again I dont think I have worked a 24 month lease on a Tacoma and like everything with taco residual value might be way different than other vehicles)

 

I would also question the dealer about how they are applying your 1,000 negative to the lease and what the Capitalized cost is. I feel like discounting it close to 3k and rolling 1k in neg you should ask where its being applied to make that up(I.E are they actually discounting it 4k, which dosent seem likely). Also your 2k down is just going to the pay off the trade so really your prob looking at a 0 down lease with 1,000 added over selling price to the cap cost (I think)

 

Go to edmunds forum for latest rates by region.

Use this too

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

It's not a good deal according to the calculator. But with negative equity there's not much you can expect. Also, like another guy said. Figure out how they are applying your discounts, down, and negative equity.

 

I have leased all three of my Tacomas ('01, '05, '10).
With my first, it was the only way I could afford a new Tacoma and it was for my business as well as personal needs.

12,000 miles/year lease? Yes, but check your dealer... IF you trade it in for another Toyota, there is no mileage lease penalty. Just the normal value depreciation miles may add. I had 136,000 miles before the 5 year lease was up, over double the lease limit of miles. There was no penalty... I traded for the 2005, with $1,000 down payment and similar monthly lease payments.
It got better...

When I traded my '05 for my '10 (after 4 years and 102,000 miles), no penalty for over miles and the Tacoma holds its value so well, no down payment needed and my monthly lease payment was just $20 more for the new truck.

Now here's the negative on leasing... IF you want to keep your truck after the lease expires, then you can turn it into a purchase but will pay a lot more, overall. This is what I wanted to do with my 2010. It was so awesome (in my opinion) that I wanted to keep it. Other factors were the terrible business economy that began about 2008 (and hopefully ends soon, now) and with that, fewer miles driven, so I wasn't wearing out my truck at the rate of the two previous Tacomas.

So, after three years on the lease, I purchased the truck (through a credit union) which greatly lowered my monthly payments but extended them a few years more. Seems like buying the truck twice, but not that bad... and again, this Tacoma I feel is worth keeping.