2017 Lease Payments

Hi All,
New member here and I have enjoyed reading some of the threads. I'm in the middle of negotiating a lease for White OR double cab without tech package. I know there's been a thread on pricing but most people don't mention monthly payments. Of course there's many factors going into this so it would be helpful to know what the MSRP was, what you actually paid, money down, residual percent, money factor, etc.
The current deal I'm negotiating is going to be $399 month with $600 down. MSRP is 37,300, selling price is 35,000 and $1000 equity on Rav trade in. Thoughts??!!

 

How many months and miles per year?

 

I paid 38 for mine. 1g trade in 5g extra down. 4 year lease. 353.

 

My 2 cents....I don't like leasing, but what would your monthly payment be if you did a 60 month loan? Put the $1000 down and finance $34,000...$450? I don't really see the true benefit with leasing. Go over your miles, and you take a hit, etc. With interest rates so low still, just doesn't seem worth it to save $100 bucks a month a car payment.

 

with my credit if i tried to finance i would have to do a 84m finance with 500 something a month. i didn't want to commit to that. not that i couldn't afford it however i thought my situation, i could get the truck for a decent payment, and save enough to pay the truck off after the lease is up. i dont drive my taco too much because i have a company vehicle for work... and i work alot lol

 

My deal was for a loaded (JBL, tonneau cover, tow package, wheel locks, spare tire lock, predator steps, carpet mats, door sills, all weather mats, and bed mat) 2016 TRD Sport DCSB. Total out of pocket was about $550 and that covered the first payment and DMV fees. My lease is for 36 months and 12k miles per year @$399.

 

Thanks cool!! I hope you get your deal worked out with the truck.

 

The deal is for a 36 month lease at 15K a year. Money factor seems to be standard at 0.0020 and residual is between 69 and 70%.

 

That seems like a crazy good deal. Not sure how you managed to stay under $400 for a 40K plus Tacoma.

 

Lumberjack I wanted to get 15K miles per year and the credit union would not do it and Toyota was way way more expensive.

I thought the deal was ok but the more I hear and see I guess it was pretty good.

 

Or you hold on to your $1,000. With no money down and 0%.....$34,000 does not equal anywhere near $450. The mileage on any lease is irrelevant as long as you pay for the mileage. Depreciate a new vehicle and calculate the mileage and I guarantee you those miles will cost you more than $.17 a mile.

Even if you write a check for your new vehicle.....which still does not make any sense on a depreciating asset, you're better off doing an up front one time lease payment which still yields a higher return on your left over cash and buys your vehicle down, because Toyota residuals are under valued.


There are a lot of good reasons to lease.

1.) No commitment to the vehicle as long as your lease is paid (Tacoma has equity even after if leaves the lot).
2.) Tax deductible if the vehicle is used for business.
A.) The only reason I lease.
B.) Payment and vehicle deduction always outweigh annual depreciation
3.) High residuals mean you will always make money anywhere in the lease regardless of where you are in the maturation schedule.
4.) Better cashflow management especially on a vehicle that falls under points 2 and 3. Especially when 1 of those 2 points applies to you.

 

Remember that when you buy, the $34,000 will become more by the time you add sales tax and the other stuff. So, the no way you will get this for. Under $500+ a month.

 

I paid 34K, minus a 3K trade, put an extra 1K down, paid $2600 out for taxes and for 72mts @ 2.9% I pay $429 a month on 30K.

 

Yes, $429 after $6,600 down. But 72 months...that's a long term financing, I don't think I've owned a vehicle for that long in my life.
Count on paying about $20 a month for every $1,000 you finance on a 60 month loan.

 

I got a 2016 TRD 4x4 double cab MT, tow package, 3m protection package and all the other standard stuff. 36 months / 12k, I have the $5k protection package (can turn in with up to 5k in damages, and the toyoguard (if that's the package where I can lose 1 key, 2 tires 1 wheel, a battery, new brake pads, etc).

I put $1k down and payments are $350 a month (keep in mind I'm not a tier 1 credit either).
Hope it helps.

 

My lease was $700 down, negative 4K equity on my Ford, TRD OR DCSB 4x4 with JBL, tonneau, and everything. $587.87 a month. 12k for 36 months. I only drive about 8k a year and I was so ready to get out of the Ford. I have tier 1 credit too.

 

Leasing is not as bad as some people make it out to be, but don't kid yourself. Unless you're using it for business, purchasing is better the vast majority of the time. There's a reason dealerships push leasing, they make more money off of them and it's not because you're getting a killer deal. But if you really want new and can't afford the payments, go for it. Just know that in the long term, you'd be better off buying.

I would say there is a greater commitment for leasing. Pretty easy to sell a truck, selling a lease is much more difficult.

 

I feel like a lot of people on here don't like the idea of leasing which I respect. I also think that leasing makes sense for a lot of people. I have personally leased over 95 percent of the cars I have had in the last 8 years. I like it because I am able to get out of a car whenever I want without taking a massive hit. I have been able to enjoy over 15 different cars within that time, I could not have done that if I purchased each car. I also think people who lease need to understand the process of not getting screwed on the deal. Many have said that leasing a Tacoma is a bad idea because of the resale value, this alone is one of the better reasons to lease the truck because of the residual value and having a much smaller payment. It will cost someone over 700 dollars over a 60 month period to buy a loaded Tacoma, it might cost less than 400 to lease the same one.

 

Lease on a Tacoma can be good because of the excellent re-sale value. All you do on a lease is basically paying for the depreciation over the term of your agreement.
My local dealer has lease options for $179/month.
That is with a significant down payment though, but if you don't do many miles a year and you do not want a $600/m payment you can have a brand new Tacoma in your driveway for a very low monthly payment.

 

I have never had an issue with getting out of a lease. I have had cars valued at over 80k and with very little dealing, I was able to get out and get into something else. I would have been over 7 grand in the whole just in taxes if I had purchased the same car. I just really don't think some people understand the process of leasing and the specifics involved. Purchasing is great for a lot of people but some people like the idea of getting a new vehicle every few years. I personally don't want to have the same car for more than 2 years.