Getting A Two Year Lease...Opinions?

This is the quote from my local dealer for a 2019 Tacoma TRD Sport Double Cab 4x4.

24 months
12k miles per year
$0 down
$390 a month

24 months
12k miles per year
$2k down
$295 a month

Is this a good deal?

What color do you prefer between the magnetic gray and cement?

 

I don't know much about leases, but Welcome to TW!

 

Welcome!

 

Welcome to TW, I have leased vehicles in the past. The big thing is will you keep under the miles and will you trade in for a new vehicle at the end of the lease. I prefer to buy my vehicles but you need to make your own choice.

 

What's the difference in T&C of the two that creates the payment difference?

 

it really depends on the terms of the deal and how many miles a year you will drive it/if you will want to buy it when it's over.

I drive roughly 25-27k miles a year so a lease is a no go for me. That and i tend to keep vehicles for longer than 5-7 years.

 

Welcome to TW.

To state the obvious, for many of us, half the fun is personalizing the truck, adding accessories and making mods. That does not lend itself to leasing very well.

Reading these forums is fantastic, but it will entice you to buy cool accessories.

 

Welcome! Not much on leasing but if that’s your thing go for it.

 

Welcome! I'll just say in my opinion loan > lease. If you can afford to finance it, that would be my recommendation.

 

Welcome to TW

 

welcome

 

I like having one new vehicle every 2-3 years and don’t plan to modify the truck. Just the basic accessories like running boards and tonneau cover.

I have two other vehicles as well.

I’m planning to pick up the Tacoma this weekend. Just can’t decide between the magnetic gray or cement color.

 

Updated the post

 

Welcome! (Cement)

 

Magnetic

 

I'd be curious to know what the residual would be after 24 months, and the money factor. Also, does that payment include tax?

Any rebates available? Maybe conquest cash, etc?

 

Haven’t discuss about the rebate and residual part yet. Doesn’t include tax which is 7% in my state, that would be an extra $20 added to the payment.

 

Feel free to share it once you've received that information, as well as the MSRP of the truck.

Leasing is a great option that many don't consider; at the same time, a lot of people don't negotiate a lease the same way they expel the effort to negotiate a purchase.

Find out your 'selling' price as well.

 

Go for the Cement, with Black details it is really sharp!

 

Welcome to TW!!