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Lease offer???

Discussion in '3rd Gen. Tacomas (2016-2023)' started by Fernando95diaz, Sep 17, 2020.

  1. Sep 17, 2020 at 7:00 PM
    #1
    Fernando95diaz

    Fernando95diaz [OP] Well-Known Member

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    Guys I just wanted to know if this would be a good offer for an OR

    Thanks

    A606B3FF-D96F-434B-8D5D-049BF589A082.jpg
     
  2. Sep 17, 2020 at 7:05 PM
    #2
    Fernando95diaz

    Fernando95diaz [OP] Well-Known Member

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    As for the tire replacement is that including aftermarket tires?
     
  3. Sep 17, 2020 at 7:08 PM
    #3
    Bishop84

    Bishop84 Well-Known Member

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    Most leases come with first services covered now.
     
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  4. Sep 17, 2020 at 7:08 PM
    #4
    Fernando95diaz

    Fernando95diaz [OP] Well-Known Member

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    Yeah it’s the 2 year Toyota care
     
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  5. Sep 17, 2020 at 7:09 PM
    #5
    ataco4x4

    ataco4x4 Well-Known Member

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    Exact same payment as mine seems fair
     
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  6. Sep 17, 2020 at 7:09 PM
    #6
    Fernando95diaz

    Fernando95diaz [OP] Well-Known Member

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    Yours is a lease?
     
  7. Sep 17, 2020 at 7:10 PM
    #7
    ataco4x4

    ataco4x4 Well-Known Member

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  8. Sep 17, 2020 at 7:11 PM
    #8
    Fernando95diaz

    Fernando95diaz [OP] Well-Known Member

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    What about the residual ?
     
  9. Sep 17, 2020 at 7:11 PM
    #9
    ataco4x4

    ataco4x4 Well-Known Member

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    Feel free to PM if you have any questions I’ve had mine for a year
     
  10. Sep 17, 2020 at 7:12 PM
    #10
    ataco4x4

    ataco4x4 Well-Known Member

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    I have 2 options to turn it in or buy
    Out
     
  11. Sep 17, 2020 at 7:14 PM
    #11
    ataco4x4

    ataco4x4 Well-Known Member

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    I was able to get double cab XP southeast Toyota thing all decked out for that payment so you
    Can gauge
    Warranty is a scam
    The oil change etc is
    5,000
    10,000
    Then every 10 after
    You also get one free alignment
     
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  12. Sep 17, 2020 at 7:14 PM
    #12
    RtacomaN

    RtacomaN Well-Known Member

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    What’s your plan after the lease?
     
  13. Sep 17, 2020 at 7:17 PM
    #13
    Fernando95diaz

    Fernando95diaz [OP] Well-Known Member

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    I’d most likely keep it if not sell it since most trucks now are worth more than what the residual value on this one is
     
  14. Sep 17, 2020 at 7:20 PM
    #14
    RtacomaN

    RtacomaN Well-Known Member

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    I think you could do better.
    At 394/month for 36 you’re paying 14k for a truck you don’t own plus the residual is 43,000 for a 35,000 listed vehicle. I got my 19 with 3,000 Miles for just oVer 31,000 out the door.
     
  15. Sep 17, 2020 at 7:21 PM
    #15
    ataco4x4

    ataco4x4 Well-Known Member

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    Also what model is that for?
     
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  16. Sep 17, 2020 at 7:24 PM
    #16
    Fernando95diaz

    Fernando95diaz [OP] Well-Known Member

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    You finance yours? I think I’d be able to bring it down more I tried other dealers nobody is willing to match
     
  17. Sep 17, 2020 at 7:36 PM
    #17
    RtacomaN

    RtacomaN Well-Known Member

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    2019 4x4 DCSB sport. Window tint, step bars, all weather, with a retrax topper.


    Are you set on leasing?

    It is a terrible time to try to get into a new Toyota, lease or buy, because the demand is so great. If you can, check out the thread "What are you paying for your 2020 Tacomas and look for posts by @TacoBuffet He is a genius and has bought like 12 Tacomas and if you can, wait!.

    Yes I am financing mine, did one lease, will never go back. I know some love it but for me we got racked by damages and repairs on a vehicle we would have given back. Traded it in on a killer deal on a 4x2 tacoma, lost a lot of money on the lease (Wife's rogue) Took the financed 4x2 at the start of Covid and traded it in for more than we owed and talked the dealer down on the 19. Would I have preferred an offroad? Of course, but I love the tacoma period and will use the money we saved (And recouped from the lease) If you are willing to wait for the right deal, and right incentives ( I bargained for a 2.75% interest rate for 60 months without money down and my payment is just 100 more/ month and my interest is hardly anything.
     
  18. Sep 17, 2020 at 7:46 PM
    #18
    calebc

    calebc Well-Known Member

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    Do the math on the numbers they gave you. Spread that over 36 months and you end up with $175 a month (approx). That means the difference between $394 and $175 is what they are charging/making in interest. That's a terrible deal.
     
  19. Sep 17, 2020 at 7:51 PM
    #19
    Gusthepickle

    Gusthepickle Member

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    Leases are terrible financial deals, most of your payment goes towards "rental fees, cost recovery, interest on depreciation" You're better off financing it if you can put a nice downpayment. Otherwise, check out a nicely built 2nd gen too! Trust me, I'm an accountant!
     
  20. Sep 17, 2020 at 7:53 PM
    #20
    ataco4x4

    ataco4x4 Well-Known Member

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    Could not agree more it’s a joke
     
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