#maketacomaleasinggreatagain

Hello everyone, new member here. I've decided on a DCSB TRD sport and was wondering what kind of lease deals everyone was getting??

Not sure if there is a thread dedicated to leasing. I searched and could not find one. If there is one please point me in the right direction

Best deal I've gotten so far in Miami Florida Is 375 tax included for a truck with msrp of just under $35k. 76% residual, 36 month term, 12k miles and $2k total out of pocket. My trade in is upside down 1500 bucks so essentially $500 is the amount due if there was no trade in.

I do not know what the money factor is.

Let me know what everyone else is getting!!!

 

Hurts seeing people get separated from their money through stealership lease deals.

Leasing is always a bad deal for you, regardless of how solid the money factor is.

 

Not true.

 

Why not lower your budget then and finance it? You can write off a decent portion of your payment through your business based on useage %, as well as the interest from the loan.

You can also write off a portion of the lease payments, but its still not as advantageous as buying I think.

 

Exactly

With high residual values on Tacoma's your buyout will be far less than what you can sell it for.

So you get a lower payment, and usually a lower interest rate (shorter lease term) and thousands in appreciated value at lease end to put down on your next truck. Leasing is better if you only keep a vehicle 3-4 years imo

 

If you write off a decent portion of the payment (depreciation) you can't sell it for more than you depreciated the truck on the books.

 

Tax code limits depreciation on certain vehicles, which in turn limits what you can write off, "lease inclusion limit."

If you finance, you can write off payments if you use more than 50-80% for business, and you can also write off interest from the loan.

Better deal imo.

 

All good man, good luck! Curious to hear other people's lease deals too.

 

I got the same deal on my 4Runner lease as if I was buying it. 3% over dealer invoice. Not sure what deals there is for Tacoma's but leasing or financing the price of a vehicle should be the same.

I enjoy knowing in 3 years (2 from now) I had a lower payment and have about 7k in positive equity to put down on my next vehicle.

 

Can you wait until toyotathon? The residual on 4x4 sports were 82 or 84%. Stupid high. My pro had a residual of 64%, but I'm buying it out at the end.

 

At the end of three years you will have spent $15,500 which brings the real cost up to $430 a month. You can own that truck free and clear after 72 months of the same payments with 10% down at 3% rate.

 

Leasing is simple, you only pay the depreciation, what's left over from the negotiated price at time of purchase/lease is what the buyout amount is. So if you lease, then buy it out you never pay more than whatever price you negotiated at the beginning. The exact same if you purchased (financed the truck).

 

So is leasing really all that bad?

 

I'm leasing mine for 357 a month, 2000 down, 45,000 miles (15 k a year). It was 345 but I got talked into some warranty that I didn't need, oh well. It's an off-road access cab, I think the total price was 36. I'm actually looking to get out of my lease into another tacoma but for a double cab.

 

Oh and welcome.

 

The OP states the MSRP is 35K. The residual value is 76% which would be $26,600.

With $15,500 paid in after 36 months and a residual of $26,600 he would be paying a $6K premium above MSRP. If he gets a tax write off for business use that will help with the extra cost.

The payments are lower but you never end up owning the vehicle. The dealers end up with a premium on the lease because you get nothing back when the lease expires.The price for "lower payments"

 

I pay $310 tax included 12k miles, 36 months, $750 at signing. My truck was a little more than $37k I can't remember the exact MSRP. It's a 4x4 trd sport.

I work for Penske and got an employee deal so that's at cost +$150. Some dealers will go below cost but not usually on the tacomas from what I've seen. Sounds like you're getting a pretty good deal though OP.

 

Leasing.. .. I've been lease a lot of cars, good thing is you can get a New car every 3 , 4 years, but never owned it. And the buy out price always over the market prices. If the truck is for the business, for the living, own it. Otherwise just lease collora, mazda3, or civic. Or lease a cheap chevy truck that can give you a better deal.

 

Nothing wrong with a lease if it fits your needs. I suspect most here want to mod and that would be a waste on a lease unless you knew for sure you'd buy it out, which would just be a way to finance it longer increasing your overall finance costs in exchange for lower payments. Lease is about options down the road. Don't want options and can afford the higher payments then buy.

I leased because it's my first truck and not entirely sure it's what I want. Give it 3 years and then decide. Tacos retain a good chunk of their value so good chance there is equity in the end as well.

As for the deal I got, I had a trade in that paid off a good chunk of the depreciation. MSRP was $40K and change. Selling price was $36K and change. Money factor was around .00225 but don't recall exactly. Money factor lately isn't great. Used to be more like .0018 or so. Monthly with tax is $239 but that's with my $4K trade that in the end I got $6,500 for (longer story).

By comparison, a purchase with the same $6500 trade would have been around $500 a month over 6 years depending a bit on the interest rate I could get.

 

You must have gotten a killer money factor and/or a high residual to get that low of a payment with that little down on a truck that likely had an MSRP around $39K.