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Leasing a Tacoma?

Discussion in 'Off-Topic Discussion' started by jdkeller, Oct 27, 2010.

  1. jdkeller

    jdkeller [OP] How many words can be fit in this s

    Joined:
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    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    What are the pros and cons of doing this?

    A dealer I was at the other night said:

    • There is no interest while leasing.
    • All money goes straight toward the price of the vehicle.
    • If after the miles/years are up I can decide to buy for the leftover amount.
    • If I decide to buy there continues to be no interest.
    What is true?

    There has to be a catch since this is way better than just buying it from the start. I have never leased before. Set me straight. Thanks
     
  2. whippersnapper02

    whippersnapper02 Well-Known Member

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    Christian
    Yorba Linda, CA
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    10 MGM TRD OR 4wd Auto DCSB
    Banks Monster Exhaust, Pop n Lock tailgate lock, Hook-Ups tie down brackets, USA Spec Ipod adaptor, WO seat covers, color matched grill with Grillcraft insert, Tuffy locking bed box
    It is a long term rental. Any good there? Nope. Lease if you plan on switching cars every 2 or 3 years.
     
  3. knayrb

    knayrb Well-Known Member

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    Utah
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    Pure stock
    Leasing was the worst financial decision I ever made. Won't do it again
     
  4. jdkeller

    jdkeller [OP] How many words can be fit in this s

    Joined:
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    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    So the payments during the 3 years do not apply toward the balance of the truck?
     
  5. jdkeller

    jdkeller [OP] How many words can be fit in this s

    Joined:
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    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    Please explain. With your current tacoma?
     
  6. whippersnapper02

    whippersnapper02 Well-Known Member

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    Christian
    Yorba Linda, CA
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    10 MGM TRD OR 4wd Auto DCSB
    Banks Monster Exhaust, Pop n Lock tailgate lock, Hook-Ups tie down brackets, USA Spec Ipod adaptor, WO seat covers, color matched grill with Grillcraft insert, Tuffy locking bed box
    Not really. At the end of the term they give you the option of buying but usually it is more than what it is worth.
     
  7. Pugga

    Pugga Pasti-Dip Free Since 1983

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    I wouldn't lease a vehicle. It's like renting an apartment, you dump a whole lot of money into it and at the end have nothing to show. You can buy it at the end but they usually try to play a bunch of games with you. It's certainly not the 'interest free loan' the dealership is making it out to be.
     
  8. jdkeller

    jdkeller [OP] How many words can be fit in this s

    Joined:
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    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    Thanks. I knew something was up. Those guys lie to your faces for a living. I guess you would have to read the entire contract agreement.
     
  9. jdkeller

    jdkeller [OP] How many words can be fit in this s

    Joined:
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    13,034
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    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    That's another thing I forgot to add. They told me I could do whatever I wanted to it. Before we began the lease talk I told them I would never lease because I intend on taking this offroad and modding it to death. Then they told me what they did.
     
  10. macgyver

    macgyver Well-Known Member

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    Bad idea unless this is a fleet vehicle for a business. Its basically renting a car for a long time. At the end you own nothing.
     
  11. jdkeller

    jdkeller [OP] How many words can be fit in this s

    Joined:
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    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
  12. Pugga

    Pugga Pasti-Dip Free Since 1983

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    Go to a different dealership, that guy is horrible! Either that or tell him to throw out his standard lease and write down everything he said and get him to sign it. Then tell us which dealership this is so we can all jump on this deal!
     
  13. jdkeller

    jdkeller [OP] How many words can be fit in this s

    Joined:
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    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    lol. It's stupid how I tell him I'm only buying a 2009/2010 certified. He insists on running numbers on a 2011 since that's all they had in what I wanted.

    An hour later I say no thanks and leave. They are soo mad. That's what they get for not listening.
     
  14. jdkeller

    jdkeller [OP] How many words can be fit in this s

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    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    That's what I was telling him!
     
  15. Dewman4

    Dewman4 Well-Known Member

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    Haymarket, VA
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    When you lease a vehicle at the end of your three years you have the option to trade it in, buy it out right, or you can sell it. If you sell it you the dealership whatever the residual value is. Then the left over money is yours. I just bought my 2011 double cab trd sport. I had asked about leasing just to get an idea. After three years I could by my truck out right for just over 19K. If I sold it I would just owe the dealership the 19K. Also all vehicle maintenance is free.
     
  16. jdkeller

    jdkeller [OP] How many words can be fit in this s

    Joined:
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    #11040
    Messages:
    13,034
    Gender:
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    First Name:
    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    Oh and get this,

    They say, "C'mon this is a good deal. Either buying or leasing. It's late. I've only sold 3 vehicles today. If you buy it I only get $50 and the salesman gets his $25"

    Mind you this is the sales manager I'm at the desk with. And 5 minutes earlier I had asked him what the salesmen make for a base. He said no base, just commision. $25 a sale! bwahahahahahah. You gotta sell 6 vehicles/day just to make a decent living! What a joke. I was literally laughing the whole time. But he was too dumb to realize I was laughing at him. Because he was laughing back.
     
  17. Yesterdayz

    Yesterdayz Well-Known Member

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    09 Tacoma TRD Off Road
    I leased my 2009 TRD Off Road for $299.00 a month for 5 years. At the end of the lease the buy out is 13K. Adding all my payments for the next 5 years, plus the 13K to buy it out, it was cheaper to do it this way, I am at 0.9%apr, if I would have bought the truck it would have been 4.9% apr. As long as I can come up with the 13K in 3 years :)
     
  18. jdkeller

    jdkeller [OP] How many words can be fit in this s

    Joined:
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    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    Did you put anything down?
     
  19. MAXTacoma

    MAXTacoma Well-Known Member

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    I leased my truck with no regrets, it gives me lower payments while I'm in school. I pay 345 per month for 5 years, w/ 3k down. After my lease my buyout is 10k. If you factor out my whole payments w/ down payment and buyout I think my interest rate is close to 6%. I did lease mine true Toyota Motor Credit and have heard lots a good things about there finance department. I only leased mine knowing that I would pay cash for it at the end of the lease. I refuse to pay on a car longer the 60 months.
     
  20. whippersnapper02

    whippersnapper02 Well-Known Member

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    10 MGM TRD OR 4wd Auto DCSB
    Banks Monster Exhaust, Pop n Lock tailgate lock, Hook-Ups tie down brackets, USA Spec Ipod adaptor, WO seat covers, color matched grill with Grillcraft insert, Tuffy locking bed box
    Oh and if you go over the mileage your screwed. Remember that.
     
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