2017 Lease Payments

Congratulations OP! Sounds like a great deal for you. Enjoy the truck!

 

No, it doesn't happen all the time. Leasing companies have been getting much better figuring out the residual value at the end of your lease. However, in the case of my Wrangler, even the Jeep finance guy told me this could happen when I leased it due to high retail values.
My Jeep residual value (the amount I could buy it for) was $13k at the end of my 3 year lease, the Jeep used value (KBB, NADA and Black Book) for a 3 year old Wrangler was $24k. So, I bough the Jeep at the end of my lease and sold it for $23,900. Even after paying $800 in sales tax, I managed to put $10k in my account. At that point it was not a lease car since I bought it.
Again, it was a Jeep Wrangler with a low miles and in perfect condition. Wranglers hold their values very good, just like Tacomas.
Don't get into leases if you don't know what you are doing, they are not for everyone. I spent my life as a finance advisor and a credit officer, so I dealt with similar situations many times through my career. Also don't get into leases to make money at the end. This happened to me on some prior leases, but not to this level.

 

Lumberjack, good deal you got... Congratulations... wish I could have gotten 15K upfront at a reasonable cost....You do Toyota as the lease company?

 

I can see by your comment that don't know how leases really work. But it's ok, most people don't. Learn, it might change your mind...

 

Yes Toyota Financial. Also just as an FYI from what I've gathered by shopping around, the standard money factor is 0.0020 for leased Tacomas right now which equates to 4.8 %

 

Awesome... it would have cost almost the same to take my chances to pay at end... actually maybe more since the credit union was giving me a ridiculously low payment number. Enjoy the truck and don't listen to everything you hear on these boards... lol

 

"I am one that keeps vehicles beyond the loan term, so for me its driving with out a payment, and then having something of value to put down on my next vehicle.
Oh and the guy I talked with, said very clearly, never let the dealership talk you into a lease, its a win win for them, always."

No, you would not be a good person to lease, you keep vehicles too long, so that alone will not make you a good leasing candidate. And as for the comment of the guy that told you about leases...well, don't believe everything you hear.

 

I'm probably in a different situation than most. I'll be paying cash for my next Tacoma and will keep it for ten years or so. Seems like there is a ton of variables in a lease, fortunately for me I won't need anyone to explain it to me.

 

That's very good! What money factor?

 

Thanks for explaining, I have talked to someone, and have a better idea how this could work, he said Honda civics leases at one point were making money for the consumers when gas prices jumped.

I still would agree that it's not much different of selling a vehicle while you are paying on it or even when done. Just deal with vehicles that hold their value. What's nice about your 10, was the fact you drove a new jeep for 3 years and it only cost you for a few grand or so I would guess

 

What do you guys with lease experience think about this?

2017 Tacoma 7544 (4x4 TRD OR DCSB) @$299/mo

Offer Details
All offers end 12-05-2016, cannot be combined with any other offers and are subject to availability. Offer valid on 2017 lease # 2017 Models 7544. Subvention Bonus Cash Back from Toyota Financial Services is on qualified TFS 36 Months month lease contracts only. Must be applied to the transaction. No cash payment will be made to consumer, cannot be combined with other offers. Lease a new 2017 lease #( 2017 Models 7544 ) for $299 a month for 36 Months months with $3,299 due at signing. Due at signing costs include first month’s payment of $299 and $3000 down payment. Security deposit waived. Does not include taxes, license, title fees, insurance and dealer charges. Closed-end lease. Example based on model 2017 Models 7544. Total manufacturer’s suggested retail price including freight is $38834. Monthly payments of $299 total $10465. Capitalized cost of $34582 based on down payment and dealer participation which may vary by dealer. Payment may vary depending on final transaction price. Lease-end purchase option is $28349. $350 disposition fee due at lease end unless customer purchases vehicle of decided to re-finance through Toyota Financial Services. Customer responsible for maintenance, excess wear and tear and $0.15 per mile over 12,000 miles per year. To qualified Tier 1+ customers only, through Toyota Financial Services. Offers vary by region. ToyotaCare covers normal factory scheduled service for 2 years or 25,000 miles, whichever comes first. See Toyota dealer for details and exclusions. Valid only in the Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming.

 

Fine print says sales tax and more not included so you're looking close to 5.5 grand out of pocket.


I just agreed to a lease 12k miles/36 months 2600 down payment (includes tax titles fees DMV and 1st Mo) and 295/Mo on a DCSR5

 

Depends, are you going to keep the Tacoma? That lease is based on selling you the truck for MSRP.

 

^^^
I'd hit them up for invoice on the "sale" price and ask for the same money factor. That should give me time to decide to sell or keep it. Assuming they go for my terms...

 

Yes, ALWAYS negotiate the price of the truck/car first... then you can choose lease/cash/finance. The money factor should already be set by Toyota Financial for Tier 1/2/3 customers, so that isn't going to change. The dealer may try to add a point to it, so be prepared and know what the current MF rates are.

 

Mine was for a 2016 TRD 4x4 sport price was 41.500 its loaded my lease is 36 months 12,000miles a yr I put nothing down no out of pocket at all not even motor vehicle I pay 390.00 per month

 

A more important number is the residual.

 

why I'm not buying it out when its done I turned in my 2013 Tacoma lease for this one I gave them the keys they gave me the keys to the new one plus I got a check in the mail for 1,500.00 when this one is up I will turn it in for another one.

 

I would never suggest turning a lease, only to lease something else, but your money.

 

Well that's you I want a new truck every 3 yrs a truck or car is not an investment it's a necessity. I don't ever have to worry about repairs or oil changes. And I drive a brand new truck every 3. Yrs and I always get a check back at the end. And my monthly payment is low